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OCBC Bank Singapore has refreshed its Singapore Dollar fixed deposit promotional rates, giving savers a simple way to lock in a fixed return over selected tenors 🏦
Promotional rates are available for placements made through OCBC branches, Internet Banking and the OCBC app, with rates going up to 1.25% p.a.. The minimum placement amount shown is S$20,000, making this more suitable for lump-sum savings that do not need to be used immediately.
For historical context, every comparable 12- and 18-month SGD promotional rate is higher than the previous 2 Mar 2026 update by 0.10 percentage point. Branch placements rose from 1.05% to 1.15% p.a. for 12 months and from 1.10% to 1.20% p.a. for 18 months, while online placements rose from 1.10% to 1.20% p.a. for 12 months and from 1.15% to 1.25% p.a. for 18 months.
OCBC promotional fixed deposit rates (as at 16 Jun 2026) 💹
| Currency | Tenor (months) | Banking type | Promotion interest rate | Minimum placement amount | Apply via |
|---|---|---|---|---|---|
| Singapore Dollar | 6 | Branch | 1.20% 💹 | S$20,000 | Any OCBC Branch |
| 12 | 1.15% 🔻 | ||||
| 18 | 1.20% 💹 | ||||
| Singapore Dollar | 6 | Online | 1.25% 💹 | S$20,000 | Internet Banking / OCBC app |
| 12 | 1.20% 💹 | ||||
| 18 | 1.25% 💹 |
How to place the fixed deposit 🧾
- Online via Internet Banking or OCBC app 💻📱: Place the fixed deposit through the OCBC Fixed Deposit Account portal. This is convenient for eligible savers who already have OCBC digital banking access and want to complete the placement without visiting a branch ✅.
- At an OCBC branch 🏦: Visit any OCBC branch for assisted placement. This can be useful when placing larger sums, checking account-linking matters, or getting help with deposit instructions ✍️.
Useful things to note before placing 💡
Placement limits and exclusions: The maximum placement amount is S$5,000,000 at branches and S$999,999 online. For deposits above S$1 million, OCBC directs customers to call 1800 363 3333 locally or visit an OCBC branch. For overseas calls, OCBC’s Personal Banking hotline is listed as +65 6363 3333. This promotion is not available for placements using Supplementary Retirement Scheme (SRS) funds.
- Pick a tenor that fits cashflow needs: Fixed deposits are generally meant to be held until maturity. A shorter tenor gives earlier access to funds, while a longer tenor keeps the money locked in for a longer period ⏳.
- Compare the available channels: The table shows different promotional rates for branch and online placements. The highest displayed rate is 1.25% p.a., available for the 6-month and 18-month online placements 💹.
- Prepare the minimum amount: The displayed promotional rates require a minimum placement of S$20,000.
- Check the final rate before confirming: Promotional fixed deposit rates may be revised, so it is worth confirming the rate on the placement screen or with branch staff before committing 📈.
- Understand early withdrawal implications: Early withdrawal may mean earning less or no interest, and an early withdrawal fee may apply. OCBC’s time deposit FAQ explains this in more detail 📌.
- Compare other deposit options: For a wider look at savings and deposit promos across banks in Singapore, refer to this comparison guide 🔎.
Overall, this OCBC fixed deposit promotion may suit savers who prefer a straightforward, predictable return on Singapore Dollar funds. Review the tenor, placement channel and access needs carefully before locking in the deposit, especially if the funds may be needed soon.
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