Min. Provisions for impaired assets stood at S$518 million. OCBC Premier Dividend+ Savings Account Enjoy up to 2.50% p.a. OCBC Titanium Rewards Credit Card. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. Now you can enjoy an attractive bonus interest of 0.45% p.a. 3.1.4. OCBC VOYAGE Card. OCBC 360 is changing the interest rate for its savings account yet again!. Min. Last Updated: 2020-11-10. OCBC Premier Dividend + Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Min. The minimum FD placement under this Promotion is RM5,000 and maximum placement is RM1million per customer. The interest rate cuts for the OCBC 360 account seem more drastic than that of the DBS Multiplier. if you grow your account balance by S$500 a month. Open an OCBC Premier Booster Account and maintain an account balance of RM200,000 and above Invest in any new wealth products from OCBC in the amount of RM6,000 to RM200,000 to qualify for 1.20% p.a Wealth Bonus for 6 months HSBC Premier Interest Rate 0.2% to 0.25% p.a. Service Charge N/A Min. are available now in July 2009. Minimum average daily balance for automatic waiver of monthly fall-below fee: $3,000; Minimum initial deposit: $1,000; Pros: Cons: No minimum credit card spend required to earn bonus interest: Initial deposit of $1,000 required: Earn bonus interest for on the first $75,000 of your … We hope you discover bank account rates of interest to you. Min. The following OCBC bank savings deposits accounts and their new interest rates are provided below. (The blended interest rate is computed based on the proportionate value of Customer A’s holdings of each grade of security which has been charged to OCBC Securities Pte Ltd (“OSPL”) in relation to the financing). OCBC Bonus+ Savings Account Review. 2.85% p.a. Interest rate the bank borrows at. Min. HSBC Premier Interest Rate 0.2% to 0.25% p.a. Here are the bank interest rates Singapore. Promotional rates of Maybank Fixed Deposit Rates for Singapore Dollar Term Deposit-i (%p.a.) Different board rates may apply for resident and non-residents. See all cards. Enjoy additional rewards on your daily spend like food deliveries, grocery purchases and more. Tenure in Month(s) | Maybank Fixed Deposit Rates 3 = 0.6000 % pa 6 = 1.0000 % pa 12 = 1.4000 % pa Customers of Maybank Fixed Deposit-i who are 55 years old or above will enjoy 0.25% p.a. You should therefore not use these Bank interest rates Singapore unless you check them again with the bank. Mortgage rates are close to 1% for a 30 year loan these days, which is absolutely ridiculous. above the prevailing profit rates. Enjoy up to 2.35% p.a. This is a 3 month (First Term) + 3 month (Second Term) promotional FD. Rates are subject to change without notice. I would like to use OCBC’s Bonus plus vs Dividend Plus account as an example. It seems that the bonus interest rate was increased to 1.1 percent wef 2/1/2019. Min. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. Below that, I did a computation when you didn’t deposit more but you also didn’t withdraw. To find out the latest board rates, please visit www.ocbc.com.my. with minimum deposit of S$10,000 with OCBC Bonus+ Savings Account. Deposit RM2,000; UOB Passbook Savings Account Interest Rate 0.05% to 0.05% p.a. Min. Granted that the conditions are different because the Premier Dividend Plus account requires much higher minimum balances and monthly deposits. OCBC 360 product summary: Base interest rate: 0.05% p.a. OCBC Premier Booster Account is an excellent savings account that will make your money work harder for you. Base Interest Wealth Bonus 1.80 % p.a. The net interest payable would thus amount to S$5,375 (4.3% of the S$125,000 loaned to Customer A under the Share Financing facility). Interest Rate n/a: Cashback no: Annual Fee RM 8.00. Promotional FD interest rate and CMGIA-i profit rate are applicable when Eligible Customers purchase any one or more of the selected OCBC/OABB Investment products. The OCBC 360 Account offers a decently high interest rate but that is only if you have at least $75,000 balance in your account. Singapore Bank Interest Rates are provided for personal informational use only. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. Citi Credit Cards Daily Spend & Get Promotion. Net interest income declined 6.6% from a year earlier. Promotional FD interest rate and CMGIA-i profit rate are applicable when Eligible Customers purchase any one or more of the selected OCBC/OABB Investment products. Promotion ends on 31 December 2020. First S$50,000= 0.25% … The board and declared rates as at 1 November 2013 are used to show the difference between the board rates and the promotional rates for illustration only. Note that Singapore savings account rates are subject to change without notice at discretion of the bank entity or finance company. This is as if you treat it as a normal fixed deposit. … Service Charge N/A Min. Balances of RM200,000 and above 1.20 % p.a. In today’s post, we will be studying High-Interest Saving Accounts, such as OCBC 360 account, OCBC Bonus Plus & Premier Dividend account to show how banks are moving away from Time deposit accounts to retain deposits and at the same time pay higher interests. on your total account balance. OCBC Premier Dividend+ Savings Account Enjoy up to 2.50% p.a. if you do not make any withdrawals, and another bonus 0.70% p.a. OCBC 90°N Card. Min. Promotional Interest/ Profit Rate Board Rate* 3-month FD/CMGIA-i 4.00% p.a. For starters, both accounts have a similar structure, however, the interest rates of both accounts are obviously different. Service Charge N/A Min. Fixed Deposit Calculator; Basic Interest Calculator; Compound Interest Calculator; Balance Transfer Admin Fee Calculator; Banks. OCBC Bonus+ is a simple, "stash-and park" type of savings account. Source: Giphy. 