The Booster account is also available to Premier Banking customers through Premier Booster, which features multi-tiered interest rates based on account balances.Īdditionally, customers who invest or insure with the bank will receive an additional wealth bonus interest. In a statement, OCBC Bank head of wealth management Ling Seng Chuan (pic) said this savings account provides customers with full flexibility without having to compromise on rates that would otherwise only be available with a FD. With this, the bank hopes to achieve double-digit growth for its savings account balances over last year. If the balance falls below RM30,000, the usual savings interest rate of 0.25% per annum will apply.Īs customers warm up to the no lock-in feature for an account bearing interest rates that resemble that of a fixed deposit, the potential of this savings account is expected to be progressively unlocked. OCBC Bank’s Booster account holders can enjoy a 3.25% per annum interest rate by maintaining an average balance of at least RM30,000 there is no cap to the balance. KUALA LUMPUR: With rates similar to that of fixed deposits (FD), OCBC Bank (M) Bhd’s freshly-minted Booster and Premier Booster savings accounts are set to become the new benchmark for flexible high-interest-yielding savings accounts.
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