Maximize Your Business Savings with OCBC Singapore Dollar Time Deposit!
Make your extra cash work harder for your business with OCBC’s Singapore Dollar Time Deposit. Enjoy higher returns with flexible investment periods and the convenience of automatic renewal. From low initial deposits to competitive interest rates, our time deposits are designed to provide steady growth for your business funds. Take advantage of tenors ranging from 1 to 12 months to suit your cashflow needs and ensure your money continues working for you.
Why you will love this deal/promo: This promotion is perfect for businesses looking to maximize their savings and earn higher returns on their extra cash. With a low initial deposit requirement and flexible tenors, you can tailor your investment to match your business needs. Automatic renewal ensures continuous growth, while competitive interest rates provide substantial returns, helping you to enhance your business’s financial stability and growth.
Promotion Details:
- Low Initial Deposit: Start growing your savings with a minimum deposit of S$5,000.
- Flexible Investment Period: Choose from tenors ranging from 1 to 12 months.
- Automatic Renewal: Automatically renew your time deposit using earned interest or credit the interest earned to your business account upon maturity.
Interest Rates:
- 1 – 2 Months:
- S$5,000 – S$20,000: 0.05% p.a.
- S$20,000 – S$50,000: 0.05% p.a.
- S$50,000 – S$99,999: 0.05% p.a.
- S$100,000 – S$249,999: 0.05% p.a.
- S$250,000 – S$499,999: 0.05% p.a.
- S$500,000 – S$999,999: 0.05% p.a.
- 3 – 5 Months:
- S$5,000 – S$20,000: 0.10% p.a.
- S$20,000 – S$50,000: 0.05% p.a.
- S$50,000 – S$99,999: 0.05% p.a.
- S$100,000 – S$249,999: 0.05% p.a.
- S$250,000 – S$499,999: 0.05% p.a.
- S$500,000 – S$999,999: 0.05% p.a.
- 6 – 8 Months:
- S$5,000 – S$20,000: 0.20% p.a.
- S$20,000 – S$50,000: 0.10% p.a.
- S$50,000 – S$99,999: 0.10% p.a.
- S$100,000 – S$249,999: 0.10% p.a.
- S$250,000 – S$499,999: 0.10% p.a.
- S$500,000 – S$999,999: 0.10% p.a.
- 9 Months:
- S$5,000 – S$20,000: 0.30% p.a.
- S$20,000 – S$50,000: 0.10% p.a.
- S$50,000 – S$99,999: 0.10% p.a.
- S$100,000 – S$249,999: 0.10% p.a.
- S$250,000 – S$499,999: 0.10% p.a.
- S$500,000 – S$999,999: 0.10% p.a.
- 10 – 11 Months:
- S$5,000 – S$20,000: 0.40% p.a.
- S$20,000 – S$50,000: 0.10% p.a.
- S$50,000 – S$99,999: 0.10% p.a.
- S$100,000 – S$249,999: 0.10% p.a.
- S$250,000 – S$499,999: 0.10% p.a.
- S$500,000 – S$999,999: 0.10% p.a.
- 12 Months:
- S$5,000 – S$20,000: 0.50% p.a.
- S$20,000 – S$50,000: 0.10% p.a.
- S$50,000 – S$99,999: 0.10% p.a.
- S$100,000 – S$249,999: 0.10% p.a.
- S$250,000 – S$499,999: 0.10% p.a.
- S$500,000 – S$999,999: 0.10% p.a.
**For deposits of more than S$1,000,000, you may call us at (65) 6538 1111 or approach any OCBC Bank branch for interest rates.
Additional Benefits:
- Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, up to S$100,000 per depositor per Scheme member.
- Premature Withdrawal Fees: Applicable for withdrawals made before maturity.
Eligibility Requirements:
- Type of Business: All businesses with SGD time deposit accounts.
- Minimum Deposit Amount: S$5,000.
How to Open a Fixed Deposit Account:
- Visit Us: Open an account at any OCBC Bank branch.
- Call Us: For deposits over S$1,000,000, call us at +65 6538 1111 (Monday to Friday, excluding public holidays, 8am – 8pm).
Contact Information:
- Call Us (Business Banking): +65 6538 1111, Monday to Friday (excluding public holidays), 8am – 8pm
- Trade Enquiries: +65 6318 7777, Monday to Friday (excluding public holidays), 9am – 6pm
- Collections Hotline:
- Commercial Property Loan: +65 6319 9756
- Other Business Loans: +65 6319 9753
- Monday to Thursday: 9am – 5:30pm
- Friday: 9am – 4:30pm (excluding public holidays)
Make Your Extra Cash Work with OCBC Singapore Dollar Time Deposit!
Don’t miss the chance to earn higher returns on your savings with OCBC Singapore Dollar Time Deposit. Choose from flexible tenors and start with a minimum deposit of S$5,000 to maximize your business’s financial growth. For more information or to open an account, call us at +65 6538 1111 or visit our branch at Blk 712A Ang Mo Kio Avenue 6 #01-4066, Singapore 561712. Visit our website at OCBC to learn more. Secure your financial future with OCBC today!
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