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Decent savings account interest rate
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
Minimum initial deposit of $10,000
Minimum average daily balance of $3,000 ($2 fall below fee applies)
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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