• OCBC Bank Fixed Deposit

    Fixed deposits are great way to freeze your savings for a certain period and earn interest charges. This investment apparatus locks a fixed amount of money for a tenor chosen by you and disburses the principal and interest upon maturity. Unlike other risk based investment products in the market, with a fixed deposit, your money is secured during the tenor. Fixed deposit is also known as time deposit.

    Fixed deposits are highly recommended by investment advisors as it comes nearly at “zero” risk since it is not linked to market performance. It also acts like a piggy bank for your short term goals which require financial impulse. As a part of its investment products portfolio, OCBC offers time deposits in both SGD and international currencies.

    About OCBC Bank

    OCBC in Singapore extends a massive range of banking and financial services in areas of retail banking, corporate banking, investment banking, wealth & asset management and insurance products. In the consumer banking sphere, it is one of the top three institutions in the country.

    OCBC (Oversea-Chinese Banking Corporation Limited) is a Singapore headquartered multinational banking and financial services firm founded in 1932. Listed on Singapore Exchange, OCBC is one of the biggest banking institutions in the country. It has assets worth over 224 billion SGD. The bank maintains a dominant position in Southeast Asia with branches in Indonesia, Malaysia, China, Hong Kong along with Australia & New Zealand in Oceania.

    About OCBC Bank Fixed Deposit Singapore

    The bank lets you easily place monies in fixed deposit instruments. As highlighted earlier, you can invest in SGD or major foreign currencies such as USD, Australian & New Zealand Dollar. Stay invested with as less as S$5,000 that can go up to S$999,999 which earns fixed interest at the rate of up to 1.40% pa. The bank also lets you invest S$1 Million and above under special schemes. By investing a minimum amount of S$20,000 for a 12 month tenor, you will be eligible for interest charges at the rate of 1.40% pa.

    Why choose OCBC Fixed Deposit?

    The bank offers time deposit schemes at appealing interest rates, backed by mobile apps and online tools to help you in managing the deposit account. Stay invested for up to 36 months and earn an interest at a rate as high as 1.40% pa.

    Features and Benefits of OCBC Fixed Deposit

    Ocbc Fixed Deposit

    Ample Investment Bandwidth

    Starting at just S$5,000, you can invest up to S$999,999 in fixed deposit schemes from the bank. This kind of range gives you the freedom to choose how much you would like to invest. OCBC goes an extra mile by accepting investments of more than S$1 Million at branches.

    Interest Rates on par With Market Standards

    By investing S$20,000 and above for a period of one year, you can be eligible for interest rate of 1.40% p.a. Also earn attractive interest for various slabs of placement period and amounts.

    Vast Placement Period

    You can also choose a placement period starting at one month which can stretch up to 36 months. This arrangement gives you sufficient room in choosing a placement period that suits your need.

    Multi-Currency Options

    OCBC also lets you to invest in foreign currencies which includes USD. With a minimum of 5,000 units in respective currency, you can invest monies up to S$999,999 equivalent. Foreign currency time deposits will fetch more interest compared to Singapore Dollar. Placement periods are available in 3 and 12 month slabs for all foreign currency investments. Interest rates are subjected to periodic revision.

    Track and Manage Accounts Online

    With a variety of online & mobile banking options from OCBC, track and manage your investments in a secure environment. Also, the bank has over 16 branches across the country that are open on Sundays. If your weekdays are hectic, walk into the nearest branch for account servicing.

    OCBC Fixed Deposit - Eligibility

    Singaporeans, Singapore PRs and Foreigners above the age of 18 are eligible to apply.

    Minimum Initial Deposit

    The minimum placement amount is S$20,000. For amount over S$1 million, contact the nearest branch for opening an account.

    Fees & Charges

    A premature withdrawal fee is applicable for early termination of the time deposit account.

    OCBC Singapore Dollar Fixed Deposit Interest Rate 2017

    Amount

    1-2 months (Interest p.a.)

    3-5 months

    (Interest p.a.)

    6 months

    (Interest p.a.)

    7-8 months

    (Interest p.a.)

    9-11 months

    (Interest p.a.)

    12-14 months

    (Interest p.a.)

    15 months

    (Interest p.a.)

    18 months

    (Interest p.a.)

    24 months

    (Interest p.a.)

    36 months

    (Interest p.a.)

    48 months

    (Interest p.a.)

    S$5,000 – S$20,000

    0.05%

    0.1%

    0.15%

    0.15%

    0.2%

    0.25%

    0.25%

    0.5%

    0.55%

    0.65%

    0.95%

    S$20,000 – S$50,000

    0.05%

    0.1%

    0.15%

    0.15%

    0.2%

    0.25%

    0.25%

    0.5%

    0.55%

    0.65%

    0.95%

    Amount

    1-2 months

    (Interest p.a.)

