Foreign Currency Fixed Deposit (FD) - Best Rates | OCBC Malaysia

OCBC Foreign Currency Time Deposit

A fixed deposit in 9 global currencies

Why you will love this

Currencies available: AUD, CAD, CNY, EUR, GBP, JPY, NZD, SGD and USD

Available in different periods for up to 12 months

Earn interest with pre-determined term

Who can apply

Age 18 and above

Malaysian Citizens, Permanent Residents and Non-residents (subject to the country of origin)

Deposit your foreign currency funds and earn interest over a pre-determined term.

How it works


The interest rate for this account are subject to revision in tandem with general direction of interest rates.

The interest is calculated daily and paid upon maturity. OCBC Bank reserves the right to change the interest 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 accounts, download previous and current statements, and much more with OCBC Online Banking.

Find out more

View all your OCBC accounts, download previous and current statements, and much more with OCBC Online Banking.

Find out more

Easy payments and transfers

Pay bills and transfer funds to accounts within OCBC, or to other banks' accounts via MEPS interbank GIRO.

Find out more

Pay bills and transfer funds to accounts within OCBC, or to other banks' accounts via MEPS interbank GIRO.

Find out more
BEFORE YOU APPLY

Eligibility requirements

Minimum age

18 and above

Nationality

Malaysian Citizens, Permanent Residents and Non-residents (subject to the country of origin)


Deposit requirements

Initial deposit

10,000 worth of AUD, CAD, EUR, NZD, SGD, USD, CNY currencies

5,000 worth of GBP currency

1,000,000 worth of JPY currency

Minimum balance to maintain in account

Same as initial deposit




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

Locate a branch

FAQS
Common questions
1. How is my interest calculated and when will I be paid?

Your interest is calculated daily and will be paid upon maturity of your Foreign Currency Time Deposit.

2. Can I operate my Foreign Currency Time Deposit 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?

No, you may only make a single currency placement in one Foreign Currency Time Deposit account.