Deposits
Preserve your wealth with us and enjoy preferential rates
We recognise that you have special saving needs. Whatever your savings goals, we will help you achieve them through our range of Premier deposit products.
Premier Statement Savings
This statement-based SGD savings account gives you preferential interest rates and easy access to your money.
Premier Dividend+ Savings Account
This deposit account potentially rewards you with two types of bonus interests. It pays a base interest of 0.25% yearly and you can earn as high as 1.28% a year in interest every March, June, September and December when you do not withdraw in the past calendar quarter. Get these rewards with the flexibility of a normal savings account with no monthly fees.
*The Effective Interest Rate for Premier Dividend+ Savings Account is 0.76% a year.
*Minimum initial deposit is S$100,000
Premier EasiSave Account
Save and enjoy competitive interest rates with the flexibility of cash withdrawals with this SGD chequing account.
Fixed Deposits
Earn higher interest on your savings with our SGD fixed deposits. Choose from a range of account types – from SGD deposits to risk-free investments using your CPF or SRS funds.
Attractive interest rates are also offered with foreign currencies. You can choose to place your fixed deposits in periods ranging from overnight to 3 years.
Foreign Currency Fixed Deposits
Open a Foreign Currency Fixed Deposit with your preferred currency and fixed deposit period and enjoy attractive interest rates.
Important Notice
The minimum placement amount for the Foreign Currency Time Deposits Promotion is S$50,000 equivalent and the maximum placement amount is S$999,999 equivalent in fresh funds only i.e. the funds placed must not be transferred from existing OCBC Bank deposit accounts or in the form of OCBC cheques/cashier’s orders/demand drafts. All promotional interest rates and tenures are valid for a limited period only and are subject to change by OCBC Bank at its sole discretion without prior notice. Foreign currency deposits are subject to inherent exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time for certain foreign currencies. 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. Any pre-termination costs will be deducted from your deposit. The decision of OCBC Bank on all matters relating to this promotion shall be final and binding. Terms and conditions Governing Deposit Accounts apply. OCBC reserves the right to waive/vary/amend any of these terms and conditions without prior notice.
Deposit insurance clause
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$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Insurance
Leave a legacy for your loved ones with plans for wealth protection and distribution
If preserving your wealth and leaving a legacy are some of your top priorities, consider our estate planning solution for peace of mind. We have two plans that are specially designed to meet your legacy planning needs.
Our legacy planning solutions can help you:
- Protect your loved ones’ future without compromising your lifestyle
- Distribute your wealth equally among your children
- Protect your estate against market volatility
- Protect your business against the unexpected loss of your keyman
PremierLife Heritage (Classic)
A US dollar1, single premium, universal life insurance plan that provides a high level of life insurance coverage2.
MaxLife Legacy
A SG dollar, single premium, participating whole life insurance plan that provides financial protection against death.
Additional notes
1PremierLife Heritage (Classic) is a US dollar plan. Therefore you should be aware that if US Dollar is not your home currency, you will be exposed to foreign exchange volatility risks between the time you purchase the PremierLife Heritage (Classic) policy to the time the policy benefits are payable. You must therefore recognise and accept these foreign exchange exposures.
2The monthly insurance charge will be deducted from the account value and will vary according to the net sum assured (defined as sum assured less the account value) of the policy, the life assured’s gender, smoker status, country of residency at inception and age last birthday at the policy anniversary prior to the deduction date at the beginning of each policy month.
Important Notice
PremierLife Heritage (Classic) is a non-participating, single premium, universal life insurance plan underwritten by The Great Eastern Life Assurance Company Limited. MaxLife Legacy is a single premium, participating insurance plan underwritten by The Overseas Assurance Corporation Limited. Both companies are wholly-owned subsidiaries of Great Eastern Holdings Limited and members of the OCBC Group and are not deposits or obligations of or guaranteed by OCBC Bank. Max is a registered trademark of The Overseas Assurance Corporation Limited.
The above is for general information only. It is not a contract or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plans are set out in the policy documents. If you are interested in the insurance policies, you should read the product summaries and benefit illustrations (available from us) before deciding whether to buy these products.
