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New fixed deposit promotion by OCBC Bank offers up to 1.7% p.a. interest starting 17 June 2025
OCBC Bank Singapore has revised its fixed deposit (FD) interest rates effective from 17 June 2025, providing customers with an opportunity to grow their savings with returns of up to 1.7% per annum. This updated promotion caters to both digital-savvy users and those who prefer traditional branch banking.
The latest offering, however, marks a slight drop in returns when compared to the previous promotion which offered rates as high as 1.85% p.a.
Fixed Deposit Interest Rates as of 17 Jun 2025
Below is a breakdown of the revised interest rates and applicable conditions under this promotion as of 17 June 2025:
| Currency | Tenor (months) | Banking type | Promotion interest rate a year | Minimum placement amount | Apply via |
|---|---|---|---|---|---|
| Singapore Dollar | 9 | Branch | 1.65% | S$30,000 | Any OCBC Branch |
| 12 | 1.60% | ||||
| Singapore Dollar | 9 | Online | 1.70% | S$30,000 | Internet Banking |
| 12 | 1.65% |
Customers are required to place a minimum of S$30,000 to qualify for this promotion. The maximum qualifying deposit is S$999,999. For amounts above S$1 million, clients are advised to contact the bank directly at 1800 363 3333 or visit their nearest OCBC Bank branch.
Note: This fixed deposit promotion is not applicable to Supplementary Retirement Scheme (SRS) funds.
How to Apply
To take advantage of these interest rates, individuals may apply online by visiting the OCBC Bank Fixed Deposit Account page. This convenient option is ideal for customers preferring to manage their finances digitally.
Those seeking comparisons across other banks and fixed deposit schemes can refer to this guide for more information.
With interest rates steadily adjusting across the financial sector, OCBC’s latest FD offer continues to remain competitive, particularly for customers with a conservative savings strategy looking for stable returns.
Act fast – these promotional rates may change depending on market conditions or quota fulfilment.
Summary of Key Details
- Effective Date: 17 June 2025
- Interest Rate Range: 1.60% p.a. – 1.70% p.a.
- Minimum Placement: S$30,000
- Maximum Placement: S$999,999
- Deposit Currency: Singapore Dollar
Plan ahead and explore this opportunity to make your savings work harder with OCBC.
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