ocbc foreign currency time deposit rates

In case of any discrepancies, the Chinese version shall prevail. The Terms and conditions are written in both Chinese and English. Terms and conditions of deposit products of the Bank apply. However, this adjustment does not affect customers who have placed the Deposit prior to the adjustment. OCBC Premier Banking offers tailored solutions to maximise your wealth. ('the Bank') will withhold and pay interest tax on your behalf according to relevant regulations.Ībiding by government regulations or due to changes in market conditions, the Bank may adjust the interest rates and deposit tenors. Note: The rates above are promotional rates subject to change at any time by OCBC. Unless customers instruct otherwise, on the maturity date, the principal and interest earned will be automatically rolled over to a new Deposit with the same tenor at the prevailing interest rates on the date of roll-over. Interest on the sum being early-withdrawn shall be calculated based on the prevailing interest rates for different periods of early withdrawal. For example, the interest rates on US dollar fixed deposits offered by local banks have been rising steadily since 2022. Interest rate of the Deposit will be calculated based on the prevailing rates published on the Deposit placement date.Ĭustomers can withdraw partial or full sum of the Deposit prior to the maturity date. The interest rate on foreign currency deposits offered by local banks may take reference to the respective country’s borrowing rate. The tenor of 388-Day Flexi Time Deposit ('the Deposit') is 388 days, and the minimum initial deposit amount is USD10,000.

Ocbc foreign currency time deposit rates