This bank started operations in 1932 in Singapore and is now the longest established bank in Singapore and has acquired assets above and beyond the realm of banking to provide financial solutions to its large base of customers. The innovative banking solutions offered by OCBC cater to consumer banking, business banking and investment banking. Recently, in 2008 OCBC introduced the OCBC Al-Amin Islamic banking wing which offers Shariah Compliant banking products to consumers and also have a treasury division that allows customers to invest their funds and hedge their exposure and assists customers in managing market risks in foreign exchange and interest rates.
Investment options offered by OCBC include fixed deposits which is a safe bet for first time investors as well as the more experienced investors. These deposits are safe, require no hands on involvement and are hassle free. They guarantee a return upon the vesting period and offer attractive interest rates. These fixed deposits are further clubbed with promotional offers. These offers are designed to attract new customers or fresh funds from existing customers and offer attractive interest rates on fixed deposits. Along with more competitive rates, these offers also provide varying tenure options with lower minimum deposit amounts making it easier for inflow of fresh funds.
One such promotional offer on fixed deposits from OCBC is the Online fixed Deposit Exclusive offer wherein customers can avail an online fixed deposit which offers attractive interest rates of 4.50% for a tenure of 12 months or 4.30% for a tenure of 6 months. These rates and tenures are applicable only for fresh funds and on conventional fixed deposits. The minimum deposit amount for both tenure options is RM 10,000 with the maximum deposit amount going up to RM 10 Million.
Know more about : OCBC Fixed Deposits