Foreign Currency FD - any advise which bank/denomination

[Jrage]

hmm...

Trying to diverse my profile in this versatile mkt.

I have some equities, some bond , some pty, some gold..

 

I was thinking of putting some $$ into FX FD, was intenting to put into AUD.. but was wondering if HKD is good also. Rate given by SC quite attractive now.

 

Any advise from the financial experts in the forum :)

Edited May 21, 2012 by Jrage

[T711]

OCBC AUD promo - 3 mths FD 5.08%

[inlinesix]

OCBC AUD promo - 3 mths FD 5.08%

U forget: Min $20k.

[Jrage]

U forget: Min $20k.

 

Maybe i shld provide more info.. let's say.. >50k ?

[SimonTan]

Some pty.

 

Respect!,

 

[JimmyMcG1978]

POSB AUD rate for >$50 - 3 months FD 2.8050% Out of all the FX, aussie currency exchange interest rates is the highest.

[Sturtles]

Hi Guys,

 

USD FD at UOB bank is nearly 0.8% PA, and I already have a small USD acct there doing nothing earning paltry 0.05%... 

 

Problem is there are tiered interest rates, and I am thinking of converting some SGD to USD to hit better deposit rates...

 

What is the best way to do this?

 

The rates by UOB is not so good, as compared to mustafa.. a loss of about 6 pips...

 

Would it be sound to convert at mustafa in cash, and top up the account in cash together with my leftover USD from trips?

 

Not the best time to change USD, but I think it should rise in the medium term, and I can use it for insurance payments

[Sdf4786k]

OCBC AUD promo - 3 mths FD 5.08%

would this be better then the posb rate ?

 

whats the TnCs like ?

[Carwoman]

Time to call up....wahhhhhh 5%

Thats years ago. Renewed at 2.1% Maybank. 6 months

[Carwoman]

Kiwi higher den Aussie...if got stuck with kiwi, got to hold..keep slidingzzzzzzz

 

Foreign Currency Time Deposit (% p.a.) - Tier 1

Month(s)

Currency Minimum 1 2 3 6

US Dollar 10K 0.9500 1.0000 1.1000 1.3000

Sterling Pound 10K 0.0000 0.0000 0.0000 0.0000

Australian Dollar 10K 1.0000 1.0500 1.1000 1.2500

New Zealand Dollar 10K 1.3000 1.3500 1.4000 1.5500

Canadian Dollar 10K 0.3000 0.3500 0.4000 0.6000

Swiss Franc 10K 0.0000 0.0000 0.0000 0.0000

Euro 10K 0.0000 0.0000 0.0000 0.0000

Japanese Yen 2.5M 0.0000 0.0000 0.0000 0.0000

 

Aussie?? Which currency??

Aussie,

 

There are some very good earlier posts on having a need before doing dual currency.

Also very good posts on how transfers between banks are costly.

[Throttle2]

DCIs, one of the best ways to cream/carrot premier and priority and even PB clients......

[JonathanTan_197641]

dbs is good? any advice?

[Albeniz]

These few days, Canadian dollar and Australian dollar lau sai big time.

 

What happened?  Can start to load some?

[Sdf4786k]

These few days, Canadian dollar and Australian dollar lau sai big time.

 

What happened?  Can start to load some?

 

Still ok for Aussie lah.. Just put a watchlist at 99cents to SGD1 and squeeze trigger. If can get good. If cannot, then wait again... 

[Mr_biscuit]

AUD$ is a commodity currency, upside potential is there given the current market outlook.

 

Just my 2 cents worth.

[Albeniz]

These few days, Canadian dollar and Australian dollar lau sai big time.

 

What happened? Can start to load some?

Canadian dollar dropped further.

CAD $1 to SGD1.0067 now.

 

Looks ridiculously low.