However, with the current sluggish economy, fixed deposit interest rates remain low - although they might still be better than savings accounts. In 'normal', non-Covid-19 times, promotional fixed deposit rates can go up to 1.8% to 2% p.a. Bank/financial institutionįixed deposit board rates are usually very low, but every month, many banks come up with fixed deposit promotions to offer good rates.

Note that these promotional rates change monthly and the bank can change the rates anytime. Best fixed deposit rates in Singapore (Feb 2021) We've picked the highest fixed deposit rates for SGD in attainable deposit amounts (i.e. Fixed deposits are an extremely low risk way to grow your money. Seriously, though, fixed deposits are great if you have a substantial amount of money lying around and you don’t want to risk investing it. Just leave it out in the open and mold will grow - FREE! - on your bread for you.

Think of it like mold on a piece of bread. You don't need to do anything to earn this interest, just park your money with a bank. © Provided by MoneySmart Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. You can open an OCBC Securities account at any OCBC Bank branch.ĭiscover how you can stay healthy with curated content and offers from over 50 health and wellness brands. Trade around the world with access to 29 global exchanges and diversify with Futures and Leveraged FX. Invest and protect with a regular premium investment-linked insurance plan. Promotion ends on 31 March 2021.Įstimate how much your affordability, valuation and rental yield in one single calculator. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Also it is 1.2% lower than the highest rate 1.45. OCBC 1 Year Time Deposit - Rate is for deposits $20,000 - S$999,999 and a period of 12 months The rate of 0.25% is 0.51% lower than the average 0.76%. Plus, enjoy our promotional interest rate when you apply for a SGD Time Deposit. Due to the COVID-19 outbreak, we will accept your online requests to withdraw or amend your Time Deposit instructions without visiting our branches. Online submission for Time Deposit requests. Earnings on foreign currency deposits would be dependent on the exchanges rates. Foreign currency deposits Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Ocbc Fixed Deposit Rate Average ratng: 3,9/5 3106 votesįor more information on fixed deposit interest rates, please call 03- 8317 5000 (personal banking enquiries) or 13 (business banking enquiries).

Ocbc fixed deposit rate 2021 ingapore