Don't say good thing never share. Risk free 3.05% p.a. returns for USD Fixed Deposits. Slightly more than 10 Year US Treasury Bond.
https://www.cimbbank.com.sg/en/pers...promotions/accounts/cimb-efcfd-promotion.html
The catch is not to convert SGD to USD via interbank exchange rates. This is the bank's gimmick because interbank exchange rates sucks.
It would be ideal if you already had a USD account with CIMB. Just deposit a local cheque in USD to your CIMB USD account. Problem solved.
CASH IS KING. I have been saying it for years when Fed starts to normalise. The main reason why stocks are plunging is because for the first time in 10 years cash is generating a decent and risk free return. Many pension funds are rebalancing their portfolio.
Just you wait and see the real estate mortgage loan defaults will be the hot topic in 2019.
That's a very good FD rate.
With Fed hiking and shrinking its balance sheet, stocks should take a hit. Past 10 years, stocks were on QE steroids - party is over. And that's why I am bearish on US and emerging equity markets. I have never seen a breakdown in this relationship so far - when rates goes up, stocks tumble and vice versa.