Uh oh, the promo has ended
Don't miss out again, get the latest news via
| Starts | 17 Oct 2023 (Tue) | Ends | 30 Oct 2023 (Mon) |
|---|---|---|---|
| Location | OCBC |
| We are now on Telegram. Click to join |
| We are now on WhatsApp Channel. Click to join |
Stretch your investment with potentially higher returns
Why you will love this
- Earn a minimum of 3.05% a year with 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
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:
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 | 3.05% | |
| 3rd and 4th period | 3.10% | ||
Structured Deposits can be purchased using cash or Supplementary Retirement Scheme (SRS).
Offer period is from 17 October 2023 to 30 October 2023 (subject to availability)
For more info, click here.
Leave a Reply