Which bank in this region provides better savings/FD interest rate than SG?

[mygeemeel]

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.

[Laguna]

It depends on the type of currency

[Sleepyhead]

It depends on the type of currency

Put your cash in Vietnam in VND account. They are giving >12% pa.

[irisng]

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

[mygeemeel]

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%.

[mygeemeel]

Put your cash in Vietnam in VND account. They are giving >12% pa.

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.

[Sleepyhead]

Msia banks are offering 6%.

Indonesian banks also 6%.

[Sleepyhead]

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.

test water. try a bit.

Split your cash 3 ways, into MYR, IDR and VND.

[Regulators]

Stanchart step up fixed d starts from 1.1% all the way to 2%, don't need to go abroad

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

[Vincegoh]

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.

[Vincegoh]

Stanchart step up fixed d starts from 1.1% all the way to 2%, don't need to go abroad

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.

[phantom_opera]

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

[CondoWE]

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

Go for iSAVvy Time Deposit , it's the same or slightly higher rate than Singapore Dollar Time Deposit for 50yrs+ senior citizen rate.

[azeoprop]

CIMB offers 0.8% for their starsaver savings account and 1.10% for their 12month FD.

http://www.cimbbank.com.sg/

[irisng]

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

But I don't think we can just top up the CPF like that, right?

[irisng]

Go for iSAVvy Time Deposit , it's the same or slightly higher rate than Singapore Dollar Time Deposit for 50yrs+ senior citizen rate.

Is it Maybank also? I heard Hong Leong Finance FD interest rate also not bad leh.

[irisng]

Msia banks are offering 6%.

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.

[irisng]

Stanchart step up fixed d starts from 1.1% all the way to 2%, don't need to go abroad

I have placed a FD with Maybank for 1.5 yrs, return is 1.49% pa.

What do you all think of Structured Deposit?

[Regulators]

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.

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

[CondoWE]

Is it Maybank also? I heard Hong Leong Finance FD interest rate also not bad leh.

Yes, Maybank. HLF FD is > S$50,000 12mths, 1.2%

[Regulators]

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.

I have placed a FD with Maybank for 1.5 yrs, return is 1.49% pa.

What do you all think of Structured Deposit?

[lifeline]

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.

[Regulators]

Ok I check with hsbc.

[Regulators]

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 leh

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.

[lifeline]

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 leh

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.

[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.

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.

[irisng]

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 leh

Maybank doesn't need $200k, $10k can already.

[phantom_opera]

fight so hard to get negative return lol

[mygeemeel]

Anyone else who knows of better FD interest rates? Pls share info.

[phantom_opera]

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