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OCBC Premier Booster Account

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Interest RateUp to 4.05% Image
Min. Deposit RM200,000 Image

Last updated on 2023-05-10

OCBC Premier Booster Account Review

Pros Pros

High interest / profit rates for savings account

High base interest / profit rate of up to 2.85% p.a.

Flexibility to withdraw anytime

Cons Cons

1.20% p.a. wealth bonus only for up to first RM500k deposit for 4 months

Wealth bonus subject to investment in eligible wealth products from OCBC

Low interest / profit rates if deposits balance is RM200k and below

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Deposit Details OCBC Premier Booster Savings Account Interest Rates

Minimum initial deposit of RM200,000

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 RM200,000

Flexibility to withdraw your funds at any time

MEPS fee waiver for the first four withdrawals every month

 

Deposit Interest Rates OCBC Premier Booster Savings Account Interest Rates Computation

  Interest / Profit
Base Rate 2.85% p.a.
Wealth Bonus 1.20% p.a.
Total 4.05% p.a.

 

Enjoy up to 4.05% p.a. interest / profit on OCBC Premier Booster Savings Account / Account-i

Earn a base 2.35% / 2.50% / 2.85% p.a. interest / profit on your entire account balance when you maintain a balance of at least RM200,000 / RM3,000,000 / RM10,000,000

Earn a wealth bonus 1.20% p.a. interest / profit on the first RM50,000 / RM200,000 / RM500,000 of your account balance for 4 months when you invest in
(i) any OCBC unit trust lump sum investment of at least RM20,000 / RM80,000 / RM200,000
(ii) regular premium insurance with at least RM6,000 / RM20,000 / RM50,000 for first year annual premium
(iii) single premium insurance with at least (Not Applicable) / RM100,000 / RM200,000

The wealth bonus is accorded for 4 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 or inception date of the insurance product

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

Minimum sales charge for eligible unit trust investments is 2.75%

The primary account holder of OCBC Premier 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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