Ocbc Fixed Deposit Promotion
Last month in December, I have placed a 6 months fixed deposit with CIMB Bank that gives me an interest rate of 1.80% p.a. The good news is that CIMB Bank has maintained its interest rate of 1.80% p.a. for its Chinese New Year Fixed Deposit Promotion. They are probably the only bank that maintain the high interest rate of 1.80% p.a.
Ocbc Fd Promotion Rate - My Best Coupon Codes. CODES (2 days ago) (1 months ago) (2 days ago) The current highest fixed deposit rate is a ocbc fixed deposit promotion al rate The current Money Lobang National Average Fixed Deposit Rates for December 2020 is 0.52% p.a. Best Fixed Deposit Accounts In Malaysia - RinggitPlus. Apr 14, 2020 - Best Fixed Deposit Promos – April 2020. OCBC Bank (OCBC Online FD Promotion), 3.25, RM1,000, RM50,000, 10 months, 10 Apr to 30 Apr. Best Fixed Deposit Accounts In Malaysia - RinggitPlus. Apr 14, 2020 - Best Fixed Deposit Promos – April 2020. OCBC Bank (OCBC Online FD Promotion), 3.25, RM1,000, RM50,000, 10.
While searching for Chinese New Year fixed deposit promotions, I found a promotion from OCBC that gives you vouchers instead of cash for a 6 month locked in period. The interest rate is 1.70% p.a. if you compare the value of the vouchers against cash. You can read more about it below.
The next good deal is from Hong Leong Finance where they maintain their interest rate of 1.73% p.a.
CIMB Fast Fixed Deposit Chinese New Year Promotion
Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 31st January 2020
The total interest that you will receive if you place S$20,000 for 12 months is S$360.
OCBC Bank Chinese New Year Deposit Promotion
Interest Rate: Not Applicable, Minimum Placement: S$10,000, Promotion Valid Until: 31st January 2020
As part of OCBC Chinese New Year promotion, receive S$85 NTUC FairPrice vouchers with every S$10,000 in fresh funds deposited into OCBC Passbook, Statement Savings, Premier Statement Savings and Premier Easisave accounts. The funds must be maintained for 6 months.
If you work backwards, the S$85 NTUC FairPrice vouchers is equivalent to an interest rate of 1.70% p.a based on a deposit of S$10,000 locked in for 6 months.
Hong Leong Finance
Interest Rate: 1.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
The total interest that you will receive if you place S$20,000 for 12 months is S$348.76.
Standard Chartered Bank (Singapore)
Interest Rate: 1.55%, Minimum Placement: S$25,000, Promotion Valid Until: 31st January 2020
Ocbc Fixed Deposit Promotion 2020
Unless you are a priority banking customer, otherwise you get an interest rate of 1.55% p.a. for a minimum place of S$25,000 with Standard Chartered Bank.
Ocbc Time Deposit
The interest that you will get is S$322.92 based on an interest rate of 1.55% p.a. for a placement of S$25,000 for 10 months.
If you are a priority customer, the interest that you will get is S$343.75 based on an interest rate of 1.65% p.a. for a placement of S$25,000 for 10 months.
MayBank Singapore Dollar Time Deposit
Interest Rate: 1.60%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
Maybank has further reduced their fixed deposit interest rate from 1.80% to 1.60%. The total interest that you will receive if you place S$20,000 for 12 months is S$320.00. However, there are some catch should you choose to place your fixed deposit with MayBank
- You need to have a MayBank Current or Savings account.
- For every S$1,000 deposited into the CASA Account, S$10,000 can be placed into the Singapore Dollar Time Deposit, subject to a minimum of S$20,000 in Time Deposit and the corresponding minimum deposit of S$2,000 in the CASA Account.
Dear readers, OCBC is now having a Chinese New Year promotion called the OCBC DEPOSITS CHINESE NEW YEAR PROMOTION 2020! For every $10,000 deposited in fresh funds into your OCBC savings account, you will receive SGD 85 dollars worth of NTUC Fairprice vouchers!
I think this latest promotion from OCBC is an attractive one as ittranslates into a 1.70% per annum return which is higher than the 1.52% perannum return for the January 2020 Singapore Savings bonds or the 1.54% perannum February 2020 Singapore Savings bond. And the good thing is that saversreceive the interest in the form of the NTUC Fairprice vouchers with just asix-month holding period.
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This is not the first time OCBC has such a Chinese New Yearpromotion. Last time, OCBC’s Chinese New Year 2019 promotion offered $110 worthof NTUC Fairprice vouchers for every SGD $10,000 fresh funds deposited into anyOCBC Savings accounts (which is effectively a 2.20% per annum returns) and I hadparticipated in the promotions back then.
Ocbc Fixed Deposit Promotion Malaysia
Thjs time round, I had less liquidity to deploy into OCBC Depositssince most of my capital has been deployed to form a “war chest” which will beactivated once the stocks markets present the most opportune time forinvesting.
