ocbc bank interest rate fixed deposit malaysia

In the event of a rate hike or cut, the revised rate will be applied on the effective date. Sum of (daily end balance x applicable rate for the day) You may refer to the Product Information Sheet for an illustration or use the Online Calculator please also note the different calculation conventions between base interest and bonus interest (summarised in the table below).

How do I calculate the total interest earned for a month?.

The Bonus Interest will be paid out based on your average daily balance (up to a limit of RM100,000). As such, only transactions that meet the qualifying criteria and are posted to your account within the month are counted towards payment of the Bonus Interest. Delays in the posting of transactions are due to various reasons, such as processing time, cut-off times, business days, etc. There is occasionally a delay between when a transaction is performed by you, and when the transaction is posted to your account.

Do I need to 'time' my eligible transactions?.

However, you will not be eligible for the Bonus Interest(s). You will receive the prevailing Base Interest paid up to the day before the account closure.

What happens if I close my OCBC 360 Account before the interest crediting date?.

This means that if you already have one account in your single name, you will not be allowed to open a joint account as a primary accountholder. No, you may only open one account where you are the Primary Account holder.

Can I open more than one OCBC 360 Account?.

Business day is a day that is not a public holiday in Kuala Lumpur or Saturday or Sunday. You will receive by the 14th business day of the next month truncated to 2 decimal places.

Bonus interest: This interest is based on the first RM100,000 of your account's average daily balance for that calendar month when you fulfil all necessary requirements for 'Deposit', 'Pay' and 'Spend' pillars.

Base interest: This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.

You get 2 types of interest on your account balance every month.

Spend at least RM500 on your OCBC Debit/Credit card(s) every month.

Pay at least 3 bills online every month.

The OCBC 360 Account is a savings account that pays you bonus interest when you do all or any of these:

How different is the OCBC 360 Account from other savings account?.

Ocbc bank interest rate fixed deposit malaysia