CDA Transfer

Thank you for choosing OCBC as Your Baby Bonus Bank. Your existing CDA with DBS Bank (POSB) was closed in early August 2008 and the outstanding balance was transferred into your OCBC CDA by 7 August 2008.

Families get more benefits when they’re with OCBC. Here’s why:

Convenient access to a wide network of 56 branches which include 15 Sunday Banking branches and over 800 ATMs ¹
2.05% p.a. promotional rate (i.e. 1% p.a. + bonus rate of 1.05% p.a.)²
Free Insurance Coverage of up to S$50,000 ³
Comprehensive solutions designed for families
Baby Bonus Card with special privileges at popular stores and education centres.
GIRO set-ups at POSB to pay Approved Institutions had been transferred to OCBC Bank

¹	Over 400 ATMs belong to OCBC and the remaining ATMs are under the shared ATM network (for cash withdrawal only).
²	Promotional rate of 2.05% p.a. for CDA will be valid from 1 August 2008 to 30 September 2008. Thereafter, interest rates for CDA will be set at 1% p.a. or a rate to be determined by the Bank having regard to prevailing market conditions. Promotional interest rates are subject to change without prior notice.
³	Insurance coverage is up to S$50,000 on the Trustee for death or total permanent disability due to accidient, as long as the CDA is maintained with OCBC Bank.