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OCBC CNY 2023 Fixed Deposit Promotion
By My Sweet Retirement  •  January 15, 2023
OCBC is having a CNY 2023 Fixed Deposit Promotion with exclusive rates for their OCBC 360 customers. I have previously shared that CIMB Bank is offering fixed deposit of 12 months at 4.20% per annum.
However, I do know some of you wanted the convenience of placing a fixed deposit with OCBC since you already have an existing OCBC 360 account. Thus, this fixed deposit promotion may interest you. This is the second best fixed deposit promotion that I have found so far. For easy reference, here are the promotional rates for 360 customers and non-360 customers.
CurrencyTenure (months)Rates for 360 customersRates for non-360 customers
SGD84.08% a year3.88% a year
USD85.08% a year4.88% a tear
If you are a OCBC 360 customer, a placement of S$10,000 at 4.08% per annum for 8 months will earn you a return of $272.
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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