Singapore Dollar Time Deposit

Make your extra cash work with higher returns

Why you will love this

Enjoy higher returns on your extra cash

Flexible investment periods

Automatic renewal for the same period upon maturity at prevailing interest rates

We help to make your extra cash work for your business
Earn higher returns while you run your business. Simply choose a deposit term that fits your cashflow needs and we keep your money working for you steadily.

Low initial deposit

on Singapore Dollar placements from as low as $5,000.

Flexible investment period

with tenors that range from 1 to 12 months.

Automatic renewal

using earned interest or credit the interest earned to your business account upon maturity.
Before you apply

Eligibility requirements

Type of business
All businesses with SGD time deposit accounts
Minimum deposit amount
S$5,000

Fees and charges

Amount
Premature withdrawal fees are applicable for withdrawals made before maturity.
We offer a wide range of tenors from amounts of $5,000 up to $999,999.

For deposits of more than $1,000,000, call us at +65 6538 1111 (Monday to Friday excluding public holidays, 8am – 8pm) or approach any branch for interest rates.

Ready to place your Time Deposit?

Place your Singapore Dollar Time Deposits via OCBC Velocity*

FAQs
Common questions
Can I place a Singapore Dollar Time Deposit (TD) without opening a TD account?
No, you will need to apply for a TD account before making an SGD TD placement.
How can I place a TD via OCBC Velocity?

First, you must be on the Velocity Standard Package to be eligible.

Once you log into OCBC Velocity on your desktop, follow the steps below to place a Singapore Dollar Time Deposit at SGD board rates:

  1. Select “Accounts” in the toolbar on top
  2. Select “Time Deposit” in the navigation bar on the left
  3. Select “Place Time Deposit” on the column on the right
  4. Fill in TD placement details
  5. Viola, the SGD TD placement is successful!
I have opened a TD account, but I am not able to view it in OCBC Velocity. How can I view my TD account on OCBC Velocity?

You must first link your TD account to OCBC Velocity to be able to view it online.

Download the “Apply and Manage OCBC Velocity” form and complete it by following the steps below:

  1. Select “Manage OCBC Velocity”
  2. Select “Update Accounts in OCBC Velocity”
  3. Enter your account details
  4. Select the current Velocity setup of your company
  5. Select “Add account to OCBC Velocity”
  6. Select “all accounts in OCBC Velocity” if you would like to link all your business accounts to OCBC Velocity; or select “specific accounts” if you would like to link selected business accounts to OCBC Velocity
  7. Sign the completed form and send it back to us
What is the minimum and maximum amount needed for each TD placement via OCBC Velocity?

Minimum amount: S$5,000

Maximum amount: S$5,000,000

*There is also a daily placement cap amount of S$5,000,000.

There are no restrictions on the number of placement tickets.

Important notices

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$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


Register of Insured Deposits
Download Register of Insured Deposits for more information.


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