25-11-2022, 01:05 PM
(13-11-2022, 04:53 PM)sgh Wrote: After some research decide to apply for ICBC fixed deposit account which come with current account and is multi-currency. No monthly fall below fee no minimum monthly balance but have dormant fee if no txn for one year. Except for this con think all is fine.
I like the minimum placement of $500. What this mean is you can create multiple placement each $500. Advantage is along the way if better rates appear you can terminate via the mobile app easily slowly one by one and since each placement is $500 you don't lose much even if penalty is levied.
Due to constant change of FD rate nowadays a lot of ppl put and terminate FD and for some banks terminate is tedious got penalty need go to branch etc so this is a point to take note. What is highest interest now can go higher within a month sometimes!
you mean the minimum amount to open an account if just 500 bucks ?..........
how exactly do you open a FD account with a different bank ? ..................i only have POSB account leh.............