- How different is the OCBC Booster Account-i from other savings account?
The OCBC Booster Account-i is a savings account that rewards you with a high base profit rate when you maintain an account balance of RM30,000 and above. In addition, it rewards you with “Wealth” Bonus Profit when you do any of these:
- Invest with OCBC Al-Amin.
- Insure with OCBC Al-Amin.
- How is the profit calculated?
You get 2 types of profit on your account balance every month.
- Base Profit: This profit is accrued daily based on your account's day-end balance and you will receive this at the end of the month.
- Wealth bonus: This profit is based on the first RM50,000 of your account's average daily balance and you will receive this by the 14th business day of the following month or earlier; truncated to 2 decimal places. No wealth bonus will be paid to your Booster Account-i if the total amount of bonus in such month is less than RM0.01.
- What will happen when my account balance falls below RM30,000?
The Base Profit of 0.10% a year will be accrued based on the days where your account balance falls below RM30,000.
For example: If you have maintained your account balance below RM30,000 between the 1st - 15th of the month, then your base profit accrued for this account balance will be 0.10% a year from 1st - 15th of the month. Subsequently, if you maintain your account balance at or above RM30,000 between the 16th - 31st of the month, then your base profit accrued for this balance will be 2.15% a year from the 16th - 31st of the month.
Dates Account balance Base profit accrued 1-15 Aug RM28,000 0.10% a year 16-31 Aug RM32,000 2.15% a year - Can I open more than ONE Booster Account-i?
You may only open ONE OCBC Booster Account-i whether in own name or in joint names, where you are the primary account holder.
- If I have multiple Booster accounts-i, which account will my wealth bonus be paid to?
The wealth bonus will be paid to the account with the higher bonus amount. In the event the wealth bonus amount is the same for several accounts, then the wealth bonus will be paid to the account with the largest account number.
- Can I use the money in my OCBC Booster Account-i?
Yes, you can. There is no lock-in period for this account. You can withdraw money with a debit card and/or access your money through OCBC Online Banking.
- Where can I withdraw money from my OCBC Booster Account-i?
You can withdraw money from any ATM operated by OCBC Group, comprising of OCBC Bank in Malaysia & Singapore, OCBC Al-Amin Bank, OCBC NISP (Indonesia) and OCBC Wing Hang (Hong Kong and Macau) at no charges.
You can also withdraw from any ATM within the MEPS network where your MEPS fee for the first 2 withdrawals of each month will be waived. Subsequent withdrawals will be charged at up to RM1.00 per withdrawal.
For the latest fees and charges, please click here
BOOSTER ACCOUNT-i
Fast-track the path to your desired lifestyle. Earn up to 4.35% p.a.
Kick start your wealth journey today.
OCBC Booster Account-i Opening Promotion
Earn an effective rate of 4.35% a year for 4 months (with a minimum balance of RM30,000 and qualify for 2.00% a year Wealth Bonus).
This promotion is exclusive for New-to-OCBC Booster Account-i customers only.
Promotional period: 15 May 2024 – 28 January 2025.
Terms and conditions apply.
Exclusively for New-to-Booster Account-i Customers.
Campaign Period: 15 May 2024 - 28 January 2025
2.35%
a year
Promotional Base Profit
On your entire balance when you maintain a balance of at least RM30,000.
On your entire balance when you maintain a balance of at least RM30,000.
2.00%
a year
Promotional Wealth Bonus
On the first RM50,000 of your account balance for 4 months depending on the qualifying amount of the selected investment or Takaful.
On the first RM50,000 of your account balance for 4 months depending on the qualifying amount of the selected investment or Takaful.
4.35%
a year
Total Promotional Profit
On a maximum of RM50,000 of your account balance for 4 months, if you qualify for the Base Profit of 2.35% a year and the Wealth Bonus.
On a maximum of RM50,000 of your account balance for 4 months, if you qualify for the Base Profit of 2.35% a year and the Wealth Bonus.
