Ocbc Fixed Deposit Promotion
Deposit Details
Promotions: Save. More reasons to save this new year. On a 10-month Singapore Dollar Fixed Deposit.T&Cs apply. Insured up to S$75k by SDIC. Earn a promotional interest rate of 0.40% p.a. on a 6-month US Dollar Fixed Deposit. Find out more.T&Cs apply. Chinese New Year Deposits Promotions Get cash rewards when you deposit funds from any other banks via FAST transfer, cheque, cash and more into your OCBC Passbook Savings, Statement Savings, Premier Statement Savings and Premier EasiSave accounts.
Promotional interest rate of 0.35% p.a. for 12-month Singapore Dollar Time Deposits Promotion is valid for deposits of $20,000 – $999,999
Premier customers can receive 0.40% p.a. for 12-month Singapore Dollar Time Deposits with minimum deposit of $50,000
The placement amount must be in fresh funds only (i.e. the fund must not be transferred from existing OCBC Bank deposit accounts or in the form of OCBC cheques/cashiers' order/demand drafts)
Different periods of up to 36 months available at other rates
Click here to go to OCBC website for fixed deposit promotion details
Click here to go to OCBC website for Premier customer fixed deposit promotion details
Historical Chart and Deposit Rates
* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure
OCBC current highest fixed deposit rate is 0.35% p.a. for 12 months tenure with minimum deposit of $20,000.
The current highest fixed deposit rate is a OCBC fixed deposit promotional rate
The current Money Lobang National Average Fixed Deposit Rates for March 2021 is 0.46% p.a.
The average monthly highest fixed deposit rate for OCBC since 2018 is 1.19% p.a.
OCBC runs fixed deposit promotional campaigns every month
Last month in December, I have placed a 6 months fixed deposit with CIMB Bank that gives me an interest rate of 1.80% p.a. The good news is that CIMB Bank has maintained its interest rate of 1.80% p.a. for its Chinese New Year Fixed Deposit Promotion. They are probably the only bank that maintain the high interest rate of 1.80% p.a.
While searching for Chinese New Year fixed deposit promotions, I found a promotion from OCBC that gives you vouchers instead of cash for a 6 month locked in period. The interest rate is 1.70% p.a. if you compare the value of the vouchers against cash. You can read more about it below.
The next good deal is from Hong Leong Finance where they maintain their interest rate of 1.73% p.a.
CIMB Fast Fixed Deposit Chinese New Year Promotion
Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 31st January 2020
The total interest that you will receive if you place S$20,000 for 12 months is S$360.
Ocbc Fixed Deposit Promotion
OCBC Bank Chinese New Year Deposit Promotion
Interest Rate: Not Applicable, Minimum Placement: S$10,000, Promotion Valid Until: 31st January 2020
As part of OCBC Chinese New Year promotion, receive S$85 NTUC FairPrice vouchers with every S$10,000 in fresh funds deposited into OCBC Passbook, Statement Savings, Premier Statement Savings and Premier Easisave accounts. The funds must be maintained for 6 months.
If you work backwards, the S$85 NTUC FairPrice vouchers is equivalent to an interest rate of 1.70% p.a based on a deposit of S$10,000 locked in for 6 months.
Hong Leong Finance
Interest Rate: 1.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
The total interest that you will receive if you place S$20,000 for 12 months is S$348.76.
Standard Chartered Bank (Singapore)
Interest Rate: 1.55%, Minimum Placement: S$25,000, Promotion Valid Until: 31st January 2020
Unless you are a priority banking customer, otherwise you get an interest rate of 1.55% p.a. for a minimum place of S$25,000 with Standard Chartered Bank.
The interest that you will get is S$322.92 based on an interest rate of 1.55% p.a. for a placement of S$25,000 for 10 months.
If you are a priority customer, the interest that you will get is S$343.75 based on an interest rate of 1.65% p.a. for a placement of S$25,000 for 10 months.
MayBank Singapore Dollar Time Deposit
Interest Rate: 1.60%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
Maybank has further reduced their fixed deposit interest rate from 1.80% to 1.60%. The total interest that you will receive if you place S$20,000 for 12 months is S$320.00. However, there are some catch should you choose to place your fixed deposit with MayBank
Ocbc Fixed Deposit Interest Rate
- You need to have a MayBank Current or Savings account.
- For every S$1,000 deposited into the CASA Account, S$10,000 can be placed into the Singapore Dollar Time Deposit, subject to a minimum of S$20,000 in Time Deposit and the corresponding minimum deposit of S$2,000 in the CASA Account.