MYR to SGD

[XtraderX]

MYR just raised interest rates. I'm thinking long term wise, its just gonna go lower and lower. Is there any bank accounts in SG that can let me deposit in MYR and get interest? thanks

 

[OngHuatHuat]

Wait till after election for clearer trend.

Don't think they raise interest rate, got link?

 

[koja6049]

MYR at all time high now, not advisable to go in

 

[FT PRIDE]

Wait till after election for clearer trend.

Don't think they raise interest rate, got link?

http://forums.hardwarezone.com.sg/e...e-rate-ringgit-will-get-stronger-5764743.html

 

[OngHuatHuat]

Omg, I die Liao.

http://forums.hardwarezone.com.sg/e...e-rate-ringgit-will-get-stronger-5764743.html

 

[XtraderX]

Wait till after election for clearer trend.

Don't think they raise interest rate, got link?

maybe no link, but thats why i want to open account to put ringgit ma.

 

[sgdividends]

maybe no link, but thats why i want to open account to put ringgit ma.

Actually I remembered someone say before have discrimatory account maintenance fees for Malaysia savings account?

I don't know. Empty vessel but that's what I remembered .

 

[raysdad]

maybe no link, but thats why i want to open account to put ringgit ma.

Not sure if you are referring to MYR FDs which is currently paying 3 to 4+% for 1-5 years FDs. I had checked and some banks allow you to open up a FD account without the need for further documentation; just passport. Malaysia also have "SDIC" type of protection for deposits placed in each bank and I would recommend that we check their "SDIC" limit and place deposit within the range for added assurance.

 

[henrylbh]

Not sure if you are referring to MYR FDs which is currently paying 3 to 4+% for 1-5 years FDs. I had checked and some banks allow you to open up a FD account without the need for further documentation; just passport. Malaysia also have "SDIC" type of protection for deposits placed in each bank and I would recommend that we check their "SDIC" limit and place deposit within the range for added assurance.

Malaysia has PIDM that covers up to RM250k per depositor per member bank.

Make sure you retain your passport that was used to open any account, even if the passport has expired and been replaced. If you have not proven to the bank of change of passport number, you will still need the old passport to transact.

 

[raysdad]

Malaysia has PIDM that covers up to RM250k per depositor per member bank.

Make sure you retain your passport that was used to open any account, even if the passport has expired and been replaced. If you have not proven to the bank of change of passport number, you will still need the old passport to transact.

Thanks henrylbh, very helpful information.