Notices
OCBC Anti-Money Laundering / Countering the Financing of Terrorism & Sanctions Notice (December 2021)
For more information: click here.
[04/02/2023]
Message from email address jc.p**n19*8@gmail.com alleging personal moral misconduct on the part of two OCBC Malaysia staff
It has come to our attention that an email recently started circulating alleging personal moral misconduct on the part of two OCBC Malaysia staff. This is to confirm that the purported sender has categorically denied that his identity should be associated with the email and that it is thus fraudulent, defamatory and an attempted impersonation. All parties involved have since made police reports and instituted legal proceedings against whoever the perpetrator of the email might be. OCBC Malaysia continues to work closely on the matter with the relevant parties to ensure the Bank's reputation for maintaining the highest standards of conduct is always recognised, maintained and protected.
[20/01/2023]
THE OCBC 90th ANNIVERSARY FIXED DEPOSIT/-i AND MULTI CURRENCY TERM DEPOSIT (MYR) PROMOTION WILL END ON 29 JAN 2023
For more information: click here.
[21/12/2022]
Removal of PIDM annual disclosure requirement in respect of a trust account by trustees
From 2023 onwards, a trustee acting for two or more beneficiaries in a single trust account, is no longer required to submit the updated trust account information and beneficiary's details to the member bank on an annual basis.
The trustee is obligated to maintain detailed records of the beneficiary's details, comprising the name and address of each beneficiary, and the amount or percentage of each beneficiary's interest in the trust account. The detailed records of the beneficiary's details are to be updated from time to time, for submission to either PIDM or the bank, as and when required by PIDM.
For more information, please refer to the Malaysia Deposit Insurance Corporation (Disclosure requirements for Trust Accounts and Joint Accounts) Regulations 2012 and Malaysia Deposit Insurance Corporation (Disclosure requirements for Trust Accounts and Joint Accounts) (Amendment) Regulations 2022.
The trustee is obligated to maintain detailed records of the beneficiary's details, comprising the name and address of each beneficiary, and the amount or percentage of each beneficiary's interest in the trust account. The detailed records of the beneficiary's details are to be updated from time to time, for submission to either PIDM or the bank, as and when required by PIDM.
For more information, please refer to the Malaysia Deposit Insurance Corporation (Disclosure requirements for Trust Accounts and Joint Accounts) Regulations 2012 and Malaysia Deposit Insurance Corporation (Disclosure requirements for Trust Accounts and Joint Accounts) (Amendment) Regulations 2022.
[01/12/2022]
Flex x DuitNow Campaign Winner Announcement
Thank you for your participation and congratulations to the lucky winners of Flex x DuitNow Campaign. The campaign winners will receive emails, SMS and/or calls from the Bank to notify them of their winning. Stay Tuned!
Click here for more information on the campaign and the winner listing: Flex x DuitNow Campaign Page | Flex x DuitNow Campaign Winner List
Click here for more information on the campaign and the winner listing: Flex x DuitNow Campaign Page | Flex x DuitNow Campaign Winner List
[28/11/2022]
Revision on the minimum balance to be maintained in OCBC 360 Account/-i, and discontinuation of cash awards for OCBC Young Savers Account and OCBC Imad Young Account-i effective 30 December 2022
For more information: click here.
[08/11/2022]
REVISION ON INTEREST / PROFIT RATES FOR FD/-i, MULTI CURRENCY TERM DEPOSIT, CURRENT & SAVINGS ACCOUNT/-i FOLLOWING OPR HIKE ON 3 NOV 2022
For more information: click here.
[04/11/2022]
THE PREMIER DEAL FOR PREMIER AND PREMIER PRIVATE CLIENT MEMBERS WILL END ON 8 NOV 2022
For more information: click here.
[02/11/2022]
Beware of documents by "Plantations International" using the OCBC Bank logo
We recently discovered documents being circulated by one "Plantations International" claiming an association with OCBC Bank and several others in relation to Organic Musang King Durian plantation ownership opportunities in Malaysia. We would like to highlight that OCBC Bank does not have any association with "Plantations International" or United Tropical Fruits Sdn Bhd and that our logo has been used in the documents without our consent. Please call us at 03-8317 5000 if you have any questions. The public is advised to be vigilant to verify with the regulatory authorities (such as the Companies Commission of Malaysia) on any investment schemes (including schemes that are registrable/regulated under the Interest Schemes Act 2016).
[13/09/2022]
REVISION ON INTEREST RATES / PROFIT RATES FOR FD/-I, MULTI CURRENCY TERM DEPOSIT, CURRENT & SAVINGS ACCOUNT/-i FOLLOWING OPR HIKE ON 8 SEP 2022
For more information: click here.
[09/09/2022]
THE PREMIER DEAL FOR PREMIER AND PREMIER PRIVATE CLIENT MEMBERS WILL END ON 13 SEP 2022
For more information: click here.
[12/07/2022]
REVISION ON INTEREST RATES / PROFIT RATES FOR FD/-I, MULTI CURRENCY TERM DEPOSIT, CURRENT & SAVINGS ACCOUNT/-i FOLLOWING OPR HIKE ON 6 JUL 2022
For more information: click here.
