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. * The Premier-exclusive rates set out in the table above shall apply only to account(s) which are subject to the terms and conditions governing the use of HSBC Premier Account Package. with minimum deposit of S$100,000 with OCBC Premier Dividend + Savings Account OCBC P12W2D Past Event It seems that the bonus interest rate was increased to 1.1 percent wef 2/1/2019. 3.3.1. Bank loans are pegged to SIBOR, which tracks global interest rates. 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. (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 VOYAGE Card. with minimum deposit of S$10,000 with OCBC Bonus+ Savings Account. OCBC’s net interest margin fell to 1.6% from 1.76% three months earlier. Min. OCBC 360 is changing the interest rate for its savings account yet again!. Learn more. OCBC bank SIngapore reduces interest rates for all its various OCBC bank savings deposits accounts. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. Simply enrol today and shop at selected merchants. Always double confirm savings account interest rates with the respective banks before you invest your money. Interest rates are calculated on a daily basis and credited on a monthly basis. By the time you read about this Singapore bank interest rates, there could be changes in the interest rates. … OCBC Premier Dividend+ Savings Account Enjoy up to 2.50% p.a. 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 … Min. 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. Min. Deposit RM2,000; UOB Passbook Savings Account Interest Rate 0.05% to 0.05% p.a. DBS/POSB; OCBC; UOB; Standard Chartered; CIMB; Citibank; HSBC; State … OCBC Premier Dividend+ Savings Account Enjoy up to 2.50% p.a. Promotional Interest/ Profit Rate Board Rate* 3-month FD/CMGIA-i 4.00% p.a. That's at least RM 2000 monthly. (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). For starters, both accounts have a similar structure, however, the interest rates of both accounts are obviously different. Below that, I did a computation when you didn’t deposit more but you also didn’t withdraw. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. Different board rates may apply for resident and non-residents. Promotional 3-month FD interest rate and 3-month CMGIA-i profit rate are applicable when Eligible Customers purchase any one or more of the selected OCBC/OABB Investment products (both FD and CMGIA-i are insured By PIDM). Read more: View All. Singapore Bank Interest Rates are provided for personal informational use only. OCBC Premier Booster Account is an excellent savings account that will make your money work harder for you. OCBC 90°N Card. 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. to 0.30% p.a.. 3.3.1. Min. Promotional rates of Maybank Fixed Deposit Rates for Singapore Dollar Term Deposit-i (%p.a.) Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. Always double confirm savings account interest rates with the respective banks before you invest your money. Service Charge N/A Min. Now you can enjoy an attractive bonus interest of 0.45% 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. Rates are subject to change without notice. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. OCBC Premier Dividend + Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Travel companion card. Back in March, the Federal Reserve cut interest rates all the way to zero. Note that Singapore savings account rates are subject to change without notice at discretion of the bank entity or finance company. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. if you do not make any withdrawals, and another bonus 0.70% p.a. Min. Apply online now for OCBC Premier Save Account RinggitPlus will help you every step of the way. * For illustration only. Fixed Deposit Calculator; Basic Interest Calculator; Compound Interest Calculator; Balance Transfer Admin Fee Calculator; Banks. Base Interest Wealth Bonus 1.80 % p.a. OCBC Passbook Savings / Young Savers Account Rates Amount | Rate (% p.a.) Maximum interest rate: Up to 2.68% p.a. are available now in July 2009. Bespoke lifestyle privileges card. Net interest income declined 6.6% from a year earlier. Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. The minimum FD placement under this Promotion is RM5,000 and maximum placement is RM1million per customer. 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. 3.1.2. You should therefore not use these Bank interest rates Singapore unless you check them again with the bank. Min. But the fact that there is yet another … Min. 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. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. OCBC 365 Credit Card. OCBC Bonus+ Savings Account Review. 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. My income is greater than RM 24000 a year. Cards. We hope you discover bank account rates of interest to you. Mortgage rates are close to 1% for a 30 year loan these days, which is absolutely ridiculous. Service Charge N/A Min. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Here are the bank interest rates Singapore. … I would like to use OCBC’s Bonus plus vs Dividend Plus account as an example. Balances of RM200,000 and above 1.20 % p.a. 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. This is a 3 month (First Term) + 3 month (Second Term) promotional FD. Interest rate the bank borrows at. OCBC 360 product summary: Base interest rate: 0.05% p.a. This is as if you treat it as a normal fixed deposit. Loans. See all cards. 3.1.3. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. General Disclaimers . First S$50,000= 0.25% … 3. OCBC Bonus+ is a simple, "stash-and park" type of savings account. 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 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). As a valuable addition, you will also earn 300 chances to win up to S$250,000 in the OCBC Happy Savings Draw. For account balances of RM200,000 and above, you will enjoy rates higher than a 1-month Fixed Deposit board rate. Promotion ends on 31 December 2020. Get rewarded for shopping . Min. above the prevailing profit rates. when you deposit S$300,000 or more of fresh funds into an OCBC Premier EasiSave, or Premier Statement Savings Account. OCBC 360 – More Changes to the Savings Account in October. Source: Giphy. 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. To find out the latest board rates, please visit www.ocbc.com.my. 3.1.4. Embark on a journey to the Premier lifestyle with a card that is recognized worldwide along with Premier Banking benefits. Provisions for impaired assets stood at S$518 million. Last Updated: 2020-11-10. Will the new bonus interest of OCBC Premier Dividend Plus Savings account apply to all balances in the account or just the new deposits? This includes a bonus of 0.75% p.a. Min. HSBC Premier Interest Rate 0.2% to 0.25% p.a. Enjoy up to 2.50% p.a. First S$10000 0.05 From S$10001 to … 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. And accordingly, the interest rates the bank lends out at has plunged. Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. 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. Citi Credit Cards Daily Spend & Get Promotion. Interest Rate n/a: Cashback no: Annual Fee RM 8.00. Interest rate the bank lends at. HSBC Premier Interest Rate 0.2% to 0.25% p.a. HSBC Premier Interest Rate 0.2% to 0.25% p.a. HSBC Premier Interest Rate 0.2% to 0.25% p.a. For everyday spending. Enjoy up to 2.35% p.a. Granted that the conditions are different because the Premier Dividend Plus account requires much higher minimum balances and monthly deposits. 2.85% p.a. Deposit balance in Premier EasiSave Account | Prevailing interest rate (p.a.) Min. if you grow your account balance by S$500 a month. 3.3.1. The following OCBC bank savings deposits accounts and their new interest rates are provided below. Service Charge N/A Min. OCBC bank Singapore reduces interest rates with effect from 1 October 2011. Min. On top of the base interest rate of 0.05% p.a., stand to earn up to 1.45% p.a. Enjoy additional rewards on your daily spend like food deliveries, grocery purchases and more. Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. The interest rate cuts for the OCBC 360 account seem more drastic than that of the DBS Multiplier. Min. that is almost 1.18%, which is what is written in their website, so my computation is quite there. on your total account balance. 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