Your profit is calculated daily and will be paid upon maturity of your Foreign Currency Time Deposit-i.
FOREIGN CURRENCY TIME DEPOSIT-i
A fixed deposit in 4 global currencies
Deposit your foreign currency funds and earn profit over a pre-determined term.
HOW IT WORKS
The profit rates for this account are subject to revision in tandem with general direction of profit rates.
The profit is calculated daily and paid upon maturity. OCBC Al-Amin Bank reserves the right to change the profit rates and shall do so by posting in the branch or at OCBC Bank’s website.
EASY WAY TO ACCESS AND MANAGE YOUR MONEY
Track your money
View all your OCBC Bank accounts, download previous and current statements, and much more with OCBC Bank Online Banking.
Easy payments and transfers
Pay bills and transfer funds to accounts within OCBC Bank, or to other banks’ accounts via MEPS interbank GIRO.
BEFORE YOU APPLY
Eligibility requirements
Minimum age
Age 18 years old.
Nationality
Malaysian Citizens, Permanent Residents and Non-residents (subject to the country of origin).
Deposit requirements
Initial deposit
10,000 worth of AUD, SGD and USD.
5,000 worth of GBP.
Minimum balance to maintain in account
Same as initial deposit.
Important notices
PIDM disclosure
This deposit is protected by PIDM up to RM250,000 for each depositor.
- Deposit protection is automatic.
- PIDM protects depositors holding deposits with banks.
- There is no charge to depositors for deposit insurance protection.
- Should a bank fail, PIDM will promptly reimburse depositors over their deposits.
For more information, refer to PIDM's DIS Brochures that are available at our counters or go to the website at www.pidm.gov.my.
or visit us at a branch.
FAQ
Common Questions
1. How is my profit calculated and when will I be paid?
2. Can I operate my Foreign Currency Time Deposit Account-i via online banking?
No, you can only open an account, make a placement or withdraw at the branch. However, you may view all your OCBC Bank accounts, download previous and current statements, and much more with OCBC Bank Online Banking.
3. Can I make placements in multiple currencies in the same Foreign Currency Time Deposit Account-i?
No, you may only make a single currency placement in one Foreign Currency Time Deposit account-i.