[07/07/2022]
THE PREMIER DEAL FOR PREMIER AND PREMIER PRIVATE CLIENT MEMBERS WILL END ON 12 JUL 2022
For more information: click here.
[06/07/2022]
We have revised the Product Information Sheet for OCBC SmartSavers Junior Account , OCBC SmartSavers Plan-i, OCBC Young Savers Account and OCBC Imad Young Savings Account-i
This revised Product Information Sheet will take effect on 27 July 2022.
Please refer to this document for a summary of the key changes.
Please refer to this document for a summary of the key changes.
[28/06/2022]
Revision of the Terms and Conditions for Q3'22 CASA Top Up Promotion
The Bank has revised the Terms and Conditions for Q3'22 CASA Top Up Promotion to provide clarity on Clause 5(e)
This revised Terms and Conditions will take effect 1 July 2022. Please refer to here for the summary of changes.
This revised Terms and Conditions will take effect 1 July 2022. Please refer to here for the summary of changes.
[10/06/2022]
Revision of debit card fees and charges
Effective 1 July 2022, there will be a RM0.50 fee charged to cardholders for each MyDebit Cash Out transaction using debit card.
For more information: click here.
For more information: click here.
[10/06/2022]
Revision of Debit Card/-i Product Disclosure Sheet
Effective 1 July 2022, Debit Card/-i Product Disclosure Sheet will be revised by adding MyDebit Cash Out Fee in the Fees and Charges table.
For more information: click here.
For more information: click here.
[07/06/2022]
SMS to notify Shortlisted Customers of the JomPAY and Win Campaign
The Bank will be sending SMS from 7 June 2022 to 8 June 2022 to the shortlisted customers of the JomPAY and Win Campaign ('JomPAY Campaign'). Customers who received the SMS are required to reply the SMS with the correct answer by 12 June 2022 to stand a chance to win the Campaign Prizes. Terms and conditions apply.
Click here for more information: JomPAY and Win Campaign Page | FAQ for Winner Selection SMS Blast
Click here for more information: JomPAY and Win Campaign Page | FAQ for Winner Selection SMS Blast
[01/06/2022]
SMS to notify Shortlisted Customers of the #SoEasy Chinese New Year Campaign
The Bank will be sending SMS on 1 June 2022 and 2 June 2022 to the shortlisted customers of the #SoEasy Chinese New Year Campaign ('CNY Campaign'). Customers who received the SMS are required to reply the SMS with the correct answer by 5 June 2022 to stand a chance to win the Campaign Prizes. Terms and conditions apply.
Click here for more information: #SoEasy Chinese New Year Campaign Page | FAQ for Winner Selection SMS Blast
Click here for more information: #SoEasy Chinese New Year Campaign Page | FAQ for Winner Selection SMS Blast
[17/05/2022]
THE PREMIER DEAL FOR PREMIER AND PREMIER PRIVATE CLIENT MEMBERS AND THE Q2'22 FIXED DEPOSIT CAMPAIGN WILL END ON 17 MAY 2022.
For more information: click here.
[17/05/2022]
REVISION ON INTEREST RATES / PROFIT RATES FOR FD/-i, MULTI CURRENCY TERM DEPOSIT, CURRENT & SAVINGS ACCOUNT/-i FOLLOWING OPR HIKE ON 11 MAY 2022.
For revised rates: click here.
[10/01/2022]
OCBC FRANK Account will be known as OCBC Flex Account starting 1 February 2022
Starting 1 February 2022, the OCBC FRANK Account will be known as OCBC Flex Account.
The features, terms & conditions and fees & charges of the Flex account remains the same as the OCBC FRANK Account.
If you are holding the FRANK Debit Card, you can continue using the card until its expiry date.
Click here for more information on the change of name for the OCBC FRANK Account.
The features, terms & conditions and fees & charges of the Flex account remains the same as the OCBC FRANK Account.
If you are holding the FRANK Debit Card, you can continue using the card until its expiry date.
Click here for more information on the change of name for the OCBC FRANK Account.
[30/12/2021]
We have updated our Accounts and Services - Main Terms and Conditions for OCBC Al-Amin
in the following section :
Part2B Section 3.3 (b) All terms and conditions stated in Clause [2.3] Tawarruq Fixed Deposit-i/Time Deposit-i shall apply to FCTD-i except that the Customer's rebate (ibra') on the Bank's Purchase Price shall be equivalent to the Profit.
This updated Terms and Conditions will take effect starting 20 January 2022. Please refer to our website for the full Terms and Conditions.
Part2B Section 3.3 (b) All terms and conditions stated in Clause [2.3] Tawarruq Fixed Deposit-i/Time Deposit-i shall apply to FCTD-i except that the Customer's rebate (ibra') on the Bank's Purchase Price shall be equivalent to the Profit.
This updated Terms and Conditions will take effect starting 20 January 2022. Please refer to our website for the full Terms and Conditions.
