OCBC Bank is one of Singapore’s oldest banks established locally. OCBC Bank provides financial products and solutions tailored to the unique demands of Singapore citizens. The bank has expanded over the years through mergers and acquisitions and was named world’s strongest bank by Blomberg Markets magazine in 2011 and 2012. OCBC Bank’s foreign currency fixed deposit scheme comes with some exclusive benefits and features such as low initial deposit amount of 5,000 units and more.
As there are many Canadian nationals residing in Singapore, OCBC’s Canadian Dollar Fixed Deposit scheme is very useful for those who want to invest their extra earnings. Both Singapore citizens and foreign nationals are eligible to apply for OCBC Canadian Dollar fixed deposit account. However, you need to furnish documents such as NRIC for Singapore citizens and passport for foreign nationals while applying. Customers have the option of either applying online or they can visit the nearest bank branch and submit all the necessary documents.
Overview of Canadian Dollar Foreign Currency Fixed Deposit offered by OCBC Bank
Oversea Chinese Banking Corporation is one of the leading banks across the globe. The fixed deposit scheme offered by this bank comes with unique features and benefits. With OCBC foreign currency fixed deposit schemes, you can choose from a wide range of currencies. CAD or Canadian Dollar is one such currency that you can choose for your Oversea Chinese Banking Corporation foreign currency fixed deposit scheme.
You must understand that saving money is of great importance. Foreign currency fixed deposit schemes can be really helpful when you want to save money. The money that you invest stays safe with the bank. You can also earn substantial amount of interest on that placement. The tenures are flexible too.
OCBC Canadian Dollar fixed deposit interest rates
OCBC Bank offers Canadian Dollar fixed deposit at a rate of 0.5% for a tenure of one month to 0.74% for twelve months with an amount of up to 49,999 CAD.