Buzzzz Clutched February 10, 2011 Share February 10, 2011 hi bros.. if you have some cash, like say 40k or 50k type of figure.. which bank or type of savings would you put in? care to share your good experience, recommendation or preference.. any expert view wld be best. ↡ Advertisement Link to post Share on other sites More sharing options...
questionedfish Clutched February 10, 2011 Share February 10, 2011 hi bros.. if you have some cash, like say 40k or 50k type of figure.. which bank or type of savings would you put in? care to share your good experience, recommendation or preference.. any expert view wld be best. first thing first that come into my mind, is not the bank, but..wat is this topic doing under complaints. Link to post Share on other sites More sharing options...
Buzzzz Clutched February 10, 2011 Author Share February 10, 2011 paiseh.. thanks for reminder. wrong catergories.. Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear February 10, 2011 Share February 10, 2011 (edited) No mention if it will be for investment No mention what do you want for return No mention if you intend to manage the fund yourself I believe we can help you better with more information from you Perhaps you like to explore HSBC, Citibank, RHB Bank, Maybank... Edited February 10, 2011 by Good-Carbuyer Link to post Share on other sites More sharing options...
Yeshe Turbocharged February 10, 2011 Share February 10, 2011 hi bros.. if you have some cash, like say 40k or 50k type of figure.. which bank or type of savings would you put in? care to share your good experience, recommendation or preference.. any expert view wld be best. why u bother about which bank when u only looking at the 0.X% interest? just dump into any big 4 for convenience can already. if u looking at high returns, then u shouldnt be looking at banks Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear February 10, 2011 Share February 10, 2011 40-50k is not even enough for high yield accounts like UOB privilege banking, OCBC premier and DBS treasures Minimum is 200k Link to post Share on other sites More sharing options...
inlinesix Hypersonic February 10, 2011 Share February 10, 2011 The best i could think of is CIMB. 0.8% pa Link to post Share on other sites More sharing options...
Chengwh492 Clutched February 10, 2011 Share February 10, 2011 cimb 0.8% is only when u have 750k stacked 1 shot into it. old customer is 0.9%. best rate for this amount stated by TS is probably moneymarket funds. Link to post Share on other sites More sharing options...
Buzzzz Clutched February 10, 2011 Author Share February 10, 2011 maybe you are rite, if its just for saving, shdnt bother much abt which bank since most same same.. kind of prefer standard chartered n citibank though.. agreed that the amt is not enough for high yield a/c.. Link to post Share on other sites More sharing options...
Pltang Clutched February 11, 2011 Share February 11, 2011 standchart Link to post Share on other sites More sharing options...
Jiannshan Clutched February 11, 2011 Share February 11, 2011 standchart Yap. Stand chart esaver acc not bad. Though i cant remember wat is the rate le. Anyway to TS, if ur money is meant to be liquid, just put into any acc oso can la. Interest rates r so pathetic now. U wont see a lot of difference. But recently i juz opened a US dollar account to deposit some money for my honeymoon tis yr. U can look at tat avenue too by opening those multi currency account. Interest rates are definitely beta but subject to exchange rate risk la. Link to post Share on other sites More sharing options...
Tedlhw 5th Gear February 11, 2011 Share February 11, 2011 maybe you are rite, if its just for saving, shdnt bother much abt which bank since most same same.. kind of prefer standard chartered n citibank though.. agreed that the amt is not enough for high yield a/c.. for 50,000, the difference between 0.9% and 0.3% is only 300, over 1 year. About S$0.80 per day. Just go for one you like. No significant difference either way. Maybe see which branch got chio gals. Link to post Share on other sites More sharing options...
Tedlhw 5th Gear February 11, 2011 Share February 11, 2011 Yap. Stand chart esaver acc not bad. Though i cant remember wat is the rate le. Anyway to TS, if ur money is meant to be liquid, just put into any acc oso can la. Interest rates r so pathetic now. U wont see a lot of difference. But recently i juz opened a US dollar account to deposit some money for my honeymoon tis yr. U can look at tat avenue too by opening those multi currency account. Interest rates are definitely beta but subject to exchange rate risk la. Wah your honey moon cost> USD50K? Link to post Share on other sites More sharing options...
Little_prince Supersonic February 11, 2011 Share February 11, 2011 that time i put in cimb it's 1% starsaver iirc Link to post Share on other sites More sharing options...
Reuters Clutched February 11, 2011 Share February 11, 2011 (edited) that time i put in cimb it's 1% starsaver iirc the problem with these banks, like cimb, is that their branches/outlets are not readily available in the normal housing estates.. if u need to go to the banks, u have to travel to those bigger housing estates or town area.. Edited February 11, 2011 by Reuters Link to post Share on other sites More sharing options...
Little_prince Supersonic February 11, 2011 Share February 11, 2011 the problem with these banks, like cimb, is that their branches/outlets are not readily available in the normal housing estates.. if u need to go to the banks, u have to travel to those bigger housing estates or town area.. true true ... mostly thru ibanking need cash then transfer to my posb/uob acct lor Link to post Share on other sites More sharing options...
inlinesix Hypersonic February 11, 2011 Share February 11, 2011 the problem with these banks, like cimb, is that their branches/outlets are not readily available in the normal housing estates.. if u need to go to the banks, u have to travel to those bigger housing estates or town area.. It is used to keep my household emergency $$$. Link to post Share on other sites More sharing options...
Jiannshan Clutched February 11, 2011 Share February 11, 2011 Wah your honey moon cost> USD50K? Minimum deposit US $5k only. ↡ Advertisement Link to post Share on other sites More sharing options...
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