[15/12/2021]
Reinstatement of RM1 interbank cash withdrawal fee from 1 February 2022 onwards
Effective 1 February 2022, there will be a RM1 fee charged to cardholders for each cash withdrawal at an ATM of another bank. OCBC cardholders can continue to perform cash withdrawal transactions at OCBC's ATMs for free.
[14/12/2021]
Revision of the Accounts and Services - Main Terms and Conditions for OCBC and OCBC Al-Amin
The Bank has revised the Main Terms and Conditions for OCBC and OCBC Al-Amin.
This revised Accounts and Services - Main Terms and Conditions will take effect on 5 January 2022. Please refer to this document for more details.
This revised Accounts and Services - Main Terms and Conditions will take effect on 5 January 2022. Please refer to this document for more details.
[30/11/2021]
Revision of the Internet Banking Terms and Conditions
The Bank has revised the Terms and Conditions for Internet Banking, The term Internet Banking Services Terms and Condition has been revised to Online Banking Services Terms and Condition.
This revised Terms and Conditions will take effect on 21 December 2021. Please refer to our website for the revised Terms and Conditions.
This revised Terms and Conditions will take effect on 21 December 2021. Please refer to our website for the revised Terms and Conditions.
[15/11/2021]
Joint press release by The Association of Banks in Malaysia (ABM), Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), Association of Development Finance Institutions of Malaysia (ADFIM) and Agensi Kaunseling dan Pengurusan Kredit (AKPK). Applications for URUS Now Open for Eligible B50 Customers.
The Association of Banks in Malaysia (ABM), Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), Association of Development Finance Institutions of Malaysia (ADFIM) and Agensi Kaunseling dan Pengurusan Kredit (AKPK) are pleased to announce that applications for the Financial Management and Resilience Programme (Program Pengurusan dan Ketahanan Kewangan, URUS) for eligible B50 individual customers are now open and will remain open until 31 January 2022.
Please refer to this document for more details.
Please refer to this document for more details.
[15/11/2021]
FAQs on PROGRAM PENGURUSAN DAN KETAHANAN KEWANGAN (URUS) (Financial Management and Resilience Programme) as at 15 November 2021.
[14/10/2021]
Revision of Terms and Conditions for OCBC Booster/-i and OCBC Premier Booster/-i accounts
The Bank has revised the Terms and Conditions for the OCBC Booster, OCBC Booster-i, OCBC Premier Booster and OCBC Premier Booster-i accounts in line with our efforts to promote clarity and make it easier to understand key Terms and Conditions of the accounts.
This revised Terms and Conditions will take effect on 04 November 2021. Please refer to our website for the revised Terms and Conditions.
This revised Terms and Conditions will take effect on 04 November 2021. Please refer to our website for the revised Terms and Conditions.
[30/08/2021]
Revision of Product Information Sheet for Easi-Save Account, Aqil Savings Account-i, Young Savers Account & Imad Young Savings Account-i
This revised Product Information Sheet will take effect on 21 September 2021.
Please refer to this document for a summary of the key changes.
Please refer to this document for a summary of the key changes.
[10/06/2021]
We will be updating the Wealth Bonus Appendix for Booster Account-i and Premier Booster Account-i starting 1 July 2021.
For more information: click here.
[19/04/2021]
We wish to inform you that we will be closing 4 branches, i.e. Ijok, Rawang, Balakong and Wangsa Maju from 15 October 2021 onwards.
Please refer to this document for more details.
[15/04/2021]
We will be converting your eSmartSavers Account to SmartSavers Account on 7 May 2021
Please refer to this document for more details.
[29/03/2021]
Revision of OCBC Al-Amin Accounts & Services - Main Terms and Conditions, Product Information Sheet for Fixed Deposit-i, Mi Fixed Deposit-i & Time Deposit-i
The Bank has revised its OCBC Al-Amin Accounts & Services - Main Terms and Conditions, Product Information Sheet for Fixed Deposit-i, Mi Fixed Deposit-i and Time Deposit-i effective from 29 March 2021.
Please refer to this document for more details.
Please refer to this document for more details.
[22/03/2021]
Extension of Trust Account Declaration submission deadline to 31 May 2021
Every year, PIDM, under Malaysia Deposit Insurance Corporation (Disclosure Requirements for Trust & Joint Accounts) Regulations 2012, requires depositors to submit the annual disclosure of their trust account and beneficiary information by 31 March.
As part of the operational relief measures to weather the COVID-19 outbreak, PIDM has granted an extension for depositors acting as trustees to make their submission by 31 May 2021 instead of 31 March 2021.
As part of the operational relief measures to weather the COVID-19 outbreak, PIDM has granted an extension for depositors acting as trustees to make their submission by 31 May 2021 instead of 31 March 2021.
[15/03/2021]
The Fixed Deposit/-i Promotion will end on 17 MARCH 2021
For more information: click here.
[10/03/2021]
Go green, go paperless
Please note that we will stop sending placement advices for Fixed Deposit-i and Time Deposit-i effective 1 April 2021 as part of our efforts to save our environment.
You may refer to your Fixed Deposit-i or Time Deposit-i receipt, monthly account statements or e-Statements and access OCBC Online Banking or Mobile Banking for details of your Fixed Deposit-i and Time Deposit-i placements.
