Discuss the different banking options, rates, offers and perks.
-
PNGMK
- Moderator
- Posts: 9078
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 10
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Sat, 22 Apr 2017 6:21 pm
Strong Eagle wrote:navruzbek wrote:Hi guys, I have just caught a gap here. The interest rate is 5% in my country, so i can pay you 4 % (earning 1% for myself) in dollar for the 12 month period. what u think?
Yes, well, putting my money into Uzbekistan with someone I don't know doesn't sound like a very good strategy at all.
It's five percent because it is high risk.
On what a wonderful idea uzbek - let me get my cheque book right now... now who do I write the cheque out to>
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
PNGMK
- Moderator
- Posts: 9078
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 10
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Mon, 24 Apr 2017 3:16 pm
https://www.sbising.com/TD_promotions
SBI is running a promo until end of May
SGD 1.35%
USD 1.75%
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
Angelus
- Member
- Posts: 32
- Joined: Tue, 10 Sep 2013 2:29 am
-
Quote
-
0
login to like this post
Post
by Angelus » Mon, 15 Oct 2018 12:10 am
For a daily expense account I would recommend OCBC 360. Good interest and so far few complaints about OCBC's service.
Terrible experience with UOB.
For a savings account that you don't intend to touch you can check out Citi Maxigain. Very few requirements except for a 15k initial deposit but the interest is at ~2.5+% now (it fluctuates).
Both accounts should be covered up to 50k by the government.
-
PNGMK
- Moderator
- Posts: 9078
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 10
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Fri, 11 Jan 2019 9:02 am
Yes to both. It makes sense if your ultimate goal is to hold USD (which mine is) as you can cash out with a USD draft at the end of the TD.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
Wd40
- Director
- Posts: 4591
- Joined: Tue, 04 Dec 2012 10:53 am
-
Answers: 1
- Location: SIndiapore
-
Quote
-
0
login to like this post
Post
by Wd40 » Fri, 11 Jan 2019 11:23 am
Use interactive brokers, fund it with SGD convert it to USD at near spot rates and buy US treasuries. This is a better way to do it than hold USD in an Indian bank in Singapore.
Spend some time on Money Mind forum in HWZ, it is the place if you want to learn how to manage your money.
Sent from my Redmi Note 4 using Tapatalk
-
GlenT
- Newbie
- Posts: 11
- Joined: Tue, 18 Jun 2019 5:24 pm
-
Quote
-
0
login to like this post
Post
by GlenT » Tue, 18 Jun 2019 5:29 pm
I used to use the OCBC 360 account, but have stopped ever since they kept reducing the benefits/increasing the conditions required to get bonus interest rate.
Have moved to the DBS Multiplier recently and would highly recommend it. The conditions are relatively straightforward (total of salary + spending) and if you are able to hit a high enough tier based on income/spending, the interest rate of 2+% can be really attractive. Only challenge is that to hit the 3 types of spending can be quite tricky...
-
nextlife01
- Member
- Posts: 46
- Joined: Thu, 28 Nov 2019 3:13 pm
-
Quote
-
0
login to like this post
Post
by nextlife01 » Fri, 29 Nov 2019 5:35 pm
Best savings accounts in Singapore with the highest interest rates (2019)
UOB One account
OCBC 360 account
DBS Multiplier account
POSB SAYE account
Standard Chartered BonusSaver account
Bank of China SmartSaver
Maybank Save Up programme
Citi MaxiGain Savings Account
CIMB FastSaver account
-
-
Which bank/instutition/money lender best to take loan with lowest interest
Replies: 3
First post
Qns1)I jus move to resale house..i don wan to sign up reno loan(exple 35k)..i wan to use the loan money to make up my house myself..i stil new in...
Last post
I not sure..u mean they can take my home things if i unable to pay e loan
Sent from my SM-G975F using Tapatalk
Depends on where you get the loan...
- 3 Replies
- 9890 Views
-
Last post by TropicalExpat
Wed, 02 Sep 2020 8:40 pm
-
-
- 1 Replies
- 2557 Views
-
Last post by sundaymorningstaple
Mon, 26 Oct 2020 11:50 am
-
-
Tax Savings in Singapore
Replies: 4
First post
I did my annual salary computation and looks like my payable tax would be around SGD 33K for 2023-24 (on a total taxable income of 265K for the...
Last post
For expats, SRS is not a complete no-brainer, even for someone in the 19.5% tax bracket. Assuming you don’t take up PR and withdraw after 10 years...
- 4 Replies
- 2197 Views
-
Last post by malcontent
Sat, 02 Dec 2023 9:19 pm
-
-
Cashing cheque without bank account
Replies: 4
First post
Dear all,
I have done work remotely for my client company and received cheque on my name via traditional post to my home address in residence...
Last post
You can deposit the cheque in your home country bank account. It will take time to clear and cost a bit more.
- 4 Replies
- 2686 Views
-
Last post by PNGMK
Mon, 26 Aug 2019 2:11 pm
-
-
Bank account opening
Replies: 10
First post
Hi all
I am a foreigner but for work purpose, expect to visit Singapore quite often and would like to open a bank account in Singapore. I do not...
Last post
Trying to get your assets out of Hong Kong? There is a Bank of China here.
There is also ICBC.
- 10 Replies
- 4684 Views
-
Last post by maneo
Tue, 12 Nov 2019 6:54 pm
Users browsing this forum: No registered users and 0 guests