    3-5 months

    (Interest p.a.)

    6 months

    (Interest p.a.)

    7-8 months

    (Interest p.a.)

    9-11 months

    (Interest p.a.)

    12-15 months

    (Interest p.a.)

    18 months

    (Interest p.a.)

    24 months

    (Interest p.a.)

    36 months

    (Interest p.a.)

    >S$50,000 – S$99,999

    0.05%

    0.1%

    0.15%

    0.15%

    0.2%

    0.25%

    0.5%

    0.55%

    0.65%

    S$100,000 – S$249,999

    0.05%

    0.1%

    0.15%

    0.15%

    0.2%

    0.25%

    0.5%

    0.55%

    0.65%

    S$250,000 – S$499,999

    0.05%

    0.1%

    0.15%

    0.15%

    0.2%

    0.25%

    0.5%

    0.55%

    0.65%

    S$500,000 – S$999,999

    0.05%

    0.1%

    0.15%

    0.15%

    0.2%

    0.25%

    0.5%

    0.55%

    0.65%

    OCBC Foreign Currency Fixed Deposit Interest Rate Singapore (USD)

    Amount

    1 months

    (Interest p.a.)

    2 months

    (Interest p.a.)

    3 months

    (Interest p.a.)

    5 months

    (Interest p.a.)

    6 months

    (Interest p.a.)

    7 months

    (Interest p.a.)

    8 months

    (Interest p.a.)

    9 months

    (Interest p.a.)

    12 months

    (Interest p.a.)

    $49,999

    0.84%

    0.85%

    0.87%

    0.87%

    0.88%

    0.89%

    0.91%

    0.93%

    0.98%

    $50,000 - $99,999

    0.89%

    0.90%

    0.92%

    0.93%

    0.94%

    0.96%

    0.98%

    1.00%

    1.06%

    $100,000 - $249,999

    0.94%

    0.96%

    0.98%

    0.99%

    1.01%

    1.03%

    1.05%

    1.07%

    1.13%

    $250,000 - $499,999

    0.99%

    01.01%

    1.04%

    1.06%

    1.07%

    1.09%

    1.11%

    1.14%

    1.21%

    Above $500,000

    1.04%

    1.06%

    1.09%

    1.12%

    1.14%

    1.16%

    1.18%

    1.21%

    1.29%

    OCBC Foreign Currency Time Deposit Interest Rate (Australian Dollar)

    Amount

    1 months

    (Interest p.a.)

    2 months

    (Interest p.a.)

    3 months

    (Interest p.a.)

    5 months

    (Interest p.a.)

    6 months

    (Interest p.a.)

    7 months

    (Interest p.a.)

    8 months

    (Interest p.a.)

    9 months

    (Interest p.a.)

    12 months

    (Interest p.a.)

    $49,999

    0.36%

    0.37%

    0.38%

    0.42%

    0.42%

    0.44%

    0.45%

    0.47%

    0.51%

    $50,000 - $99,999

    0.56%

    0.58%

    0.59%

    0.63%

    0.64%

    0.66%

    0.68%

    0.70%

    0.74%

    $100,000 - $249,999

    0.76%

    0.78%

    0.8%

    0.85%

    0.86%

    0.88%

    0.90%

    0.92%

    0.98%

    $250,000 - $499,999

    0.96%

    0.99%

    1.01%

    1.06%

    1.08%

    1.10%

    1.13%

    1.15%

    1.22%

    Above $500,000

    1.15%

    1.19%

    1.22%

    1.28%

    1.30%

    1.32%

    1.36%

    1.38%

    1.46%

    OCBC Foreign Currency Time Deposit Interest Rate (Chinese Yuan)

    Amount

    1 months

    (Interest p.a.)

    2 months

    (Interest p.a.)

    3 months

    (Interest p.a.)

    5 months

    (Interest p.a.)

    6 months

    (Interest p.a.)

    7 months

    (Interest p.a.)

    8 months

    (Interest p.a.)

    9 months

    (Interest p.a.)

    12 months

    (Interest p.a.)

    <=249,999

    0%

    0%

    0%

    0%

    0.17%

    0%

    0%

    0.24%

    0.31%

    250,000 - 499,999

    0%

    0%

    0.09%

    0%

    0.35%

    0%

    0%

    0.43%

    0.50%

    500,000 - 999,999

    0%

    0%

    0.16%

    0%

    0.42%

    0%

    0%

    0.5%

    0.57%

    1,000,000 – 2,49,999

    0%

    0%

    0.23%

    0%

    0.49%

    0%

    0%

    0.57%

    0.65%

    Above 2,500,000

    0%

    0%

    0.3%

    0%

    0.56%

    0%

    0%

    0.64%

    0.72%

    OCBC Foreign Currency Time Deposit Interest Rate (GBP)

    Amount

    1 months (Interest p.a.)