To gain access to OCBC Online Banking, please sign up at www.ocbc.com.my/register.
You may refer to your Fixed Deposit-i or Time Deposit-i receipt, monthly account statements or e-Statements and access OCBC Online Banking or Mobile Banking for details of your Fixed Deposit-i and Time Deposit-i placements.
To gain access to OCBC Online Banking, please sign up at www.ocbc.com.my/register.
[11/02/2021]
Revision of OCBC 360 Account/-i Terms and Conditions
The Bank has revised the Terms and Conditions (T&C) for the OCBC 360 Account/-i.
This revised Terms and Conditions will take effect on 3 March 2021.
Please refer to this document for a summary of the key changes.
This revised Terms and Conditions will take effect on 3 March 2021.
Please refer to this document for a summary of the key changes.
[21/01/2021]
We are revising the interest rates for your eSmartSavers Account starting 1 February 2021
For more information: click here
[28/12/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR OCBC 360 ACCOUNT/-i, BOOSTER ACCOUNT/-i, PREMIER BOOSTER ACCOUNT/-i EFFECTIVE 1 JANUARY 2021
For revised rates: click here
[18/12/2020]
We will only provide electronic statement for the selected savings account opened from 8 January 2021 onwards
For more information: click here
[04/12/2020]
Activate your Fixed Deposit, Fixed Deposit-i, Time Deposit or Time Deposit-i account by 30 December 2020
For more information: click here
[01/12/2020]
We will revise the minimum balance to maintain in Booster Account/Booster Account-i effective on 18 December 2020
For more information: click here
[01/12/2020] NEW!
Wealth Bonus Interest/Profit as a product permanent feature for Premier Booster Account/Premier Booster Account-i/Booster Account/Booster Account-i effective on 18 December 2020
For more information: click here
[30/11/2020]
We will be converting EasiStart Savings Account to EasiSave Account on 21 December 2020
For more information: click here
[27/11/2020]
Revision on terms and conditions effective 30 November 2020 (for new customers) and 21 December 2020 (for existing customers)
For details, please click here
[11/11/2020]
THE MYDEAL PROMOTION WILL END ON 17 DECEMBER 2020
For more information: click here
[10/11/2020]
Revision on terms and conditions govern OCBC Bank (Malaysia) Berhad's depository and current accounts and the services specified hereunder.
These terms and conditions will take effect from 6 November 2020.
For existing customers, these terms and conditions will take effect from 1 December 2020.
Please click HERE to view the Term & Conditions.
For existing customers, these terms and conditions will take effect from 1 December 2020.
Please click HERE to view the Term & Conditions.
[09/11/2020]
Introduction of Partial Premature Withdrawal as a new feature for selected Malaysian Ringgit Fixed Deposit and Fixed Deposit-i effective 01 December 2020.
Please refer to this document for a summary of the new feature.
[23/10/2020]
Go green, Go paperless - paper advices for Fixed Deposit/Time Deposit placements will be discontinued w.e.f. 15 November 2020 as part of our efforts to save our environment.
Please refer to your monthly account statements/electronic statements, Internet Banking and Mobile Banking for details of your Fixed Deposit/Time Deposit placements.
Need help to sign up for Internet Banking and Mobile Banking?
Please go to Help & Support: Online and Mobile Banking or call our Customer Service at 603 83175000.
Need help to sign up for Internet Banking and Mobile Banking?
Please go to Help & Support: Online and Mobile Banking or call our Customer Service at 603 83175000.
[21/10/2020]
THE FIXED DEPOSIT ONLINE PROMOTION WILL END ON 25 OCTOBER 2020
For more information: click here
[27/8/2020]
OCBC nuon Account and OCBC nuon Debit Card will be known as OCBC FRANK Account and OCBC FRANK Debit Card effective 16 September 2020
Starting 16 September 2020, the OCBC nuon Account and OCBC nuon Debit Card will be known as OCBC FRANK Account and OCBC FRANK Debit Card.
The features, terms & conditions, and fees & charges of the FRANK account and FRANK Debit Card, remains the same as the OCBC nuon Account and OCBC nuon Debit Card respectively.
Click here for more information on the change of name for the OCBC nuon Account and OCBC nuon Debit Card.
The features, terms & conditions, and fees & charges of the FRANK account and FRANK Debit Card, remains the same as the OCBC nuon Account and OCBC nuon Debit Card respectively.
Click here for more information on the change of name for the OCBC nuon Account and OCBC nuon Debit Card.
[18/08/20]
Subscribe to Sukuk Prihatin and enjoy profit rate of 2.00% p.a at maturity
Sukuk Prihatin is a Shariah compliant product issued by the Government of Malaysia and it offers a profit rate of 2.00% p.a at maturity*. Sukuk Prihatin is available for subscription to all Malaysian Individuals and Corporates/Institutions. Proceeds from the Sukuk Prihatin will be channelled to the Kumpulan Wang COVID-19 to finance measures announced in the economic stimulus packages and recovery plan to address the COVID-19 crisis.