Notes: As an example, if you maintain an account balance of RM30,000 and qualify for the Wealth Bonus on the first RM50,000, the Effective Profit Rate for a 4-month period is 4.35% a year. Enjoy no lock-in period on your funds and MEPS fee waiver for the first 2 withdrawals every month.
Terms and conditions apply.
Enjoy up to 3.35% maximum profit a year on your savings with no lock-in period.
2.15%
a year
Base profit
On your entire account when you maintain a balance of at least RM30,000.
On your entire account when you maintain a balance of at least RM30,000.
1.20%
a year
Wealth Bonus profit
On the first RM50,000 of your account balance for 4 months depending on the qualifying amount of the selected investment or Takaful.
On the first RM50,000 of your account balance for 4 months depending on the qualifying amount of the selected investment or Takaful.
3.35%
a year
Total profit
On a maximum of RM50,000 of your account balance for 4 months, if you qualify for the Base Profit of 2.15% a year and the Wealth Bonus.
On a maximum of RM50,000 of your account balance for 4 months, if you qualify for the Base Profit of 2.15% a year and the Wealth Bonus.
Notes: As an example, if you maintain an account balance of RM30,000 and qualify for the Wealth Bonus on the first RM50,000, the Effective Profit Rate for a 4-month period is 3.35% a year. Enjoy no lock-in period on your funds and MEPS fee waiver for the first 2 withdrawals every month.
Terms and conditions apply.
Enjoy the wealth bonus for 4 months when you invest in any new eligible wealth product from OCBC Al-Amin of at least:
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Notes
To ensure that the product you purchase meets your financial needs, our Personal Financial Consultant will perform a Financial Needs Analysis with you in order to help you make an informed decision.
- The wealth bonus is accorded for 4 months after either (i) the free look/cancellation period ends; or (ii) 14 days after the effective date of purchase, whichever is later. Effective date refers to the inception date of the takaful product and trade date of Unit Trust-i.
- The wealth bonus will be paid on the first RM50,000 of your account’s average daily balance. You will receive it by the 14th business day of the following month.
- Minimum sales charge for eligible unit trust investments is 2.75%.
- The 2 MEPS withdrawal fee waiver is promotional and valid until 31 December 2025.
- If you qualify for the wealth bonus more than once in the same month, you will enjoy the wealth bonus from the effective date of purchase of the latest eligible wealth product.
- You need to be the primary account holder of OCBC Booster Account-i as well as the policy owner of the eligible Takaful product or primary account holder of the eligible investment product.
Enjoy the wealth bonus for 4 months when you invest in any new eligible wealth product from OCBC Al-Amin of at least:
|
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Notes
To ensure that the product you purchase meets your financial needs, our Personal Financial Consultant will perform a Financial Needs Analysis with you in order to help you make an informed decision.
- The wealth bonus is accorded for 4 months after either (i) the free look/cancellation period ends; or (ii) 14 days after the effective date of purchase, whichever is later. Effective date refers to the inception date of the takaful product and trade date of Unit Trust-i.
- The wealth bonus will be paid on the first RM50,000 of your account’s average daily balance. You will receive it by the 14th business day of the following month.
- Minimum sales charge for eligible unit trust investments is 2.75%.
- The 2 MEPS withdrawal fee waiver is promotional and valid until 31 December 2025.
- If you qualify for the wealth bonus more than once in the same month, you will enjoy the wealth bonus from the effective date of purchase of the latest eligible wealth product.
- You need to be the primary account holder of OCBC Booster Account-i as well as the policy owner of the eligible Takaful product or primary account holder of the eligible investment product.
Discover how much profit you can earn
Calculate your profit
Base rate1
0.00% a year
Base profit per month
RM0.00
Wealth Bonus rate2
Up to first RM50,000 only
0.00% a year
Wealth Bonus amount per month
RM0.00
Here is how much profit you earn
Total profit per month
RM0.00
4-month effective profit rate
0.00%
Disclaimer
The amount is calculated on per month (31 days) basis and is for illustration purposes only.
