Ocbc Fixed Deposit Promotion
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Deposits have a much lower risk as compared to other volatile products. They offer a better peace of mind and a higher level of assurance that your money will always be there
- OCBC fixed deposit rates (Jan 2021) OCBC fixed deposit interest rates are lower than UOB’s, offering 0.45% p.a. For minimum $20,000 deposit for at least 12 months. RHB fixed deposit rates (Jan.
- If you die-die want to go with a local bank, UOB’s fixed deposit promotion is slightly better (1.60% p.a. $20,000 deposit, 10 months tenure). OCBC fixed deposit vs OCBC 360 savings account. So, you’ve got some cash lying around and want to get a better interest rate on it. Well, a fixed deposit with OCBC might not be the best option.
- OCBC Online Fixed Deposit Promotion (FPX)/21Dec2020/v1. Upon maturity of the promotional FD tenures, the promotional interest rate will cease to apply and the FD will be automatically renewed with a similar tenure at the prevailing board rate. If any FD amount is prematurely withdrawn from the FD before the completion.
The current highest fixed deposit rate is a OCBC fixed deposit promotional rate The current Money Lobang National Average Fixed Deposit Rates for February 2021 is 0.47% p.a. The average monthly highest fixed deposit rate for OCBC since 2018 is 1.23% p.a. OCBC runs fixed deposit promotional campaigns every month.
Note: Terms & conditions apply for the following promotions. Be sure to read in detail before going in for it.
In a heavily summarised definition:
- Fixed / Time deposits require you to place funds (usually fresh funds) in a account for a specified amount of time
- Incremental balance promotions require you to increase your average balance of your account from a defined period with fresh funds.
- Fresh funds refer to funds transferred from accounts outside the bank. Over-the-counter or machine cash deposits are usually fine too but do take note banks may charge for large cash deposits
New promotions are added to the bottom of the list
- Singapore Savings Bonds – Government Security; High p.a.; Min $500; Requires free CDP account; No penalty for early withdrawal; Interest payments every 6 months after issuance
- Maybank: Earn up to 1.0% p.a. with their latest time deposit rates from 2 October 2020**BEST for funds up to $1m**
- HSBC offers 1.10% p.a. for 24-mth Singapore Dollar Time Deposits (as of 2 Oct 2020)**BEST for funds up to $49,999**
- Singapore Savings Bond (SSB): Earn up to 0.97% p.a. in the latest bond – Apply by 23 Feb**BEST for lowest risk deposit up to $200,000**
Last updated 7 Feb 2021. Click these links for latest Fixed Deposit or Time Deposit Promo
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Ocbc Fixed Deposit Promotion Rate
Dear readers, OCBC is now having a Chinese New Year promotion called the OCBC DEPOSITS CHINESE NEW YEAR PROMOTION 2020! For every $10,000 deposited in fresh funds into your OCBC savings account, you will receive SGD 85 dollars worth of NTUC Fairprice vouchers!
I think this latest promotion from OCBC is an attractive one as ittranslates into a 1.70% per annum return which is higher than the 1.52% perannum return for the January 2020 Singapore Savings bonds or the 1.54% perannum February 2020 Singapore Savings bond. And the good thing is that saversreceive the interest in the form of the NTUC Fairprice vouchers with just asix-month holding period.
SG Stocks Investing readers, let us do something to help many who need assistance, find out here
This is not the first time OCBC has such a Chinese New Yearpromotion. Last time, OCBC’s Chinese New Year 2019 promotion offered $110 worthof NTUC Fairprice vouchers for every SGD $10,000 fresh funds deposited into anyOCBC Savings accounts (which is effectively a 2.20% per annum returns) and I hadparticipated in the promotions back then.
Thjs time round, I had less liquidity to deploy into OCBC Depositssince most of my capital has been deployed to form a “war chest” which will beactivated once the stocks markets present the most opportune time forinvesting.