What do I get from OCBC Booster Account savings account?
OCBC Booster Account 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 interest rates: base interest of 3.25% p.a. for savings upward of RM30,000, and a wealth bonus of 1.20% p.a..
How is the interest calculated?
For base interest 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 interest 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 your wealth products, you may still continue to get wealth bonus of 1.2% p.a. on your balance.
Is my money in OCBC Booster Account protected under PIDM?
Absolutely. Your money in OCBC Booster Account savings account is guaranteed under PIDM for up to RM250,000.