What do I get from OCBC Al-Amin Booster Account-i savings account?
OCBC Al-Amin Booster Account-i savings account intends to help you earn a higher return on your savings. When you successfully opened this account, you will enjoy the access to basic banking facilities.
That's not all, you will be entitled to MEPS fee waiver for the first 2 withdrawals every month. Also, there is no holding period on funds!
The highlight is, you get 2 types of profit rates: base profit of 3.25% p.a. and wealth bonus of 1.20% p.a.
How is the profit calculated?
For base profit of 3.25% p.a., it will be calculated based on your account's day end balance. The catch is, you need to maintain a balance of at least RM30,000.
This profit will be credited to your account at the end of the month.
How do I qualify for the wealth bonus?
To qualify, you need to invest in OCBC's wealth products with a minimum amount. This wealth bonus will be accorded for 12 months.
Once you have redeemed you wealth bonus, you may still continue to get profit rate of 1.2% p.a. on your balance.
Is my money in OCBC Al-Amin Booster Account-i protected under PIDM?
Absolutely. Your money in OCBC Al-Amin Booster Account-i savings account is guaranteed under PIDM for up to RM250,000.