*Terms & Conditions apply. View here (for ENG) or here (for BM).
If you wish to learn more, please refer to Sukuk Prihatin Knowledge Pack (ENG) or Pek Maklumat Sukuk Prihatin (BM) For more information on PENJANA initiatives and Sukuk Prihatin, please visit PENJANA official website.
*Terms & Conditions apply. View here (for ENG) or here (for BM).
If you wish to learn more, please refer to Sukuk Prihatin Knowledge Pack (ENG) or Pek Maklumat Sukuk Prihatin (BM) For more information on PENJANA initiatives and Sukuk Prihatin, please visit PENJANA official website.
[24/07/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR FOREIGN CURRENCY CALL ACCOUNT/-i FOR CNY, AUD AND NZD EFFECTIVE 18 AUGUST 2020
For revised rates: FCY Call account
[13/07/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR YOUNG SAVERS ACCOUNT, FIXED DEPOSIT & FIXED DEPOSIT-i FOLLOWING OPR CUT ON 7 JULY 2020
For revised rates: Young Savers Account, Fixed Deposit & Fixed Deposit-i
[09/07/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR CURRENT & SAVINGS ACCOUNT/-i FOLLOWING OPR CUT ON 7 JULY 2020
For revised rates: Current & Savings/-i
[29/06/2020]
REVISED PREMIER SAVE ACCOUNT/ PREMIER SAVE ACCOUNT-I INTEREST/ PROFIT RATE STRUCTURE EFFECTIVE 20 JULY 2020
Interest/profit rate for account balances above RM200k on Premier Save Account/Premier Save Account-i will be changed from a 1M KLIBOR fixing minus an adjustment rate to an independent interest/profit rate.
For more information: Changes to Premier Save Account & Premier Save Account-i
For more information: Changes to Premier Save Account & Premier Save Account-i
[18/06/2020]
REVISION ON THE INTEREST RATES FOR THE FIXED DEPOSIT ONLINE PROMOTION EFFECTIVE 22 JUNE 2020
For revised rates: Online FD Promotion
[13/05/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR YOUNG SAVER ACCOUNT, FIXED DEPOSIT & FIXED DEPOSIT-i FOLLOWING OPR CUT ON 5 MAY 2020
For revised rates: Young Savers Account, Fixed Deposit & Fixed Deposit-i
[08/05/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR CURRENT & SAVINGS ACCOUNT/-i FOLLOWING OPR CUT ON 5 MAY 2020
For revised rates: Current & Savings/-i
[30/04/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR FOREIGN CURRENCY CALL ACCOUNT/-i FOR NZD AND AUD EFFECTIVE 22 MAY 2020
For revised rates: FCY Call account | FCY Call account-i
[31/03/2020]
Extension of Trust Account Declaration to 31 May 2020
Every year, PIDM, under Malaysia Deposit Insurance Corporation (Disclosure Requirements for Trust & Joint Accounts) Regulations 2012, requires depositors to submit the annual disclosure of their trust account and beneficiary information by 31 March.
In view of the current Movement Control Order, PIDM has granted an extension for depositors acting as trustees to make their submission by 31 May 2020 instead of 31 March 2020.
In view of the current Movement Control Order, PIDM has granted an extension for depositors acting as trustees to make their submission by 31 May 2020 instead of 31 March 2020.
[31/03/2020]
Delayed Printing of Statements & Delivery of Credit Cards
The Movement Control Order has affected the printing of statements and the delivery of credit cards. To view your statements and to enjoy the convenience of banking in the comfort of your own home, we highly recommend you register for our Internet Banking services AND subscribe for e-Statements.
For existing internet banking customers, click here to log in and subscribe to e-Statement under "Your accounts" followed by "Manage e-Statements".
You may also view the steps through our FAQ by clicking here and looking for "Apply for e-Statement and email e-Statement".
Alternatively, do call our Customer Service Hotline at 03-83175000 to register & receive e-Statement emails.
Please Stay Safe, Stay Home!
- It is Secure, because it is password protected.
- It is Fast, you won't be affected by any postal service delay.
- It is Simple, just retrieve it from Internet Banking, Mobile Banking or email!
For existing internet banking customers, click here to log in and subscribe to e-Statement under "Your accounts" followed by "Manage e-Statements".
You may also view the steps through our FAQ by clicking here and looking for "Apply for e-Statement and email e-Statement".
Alternatively, do call our Customer Service Hotline at 03-83175000 to register & receive e-Statement emails.
Please Stay Safe, Stay Home!
[16/03/2020]
Revision of OCBC 360 Account/-i Terms and Conditions and Product Information Sheet
The Bank has revised the Terms and Conditions (T&C) as well as the Product Information Sheet (PIS) for the OCBC 360 Account/-i. This revised Terms and Conditions and Product Information Sheet will take effect on 6 April 2020.
Please refer to this document for a summary of the key changes.
Please refer to this document for a summary of the key changes.
