Make your OCBC CDA funds work even harder for your family! Save your excess OCBC CDA/CDA Extra funds into an OCBC CDA Time Deposit Account after opening your OCBC CDA.
Download your CDA Time Deposit Application form here.
Account Name |
Same as OCBC CDA / CDA Extra |
| Account Number |
New account to be opened with the same account name as the OCBC CDA/CDA Extra |
| How To Deposit |
Deposit into the OCBC CDA/CDA Extra |
| How To Withdraw |
Complete the OCBC CDA Time Deposit withdrawal form. Funds will be credited into the OCBC CDA / CDA Extra |
Amount |
Minimum S$5000 per receipt. No maximum
|
| Tenor |
12 months |
Start Date |
25th of the next month or the next business day if 25th of next month is a Sunday or a public holiday |
| Auto-renewal |
OCBC CDA Time Deposit receipt(s) would be auto-renewed until auto-termination occurs |
Auto-Termination |
Auto-termination occurs on the last quarter prior to the maturity of the OCBC CDA/CDA Extra. The OCBC CDA/CDA Extra matures on the last business day of the year the child turns 6 years of age. |
Crediting of Proceeds |
Upon termination, principal and interest would be credited into the OCBC CDA/CDA Extra |
Interest on Pre-Mature Termination |
Interest will be paid on completed quarter at the contracted interest rate |
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