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OCBC Bank Singapore has refreshed its promotional fixed deposit rates, offering a straightforward way to earn a fixed return over a chosen tenor
Depending on placement channel (online vs branch) and tenor, promotional rates go up to 1.15% p.a. 💹.
Compared with the previous 16 Jan rates, the latest promo rates are lower.
Quick highlights 📌
- Minimum placement: S$20,000 ✅
- Maximum placement: S$5,000,000 (branch) 🏦; S$999,999 (online) 💻
- Need help for larger placements (e.g., above S$1 million)? Call +6563633333 (overseas) 📞 or +6518003633333 (Singapore) 📞, or visit any OCBC branch 🏦
- Not applicable for SRS funds ⚠️
OCBC promotional fixed deposit rates (as at 2 Mar 2026) 💹
Rates differ by tenor and placement type. Online placements currently offer the best headline rate for the 18-month option 💻💹.
| Currency | Tenor (months) | Placement type | Promotional interest rate (p.a.) | Minimum amount | Application channel |
|---|---|---|---|---|---|
| Singapore Dollar | 12 | Branch | 1.05% | S$20,000 | Any OCBC Branch |
| 18 | 1.10% | ||||
| Singapore Dollar | 12 | Online | 1.10% | S$20,000 | Internet Banking |
| 18 | 1.15% |
How to apply 🧾
- Online (Internet Banking) 💻: Place via the OCBC Fixed Deposit Account portal. Online placement may be the simplest route for qualifying amounts and tenors ✅.
- In-branch (assisted) 🏦: Head to any OCBC branch for staff support – useful for larger sums, account linking questions, or prefer-to-sign-in-person arrangements ✍️.
Also available via OCBC app 📱
Helpful notes before placing 💡
- Match tenor to cashflow needs: Fixed deposits are meant to be held to maturity. Shorter tenors offer earlier access; longer tenors may provide a higher promo rate (as shown above) ⏳.
- Promo rates can change: Banks may revise rates anytime; confirm the displayed rate at placement time 📉/📈.
- Plan the placement channel: Online vs branch caps differ (S$999,999 online vs S$5,000,000 in-branch), so select the channel that fits the intended amount 💻🏦.
- Compare other promos: For more options across banks, refer to this comparison guide 🔎.
Bottom line 💬: OCBC’s latest fixed deposit promo (as at 2 Mar 2026) offers up to 1.15% p.a. 💹, with the top rate currently via online placement for 18 months. Consider the tenor, placement channel limits, and liquidity needs, then place via Internet Banking or at a branch for assisted service 🏦✅.
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