Anyone knows which bank in this region provides better savings/FD interest rate than SG? Reason i am asking is because putting cash in SG bank only gain little interest per annum.
I hope experts here can give some advise? Thanks.
Anyone knows which bank in this region provides better savings/FD interest rate than SG? Reason i am asking is because putting cash in SG bank only gain little interest per annum.
I hope experts here can give some advise? Thanks.
Last edited by mygeemeel; 23-08-12 at 11:44.
It depends on the type of currency
Put your cash in Vietnam in VND account. They are giving >12% pa.Originally Posted by Laguna
Try Maybank. If you are >50 yrs, the interest rate is higher than the normal saving accounts, around 0.4xx% and for FD around 1% depending on the no of tenure.
Oops, I'm referring to bank in Singapore
Msia banks are offering 6%.Originally Posted by irisng
I heard it is not ideal to put in Vietnam. My friends there buys Gold and keeps cash at home. They say putting in bank is risky. Not sure how true.Originally Posted by Sleepyhead
Indonesian banks also 6%.Originally Posted by mygeemeel
test water. try a bit.Originally Posted by mygeemeel
Split your cash 3 ways, into MYR, IDR and VND.
Stanchart step up fixed d starts from 1.1% all the way to 2%, don't need to go abroadOriginally Posted by irisng
try philippines n indo banks. i/r very good (~8-10%) but default risk very the high also.
low risk, low returns.. high risk, high returns/losses loh.
anyway for foreign deposits, make sure you have the currency exposure hedged.. else wad u gain in i/r could easily get wiped out (or doubled!) by exchange rate changes.
citibank used to offer quite attractive rates for the step up acct too.. but they have the ability to lower the paid out rates (which they did last yr) hence may not be consistent/reliable.Originally Posted by Regulators
Stanchart step-up ... effective more like 1.3% only and must put 24m ... terrible
my suggestion
1. Use cash to contribute to your own CPF SA up to 7k ... tax exempted
2. Use cash to contribute to your non-working spouse/child/father/mother CPF SA up to 7k ... tax exempted
3. SRS buy China-A or corp bond
Ride at your own risk !!!
Go for iSAVvy Time Deposit , it's the same or slightly higher rate than Singapore Dollar Time Deposit for 50yrs+ senior citizen rate.Originally Posted by irisng
CIMB offers 0.8% for their starsaver savings account and 1.10% for their 12month FD.
http://www.cimbbank.com.sg/
But I don't think we can just top up the CPF like that, right?Originally Posted by phantom_opera
Is it Maybank also? I heard Hong Leong Finance FD interest rate also not bad leh.Originally Posted by CondoWE
Is it must open an account in Malaysia? But I don't quite trust M'sia govt leh, suka suka change the law, then jialat liao, still trust our S'pore govt.Originally Posted by mygeemeel
I have placed a FD with Maybank for 1.5 yrs, return is 1.49% pa.Originally Posted by Regulators
What do you all think of Structured Deposit?
The interest is determined every three months, you can put for three months and take out without incurring penalty, within first three months, there is $250 penalty.Originally Posted by phantom_opera
Yes, Maybank. HLF FD is > S$50,000 12mths, 1.2%Originally Posted by irisng
Three months ago citibank was offering 2% for one month and 1.75% for three months. Mine maturing soon, interest can buy me holiday to australia.Originally Posted by irisng
sharing with bros & sis here
friend told me of this hsbc promo till 30 sep ---> http://tinyurl.com/9rkb5q7
good for those with spare cash for next 3 months.
effective interest rate = 2.1%; can be up to effective 2.3% if the referrer shares with you the takashimaya vouchers. pm for details.
friend said the various banks will rotate to have their own promotions.
Ok I check with hsbc.
Checked with hsbc liao, they say minimum $200k to enjoy 0.98% plus one air ticket to hk plus $200 cash. Not 2% that you mentioned lehOriginally Posted by lifeline
Originally Posted by Regulators
you are fast!
that's why i said effective rate (annual) - after factoring in airtickets x 2 (600*2) plus 200 cash for listening to talk. then plus referrer fee if share will be higher.
anyway i am not banker to promote their package la.
this package is useless to those not intending to travel to those places la.
got to see my link properly - 1 airtix to bangkok or 2 to hk, depending on tier.
Alamat, didn't know about it. I have been placing my FD with citibank for 6 months for so many years and yet the interest is still <1%. But sometimes, they have this offer eg if you arrange for a Giro fund transfer from other banks to your citibank account for 2 or 3 months, they will give you $50. So normally, after receiving this $50, I will stop the Giro transfer, haha.Originally Posted by Regulators
Maybank doesn't need $200k, $10k can already.Originally Posted by Regulators
fight so hard to get negative return lol
Ride at your own risk !!!
Anyone else who knows of better FD interest rates? Pls share info.
no wonder middle class in US is poorer since 2000 but upper middle class gains 87% ...
in Singapore luckily middle class has HDB that is ever appreciating ... otherwise end up like US middle class, hard earned $$ all lost to inflation
Ride at your own risk !!!