1Base profit per month is calculated based on account daily balance and will be paid on monthly basis.
2Wealth bonus per month is calculated based on account average balance and will be paid on monthly basis.
The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator.
Discover how much profit you can earn
Calculate your profit
Base rate1
0.00% a year
Base profit per month
RM0.00
Wealth Bonus rate2
Up to first RM50,000 only
0.00% a year
Wealth Bonus amount per month
RM0.00
Here is how much profit you earn
Total profit per month
RM0.00
4-month effective profit rate
0.00%
Disclaimer
The amount is calculated on per month (31 days) basis and is for illustration purposes only.
1Base profit per month is calculated based on account daily balance and will be paid on monthly basis.
2Wealth bonus per month is calculated based on account average balance and will be paid on monthly basis.
The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator.
Eligibility requirements
Deposit requirements
(Any transactions resulting in the balance falling below minimum balance shall be rejected).
Statements
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.
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There is no charge to depositors for deposit insurance protection.
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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.
Takaful Disclaimer
The above is for general information only and does not constitute any offer or solicitation or advice to buy or sell any Takaful plan. It is not a contract of Takaful. The precise terms, conditions and definitions of this Takaful plan are specified in the certificates. Takaful plans are not bank deposits and are not obligations of or guaranteed or insured by OCBC Al Amin Bank Berhad. These Takaful products are obligations only of the Takaful company and all claims and liabilities arising from the Takaful products shall be referred to Takaful company.
Buying a Takaful plan is a long-term commitment. An early termination of the certificate usually involves high costs and surrender value payable may be less than the total contribution paid. You should read the Product Brochure and Benefit Illustration (obtainable from OCBC Al Amin Bank Berhad) and you may wish to seek advice from your financial advisor, before deciding whether to buy this product.
OCBC Al Amin Bank Berhad hereby disclaims any liability for any loss or damage (including without limitation, loss of income, profits or goodwill, direct or indirect, incidental, consequential, exemplary, punitive or special damages of any party including third parties) howsoever arising whether in contract, tort, negligence or otherwise in connection with the above plan or any products or services provided or offered by Takaful company. OCBC Al Amin Bank Berhad does not endorse or recommend any products or services offered, or represent or verify any information given by Takaful company. Other terms and conditions apply. For the full terms and conditions, please refer to any OCBC Al Amin Bank Berhad branches.
Unit Trust-i Disclaimer
A copy of the prospectus of the unit trust funds is available and may be obtained from OCBC Al-Amin Bank branches, the Fund Manager, or any of its approved distributors. Potential investors should read the prospectus for details on the unit trust funds before deciding whether to subscribe for or purchase units in the unit trust funds. The value of the units in the unit trust funds and the income accruing to the units, if any, may fall or rise. The investment objective and policies of each of the unit trust funds are stated in the relevant prospectus. Investors may wish to seek advice from a financial adviser before making a commitment to purchase the unit trust funds. In the event that an investor chooses not to seek advice from a financial adviser, he should consider whether the unit trust funds in question are suitable for him. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Al-Amin Bank and it should not be relied upon as such. OCBC Al-Amin Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Al-Amin Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
Open your OCBC Booster Account-i today.
or visit us at a branch near you.Locate a branch
For new customers
If you don't have an existing OCBC Al-Amin account, fill in your details to get us to contact you.
For OCBC customers
If you have Internet Banking access with us, you can log in to OCBC Internet Banking and apply with just a few clicks.
Common Questions
- How do I qualify for the Wealth Bonus?
You need to invest in any eligible wealth product of at least the minimum amount with OCBC Al-Amin Bank. Only purchases made from 18 December 2020 onwards will be eligible.
Note: To ensure that the product you purchase meets your financial needs, our Personal Financial Consultant will perform a Financial Needs Analysis with you in order to help you make an informed decision.
- When will I receive the Wealth Bonus?
