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
Minimum initial deposit of $10,000
Minimum average daily balance of $3,000 ($2 fall below fee applies)
|Base Interest||0.05% p.a.|
|Deposit $500 monthly||0.25% p.a.|
|No Withdrawals||0.20% 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