Promotional rates of Maybank Fixed Deposit Rates for Singapore Dollar Term Deposit-i (%p.a.) Interest rate the bank borrows at. You should therefore not use these Bank interest rates Singapore unless you check them again with the bank. Min. OCBC Premier Dividend+ Savings Account Enjoy up to 2.50% p.a. with minimum deposit of S$100,000 with OCBC Premier Dividend + Savings Account OCBC P12W2D Past Event As a valuable addition, you will also earn 300 chances to win up to S$250,000 in the OCBC Happy Savings Draw. OCBC Bonus+ Savings Account Review. Granted that the conditions are different because the Premier Dividend Plus account requires much higher minimum balances and monthly deposits. Loans. We hope you discover bank account rates of interest to you. HSBC Premier Interest Rate 0.2% to 0.25% p.a. Service Charge N/A Min. … Min. Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. 3.3.1. Unfortunately, OCBC will be introducing some negative changes to the OCBC 360 Account - the bonus interest rates on the Spend and Step-up categories will decrease from 0.30%/0.60% for the first/second S$35,000 blocks to 0.20%/0.40% - this brings the EAR for both categories down from 0.45% p.a. It seems that the bonus interest rate was increased to 1.1 percent wef 2/1/2019. Provisions for impaired assets stood at S$518 million. General Disclaimers . Mortgage rates are close to 1% for a 30 year loan these days, which is absolutely ridiculous. on your total account balance. Min. Read more: View All. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. Now you can enjoy an attractive bonus interest of 0.45% p.a. But the fact that there is yet another … OCBC Premier Dividend + Savings Account Rate: = up to 0.90% Conditions and terms apply to receive these special OCBC Premier Dividend + Savings Account rate. Enjoy up to 2.35% p.a. Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. Service Charge N/A Min. For account balances of RM200,000 and above, you will enjoy rates higher than a 1-month Fixed Deposit board rate. HSBC Premier Interest Rate 0.2% to 0.25% p.a. Base Interest Wealth Bonus 1.80 % p.a. This includes a bonus of 0.75% p.a. OCBC Premier Dividend+ Savings Account Enjoy up to 2.50% p.a. Min. OCBC Bonus+ is a simple, "stash-and park" type of savings account. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. OCBC’s net interest margin fell to 1.6% from 1.76% three months earlier. See all cards. Apply online now for OCBC Premier Save Account RinggitPlus will help you every step of the way. The board and declared rates as at 1 November 2013 are used to show the difference between the board rates and the promotional rates for illustration only. Note that Singapore savings account rates are subject to change without notice at discretion of the bank entity or finance company. to 0.30% p.a.. I would like to use OCBC’s Bonus plus vs Dividend Plus account as an example. Min. Travel companion card. Promotional 3-month FD interest rate and 3-month CMGIA-i profit rate are applicable when Eligible Customers purchase any one or more of the selected OCBC/OABB Investment products (both FD and CMGIA-i are insured By PIDM). (The blended interest rate is computed based on the proportionate value of Customer A’s holdings of each grade of security which has been charged to OCBC Securities Pte Ltd (“OSPL”) in relation to the financing). if you do not make any withdrawals, and another bonus 0.70% p.a. Learn more. The annual best case interest shows the annual interest rate that you get to enjoy if you do all the things OCBC want you to do. OCBC VOYAGE Card. Interest Rate n/a: Cashback no: Annual Fee RM 8.00. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. OCBC 365 Credit Card. Different board rates may apply for resident and non-residents. Enjoy additional rewards on your daily spend like food deliveries, grocery purchases and more. For everyday spending. OCBC 360 is changing the interest rate for its savings account yet again!. Cards. * For illustration only. This is as if you treat it as a normal fixed deposit. Embark on a journey to the Premier lifestyle with a card that is recognized worldwide along with Premier Banking benefits. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. OCBC Premier Dividend + Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. OCBC 90°N Card. In today’s post, we will be studying High-Interest Saving Accounts, such as OCBC 360 account, OCBC Bonus Plus & Premier Dividend account to show how banks are moving away from Time deposit accounts to retain deposits and at the same time pay higher interests. The net interest payable would thus amount to S$5,375 (4.3% of the S$125,000 loaned to Customer A under the Share Financing facility). And accordingly, the interest rates the bank lends out at has plunged. That's at least RM 2000 monthly. Enjoy up to 2.50% p.a. Service Charge N/A Min. After the latest interest rate changes that were implemented on 1 July 2020, OCBC 360 users will have to brace themselves for a further reduction on the interest rates for their savings account on 1 October 2020. DBS/POSB; OCBC; UOB; Standard Chartered; CIMB; Citibank; HSBC; State … Promotional FD interest rate and CMGIA-i profit rate are applicable when Eligible Customers purchase any one or more of the selected OCBC/OABB Investment products. The interest rate cuts for the OCBC 360 account seem more drastic than that of the DBS