Hi, I’m new to premier banking and have some excess cash to spare. Read about the recent OCBC premier banking promotion and is quite tempted by it. It works out to about 1.8% p.a. interest after holding for 12 months. Anything that I should watch out for? I assume there is no penalty or downside for pulling out everything after one year right?
More importantly, are there any other better premier banking accounts or options out there without taking market risk?
Good morning Keropoke
Thank you for your interest
Can you specify which promotion you are referring to?
We are offering a $1,000 cash credit for new account holders who wish to join Premier Banking with $350k fresh funds
For existing Premier Banking clients, we are currently offering the following Fixed Deposit rates:
Currency Tenure Interest rate
Singapore dollar 12 months 1.80%pa.
US dollar 3 months 1.70%pa.
6 months 1.85%pa.
^Sh