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OCBC Bonus+ Savings Account

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Rating: 5.0/5.0 (1 Reviews)
Interest RateUp to 0.50%
Min. Deposit $10,000
Review on OCBC Bonus+ Savings Account
Pros

Decent savings account interest rate

Cons

Low 0.05% p.a. base interest rate

Bonus interest rate of 0.20% p.a. only applicable with no withdrawals

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Deposit Details Deposit Details

Minimum initial deposit of $10,000

Minimum average daily balance of $3,000 ($2 fall below fee applies)

 

Deposit Interest Rates Interest Computation

  Interest
Base Interest 0.05% p.a.
Deposit $500 monthly 0.25% p.a.
No Withdrawals 0.20% p.a.
Total 0.50% p.a.

 

All funds in the Bonus+ Savings Account enjoy a monthly base interest of 0.05% p.a.

If there are no withdrawals and a deposit of minimum of $500 is made monthly, the bonus interest rate will be 0.50% p.a. for the month. (To be revised lower to 0.40% p.a. from 1 Feb 2020)

If you withdraw within the month, you will receive the base interest rate of 0.05% p.a.

 

Click here to go to OCBC website for more details

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1 Reviews
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Rating:
5.0/5.0 (1)
5.0/5.0 (1)
Page: OCBC Bonus+ Savings Account Review
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