To use money-changer, you must pick a date decisively, and subsequently refuse to give in to regret.

Every “3M parking in locker” leads to 1% lost interest .. i.e. opp cost. Also, you need a safe storage at home .. during those few months.

Default plan — deposit and pay 0.5% handling fee, a cost “recoverable” within 1.5 month, thanks to the current high-interest.

• Citi 0.5% (min USD 10) .. discontinued.
• .. CitiGold (250k) — 0.25% only.
• Hsbc Premier 0.75% (min USD 10)
• BOC 1%
• DBS, OCBC .. even worse

https://www.sc.com/sg/save/current-accounts/usd-high-account/ (priority clients) .. 1.5% waived 🙂

— Advantages of physical (instead of electronic) USD cash

• competitive FX rate at /ffP/. (Not so relevant when I have surplus SGD in the foreseeable future.)
• conserve the 50k/Y limit by China