[09/03/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR YOUNG SAVER ACCOUNT, FIXED DEPOSIT & FIXED DEPOSIT-i FOLLOWING OPR CUT ON 3 MAR 2020
For revised rates: Young Savers Account, Fixed Deposit & Fixed Deposit-i
[05/03/2020]
REVISION ON INTEREST RATES / PROFIT RATES FOR CURRENT & SAVINGS ACCOUNT/-i FOLLOWING OPR CUT ON 3 MAR 2020
For revised rates: Current & Savings/-i
[29/01/2020]
Savings account & fixed deposit rate revision
In line with the Overnight Policy Rate cut, we have revised our Savings Account & Fixed Deposit rates accordingly.
| Type of Savings Account | Tier/Category | Current Rate (p.a.) | New Rate (p.a.) effective 29 Jan 2020 |
| Premier Account |
Up to RM50,000 Up to RM200,000 Up to RM3 mil RM3 mil and above |
0.00% 0.25% 0.40% 0.60% |
0.00% 0.10% 0.25% 0.45% |
| Type of Savings Account | Tier/Category | Current Rate (p.a.) | New Rate (p.a.) effective 29 Jan 2020 | |
| Premier Save Account/ Premier Save Account-i | Below RM200,000 RM200,000 and above |
0.50% 1M KLIBOR - adjustment rate (refer eRate) |
0.25% 1M KLIBOR - adjustment rate (refer eRate) |
|
|
Booster Account/ Booster Account-i |
Below RM30,000 RM30,000 and above |
0.25% 3.00% |
0.10% 2.70% |
|
|
Premier Booster Account/ Premier Booster Account- |
Below RM200,000 RM200,000 - < RM3 mil RM3 mil - < RM10 mil RM10 mil and above |
0.50% 3.10% 3.30% 3.80% |
0.25% 2.85% 3.00% 3.40% |
|
|
360 Account/ 360 Account-i |
Base Rate Deposit Bonus Pay Bonus Spend Bonus |
0.20% 1.30% 1.30% 1.30% |
0.15% 1.15% 1.15% 1.15% |
|
| nuon Savings Account |
Base Rate Save Pot Bonus |
1.00% 1.80% |
1.00% 1.60% |
|
| Easi-Save Plus Account | All balances | 0.25% | 0.15% | |
| Young Savers Account |
Up to RM50,000 Above RM50,000 |
2.65% 0.30% |
2.40% 0.20% |
|
| Esteem Savings Account |
Up to RM300,000 Up to RM1 mil Above RM1 mil |
0.25% 0.50% 0.70% |
0.05% 0.20% 0.40% |
|
| MoneyMax Savings Account |
Up to RM100,000 Up to RM500,000 Above RM500,000 |
0.25% 0.50% 0.70% |
0.05% 0.20% 0.40% |
|
| Builder Savings Account/ Builder Gold Savings Account/ Builder Express Savings Account/ Legacy Savings Account |
First RM50,000 Next RM50,000 Above RM100,000 |
2.05% 2.35% 0.25% |
1.75% 2.00% 0.10% |
|
| EasiStart Savings Account |
RM0 - RM10,000 RM10,001 - RM15,000 Above RM15,000 |
0.20% 0.35% 1.75% |
0.10% 0.10% 1.40% |
|
| Multiplier Savings Account (10 years) |
First RM250,000 Above RM250,000 |
2.80% 2.40% |
2.55% 2.15% |
|
| Multiplier Savings Account (15 years) |
First RM500,000 Above RM500,000 |
2.80% 2.40% |
2.55% 2.15% |
|
|
There will be no changes to the 1.20%p.a. Wealth Bonus for Booster Account/ Booster Account-i/ Premier Booster Account/ Premier Booster Account-i. |
||||
| Type of Savings Account | Tier/Category | Current Rate (p.a.) | New Rate (p.a.) effective 1 Feb 2020 |
| SmartSavers Account/ SmartSavers Account-i & SmartSavers Junior Account/ SmartSavers Junior Account-i & iQ SmartSavers Account/ iQ SmartSavers Account-i |
Deposit with no withdrawal:
|
2.15% 2.55% 0.25% |
1.85% 2.25% 0.25% |
| SmartSavers - Mortgage |
Deposit with no withdrawal:
|
2.15% 2.55% 0.25% |
1.85% 2.25% 0.25% |
| Starter Savings Account/ Starter Savings Account - Protect / Invest |
Deposit with no withdrawal:
|
0.25% 2.50% 2.60% 2.90% 0.25% 1.13% 1.18% 1.33% |
0.15% 2.25% 2.35% 2.65% 0.15% 0.88% 0.93% 1.08% |
| Type of Savings Account | Balance | Existing Interest Rate (% p.a.) | Revised Interest Rates (% p.a.) |
| Young Savers Account |
|
|
|
| Fixed Deposit (Resident rate) | ||
| Existing Tenure | Existing Interest Rate (% p.a.) | Revised Interest Rates (% p.a.) |
| 1 - 2 months | 2.65% | 2.40% |
| 3 months | 2.75% | 2.50% |
| 4 - 5 months | 2.85% | 2.60% |
| 6 months | 2.90% | 2.65% |
| 7 - 12 months | 3.00% | 2.75% |
| 13 - 17 months | 3.05% | 2.80% |
| 18 - 60 months | 3.10% | 2.85% |
| Fixed Deposit (Non Resident rate) | ||
| Existing Tenure | Existing Interest Rate (% p.a.) | Revised Interest Rates (% p.a.) |
