OCBC

OCBC MYR Fixed Deposit

Tuck your spare cash away in an OCBC MYR Fixed Deposit account and watch your wealth grow into a wonderful nest egg of savings!

  • You DepositDeposit PeriodEffective Interest Rate
    more than RM50001 month2.65% p.a.
    more than RM10002 months2.65% p.a.
    more than RM10003 months2.75% p.a.
    more than RM10004 to 6 months2.85% p.a.
    more than RM10007 to 8 months2.95% p.a.
    more than RM100009 months3.7% p.a.
    more than RM100010 to 11 months2.95% p.a.
    more than RM100012 months3% p.a.
    more than RM100013 to 14 months3.05% p.a.
    more than RM1000015 months3.85% p.a.
    more than RM100016 to 60 months3.05% p.a.

Apply online now for OCBC MYR Fixed Deposit

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Fees & Charges

There are always fees but how much are they?

Additional Statement Request
RM10.60 per document

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this OCBC MYR Fixed Deposit?

Minimum age
18 years old

Frequently Asked Questions about OCBC MYR Fixed Deposit

Things you might want to know

What do I need to know about OCBC MYR Fixed Deposit Account?

OCBC MYR Fixed Deposit Account is a form of term investment. You can start saving with as little as RM1,000 and can choose anything between a two month and sixty month term. A one month term is available but the minimum investment is RM5,000.

What's so great about an OCBC MYR Fixed Deposit account?

Several things! Firstly, for investments of more than one year you'll get interest paid out every six months. Next up, the interest rate is compounded daily, which means you would earn more interest compared to an FD calculated monthly. Also, you're allowed to make an early withdrawal if you need to, for whatever reason.

Furthermore, this fixed deposit account comes with a standby overdraft that uses your investment as surety against funds you borrow in your current account. To gain access to the overdraft, you must deposit more than RM5,000.

Now there is a special deal for those of you who want to save more and make more on the returns. From now till the 31st of May 2017 both for the 9-month and 15-month deposit periods, you canbank in a minimum amount of RM10,000 and get all new interest rates. If you are new to OCBC bank apply now for these awesome rates, if you already have a deposit in those time slots, make a RM10,000 top up and you too can enjoy those interest rates.

Can I make a partial withdrawal whenever I want?

Yes, you can make a partial withdrawal any time within the investment period. However, the pre-agreed interest will drop to half after that - so it'll be a compromise between having extra cash and forfeiting potential interest earnings!

For example, if a 12-month FD gives you an interest of 3.00% p.a., you're then entitled to enjoy only 1.50% p.a. after the withdrawal is made.

Can I withdraw before the term ends without forfeiting the interest earned?

Yes, if you decide to end the term early, you will get 50% of contracted interest. The only condition is that you must have completed at least three months of the deposit period.

Can I renew this term deposit?

Of course you can. If you do not instruct OCBC otherwise, or cash out this deposit after it matures, then the bank will automatically renew for you under the same terms.

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