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OCBC Bank Singapore has refreshed its Singapore Dollar fixed deposit promotional rates, offering fixed returns of up to 1.30% p.a. across selected six-, 12- and 18-month tenors 🏦
Placements can be completed at an OCBC branch or digitally through Internet Banking and the OCBC app. A minimum of S$20,000 in fresh funds is required for the displayed promotional rates, making the offer more suitable for lump-sum savings that can remain untouched until maturity.
The online channel currently offers the highest rates, with 1.30% p.a. available for both the 12- and 18-month tenors. Branch placements offer up to 1.25% p.a.. No promotion end date appears in the supplied information, so confirm the prevailing rate before completing a placement.
Compared with the previous 16 Jun 2026 update, all four comparable 12- and 18-month promotional rates have increased. The branch and online 12-month rates rose by 0.10 percentage point, while the respective 18-month rates rose by 0.05 percentage point. Both six-month rates remain unchanged.
OCBC promotional fixed deposit rates as at 22 Jul 2026 💰
| Currency | Tenure | Banking channel | Promotional interest rate | Minimum fresh-funds placement | Placement method |
|---|---|---|---|---|---|
| Singapore Dollar | 6 months | Branch | 1.20% p.a. | S$20,000 | Any OCBC branch |
| 12 months | 1.25% p.a. | ||||
| 18 months | 1.25% p.a. | ||||
| Singapore Dollar | 6 months | Online | 1.25% p.a. | S$20,000 | Internet Banking or OCBC app |
| 12 months | 1.30% p.a. | ||||
| 18 months | 1.30% p.a. |
Where are the highest OCBC rates? 🔎
The highest listed OCBC Personal Banking rate is 1.30% p.a., available online for both the 12- and 18-month tenors. The 12-month option reaches maturity six months earlier, while the 18-month option keeps the same annual rate locked in for longer and produces more total interest when the same principal is held for the full tenor.
The online six-month tenor pays 1.25% p.a., 0.05 percentage point above the six-month branch rate. The preferred tenor therefore depends on the required maturity date, access to emergency funds and comfort with reinvestment-rate uncertainty when a shorter placement matures.
How to place an OCBC fixed deposit 🧾
- Online through Internet Banking or the OCBC app 💻📱: Visit the OCBC Time Deposit page to review the latest rates and access the available digital placement channels. An existing OCBC Time Deposit Account is required for a new placement through the app or Internet Banking.
- At an OCBC branch 🏦: Visit any OCBC branch for assisted placement. New customers opening an account at a branch should check OCBC’s supporting-document requirements beforehand, while existing customers can confirm what is needed for the intended transaction.
Placement through the OCBC app 📱
- Log in, tap “More” and select “Accounts”.
- Select “Time Deposit (SGD)”.
- Enter the placement amount and choose the preferred tenor.
- Select the maturity instruction.
- Review the amount, promotional rate and maturity details, then slide to confirm the placement.
Placement limits, fresh funds and exclusions 📌
The maximum promotional placement is S$5,000,000 at branches and S$999,999 online. For deposits above S$1 million, call OCBC locally at 1800 363 3333 or visit a branch. Calls from overseas can be made to +65 6363 3333.
Fresh-funds requirement: Qualifying funds must not be transferred from existing OCBC Bank deposit accounts or provided through OCBC cheques, cashier’s orders or demand drafts.
The promotion is for personal accounts held by individuals. Placements using Supplementary Retirement Scheme or CPF funds do not qualify. Review the OCBC SGD Time Deposit promotional terms (PDF) before completing a placement.
Deposit-insurance limit: 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. A placement above S$100,000 is not separately insured merely because it is split across several OCBC accounts. Read the OCBC Deposit Insurance Scheme notice (PDF) for details.
Useful checks before locking in the funds 💡
- Match the tenor to upcoming cash needs: Choose a maturity date that falls before major planned expenses. A longer tenor can produce more total interest, but the funds remain committed for a longer period ⏳.
- Compare online and branch rates: Digital placements currently pay 0.05 percentage point more than branch placements for every listed tenor.
- Confirm fresh-funds eligibility: The promotional rates require at least S$20,000 in qualifying fresh funds.
- Review the final confirmation screen: Promotional rates can change, so check the displayed rate, tenor, principal amount and maturity instructions before submission.
- Understand premature withdrawal terms: An early withdrawal may result in reduced or zero interest, and a fee may apply. Review OCBC’s time deposit FAQ for further details.
- Consider splitting a larger sum: Dividing savings across different maturity dates can provide more regular access to cash instead of locking the full amount into a single tenor.
- Compare alternatives: Check this Singapore deposit-rate comparison guide before committing, especially when flexibility, minimum deposits and other promotional conditions matter 🔍.
OCBC’s refreshed fixed deposit rates provide a straightforward option for placing at least S$20,000 in qualifying fresh funds at a known promotional rate. Online placements carry the highest listed OCBC Personal Banking rates at up to 1.30% p.a., while branch placements provide access to assisted service. Compare the tenor, total expected interest, maturity timing, deposit-insurance exposure and early-withdrawal conditions before confirming the placement.
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