ocbc fixed deposit rate for senior citizen 2023

Typically, you will lock in a sum of money (usually a minimum of $10,000) and the bank will pay you interest after a fixed period. Let’s start by talking a little more about fixed deposits.įixed deposits earn you a guaranteed amount of interest for the money you put in over a specific period of time. (it’s free to read on so why not!) The best fixed deposit rate in Singapore (January 2024) I will share with you my strategy and thoughts. If you are struggling to choose where to park your money, then you should continue to read on. The Telegram community has shown keen interest in a few instruments instruments – fixed deposit accounts, regular deposit accounts, T-Bill and Singapore Savings Bond (SSB).

The best 6-month fixed deposit rate we found was 3.65% p.a., which is below the cut-off yield of the latest 6-month T-bill auction.The best 3-month fixed deposit rate we found was 3.60% p.a. The best 12-month fixed deposit rate we found was 3.30% p.a.For example, Bank of China cut its 6-month fixed deposit rate to 3.45% p.a.Banks in Singapore have largely maintained or lowered their interest rates on fixed deposit accounts in January 2024.

Ocbc fixed deposit rate for senior citizen 2023