ocbc corporate fixed deposit rate ingapore

Willing to comply with the minimum amount of deposit, which is S$5,000.

Additional documents that show you about your residential address, for example:.

For foreigners: passport plus a valid pass (Student Pass, Employment Pass).

Singaporeans and Singapore Permanent Residents (PRs): NRIC.

Able to provide these documents required below:.

The account holder should be at least 18 years old,.

Everyone who is able to comply with these requirements will be granted the chance to save their money on OCBC deposit. Eligibility and Deposit Requirementsīefore opening an account, it’s better to know whether you are eligible or not for being an account holder of OCBC fixed deposit. The total months of deposit vary, depending on each bank’s provision, although for many, it ranges from 1 month to the maximum 48 months. Tenure is defined as a certain time limit for the money to be deposited. Any pre-termination costs will be deducted from your deposit.A fixed deposit is also called as time deposit, meaning that the deposit account holder should not withdraw any of all their deposit money before the tenure ends. You should therefore determine whether any foreign currency deposit is suitable for you in the light of your investment objectives, financial means and risk profile. Exchange controls may be applicable from time to time to certain foreign currencies. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.įoreign Currency Deposits Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks.

Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member.

Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law.

Ocbc corporate fixed deposit rate ingapore