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OCBC Bank’s latest fixed deposit promo sees reduced rates, as of 15 July 2025
In a recent update that reflects ongoing shifts in the savings landscape, OCBC Bank Singapore has revised its fixed deposit (FD) interest rates as of 15 July 2025. Customers can now enjoy returns of up to 1.5% p.a., depending on the tenor and method of application.
This new offering, although still attractive to cautious savers, signals a moderate dip from the 1.7% p.a. offered in the previous promotion launched on 17 June 2025.
Current Fixed Deposit Rates at a Glance (As of 15 July 2025)
Here’s a detailed breakdown of the revised interest rates and respective application channels:
| Currency | Tenor (months) | Banking type | Promotion interest rate a year | Minimum placement amount | Apply via |
|---|---|---|---|---|---|
| Singapore Dollar | 9 | Branch | 1.45% | S$30,000 | Any OCBC Branch |
| 12 | 1.40% | ||||
| Singapore Dollar | 9 | Online | 1.50% | S$30,000 | Internet Banking |
| 12 | 1.45% |
To qualify, a minimum placement of S$30,000 is required. Deposits are capped at S$999,999 for this promotional rate. Customers intending to deposit S$1 million or more should reach out to OCBC directly by calling 1800 363 3333 or by visiting the nearest branch location.
Important: This promotion excludes funds deposited under the Supplementary Retirement Scheme (SRS).
How to Apply for This Promotion
Eligible individuals can apply conveniently through the OCBC online platform via the Fixed Deposit Account portal. For those who prefer face-to-face transactions, all OCBC branches continue to support fixed deposit applications.
Prospective customers may also compare current FD offers across multiple banks using this comparison guide.
While the reduction from 1.7% to 1.5% p.a. may disappoint some savers, OCBC’s revised fixed deposit promotion still offers relatively secure and predictable returns in today’s market. These rates remain competitive for Singaporean consumers seeking low-risk, short- to medium-term placements. Customers are advised to act quickly, as these promotions may be revised again depending on economic trends or quota fulfilment. Ultimately, this new offer allows savers to continue making their funds work harder while balancing risk and reward.
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