3.3.1. OCBC Premier Dividend + Savings Account Rate: = up to 0.90% Conditions and terms apply to receive these special OCBC Premier Dividend + Savings Account rate. 3.3.1. 3.3.1. Min. Deposit balance in Premier EasiSave Account | Prevailing interest rate (p.a.) Min. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. Embark on a journey to the Premier lifestyle with a card that is recognized worldwide along with Premier Banking benefits. with minimum deposit of S$100,000 with OCBC Premier Dividend + Savings Account OCBC P12W2D Past Event After the latest interest rate changes that were implemented on 1 July 2020, OCBC 360 users will have to brace themselves for a further reduction on the interest rates for their savings account on 1 October 2020. Cards. Will the new bonus interest of OCBC Premier Dividend Plus Savings account apply to all balances in the account or just the new deposits? HSBC Premier Interest Rate 0.2% to 0.25% p.a. 3.1.3. Interest rates are calculated on a daily basis and credited on a monthly basis. 3. Get rewarded for shopping . HSBC Premier Interest Rate 0.2% to 0.25% p.a. Always double confirm savings account interest rates with the respective banks before you invest your money. On top of the base interest rate of 0.05% p.a., stand to earn up to 1.45% p.a. My income is greater than RM 24000 a year. First S$10000 0.05 From S$10001 to … Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. OCBC’s net interest margin fell to 1.6% from 1.76% three months earlier. For everyday spending. … that is almost 1.18%, which is what is written in their website, so my computation is quite there. That's at least RM 2000 monthly. Read more: View All. The net interest payable would thus amount to S$5,375 (4.3% of the S$125,000 loaned to Customer A under the Share Financing facility). * For illustration only. Unfortunately, OCBC will be introducing some negative changes to the OCBC 360 Account - the bonus interest rates on the Spend and Step-up categories will decrease from 0.30%/0.60% for the first/second S$35,000 blocks to 0.20%/0.40% - this brings the EAR for both categories down from 0.45% p.a. OCBC 365 Credit Card. OCBC Premier Dividend + Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Bank loans are pegged to SIBOR, which tracks global interest rates. However, to unlock the 2.68% p.a effective interest rates, you’ll need to fulfill four of the categories (Salary, Save, Insure and Invest) and have a balance of at least $75,000. Travel companion card. OCBC 360 – More Changes to the Savings Account in October. Back in March, the Federal Reserve cut interest rates all the way to zero. Bespoke lifestyle privileges card. OCBC Passbook Savings / Young Savers Account Rates Amount | Rate (% p.a.) As a valuable addition, you will also earn 300 chances to win up to S$250,000 in the OCBC Happy Savings Draw. Learn more. when you deposit S$300,000 or more of fresh funds into an OCBC Premier EasiSave, or Premier Statement Savings Account. 3.1.2. General Disclaimers . But the fact that there is yet another … To find out the latest board rates, please visit www.ocbc.com.my. OCBC bank SIngapore reduces interest rates for all its various OCBC bank savings deposits accounts. to 0.30% p.a.. OCBC bank Singapore reduces interest rates with effect from 1 October 2011. For account balances of RM200,000 and above, you will enjoy rates higher than a 1-month Fixed Deposit board rate. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Simply enrol today and shop at selected merchants. Best Singapore Bank Savings Interest Rate 2020; Best Cashback Credit Card Singapore 2020; Best Credit Card for Groceries in Singapore 2020 ; Best Balance Transfer Singapore 2020; Calculators. DBS/POSB; OCBC; UOB; Standard Chartered; CIMB; Citibank; HSBC; State … Min. By the time you read about this Singapore bank interest rates, there could be changes in the interest rates. Interest rate the bank lends at. Apply online now for OCBC Premier Save Account RinggitPlus will help you every step of the way. Maximum interest rate: Up to 2.68% p.a. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. (The blended interest rate is computed based on the proportionate value of Customer A’s holdings of each grade of security which has been charged to OCBC Securities Pte Ltd (“OSPL”) in relation to the financing). Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. Enjoy up to 2.50% p.a. Loans. This includes a bonus of 0.75% p.a. The annual best case interest shows the annual interest rate that you get to enjoy if you do all the things OCBC want you to do. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. 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