Time deposit

Secure higher returns for your money

Why you will love this

Earn up to 0.50% a year (promotional interest rate)

Your choice of a foreign currency or SGD time deposit

Enjoy higher interest compared to a regular savings account

Who can apply

Anyone above 18 years old

Singaporean, Singapore PR or foreigner with a valid pass

With secured returns come greater peace of mind. Secure tomorrow's gains by taking action today.

Latest update

Online submission for Time Deposit requests

Due to the COVID-19 outbreak, we will accept your online requests to withdraw or amend your Time Deposit instructions without visiting our branches. Plus, enjoy our promotional interest rate when you apply for a SGD Time Deposit placement via online banking.

Due to the COVID-19 outbreak, we will accept your online requests to withdraw or amend your Time Deposit instructions without visiting our branches. Plus, enjoy our promotional interest rate when you apply for a SGD Time Deposit placement via online banking.

Rates
Currency Tenure (months) Promotional interest rate a year
Singapore Dollar 12 0.50%
Currency
Singapore Dollar
Singapore Dollar
  • 12 months0.50%

View board rates

The minimum placement amount for the above promotion is S$20,000. This promotion is not available for placements via Supplementary Retirement Scheme (SRS) funds.

Currency Tenure (months) Promotional interest rate a year
United States Dollar (USD) 3 0.10%
6 0.25%
United States Dollar (USD)
  • 3 months0.10%
  • 6 months0.25%

View board rates

The minimum placement amount for the above promotion is $5,000 in the respective currency.

The placement amount for all Time Deposit promotions must be in fresh funds only. Fresh funds refer to funds not transferred or withdrawn from existing OCBC Bank deposit accounts and re-deposited, and do not include funds in the form of OCBC Bank cheque/cashier’s order/demand drafts. The maximum placement amount for all the above Time Deposit promotions is S$999,999 or equivalent. For deposits above S$1 million, please contact us at 1800 363 3333 or visit any OCBC Bank branch.

Before you apply

Eligibility requirements

Minimum age

18 years old

Documents required

NRIC for Singaporeans and Singapore PRs

Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners

Additional document

Include any one of the following documents that shows your residential address

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement


Deposit requirements

Minimum placement

$5,000 in SGD currency

$5,000 in AUD, CAD, EUR, GBP, NZD, USD currencies

$50,000 in HKD currency

$250,000 in CNH currency




Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


ways to apply

Open your Time Deposit Account today

1
For Singaporeans and Permanent Residents:

NRIC

For foreigners:

Passport
Employment Pass (EP); or S-Pass or Student Pass

2
Minimum placement:

$5,000 in SGD currency
$5,000 in AUD, CAD, EUR, GBP, NZD, USD currencies
$50,000 in HKD currency
$250,000 in CNH currency

3
Include any one of the following documents:

Phone bill
Half-yearly CPF statement
Any bank statement

For OCBC customers

Apply online or open your account at the branch to enjoy promotional rates.

or

For new customers

Apply at a branch with these supporting documents  

  1. For Singaporeans and Permanent Residents:

    • NRIC

    For foreigners:

    • Passport
    • Employment Pass (EP); or S-Pass or Student Pass
  2. Minimum placement:

    • $5,000 in SGD currency
    • $5,000 in AUD, CAD, EUR, GBP, NZD, USD currencies
    • $50,000 in HKD currency
    • $250,000 in CNH currency
  3. Additional documents
    Include any one of the following documents:

    • Phone bill
    • Half-yearly CPF statement
    • Any bank statement