ocbc malaysia fixed deposit rate promotion

Best 3-month fixed deposit rates in January 2024 is 3.65% from HSBC.

Best 6-month fixed deposit rates in January 2024 is 3.65% by State Bank of India.

Best 12-month fixed deposit rates in January 2024 is 3.35% by Maybank.

Best Fixed Deposit Rates in Singapore (January 2024) If you’re looking for alternatives to park your money, Alvin shared a strategy you can use to increase your CPF OA interest. The banks might be preparing for a rate cut in 2024, hence this month we are seeing fixed deposit rates dropping. However, as rate hikes slow, we’re seeing a reversal currently: January 2024 Update on Fixed Deposit Rates: Rates are dropping During the months when interest rates were rising, we were offered some pretty attractive fixed deposit rates by banks in Singapore. Hence, although they have been dissed at because of low rates, we saw a change in the narrative recently. They let you grow your money at a fixed rate over a period of time (referred to as ‘tenure’ or ‘tenor’).įixed deposits interest rates tend to follow the current market’s interest rate. However, bear in mind that you may risk losing all or part of your interest if the fund is withdrawn prematurely.Fixed Deposits aka Time Deposits are interest generating bank accounts with a pre-determined maturity. Typically, the longer your FD period is, the higher the interest rate is. This can also be done via iMoney's online calculator. To get maximum returns from your deposits, check the rates of all the banks before opening an FD. Keep yourself updated with the latest FD promotions by checking iMoney's online calculator regularly (Scroll up to use the calculator).ĭifferent banks have different FD interest rates.

Interest rates from FD promotions are usually higher than the board rate.

Most banks run FD promotions a few times a year in order to entice new and recurring customers. As such, if you have some spare cash that you do not need access to, you can boost your income by choosing to invest in it. FD's generally provide savers with higher interest rates than regular savings accounts.

Ocbc malaysia fixed deposit rate promotion