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.
Updates to OCBC Premier Dividend+ Savings Account from 1 April 2024
From 1 April 2024, the following revisions will be made to your OCBC Premier Dividend+ Savings Account:
Interest rate to be paid for account balances and where there is no withdrawal each month will be revised from up to 3.70% to up to 3.30% a year.
Minimum monthly deposit amount to qualify for Monthly Save and No Withdrawal Bonus will be revised from S$2,000 to at least S$3,000 a month.
Revision of OCBC Premier Banking Fees and Charges guide from 1 April 2024
Revision of USD cheque fees from 1 April 2024 From 1 April 2024, we will charge US$1 for each USD cheque issued. This fee will be waived for account holders aged 60 years old and above until 31 December 2025.
Revision of Cashier’s Order fees From 1 April 2024, a S$10 fee will be applicable for each Cashier’s Order issued for OCBC Premier Banking customers.
Revision of OCBC Premier Banking and OCBC Premier Private Client Terms and Conditions from 1 January 2024