Lastest S$ Deposit updates - Part 3

[ericcsn]

Appreciate if someone can help. I have been struggling with OCBC RM over the requirement to participate in the 1.8% promo.

I am new to this and I have not open any eligible account yet.

I also have 360 account. This is my primary account for giro and paynow

I intend to participate the promo in feb (assuming theres one)

Base on T&C's incremental amount deposited into the eligible account is against PAST 30 days amount across all accounts

According to the RM, assuming I only wanted to deposit the fresh fund on 28 Feb.. that would mean I cannot have funds out from 28 Jan to 27 Feb. This is the correct understanding you guys have?

Then what will happen to my 360 account for those giro?

it should mean that when you remove the money from your ocbc 360, the net incremental amount that is investible in the 1.8% promo is against the highest value in your ocbc 360 (and other accounts) over the past 30 days.

 

[Alwaysb]

it should mean that when you remove the money from your ocbc 360, the net incremental amount that is investible in the 1.8% promo is against the highest value in your ocbc 360 (and other accounts) over the past 30 days.

Sorry English no good. Abit lost. Highest value means absolute dollar (end day balance)) in any day during the past 30days?

 

[ericcsn]

Sorry English no good. Abit lost. Highest value means absolute dollar (end day balance)) in any day during the past 30days?

yes. highest balance in your ocbc 360 account + all other ocbc accounts (at their end of day) in any day over the past 30 days.

 

[Alwaysb]

yes. highest balance in your ocbc 360 account + all other ocbc accounts (at their end of day) in any day over the past 30 days.

Ok. Thank you. I was reading the t&c I couldn't seems to find this clause. Thank you for answering

 

[EveMuffins]

for ocbc statement account, if my balance is $1k (minimum balance to avoid fall below fee), then I topped up $50k for the promo, once the $50k has been earmarked, I can withdraw the $1k and still be eligible for the 1.8% promo on the $50k?

 

[pratik28]

for ocbc statement account, if my balance is $1k (minimum balance to avoid fall below fee), then I topped up $50k for the promo, once the $50k has been earmarked, I can withdraw the $1k and still be eligible for the 1.8% promo on the $50k?

better safe than sorry ,
as its for fresh funds ,
maybe the system does MAB , ADB thingy than only 49k will reflect as fresh funds later ,
So I would not touch that 1k

 

[EveMuffins]

better safe than sorry ,
as its for fresh funds ,
maybe the system does MAB , ADB thingy than only 49k will reflect as fresh funds later ,
So I would not touch that 1k

ok tks..I'll keep the $1k in the account then.

 

[whatheheck]

Ok. Thank you. I was reading the t&c I couldn't seems to find this clause. Thank you for answering

not in tnc (the illustration)
they have a simplied one account illustration at their website page ,need scroll down a bit

https://www.ocbc.com/personal-banking/deposits/statement-passbook-savings-account

 

[whatheheck]

ok tks..I'll keep the $1k in the account then.

I think better keep too. clause 1.5(iii) says funds must be incremental to the overall balances for 88 days from date of eligible transaction ( I presume is earmark date) . wah so cannot spend from all accounts or need advance put extra marnee just in case

 

[sglandscape]

I think better keep too. clause 1.5(iii) says funds must be incremental to the overall balances for 88 days from date of eligible transaction ( I presume is earmark date) . wah so cannot spend from all accounts or need advance put extra marnee just in case

Yeah need put extra just in case. I a bit scared to take part in case count wrongly, but maybe add a 5k buffer until the earmark happens.

 

[EveMuffins]

I think better keep too. clause 1.5(iii) says funds must be incremental to the overall balances for 88 days from date of eligible transaction ( I presume is earmark date) . wah so cannot spend from all accounts or need advance put extra marnee just in case

yup tks tks...I'll not touch the $1k..don't wanna risk losing the 1.8% interest.

 

[banyan8]

Citigold sounds good, but i checked singsaver seems must be AI and 350k to get $1000, $1200 is $500k and AI. Not sure how strict they are to be AI

$1000 for 350k and $1200 for 500k are only 1.14% pa an 0.95% pa respectively for a 3 mths FD. Isn't OCBC 88day promo much better?

 

[Nanonited]

$1000 for 350k and $1200 for 500k are only 1.14% pa an 0.95% pa respectively for a 3 mths FD. Isn't OCBC 88day promo much better?

You also can put money in FD/their hysa for extra yield.. can easily hit 2%.

the amt you quoted is just the welcome rewards

 

[reflecx]

https://www.hlbank.com.sg/en/personal-banking/promotions/fixed-deposit-promotion-2026.html

HL Bank offering 1.6% for 6 mth FD, 1.3% for 12 mth

 

[luvpraline]

https://www.hlbank.com.sg/en/personal-banking/promotions/fixed-deposit-promotion-2026.html

HL Bank offering 1.6% for 6 mth FD, 1.3% for 12 mth

Note that their savings account T&C:

• S$5 monthly service fee; waived with a minimum average daily balance of S$5,000

 

[swathe]

Has OCBC locked any of your funds already?

 

[sesame246]

Has OCBC locked any of your funds already?

i would like to know too.
Deposit on 2 Jan, still not earmarked.

 

[lzydata]

Tenure	Personal Banking (p.a.)	Premier Banking (p.a.)	Minimum Placement (S$)
3-month	1.45%	1.55%	20,000
6-month	1.45%	1.55%	20,000
12-month	1.40%	1.50%	20,000

https://www.rhbgroup.com.sg/rhb/personal/promotions/fixed-deposit-campaign

Offer rates for 12 months FD increased.

 

[Sausage]

are you all going for the fd instead of other plans? really so unoptimistic about the rest of the year?


Read HWZ Forum Rules!

 

[lzydata]

i. Deposits Bundle Promotion (at branches and online)

Tenure​	Promotional Rate (p.a.)​	*Effective Rate (p.a.)​
9 month	1.45%​	1.32%​
12 month	1.45%​	1.32%​

ii. Standalone Time Deposit and Term Deposit-i (at branches and online)

Tenure	Promotional Rates (% p.a.)
6 month	1.30%
9 month	1.30%
12 month	1.30%

https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page?

Maybank changes bundle promotion from 6 months to 9 or 12 months, effective rate now 1.32% pa compared to 1.41% pa before. 9 and 12 months standalone FD offer rates increased.