Uh oh, the deal has ended
Don't miss out again, get the latest news via
| Starts | 29 Sep 2023 (Fri) | Ends | 10 Oct 2023 (Tue) |
|---|---|---|---|
| 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
The new OCBC Equity-Linked Structured Deposit gives you a fixed return of 2.00% after 1 year, with a bonus component of 3.50% upon the fulfilment of the bonus conditions. The mechanics are shown in the table below:
Why you will love this
- Earn a minimum of 2.00% 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 | 1 year | |
| Payout | Fixed | 2.00% | |
| Conditional bonus | 3.50% | ||
| Bonus condition | Payable if SSG:SP (OV8) ≥ 1.80 on observation date | ||
Structured Deposits can be purchased using cash or Supplementary Retirement Scheme (SRS).
Offer period is from 29 September 2023 to 10 October 2023 (subject to availability)
For more info, click here.
Leave a Reply