| 1 - 5 months | 2.15% | 1.90% |
| 6 - 17 months | 2.30% | 2.05% |
| 18 - 60 months | 2.35% | 2.10% |
| Fixed Deposit-i / Time Deposit-i (Resident rate) | ||
| Existing Tenure | Existing Interest Rate (% p.a.) | Revised Interest Rates (% p.a.) |
| 1 - 2 months | 2.65% | 2.40% |
| 3 months | 2.75% | 2.50% |
| 4 - 5 months | 2.85% | 2.60% |
| 6 months | 2.90% | 2.65% |
| 7 - 12 months | 3.00% | 2.75% |
| 13 - 17 months | 3.05% | 2.80% |
| 18 - 60 months | 3.10% | 2.85% |
| Fixed Deposit-i / Time Deposit-i (Non Resident rate) | ||
| Existing Tenure | Existing Interest Rate (% p.a.) | Revised Interest Rates (% p.a.) |
| 1 - 5 months | 2.15% | 1.90% |
| 6 - 17 months | 2.30% | 2.05% |
| 18 - 60 months | 2.35% | 2.10% |
[10/12/19]
Your Savings Account conversion to MoneyMax Account
We have converted your Builder/ Builder Express/ Multiplier/ Builder Gold/ Legacy Savings Account to MoneyMax Account because your Great Eastern insurance policy is lapsed/ has matured/ has been claimed/ surrendered. Although there is a change in your
account type, your account number remains the same. Click for more information on your OCBC MoneyMax Account - EN BM as well as its Interest rates and Accounts & Services
- Main Terms and Condition.
[25/11/19]
Revision of OCBC 360 Account/-i Terms and Conditions and Product Information Sheet
The Bank has revised the Terms and Conditions (T&C) as well as the Product Information Sheet (PIS) for the OCBC 360 Account/-i.
This revised Terms and Conditions and Product Information Sheet will take effect on 18 December 2019.
Please refer to this document which have summarised the key changes.
This revised Terms and Conditions and Product Information Sheet will take effect on 18 December 2019.
Please refer to this document which have summarised the key changes.
[24/10/19]
We will stop sending Fixed Deposit Withdrawal Advices
Please note that we will stop sending withdrawal advices for Fixed Deposit/-i and Foreign Currency Time Deposit/-i to customers effective 15 November 2019. Customers may refer to their monthly account statements, Internet Banking and Mobile Banking for
details of their fixed deposit withdrawals.
[13/05/19]
Savings account & fixed deposit rate revision
In line with the Overnight Policy Rate cut, we have revised our Savings Account & Fixed Deposit rates accordingly.
There are no changes to Easi-Save Account, Easi-Save Plus Account, Premier Account, Current Account & the 1.20% p.a. Wealth Bonus for Booster Account/ Booster Account-i/ Premier Booster/ Premier Booster Account-i.
| Type of Savings Account | Old Rate (p.a.) |
New Rate (p.a.) effective
from 8 May 2019 |
|
Premier Save Account/
Premier Save Account-i |
Below RM200,000 - 1.00%
RM200,000 and above - 3.35% |
Below RM200,000 - 0.50%
RM200,000 and above - 3.11% |
| Type of Savings Account | Old Rate (p.a.) |
New Rate (p.a.) effective
from 9 May 2019 |
|
Booster Account/
Booster Account-i |
Below RM30,000 - 0.25%
RM30,000 and above - 3.25% |
Below RM30,000 - 0.25%
RM30,000 and above - 3.00% |
|
Premier Booster Account/
Premier Booster Account-i |
Below RM200,000 - 0.50%
Up to <RM3,000,000 - 3.35% Up to <RM10,000,000 - 3.50% RM10,000,000 and above -3.80% |
Below RM200,000 - 0.50%
Up to <RM3,000,000 - 3.10% Up to <RM10,000,000 - 3.30% RM10,000,000 and above - 3.80% |
|
360 Account/
360 Account-i |
Base rate - 0.50%
Deposit Bonus - 1.20% Pay Bonus - 1.20% Spend Bonus - 1.20% |
Base rate - 0.20%
Deposit Bonus - 1.30% Pay Bonus - 1.30% Spend Bonus - 1.30% |
| Esteem Savings Account |
Up to RM75,000 - 0.25%
Up to RM300,000 - 0.30% Up to RM1,000,000 - 0.75% Above RM1,000,000 - 0.95% |
Up to RM75,000 - 0.25%
Up to RM300,000 - 0.25% Up to RM1,000,000 - 0.50% Above RM1,000,000 - 0.70% |
| MoneyMax Savings Account |
Up to RM50,000 - 0.25%
Up to RM100,000 - 0.25% Up to RM500,000 - 0.35% Above RM500,000 - 0.95% |
Up to RM50,000 - 0.25%
Up to RM100,000 - 0.25% Up to RM500,000 - 0.50% Above RM500,000 - 0.70% |
