OCBC S’pore Fixed Deposit Promo Rates Up To 1.4% p.a. as of 1 Sep 2026

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OCBC Bank Singapore is offering standard Personal Banking promotional Singapore Dollar Time Deposit (Fixed Deposit) rates of up to 1.40% p.a., with the highest listed rates available through online placement.

A minimum of S$20,000 in fresh funds is required for the promotion 🏦

The promotional table shows three tenors – six, 12 and 18 months – with online rates sitting 0.05 percentage point above branch rates for every listed tenor. Rates shown here are as at 1 Sep 2026. No promotion end date is available, so check the prevailing rate before confirming any placement.

For historical reference, the highest standard Personal Banking SGD promotional rate has risen from 1.15% p.a. in Mar 2026 to 1.25% from 16 Jun, 1.30% from 22 Jul and 1.40% from 1 Sep – a 0.25 percentage-point increase from the March level. Compared with the 22 Jul rates, both six-month rates are unchanged, while the 12- and 18-month branch and online rates have each increased by 0.10 percentage point.

OCBC SGD fixed deposit promotional rates 💰

Which standard OCBC Personal Banking tenor offers the highest rate? 🔎

The highest rate in the standard Personal Banking promotional table is 1.40% p.a., available online for both the 12- and 18-month tenors. With the annual rate identical, the practical difference is the lock-in period: a 12-month placement reaches maturity earlier, while an 18-month placement keeps the same annual rate locked for another six months.

For a shorter commitment, the six-month online rate is 1.25% p.a., compared with 1.20% p.a. at a branch. Across all three tenors, online placement adds 0.05 percentage point over the corresponding branch rate. Consider the required maturity date, near-term cash needs and the possibility that reinvestment rates may be different when a shorter tenor matures.

How to place an OCBC Time Deposit 🧾

Review the latest promotional details at the OCBC Time Deposit page. Placement can be completed digitally through Internet Banking or the OCBC app, or with assistance at any OCBC branch.

Digital placement requirement ⚠️: A new placement through the OCBC app or Internet Banking requires an OCBC Time Deposit Account. Existing OCBC current or savings account holders without one can open a Time Deposit Account through the OCBC app. New customers applying online must first open a 360 Account or another OCBC current or savings account, while branch account opening is also available.

Placement through the OCBC app 📱

1. Log in to the OCBC app.
2. Tap “More”, then “Accounts”, followed by “Time Deposit (SGD)” or “Time Deposit (Foreign Currency)”.
3. Enter the preferred Time Deposit amount, from S$20,000 to S$999,999 for the promotional online placement.
4. Select the tenor and displayed interest rate.
5. Select funding from an OCBC savings or current account.
6. Select the preferred maturity instruction.
7. Review the placement, Terms and Conditions, then slide right to place the funds.

These seven app steps appear in OCBC’s placement instructions, including the S$20,000 to S$999,999 online amount range.

Fresh-funds requirement and placement limits 📌

The promotion requires at least S$20,000 in fresh funds. OCBC defines fresh funds for this promotion as funds that are not transferred from existing OCBC Bank deposit accounts and are not provided through OCBC cheques, cashier’s orders or demand drafts. The maximum promotional placement is S$5,000,000 at branches and S$999,999 online.

For deposits above S$1 million, OCBC lists the Singapore hotline as 1800 363 3333 or a branch visit. Calls from overseas can be made to +65 6363 3333.

Promotion minimum versus normal account minimum 💡

There are two different minimums on the OCBC page, and the distinction matters. OCBC lists a general minimum placement of S$5,000 for an SGD Time Deposit account, while the promotional SGD rates above require S$20,000 in fresh funds. The S$20,000 requirement therefore applies when seeking the displayed promotional rates, rather than being the general minimum for every SGD Time Deposit.

Review the OCBC SGD Time Deposit promotional terms (PDF) before confirming a placement.

Eligible Singapore Dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per Scheme member. Splitting a larger sum across several OCBC accounts does not create a separate S$100,000 limit for each account. See the OCBC Deposit Insurance Scheme notice (PDF) for details.

Useful checks before locking in funds 🔍

• Match the tenor to expected cash needs: Pick a maturity date that leaves enough liquidity for planned expenses and emergencies.
• Compare online and branch rates: Online placement currently pays 0.05 percentage point more for each listed tenor.
• Confirm fresh-funds eligibility: At least S$20,000 must meet OCBC’s promotional fresh-funds definition.
• Check the final rate before submission: Review the tenor, principal, interest rate and maturity instructions on the confirmation screen.
• Consider staggering larger placements: Splitting funds across different maturity dates can create more regular access to cash, subject to the applicable promotional conditions.
• Compare other deposit offers: Review the Singapore deposit-rate comparison guide before committing, especially when flexibility, minimum deposits and promotional conditions differ.
• Early withdrawal has restrictions ⚠️: An SGD Time Deposit can generally be withdrawn before maturity, but less or no interest may be paid and an early-withdrawal fee may apply. Review the OCBC Time Deposit withdrawal FAQ before placing money that may be needed early.
• Renewal option: An eligible existing Time Deposit may be renewed at the prevailing promotional rate through OCBC Mobile Banking when the request is submitted 2 to 5 business days before maturity. The existing tenor must be offered under the promotion and the deposit must meet the applicable promotional minimum amount. The future promotional rate is not guaranteed to match the current rate.
• Important eligibility restrictions ⚠️: The promotion applies only to personal accounts held by individuals. Placements using SRS or CPF funds do not qualify, and the promotion is not valid together with other offers or promotions unless OCBC states otherwise.

The highest rate in OCBC’s standard Personal Banking SGD promotional table is 1.40% p.a. for online 12- and 18-month placements with at least S$20,000 in qualifying fresh funds. The better fit depends on the required maturity date and liquidity needs, while eligible customer segments such as SeniorCare or Premier Banking may have separate rates. Confirm the applicable customer segment, promotional rate and placement conditions immediately before committing the funds.

For the latest rates, eligibility requirements and placement details, visit the official OCBC Time Deposit page.

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