This wealth bonus is accorded for 4 months. Payment starts after the month in which either (i) the free look/cancellation period ends; or (ii) 14 days have passed after the effective date of purchase, whichever is later. Effective date of purchase refers to the inception date of the takaful product and trade date of Unit Trust-i.
For example:
Effective date of purchase Date after free look / cancellation period or 14 days from effective date of purchase First month of wealth bonus 1 January 15 January January (Wealth bonus will be credited in February) 20 January 4 February February (Wealth bonus will be credited in March) - How will I know that the base/wealth bonus profit are credited to my OCBC Booster Account-i?
Your base & wealth bonus profit will be reflected in your statement, Online Banking and Mobile Banking transaction history as PROFIT CREDIT (base profit) and WEALTH BONUS. If you close your account before the wealth bonus crediting date, the wealth bonus for the previous month will be forfeited.
- Can I combine the multiple wealth product purchases I made to qualify for the wealth bonus?
Yes, you can. Purchases of the same wealth product meeting the minimum eligibility criteria can be accumulated if their effective date of purchase, after the free look/ cancellation period or 14 days whichever is later, falls in the same calendar month.
For example:
Effective date of first purchase Effective date of second purchase Total investment amount Qualify for wealth bonus? 5 March
RM5,000 lump sum investment in Unit Trust-i A16 March
RM15,000 lump sum investment in Unit Trust-i BRM20,000 Yes 10 April
RM2,000 regular contribution plan A12 April
RM5,000 regular contribution plan BRM7,000 Yes 10 April
RM2,000 regular contribution plan A12 April
RM5,000 lump sum investment in Unit Trust-i BRM7,000 No
Purchases made must be of the same wealth product type - What happens if I qualify for the wealth bonus more than once and the bonus periods overlap?
If you qualify for the wealth bonus 18 December 2020 onwards, for months in which there are overlaps, you will enjoy the maximum wealth bonus of 1.20% a year from the effective date of the latest eligible wealth product for 4 months.
Scenario
You purchase wealth product X in August 2021 and are eligible for 1.20% a year wealth bonus for 4 months (i.e., until November 2021). In October 2021, you purchase product Y and are eligible for 1.20% a year wealth bonus for 4 months. With this, you will receive the wealth bonus of 1.20% a year until January 2022, i.e., the latest qualifying month of the wealth bonus.
- Will my wealth bonus period get renewed when I pay for subsequent regular contributions?
For eligible wealth products with regular contribution, only the first year annual contribution is eligible. Any subsequent contribution payment will not be eligible.
- How long can I enjoy the wealth bonus for if I qualify for it?
As long as you have subscribed to an eligible wealth product with an effective date of purchase after either (i) the free-look/cancellation period ends; or (ii) 14 days have passed, you will enjoy the wealth bonus according to the predetermined period below:
Eligible wealth product Wealth bonus earned Regular contribution takaful 4 months for eligible wealth products purchased from 18 December 2020 onwards Unit Trust-i lump sum investment - Do I continue to get this wealth bonus if I redeem my investments or when they mature?
Yes. You will continue to get this wealth bonus.
- Do I continue to get this wealth bonus if I cancel my investment and/or policy during the free look/cancellation period?
No, you will not be eligible for the wealth bonus. The wealth bonus is accorded for only after the effective date of purchase, after the free look/cancellation period or 14 days, whichever is later.
- How can I pay for the eligible wealth products?
There are many ways to pay for eligible wealth products:
Takaful: Cash, credit card or Auto Debit (via OCBC account)
Unit Trust-i (lump sum investment): Cash, Auto Debit (via OCBC account) or EPF account for applicable funds
For information on the eligible wealth products
For the full list of eligible wealth products, please click here
For takaful, please click here
For Unit Trust-i, please click here
Alternatively, please leave your contact details here and we will get in touch with you.
Below are the examples of financial products that do not qualify for wealth bonus:
- Financing Facility
- Foreign Exchange (FX)
- Takaful term plans
- OCBC ARIP-i