Longer tenors of 12 and 18 months are at 4.15 per cent. UOB, which was among the more aggressive banks with monthly deals last year, has maintained its promotional rates this month at a range of 3.55 to 3.95 per cent across varying tenors.ĭBS, Singapore’s largest bank, has largely refrained from jumping on the bandwagon of promotions, instead opting to raise its board rates or general fixed deposit rates thrice last year.Īt least two foreign lenders also increased their Singapore-dollar fixed deposit rates to more than 4 per cent as early as last month.Ī promotion on Malaysian bank CIMB’s Singapore website offers customers a rate of 4.05 per cent per annum for a nine-month fixed deposit. OCBC is the only local bank to have rates for fixed deposits above 4 per cent so far. “This is the highest Singapore-dollar time deposit interest rate we have offered to customers in recent history,” said OCBC Bank's head of deposits Na Kok Peng.Īn eight-month tenor was offered for the promotion as the number symbolises prosperity in Chinese, Mr Na said, adding that a shorter tenor also offers customers greater flexibility. The bank is also offering its Premier Banking and Premier Private clients a promotional rate of 4.18 per cent for an eight-month fixed deposit.

Non-360 customers get a rate of 3.88 per cent.

To make placement: Simply select “Service Requests” from the transaction menu.įor new customers: Click on “FD Account Opening” to make the placement.SINGAPORE: Interest rates for fixed deposits in Singapore are inching up above 4 per cent, as banks continue to dish out sweet deals amid a competition for cash.Īt OCBC, customers of the bank’s flagship 360 savings account can get a per-annum rate of 4.08 per cent for a minimum placement of S$20,000 over eight months as part of a Chinese New Year promotion rolled out this week. The Promotion is open only to all OCBC Bank’s Internet Banking Customers who are individual Malaysia residents.įD account opening and FD placement via OCBC Internet Banking are only applicable for accounts opened in single name only and not applicable for accounts opened in joint names. The FD placement amount under this Promotion is subject to the minimum of RM5,000 and the maximum of RM25,000. The board rate for 2-month FD as at 15 July 2012 is 2.85% a year. This promotion is valid from 1 August - 31 August 2012.Įarn more when you save in our Online Fixed Deposit. Just make an online transfer of funds from your Savings/Current account to your new FD account to enjoy thisĮxclusive privilege via OCBC Internet Banking only. Fast track to 4.5% a year with online FD placementĮnjoy exclusive 2 months Fixed Deposit interest rate of 4.5% a year when you place your fixed deposit via online.

Ocbc malaysia fixed deposit rates