- 12 months0.70%
Time deposit
Secure higher returns for your money
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 place, 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 place, 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 | 0.70% |
| Currency |
| Singapore Dollar |
Currency
Singapore Dollar
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 | 0.20% |
| 6 | 0.30% |
Currency
United States Dollar (USD)
- 3 months0.20%
- 6 months0.30%
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 Fresh funds refer to funds not transferred or withdrawn from existing OCBC Bank deposit accounts and re-deposited, and do not include funds in the form of OCBC Bank cheque/cashier’s order/demand drafts.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
Important notices
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
or visit us at a branch with these documents.
Foreign Currency Deposits
Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency deposit is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.
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
-
For Singaporeans and Permanent Residents:
- NRIC
For foreigners:
- Passport
- Employment Pass (EP); or S-Pass or Student Pass
-
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
-
Additional documents
Include any one of the following documents:- Phone bill
- Half-yearly CPF statement
- Any bank statement