Minor’s birth certificate/ identity card.What are the documents required to apply for OCBC fixed deposits?įor individuals 18 years old and above, only your identity card or passport is required.įor individuals below 18 years old (in-trust account): High returns with fixed tenures of up to 60 months.Malaysian, Malaysia PRs, and foreignersĪmong other reasons, you should choose OCBC fixed deposits because:.OCBC Foreign Currency Time Deposit Account.

OCBC offers 3 types of fixed deposits, namely: What are the types of fixed deposits offered by OCBC? You should be informed of the penalty amount to know what to expect if you need to withdraw the money before maturity.īeing aware of the customer service and the reputation of the bank you are planning to apply your fixed deposit account is an important step! Do thorough research before deciding on a bank. It is crucial to identify all costs incurred to avoid spending more than expected. Choose the one that suits your needs and financial goals.

Interest rates differ from bank to bank and tenure to tenure.ĭifferent banks offer different tenures, ranging from 1 month to a few years. You should know the interest rates upon maturity to ensure you gain a great amount of return. The returns are higher than other saving accounts, and you are guaranteed by the government! What should I know before applying for fixed deposits?

What is a fixed deposit?Ī fixed deposit (FD) is the best option for people who want to keep their money safe and earn some interest from it. OCBC Bank and its subsidiaries provide a comprehensive range of financial and wealth management services, including consumer, corporate, investment, private, transaction banking, treasury, insurance, asset management, and stockbroking. It has been crowned Best Managed Bank in Singapore and the Asia Pacific by The Asian Banker for its financial strength and stability. OCBC Bank is continuously placed among the World’s Top 50 Safest Banks by Global Finance. OCBC Bank is Singapore’s oldest bank, having been formed in 1932 by merging three local banks, the oldest of which was established in 1912.

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