Originally Posted by
richwang
In Singapore, the bank deposit rate is about 0.x%, the housing loan rate is 1.x%, and CPF rate is 4.x% (for retirement).
In Malaysia, the bank deposit for MYR is about 3+%, the housing loan rate is about 5+%, and EPF rate is ONLY 6%.
And the long term exchange rate for SGDMYR=R will go up (unless leaders and voters are permenently becoming sily.)
So my preference is still to lock the money in SGD.
Thanks,
Richard
PS. If you really have that extra cash to spare, you can put into the CPF account for your wife, brothers, sisters and parents (up to S$120K?)