![]() ![]() ![]() Structured Deposits can be purchased using cash or Supplementary Retirement Scheme (SRS). Nine months 2023 net profit up 32 to new high of S5.40 billion. Structured Deposits are NOT insured under the Deposit Insurance and Policy Owners’ Protection Schemes Act of Singapore. Note: There are elements of extra risks compared to a normal fixed deposit. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account holders a fixed amount of interest in exchange for depositing a certain sum of money for a certain period of time. How are interest rates for Savings Bonds determined and where can I check the interest. If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. The mechanics are shown in the table below: OCBC and UOB ATMs or internet banking, or OCBCs mobile application. The new OCBC Interest Rate Linked Structured Deposit gives you a fixed interest every 6 months until maturity, unless an Early Termination Event happens or if the deposit is early redeemed. Initial investment amount will be returned if held to maturity and the bank remains solvent.Potentially higher returns than traditional time deposits.Earn a minimum of 3.05% a year with newly launched tranche.Stretch your investment with potentially higher returns ![]()
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