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OCBC Bank’s updated fixed deposit promotion brings steady returns for savers, effective 12 Aug 2025
OCBC Bank Singapore has revised its fixed deposit (FD) interest rates, presenting an opportunity for individuals seeking a safe, predictable way to grow their savings. Customers can now enjoy competitive rates of up to 1.35% p.a. based on tenor and application channel, with options tailored for both in-person and online applicants.
Although this represents a moderate reduction from the previous 1.7% p.a. promotion launched on 15 July 2025, the offer still holds strong appeal for conservative investors prioritising capital security and guaranteed returns.
- Capital protection: Your principal remains intact, making it ideal for risk-averse savers.
- Guaranteed interest: Lock in rates of up to 1.35% p.a. for 9 or 12 months.
- Flexible application: Apply online for convenience or at any OCBC branch for personal assistance.
- Substantial cap: Place between S$30,000 and S$999,999 to qualify for the promo rates.
Revised Fixed Deposit Rates (As of 12 Aug 2025)
Here’s a clear snapshot of the updated rates:
| Currency | Tenure (months) | Banking type | Promotion interest rate a year | Minimum placement amount | Apply via |
|---|---|---|---|---|---|
| Singapore Dollar | 9 | Branch | 1.30% | S$30,000 | Any OCBC Branch |
| 12 | 1.30% | ||||
| Singapore Dollar | 9 | Online | 1.35% | S$30,000 | Internet Banking |
| 12 | 1.35% |
The minimum placement amount for the above SGD promotion is S$30,000. The maximum placement amount for this Time Deposit promotion is S$5,000,000 or its equivalent, when you place your deposit at OCBC branches. For online placement, the maximum placement amount is S$999,999. For deposits above S$1 million, please contact OCBC at 1800 363 3333 or visit any OCBC Bank branch. This promotion is not available for placements via Supplementary Retirement Scheme (SRS) funds.
How to Apply
- For online applications, visit the OCBC Fixed Deposit Account portal.
- For in-branch applications, approach any OCBC branch to speak with a customer service representative.
Those exploring multiple FD options can use this comprehensive comparison guide to evaluate current offers across various banks.
While the rates have dipped slightly from the July offer, OCBC’s current fixed deposit promotion remains a compelling choice for those prioritising stability, predictable growth, and flexible application channels. For Singapore savers who value peace of mind and reliable returns, locking in this offer before further rate adjustments could be a prudent move.
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