OCBC Booster Account

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Interest Rate Up to 3.10%
Min. Deposit RM30,000
Review on OCBC Booster Account
Pros

High interest / profit rates for savings account

High base interest / profit rate of 1.90% p.a.

Flexibility to withdraw anytime

Cons

1.20% p.a. wealth bonus only for first RM50k deposit for 6 months

Wealth bonus subject to investment in eligible wealth products from OCBC

Low interest / profit rates if deposits balance is RM30k and below

Deposit Details Deposit Details

Minimum initial deposit of RM500

Interest / Profit is calculated on daily balances

A base interest / profit of 0.10% p.a. will be accrued based on days where account balance falls below RM30,000

Flexibility to withdraw your funds at any time

MEPS fee waiver for the first two withdrawals every month (Until 30 Jun 2020)

Request for a sweeping facility to issue cheques

 

Deposit Interest Rates Interest Computation

  Interest / Profit
Base Rate 1.90% p.a.
Wealth Bonus 1.20% p.a.
Total 3.10% p.a.

 

Enjoy up to 3.10% p.a. interest / profit on OCBC Booster Savings Account / Account-i (capped at first RM50,000)

Earn a base 1.90% p.a. interest / profit on your entire account balance when you maintain an a balance of at least RM30,000

Earn a wealth bonus 1.20% p.a. interest / profit on the first RM50,000 of your account balance for 6 months when you invest in
(i) OCBC unit trust lump sum investment of at least RM20,000
(ii) regular premium insurance with at least RM6,000 for first year annual premium

The wealth bonus is accorded for 6 months. The wealth bonus is accorded after either
(i) the cancellation period ends; or
(ii) 14 days after the effective date of subscription, whichever is later.
Effective date refers to the trade date of Unit Trust-i or inception date of the insurance product

The wealth bonus will be paid by the 14th business day of the following month

The primary account holder of OCBC Booster account must be the same primary account holder of the eligible investment product to qualify for wealth bonus
 

Click here to go to OCBC Bank's website for more details

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