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OCBC Singapore latest fixed deposit scheme offers rates up to 2.8% p.a.
UPDATE 29 May: OCBC Bank Singapore Offers Up to 2.8% p.a. in Latest Fixed Deposit Promotion from 29 May
OCBC Bank Singapore is now offering customers up to 2.8% per annum. This limited-time offer, starting from 21 April 2024, is set to attract savers looking for secure and higher returns on their investments.
Amidst a volatile market, OCBC’s fixed deposit promotion comes as a beacon of stability for those seeking assured returns. The bank’s commitment to providing competitive rates ensures that customers’ savings not only grow but are also protected.
Enhanced Fixed Deposit Rates Effective 21 April 2024
The promotion includes interest rates for various tenures and banking types. Customers can enjoy a 2.50% interest rate per annum for a 6-month tenure when applying at any OCBC branch. However, those who opt for online banking are rewarded with a higher rate of 2.80% per annum for the same period.
| Currency | Tenure (months) | Banking type | Promotion interest rate a year | Minimum placement amount | Apply via |
|---|---|---|---|---|---|
| Singapore Dollar | 6 | Branch | 2.50% | S$30,000 | Any OCBC Branch |
| Singapore Dollar | 6 | Online | 2.80% | S$30,000 | Internet Banking |
| Singapore Dollar | 12 | Online | 2.80% | S$30,000 | Internet Banking |
The minimum placement amount required to enjoy this promotion is S$30,000, with the maximum placement capped at S$999,999 or its equivalent. For amounts exceeding S$1 million, customers are encouraged to contact OCBC at 1800 363 3333 or visit any OCBC Bank branch for personalized assistance. It is important to note that this promotion is not applicable for placements made through Supplementary Retirement Scheme (SRS) funds.
For further details on this promotion and to apply, interested individuals can click here. Additionally, those in search of the best fixed deposit rates in Singapore can explore various options here.
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