OCBC launches fixed deposit and savings account bundling offer with preferential time deposit rate of 4.18%p.a.
Oversea-Chinese Banking Corporation (OCBC) has launched the AlwaysON Fixed Deposit/-i Campaign, a bundling offer for fixed deposits and savings accounts. The offer requires depositors to split their funds into 2 parts, 90% into a fixed deposit and 10% into an OCBC 360 Account savings account.
The minimum deposit amount for Fixed Deposit for this offer is RM1,000 and the offer is valid from November 15 to December 31, 2023 and must be deposited through OCBC Bank.
The final effective interest rate is only around 4.09% p.a. as the funds need to be split 90% to 10%.
OCBC Time Deposit and Savings Account Bundle Offer
Date: November 15 – December 31, 2023
Time Deposit Rate: 4.18%p.a.
Final effective interest rate: 4.09%p.a.
1. Money must be divided into 2 parts, 90% in a fixed deposit and 10% in a savings account.
2. The minimum deposit amount for fixed deposit is RM1,000.
3. after deducting 10% of the money deposited into the savings account, the final effective interest rate will be around 4.09%p.a.