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| Starts | 18 Aug 2023 (Fri) | Ends | 4 Sep 2023 (Mon) |
|---|---|---|---|
| Location | OCBC |
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Stretch your investment with potentially higher returns
The new OCBC Interest Rate Linked Structured Deposit gives you a fixed interest every 6 months until maturity, unless an Early Termination Event happens or if the deposit is early redeemed. The mechanics are shown in the table below:
Why you will love this
- Earn a minimum of 3.00% a year with the newly launched tranche
- Potentially higher returns than traditional time deposits
- Initial investment amount will be returned if held to maturity and the bank remains solvent
Note: There are elements of extra risks compared to a normal fixed deposit. Structured Deposits are NOT insured under the Deposit Insurance and Policy Owners’ Protection Schemes Act of Singapore. More risks info in the link below.
| Tranche | |||
|---|---|---|---|
| Mechanics | Tenor | 2 years | |
| Interest period (each period is 6 months) | 1st and 2nd period | 3.00% | |
| 3rd and 4th period | 3.05% | ||
Structured Deposits can be purchased using cash or Supplementary Retirement Scheme (SRS).
Offer period is from 18 August 2023 to 4 September 2023 (subject to availability)
For more info, click here.
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