A service specially designed for Senior Citizens (55 years and above), Esteem Time Deposit earns 0.125% more than a SGD Time Deposit (applicable for counter rates only, max deposit $50,000) and pays out interest income monthly. If you need cash urgently, an overdraft facility can be arranged so you can continue to earn interest on your deposit.
Benefits
Overdraft facility available
Option to credit your interest monthly instead of waiting for your Esteem Time Deposit to mature.
Tenors available are 1 to 15, 18, 24 and 36 months
Requirements
Main account holder 55 years old and above
Joint account holder 12 years old and above
Minimum deposit of S$5,000, maximum S$50,000
Single or joint names
Apply Now
Visit any OCBC Bank branch today with your identity card and the minimum initial deposit to open the account. For non-Singaporeans, please bring your passport and employment pass/work permit.
Fees
Premature termination penalty will apply
Deposit Insurance Scheme
Singapore dollar deposits held by or for a non-bank depositor in accounts listed in OCBC Bank's Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore.
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