OCBC is one of the reputed banks in Singapore which provides a wide range of financial products such as credit cards, loans, insurance policies, and other investment and savings related products. OCBC also provides fixed deposit account known as Time Deposit. OCBC facilitates deposit in Singapore dollar and foreign currencies. The various currencies in which you can deposit money include:
- USD - American Dollar
- AUD - Australian Dollar
- CAD - Canadian Dollar
- CNH - Chinese Yuan Offshore
- EUR - Euro
- HKD - Hong Kong Dollar
- JPY - Japanese Yen
- NZD - New Zealand Dollar
- GBP - Sterling Pound
- CHF - Swiss Franc
OCBC SGD Time Deposit Promotion
Enjoy promotional interest rates for SGD Time Deposit when you deposit at least S$20,000 for a tenure of 12 months or 24 months. If you place amount through Supplementary Retirement Scheme, this promotional interest rate is not applicable.
|Minimum Placement||Tenure||Promotional Rate|
|S$20,000||12 months||1.30% p.a.|
|S$20,000||24 months||1.45% p.a.|
OCBC Foreign Currency Time Deposit Promotion
Enjoy promotional interest rates up to 2.30% on this deposit account for selected foreign currencies. The currencies eligible for this promotion include AUD, USD and NZD. The table below gives the promotional interest rates for foreign currency Time Deposit:
|Foreign currency||Minimum placement||Tenure||Promotional interest rate|
|AUD||AUD 5,000||3 months||1.50% p.a.|
|12 months||1.95% p.a.|
|NZD||NZD 5,000||3 months||1.90% p.a.|
|12 months||2.10% p.a.|
|USD||USD 5,000||3 months||1.95% p.a.|
|12 months||2.30% p.a.|
Terms and Conditions
- Placements should be made at an OCBC Bank branch.
- You must deposit fresh funds only, which means you cannot withdraw and re-deposit the amount from your existing savings/current account.
- The maximum placement amount to be eligible for this promotion is S$999,999 or equivalent. For placement amount exceeding S$1 million, please contact the bank.
Eligibility to Apply For OCBC Fixed Deposit
The eligibility criteria for OCBC Fixed Deposit Accounts are:
- You must be minimum 18 years old.
- Singaporeans, Permanent Residents and foreigners are eligible.
OCBC Fixed Deposit Accounts
OCBC offers just one kind of fixed deposit account – the OCBC Time Deposit. You can make deposits not only in Singapore dollar but also in various foreign currencies. You can open a time deposit account either at an OCBC branch or through internet banking if you are already having an OCBC savings account or current account.