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.
4% Interest for 12 Months Fixed Deposit
Promotion Period: This is an ongoing promotion that is valid until 30th April, 2017.
Particulars: You get 4% interest per annum for a 12 month fixed deposit or fixed deposit-i with OCBC.
Promotion Mechanics: When you make a minimum deposit of RM10,000 and a maximum deposit of RM10 million, you will get an interest rate of 4% p.a.
Terms and Conditions:
- The promotion is open to individual permanent residents, Malaysian residents, and non-residents.
- Fresh funds are required to be placed to avail the promotional rates.
- The interest will be credited to the eligible OCBC savings account or savings account-i.
- If the amount is prematurely withdrawn before the completion of the promotional tenure, penalties will be charged. No interest is paid if the amount is withdrawn before completion of 3 months. If you withdraw after 3 months, you will get 50% of the promotional rate for each completed month.
- This promotion is not valid with any other promotion offered by OCBC.
- OCBC reserves the right to change the terms and conditions.
Know more about : OCBC Fixed Deposits