    2 months (Interest p.a.)

    3 months (Interest p.a.)

    5 months (Interest p.a.)

    6 months (Interest p.a.)

    7 months (Interest p.a.)

    8 months (Interest p.a.)

    9 months (Interest p.a.)

    12 months (Interest p.a.)

    First 49,999

    0%

    0.1%

    0.08%

    0%

    0%

    0%

    0%

    0%

    0%

    50,000 - 99,999

    0%

    0.1%

    0.09%

    0%

    0%

    0%

    0%

    0%

    0%

    100,000 - 249,999

    0%

    0.1%

    0.09%

    0%

    0%

    0%

    0%

    0%

    0%

    250,000 - 499,999

    0%

    0.1%

    0.1%

    0%

    0%

    0%

    0%

    0%

    0%

    Above 500,000

    0%

    0.1%

    0.11%

    0.01%

    0%

    0%

    0.1%

    0.01%

    0.03%

    OCBC Foreign Currency Time Deposit Interest Rate 2017 (Hong Kong Dollar)

    HKD deposits don’t earn any interest with OCBC as of now.

    OCBC Foreign Currency Time Deposit Interest Rate 2017 (Euro)

    Euro deposits at OCBC don’t earn any interest as of now.

    OCBC Fixed Deposit Schemes

    Singapore Dollar Time Deposit

    • You can choose a tenure of your choice – FD periods range from 1 month to 48 months.
    • You can make premature withdrawals from your FD account. However, you will earn no interest in some cases and lesser interest in all other cases.
    • The minimum amount that needs to be deposited is S$5,000.
    • You need to be at least 18 years of age to open an FD account with OCBC.

    Foreign Currency Fixed Deposit Account

    • You can choose from several currencies offered by OCBC.
    • The rates are subject to change at the discretion of the bank.
    • All Singaporean citizens, Permanent Residents and Foreigners can invest in the Foreign Currency Deposit Account. The minimum age to qualify is 18 years.

    Other Products offered by OCBC Singapore

    OCBC Fixed Deposit FAQs

    1. I would like to open a Time Deposit account to mobilise savings. What are my options to open an account since I am busy on weekdays and would not be able to visit a branch?
    2. 16 full services OCBC branches are open on all Sunday’s between 11 AM to 7 PM. You can visit the nearest branch to open a Time Deposit account.

      Existing FD customers can also open and service their accounts online.

    3. Which tenure option provides me the best interest rate for a Fixed Deposit?
    4. The 12 month tenor option fetches the highest interest charges at 1.40% pa.

    5. Is there is a way I can track and manage my FD with OCBC?
    6. You can manage your account by means of Online Banking and also by downloading the banking app available for Android and iOS based smartphone devices.

    7. Can I take a loan on the amount in my Foreign Currency Fixed Deposit Account?
    8. If you are residing in Singapore and you wish to take a loan against the amount in your FD account, you can. You will need to contact the bank for the same.

    9. Will I have to pay tax on interest earned in my Foreign Currency FD Account?
    10. Yes, you will have to pay withholding tax or income tax if you are a non-Singaporean. This is also true for interest earned on all Foreign Currency FD accounts.

    11. Is the Deposit Insurance Scheme applicable to Foreign Currency FD accounts?
    12. No, the scheme isn’t applicable to Foreign Currency FD accounts. It is only applicable to SGD FD accounts up to S$50,000.

    13. Does the bank offer the Deposit Insurance Scheme?
    14. No, it is offered by the Singapore Deposit Insurance Corporation, and is regulated by the central bank Monetary Authority of Singapore (MAS).

    15. Can I make deposits of shorter durations than 1 month?
    16. You’ll have to contact the bank for shorter tenures of term deposits.

    News About OCBC Fixed Deposit

    • Q2 earnings of UOB boosted by trading activities

      According to a report, the trading activities performed well and boosted the earnings of United Overseas Bank in its second quarter. United Overseas bank or UOB is one of the largest in Singapore. It witnessed a profit rise by 5.1 % making it a huge total of S$801 million for a period of 3 months. This rise was measured when compared to the same period, last year. The average forecast for this year was S$769 million, which was easily defeated. Wee Ee Cheong spoke about the competitive loan pricings and short term rates of interest.

