- How different is the OCBC Booster Account from other savings account?
The OCBC Booster Account is a savings account that rewards you with a high base interest rate when you maintain an account balance of RM30,000 and above.
- How is the interest calculated?
You get base interest on your account balance every month. Base interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.
- What will happen when my account balance falls below RM30,000?
The base interest of 0.10% p.a. 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 interest accrued for this account balance will be 0.10% p.a. 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 interest accrued for this balance will be 1.80% p.a. from the 16th - 31st of the month.
Dates Account Balance Base Interest accrued 1 -15 Aug RM28,000 0.10% a year 16 - 31 Aug RM32,000 1.80% a year - Can I use the money in my OCBC Booster Account?
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?
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.
For the latest fees and charges, please click here
OCBC BOOSTER ACCOUNT
Fast-track the path to your desired lifestyle. Earn up to 1.80% p.a.
Kick start your wealth journey today.
Enjoy up to 1.80% maximum interest a year on your savings with no lock-in period.
1.80%
a year
Base interest
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.
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
RM500
Minimum balance to maintain in account
RM20 (Any transaction resulting in the balance falling below the minimum balance will be rejected)
Statements
Monthly statements
Paper or e-Statement
Terms and conditions
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.
Open your OCBC Booster Account today
or visit us at a branch near you.
Common Questions
You may only open ONE OCBC Booster Account whether in own name or in joint names, where you are the primary account holder.
For New Customers
If you don't have an existing OCBC 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.
Insurance Disclaimer
The above is for general information only and does not constitute any offer or solicitation or advice to buy or sell any insurance plans. It is not a contract of insurance. The precise terms, conditions and definitions of this insurance plan are specified in the policy contract. Insurance plans are not bank deposits and are not obligations of or guaranteed or insured by OCBC Bank (Malaysia) Berhad. These insurance products are obligations only of the insurance company and all claims and liabilities arising from the insurance products shall be referred to insurance company.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and surrender value payable may be less than the total premium paid. You should read the Product Brochure and Sales Illustration (obtainable from OCBC Bank) and you may wish to seek advice from your financial advisor, before deciding whether to buy this product.
OCBC Bank 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 insurance company. OCBC Bank does not endorse or recommend any products or services offered, or represent or verify any information given by insurance company. Other terms and conditions apply. For the full terms and conditions, please refer to any OCBC Bank branches.
Unit Trust Disclaimer
This is for information only and does not constitute any offer, solicitation or advice to buy or sell unit trust funds. Please make your own independent evaluation of the suitability of the product and obtain advice from professional advisers including on tax, accounting and legal matters. We will not be responsible for the consequences of your reliance upon any opinion or statement contained herein or for any omission. These unit trusts are not bank deposits and are not obligations of or guaranteed or insured by OCBC Bank and are subject to investment risk unless otherwise specified. The investment risk includes general risks and specific risks as described in the Prospectus for the unit trust. Past performance is not indicative of future performance; the net asset value can go up or down. Investors should also note that the net asset value per unit and distributions payable, if any, may go down as well as up. The Prospectus has been registered with the Securities Commission, which takes no responsibility for its content. A copy of the Prospectus can be obtained at OCBC Bank's branches. Units will only be issued upon the receipt of application form referred to and accompanying the Prospectus. Investors are advised to read and understand the contents of the Prospectus, and if necessary consult their adviser(s), as well as consider the fees and charges involved before investing in the unit trusts.