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You should also visit the bank if you plan on placing more than S$1,000,000.With secured returns come greater peace of mind. Plus, if you are plan to open multiple deposit accounts, the bank offers safe and easy multiple account opening as well. OCBC fixed deposit really got you covered for easy account opening you can apply for this deposit account opening online. For money amount over that, then you should directly come to the bank to discuss about this. is offered for the first category of deposited money (S$5,000 – S$20,000). while for other amount over, the board rate is only 0.20%p.a. The same minimum amount of money should be deposited. The board rate for these tenures is 0.20% p.a. for all amount of money with a minimum deposit of S$5,000. There’s a slight increase of rate here the board rate is 0.10% p.a. for all amount of money starting from S$5,000. The board rate (the interest rate) for this tenure is 0.05% p.a. In OCBC, the tenure available for fixed deposit are as follows: As mentioned earlier, tenure is the length of a fixed deposit account in which you cannot withdraw any or all of your money. When it comes to fixed deposit, then the popular term used is tenure. Willing to comply with some rules about fees and charges required for account opening.Willing to comply with the minimum amount of deposit, which is S$5,000.Additional documents that show you about your residential address, for example:.For foreigners: passport plus a valid pass (Student Pass, Employment Pass).Singaporeans and Singapore Permanent Residents (PRs): NRIC.Able to provide these documents required below:.The account holder should be at least 18 years old,.Everyone who is able to comply with these requirements will be granted the chance to save their money on OCBC deposit. Eligibility and Deposit Requirementsīefore opening an account, it’s better to know whether you are eligible or not for being an account holder of OCBC fixed deposit. The total months of deposit vary, depending on each bank’s provision, although for many, it ranges from 1 month to the maximum 48 months. Tenure is defined as a certain time limit for the money to be deposited. A fixed deposit is also called as time deposit, meaning that the deposit account holder should not withdraw any of all their deposit money before the tenure ends.

Ocbc fixed deposit rate may 2023