      Non-interest income was the standout performer which saw a growth of 13.9 % making it a lump sum of S$813 million. This was a result of the strong and successful trading activities. The commission income and the fee went up by 2 % making it a total of S$475 million. This happened because of the fees associated with the credit cards and greater wealth management. During the first half, the net profit experienced a growth that was marginal (0.2 %) making it a total of S$1.57 billion. The total income went up by 2.8 % making it a total of S$3.99 billion. According to Mr. Wee, the balance sheet and the financial position of the bank remains strong despite all the volatility in the financial market, concerns regarding gas and oil, Brexit, etc. The second quarter witnessed a growth of 1.4 %. Last year’s second quarter witnessed a growth of 1.2 %. The quarterly earnings for every share went up from S$1.84 to S$1.94 and the asset value went up from S$17.71 to S$18.16. Mr. Lee stated that winding up of Swiber Holdings will also be monitored closely. According to him, things were manageable and there were no concerns at all.

      02nd August 2016

    • OCBC Claims To Have Taken Lead in the Bancassurance Market in 2015

      OCBC Bank, one of the leading names in the field of bancassurance in Singapore, has claimed that its market share of bancassurance products has surpassed that of DBS Bank in the 3rd quarter of 2015. The bank experiences a surge in its sale of insurance products and its market share has increased to 34 percent. OCBC is one of the banks in Singapore that has pioneered bancassurance and has been one of the market leaders in this field for the last 14 years. The total weighed premium of the bank exceeded S$100 million.

      The insurance subsidiary of OCBC Bank works in partnership with Great Eastern insurance company and provides a wide range of insurance products. In the first 9 months of 2015, OCBC Bank has been able to bring in S$250 million worth of total weighted premiums.

      20 November 2015

    • Bloomberg ranks OCBC as third strongest bank in the world

      OCBC ranked third amongst the world’s strongest banks by Bloomberg Markets Magazine. Two other big banks of Singapore’s ranked amongst the world’s top 10 strongest banks. DBS ranked 9th and UOB ranked 10th. This has marked the fourth time in the last five years that the three Singapore banks ranked amongst the strongest banks in the world according to the annual Bloomberg ranking. The banks in Singapore are renowned for their resilience and strong hold in the market. The banks are financially sound owing to strict regulations on the financials of the banks as well as the access of credit on the borrowers’ end.

      The bank that topped the list was Hong Kong’s Hang Seng Bank for the second year in a row. The second spot was taken by Japan’s Norinchukin Bank. It tied for the same position last year.

      The Bloomberg ranking evaluates public and private lenders on the basis of five weighted financial indicators. 40% of the banks’ scores were determined by the ratio of Tier 1 capital to risk-weighted assets. 20% accounted for the ratio of total assets to nonperforming assets. Another 20% went to the ratio of reserves for loan losses to nonperforming assets. 15% was based on the ratio of deposits to funding. The remaining 5% was based on the efficiency ratio which is a comparison of costs with revenue.

      30 July 2015

    • OCBC Is Now Offering Higher Interest Rates for Fixed Deposit

      The upcoming launch of savings bonds in Singapore and the fact that there are now stricter rules about the amount of capital banks can held have prompted the banks to offer promotional interest rates with fixed deposit schemes. Lack of deposit funds is another reason that might have prompted the banks to take this step so that they can get a competitive advantage and will be able to lure the customers to deposit cash with them. The Singapore savings bonds are likely to create a lot of competition for banks that offer time deposit schemes as they are likely to offer better interest rates and a lot of other benefits.

      Now, customers can enjoy an interest rate of 1.5 percent by depositing an amount of S$25,000 for a period of 12 months with OCBC. Earlier, the bank was offering an interest of 1.40 percent per annum, for depositing S$20,000 for a period of 1 year. The different time deposit schemes offered by the bank allow the customers to deposit a minimum amount of S$5,000, up to a maximum amount of S$999,999. The customers can avail placement periods of 1 month – 36 months.

      Singapore Bonds will be available to Singaporeans starting October and they will offer them with a long-term investment option as they come with a term of up to 10 years. They will also offer better interest rates to the customers, in comparison to the various deposit schemes available in the country. Hence, banks such as OCBC are coming up with promotional interest rates for making sure that the customers are willing to invest on OCBC fixed deposit schemes.

      23 July 2015

    Fixed Deposits from Top Banks
    Foreign Currency Fixed Deposits from Top Banks
    Currency Specific Fixed Deposit
    US Dollar Foreign Currency Fixed Deposit by Bank
    Australian Dollar Foreign Currency Fixed Deposit by Bank
    GBP Foreign Currency Fixed Deposit by Bank
    NZD Foreign Currency Fixed Deposit by Bank
    Euro Foreign Currency Fixed Deposit by Bank
    Canadian Dollar Foreign Currency Fixed Deposit by Bank
    Fixed Deposit Promotion by Banks
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