Friend   Blog Post  OCBC Bank Singapore National Day Savings Promotion

It seems that nobody is writing about this National Day Savings Promotion and I thought of sharing this with you. OCBC Bank is having a savings promotion whereby for every S$5,000 of fresh funds deposited into your OCBC Passbook and Statement Savings Account, you get S$54 in cash credit. However, here is the catch:

  • Minimum is S$5,000
  • Must be fresh funds
  • The funds deposited must be maintained in your OCBC account for 7 months

It looks like a fixed time deposit promotion to me. If you are wondering how much interest rate per annum the above promotion is worth, I did some backward calculations and the interest rate turns out to be around 1.86% per annum. The interest rate still beats the September issue of the Singapore Savings Bonds whereby the interest rate is only 1.65% for ...



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