For a limited time until 31 May 2019, you can earn a higher return on your money when you deposit a fresh fund between RM10,000 to RM10 million into your OCBC fixed deposit account. The interest rate you will get is 3.85% p.a. for 6-month tenure or 4.10% p.a. for 12-month tenure.
What can I get from OCBC MYR Fixed Deposit Account?
First of all, you will earn high rate of return on your deposit. To get started, all you need is a minimum initial deposit amount of RM1,000 for 2 to 60 months, or RM5,000 minimum deposit if you want to park your money for 1 month.
Next up, the interest rate is compounded daily, which means you are earning more interestcompared to an FD that calculate interest every month.
You can check your profit payment via monthly e-statement, which can be retrieved through OCBC online Banking, or have it delivered to your email address.
Can I make a premature withdrawal whenever I want?
If you place a deposit on and after March 2018, no profit will be paid at all when you withdraw your money from this fixed deposit account before maturity.
Is this fixed deposit renewable?
This fixed deposit account also will renew your investment every year once it has reached maturity.