Time Deposit

Grow your savings in your preferred currency

Why you will love this

Enjoy a promotional interest rate of up to 3.70% a year

Save in SGD or foreign currencies

Earn higher interest than a regular savings account

Who is eligible

OCBC Premier Banking customers

Apply online

Save and earn interest up to 3.70% a year in your preferred currency

Time Deposit (Fixed Deposit) Rates
  • Tenure (months)
  • Promotional interest rate a year
  • Minimum placement amount
  • How to apply
Tenure (months) Promotional interest rate a year Minimum placement amount How to apply
Currency (Singapore Dollar) Currency (Singapore Dollar)
12 1.10% 20,000 SGD Any OCBC branch
12 1.15% 20,000 SGD OCBC app
18 1.15% 20,000 SGD Any OCBC branch
18 1.20% 20,000 SGD OCBC app
Currency (US Dollar)
(for fresh funds only) Currency (US Dollar) (for fresh funds only)
3 3.70% 20,000 USD (for fresh funds only) Any OCBC branch
6 3.60% 20,000 USD (for fresh funds only) Any OCBC branch

All promotional interest rates and tenors are determined by OCBC in our sole and absolute discretion from time to time without prior notice.

CPF Time Deposit rate

Tenure (months) Promotional interest rate a year Minimum placement amount How to apply
Currency (Singapore Dollar)
12

2.78%

30,000 SGD

OCBC app (using CPF Ordinary Account funds)

CPF Time Deposit rate

Currency (Singapore Dollar)

12
Promotional interest rate a year

2.78%

Minimum placement amount

30,000 SGD

How to apply

OCBC app (using CPF Ordinary Account funds)

You can place an SGD Time Deposit using CPF Ordinary Account funds even if your CPF Investment Account is with another bank. Go to the OCBC app or any OCBC branch to make a placement now.

To qualify for the promotional interest rate above, your placement amount must be between 30,000 SGD and 999,999 SGD. This applies to SGD and foreign currency Time Deposits.

All promotional interest rates and tenors are determined by OCBC in our sole and absolute discretion from time to time without prior notice.

Before you apply

Deposit requirements

Minimum placement amount

20,000 SGD

20,000 USD

Terms and Conditions

Terms and conditions governing Deposit Account

Terms and conditions governing Electronic Banking Services

Terms and conditions governing OCBC Time Deposit Promotional Rates

Terms and conditions governing the OCBC Online Time Deposit Promotion Code

Important notices

Insured Deposits Register

Fees and charges

Foreign Currency Deposits

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 100,000 SGD 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 100,000 SGD for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

CHANGING TIME DEPOSIT DETAILS

Submit your instructions online – no visit to a branch needed!

Here are the following requests you can submit online:

  • Make a withdrawal before maturity
  • Change your maturity instructions, once a placement matures, to:
    • Renew the principal and interest;
    • Renew the principal and withdraw the interest; or
    • Withdraw the principal and interest.
  • Renew a placement at the promotional rate once it matures

Submit your request  

Get in touch

Enjoy greater savings with our Time Deposit account when you apply online

Apply online

or visit any of our Premier Banking Centres

Locate a branch

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.