The above does not consider the specific investment objectives, financial situation or needs of anyone. Before you make an investment, you should speak to a financial adviser who will assess whether the products are suitable for you based on your investment objectives, financial situation or needs. If you choose not to do so, you should consider if the investment product is suitable for you.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.
We do not guarantee that any of the information provided in this document is accurate and you should not rely on it as such. We do not guarantee to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.
Policy Owners' Protection Scheme
These plans are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
Investments
Ways to effectively meet your investment goals
If you are prepared to take additional risks to seek higher yields on your investments, we provide you with a comprehensive array of investment options.
Dual Currency Returns
This is a currency-linked investment which allows you to capitalise on on-going movements in currency markets for higher returns. It is ideal if you are willing to take a risk on exchange rates between two currencies and receive your principal plus interest in either of the two currencies at the end of the investment.
Cash Trading Account
Trade with an OCBC Securities Trading Account and get a global advantage. You can capture opportunities with speed, security and control with the world markets at your fingertips.
Equity-linked Convertible Investments
These are short-term equity-linked investments that give you the opportunity to buy shares of a selected company at a discounted price.
It pays potentially higher interest yields, but carries the risk of share price market movements. You will also enjoy flexibility in customising your investment by selecting your preferred share type, number of shares and strike price (conversion rate).
Reverse Equity-linked Convertible Investments
If you are interested in short-term investments, reverse equity-linked convertible investments are equity-linked investments that utilise your existing shares for potentially higher returns, but carry the risk of exposure to share price market movements.
Customise your investments by selecting your number of shares and strike price (conversion rate).
Unit Trusts
Get access to a wider range of unit trusts from fund houses not available for mass banking customers.
With over 100 unit trusts to choose from, whatever your desired portfolio mix or exposure, we have the right unit trust fund to meet your goals.
Important Notice
The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.
No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
The information provided herein may contain projections or other forward-looking statement regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same.
This presentation and its contents are considered proprietary information and may not be reproduced or disseminated in whole or in part without our written consent.
Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) and OCBC Securities Private Limited (“OCBC Securities”) are related but separate entities. All securities trading services and products are offered by OCBC Securities and are subject to the relevant terms and conditions of OCBC Securities.
Trading in securities can be very risky, and you may lose all or more than the principal amount invested. This is particularly so when you need to (i) make your own trading decisions and (ii) ensure each trade is specifically suitable for you – the only basis for trading through or with OCBC Securities Private Limited.
Home Loan
Make the most of Premier Banking's home financing solutions
We offer customised services for important investments, such as buying a house. Whether you are purchasing a new property or refinancing an existing loan, you can count on us to address your home financing needs.
Holistic solutions
- Overdraft on your property
To secure a revolving line of credit against your private residential or commercial property to meet your cashflow needs
- Term loan facility
To convert the appreciating value of your property into accessible credit
- Land loan
To purchase land as an investment or for development
- Construction loan
To finance the construction of your dream home
- Overseas property financing
To finance your property of choice in London and Australia
As a Premier Banking customer, you enjoy preferential rates and terms on all these facilities.
Personalised service
Our Relationship Managers respond attentively and clearly to your requests. They offer professional advice that takes into account your current stage in life and cashflow needs.
Important Notice
The information provided herein is intended for general circulation and/or discussion purposes only. Any information given here is indicative only and is for illustration purposes only. OCBC Bank does not guarantee the accuracy, usefulness or adequacy of the information provided. This illustration is not an offer for any credit facilities offered by OCBC Bank.
Any opinions or views of the author and third parties expressed in this material are those of the author and third parties identified, and not those of OCBC Bank.
No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
Eligibility
You can become a Premier Banking customer with deposits and/or investments of
S$200,000
or more with us.
How to apply
Call 1800 Premier
(1800 773 6437)
Contact us online or
visit any of our Premier Centres
Calling from overseas
(65) 6530 5930
Share the Premier experience
Introduce your friends and family to OCBC Premier Banking and be rewarded