Multiplier. My income is greater than RM 24000 a year. 3.3.1. Net interest income declined 6.6% from a year earlier. On top of the base interest rate of 0.05% p.a., stand to earn up to 1.45% p.a. 3. To find out the latest board rates, please visit www.ocbc.com.my. The following OCBC bank savings deposits accounts and their new interest rates are provided below. HSBC Premier Interest Rate 0.2% to 0.25% p.a. Min. Source: Giphy. that is almost 1.18%, which is what is written in their website, so my computation is quite there. * The Premier-exclusive rates set out in the table above shall apply only to account(s) which are subject to the terms and conditions governing the use of HSBC Premier Account Package. Interest rate the bank lends at. However, to unlock the 2.68% p.a effective interest rates, you’ll need to fulfill four of the categories (Salary, Save, Insure and Invest) and have a balance of at least $75,000. Promotion ends on 31 December 2020. Here are the bank interest rates Singapore. (The blended interest rate is computed based on the proportionate value of Customer A’s holdings of each grade of security which has been charged to OCBC Securities Pte Ltd (“OSPL”) in relation to the financing). Min. Deposit RM2,000; Public Bank 50 Plus Savings Account Interest Rate 0.1% to 1.2% p.a. Will the new bonus interest of OCBC Premier Dividend Plus Savings account apply to all balances in the account or just the new deposits? To find out the latest board rates, please visit www.ocbc.com.my. Last Updated: 2020-11-10. For starters, both accounts have a similar structure, however, the interest rates of both accounts are obviously different. OCBC 360 – More Changes to the Savings Account in October. Best Singapore Bank Savings Interest Rate 2020; Best Cashback Credit Card Singapore 2020; Best Credit Card for Groceries in Singapore 2020 ; Best Balance Transfer Singapore 2020; Calculators. Deposit balance in Premier EasiSave Account | Prevailing interest rate (p.a.) Balances of RM200,000 and above 1.20 % p.a. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Interest rates are calculated on a daily basis and credited on a monthly basis. Always double confirm savings account interest rates with the respective banks before you invest your money. Tenure in Month(s) | Maybank Fixed Deposit Rates 3 = 0.6000 % pa 6 = 1.0000 % pa 12 = 1.4000 % pa Customers of Maybank Fixed Deposit-i who are 55 years old or above will enjoy 0.25% p.a. OCBC Titanium Rewards Credit Card. Open an OCBC Premier Booster Account and maintain an account balance of RM200,000 and above Invest in any new wealth products from OCBC in the amount of RM6,000 to RM200,000 to qualify for 1.20% p.a Wealth Bonus for 6 months Min. Rates are subject to change without notice. above the prevailing profit rates. Min. Get rewarded for shopping . Maximum interest rate: Up to 2.68% p.a. OCBC bank SIngapore reduces interest rates for all its various OCBC bank savings deposits accounts. By the time you read about this Singapore bank interest rates, there could be changes in the interest rates. are available now in July 2009. The net interest payable would thus amount to S$5,375 (4.3% of the S$125,000 loaned to Customer A under the Share Financing facility). when you deposit S$300,000 or more of fresh funds into an OCBC Premier EasiSave, or Premier Statement Savings Account. Min. Promotional Interest/ Profit Rate Board Rate* 3-month FD/CMGIA-i 4.00% p.a. 2.85% p.a. Deposit RM2,000; Citibank Islamic Savings Account-i Profit Rate 0.1% to 1% p.a. The OCBC 360 Account offers a decently high interest rate but that is only if you have at least $75,000 balance in your account. Min. Min. The minimum FD placement under this Promotion is RM5,000 and maximum placement is RM1million per customer. 3.3.1. OCBC Premier Dividend + Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. First S$50,000= 0.25% … Singapore Bank Interest Rates are provided for personal informational use only. Back in March, the Federal Reserve cut interest rates all the way to zero. 3.1.2. OCBC bank Singapore reduces interest rates with effect from 1 October 2011. Always double confirm savings account interest rates with the respective banks before you invest your money. Citi Credit Cards Daily Spend & Get Promotion. Deposit RM1,000; UOB Savings Plus Account Interest Rate 0.05% to 0.05% p.a. Simply enrol today and shop at selected merchants. Fixed Deposit Calculator; Basic Interest Calculator; Compound Interest Calculator; Balance Transfer Admin Fee Calculator; Banks. 3.1.4. Minimum average daily balance for automatic waiver of monthly fall-below fee: $3,000; Minimum initial deposit: $1,000; Pros: Cons: No minimum credit card spend required to earn bonus interest: Initial deposit of $1,000 required: Earn bonus interest for on the first $75,000 of your … Below that, I did a computation when you didn’t deposit more but you also didn’t withdraw. HSBC Premier Interest Rate 0.2% to 0.25% p.a. … with minimum deposit of S$10,000 with OCBC Bonus+ Savings Account. Deposit RM2,000; UOB Passbook Savings Account Interest Rate 0.05% to 0.05% p.a. OCBC Premier Booster Account is an excellent savings account that will make your money work harder for you. OCBC Passbook Savings / Young Savers Account Rates Amount | Rate (% p.a.) 3.1.3. if you grow your account balance by S$500 a month. 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