|
Builder Savings Account/
Builder Gold Savings Account/ Builder Express Savings Account/ Legacy Savings Account |
First RM50,000 - 2.30%
Next RM50,000 - 2.65% Above RM100,000 - 0.50% |
First RM50,000 - 2.05%
Next RM50,000 - 2.35% Above RM100,000 - 0.25% |
| Freedom Savings Account |
First RM100,000 - 2.30%
Above RM100,000 - 2.65% |
First RM100,000 - 2.05%
Above RM100,000 - 2.35% |
| EasiStart Savings Account |
RM5,000 and below - 0.20%
Up to RM10,000 - 0.40% Up to RM15,000 - 0.60% Above RM15,000 - 2.00% |
RM5,000 and below - 0.20%
Up to RM10,000 - 0.20% Up to RM15,000 - 0.35% Above RM15,000 - 1.75% |
|
Multiplier Savings Account
(10 years) |
First RM250,000 - 3.05%
Above RM250,000 - 2.65% |
First RM250,000 - 2.80%
Above RM250,000 - 2.40% |
|
Multiplier Savings Account
(15 years) |
First RM500,000 - 3.15%
Above RM500,000 - 2.65% |
First RM500,000 - 2.80%
Above RM500,000 - 2.40% |
| Type of Savings Account | Old Rate (p.a.) |
New Rate (p.a.) effective
13 May 2019 |
| Young Savers Account |
Up to RM50,000 - 2.90%
Above RM50,000 - 0.30% |
Up to RM50,000 - 2.65%
Above RM50,000 - 0.30% |
| Revised Fixed Deposit/ Fixed Deposit-i resident rates | ||
| Tenure | Old rate (p.a.) | New rate (p.a.) effective from 13 May 2019 |
| 1M - 2M | 2.90% | 2.65% |
| 3M | 3.00% | 2.75% |
| 4M - 5M | 3.10% | 2.85% |
| 6M | 3.15% | 2.90% |
| 7M - 12M | 3.25% | 3.00% |
| 13M - 17M | 3.30% | 3.05% |
| 18M - 60M | 3.35% | 3.10% |
| Revised Fixed Deposit/ Fixed Deposit-i non-resident rates | ||
| Tenure | Old rate (p.a.) | New rate (p.a.) effective from 13 May 2019 |
| 1M - 5M | 2.40% | 2.15% |
| 6M - 17M | 2.55% | 2.30% |
| 18M - 60M | 2.60% | 2.35% |
| Type of Savings Account | Old Rate (p.a.) |
New Rate (p.a.) effective
1 June 2019 |
|
SmartSavers Account/
SmartSavers Account-i & SmartSavers Junior Account/ SmartSavers Junior Account-i |
Deposit with no withdrawal:
|
Deposit with no withdrawal:
|
|
iQ SmartSavers Account/
iQ SmartSavers Account-i |
Deposit with no withdrawal:
|
Deposit with no withdrawal:
|
| SmartSavers - Mortgage |
Deposit with no withdrawal:
|
Deposit with no withdrawal:
|
| Starter Savings Account |
Deposit with no withdrawal:
Deposit with at least 1 withdrawal:
|
Deposit with no withdrawal:
Deposit with at least 1 withdrawal:
|
| Starter Savings Account - Protect / Invest |
Deposit with no withdrawal:
Deposit with at least 1 withdrawal:
|
Deposit with no withdrawal:
Deposit with at least 1 withdrawal:
|
[31/05/18]
0% GST charges
From 1 June 2018, Goods & Services Tax (GST) is charged at 0% for applicable services. We will be updating all relevant documents and forms to show this change in GST. In the meantime, please continue using the existing documents and forms and we will
process your transactions at 0% GST. For more information, please visit www.ocbc.com.my/fees.
[14/02/18]
Revision on interest/profit payment for premature withdrawals
There will be a change in interest/profit payment for premature withdrawals of Ringgit Fixed Deposit (FD), Ringgit Fixed Deposit-i (FD-i) and Ringgit Time Deposit-i (TD-i) as shown below:
Example:
| Placement/Renewal | Premature Withdrawal | Placement Period | How much interest will be paid |
| Before 5 Mar 18 | Anytime |
≤ 3 months
> 3 months |
No interest will be paid
50% of contracted rate for each completed month |
| From 5 Mar - 31 Dec 18 | Before 1 Jan 19 |
≤ 3 months
> 3 months |
No interest will be paid
50% of contracted rate for each completed month |
| On or after 1 Jan 19 |
≤ 3 months
> 3 months |
No interest will be paid | |
| From 1 Jan 19 onwards | Anytime |
≤ 3 months
> 3 months |
No interest will be paid |
| Placement/Renewal | Premature Withdrawal | Placement Period | How much interest will be paid |
|
RM10,000 on 1 March 2018 for 12 months at contracted rate 4.00%p.a.
Maturity date: 1 March 2019 |
27 July 2018 |
Completed month = 1 March 2018 to 1 July 2018
(122 days) |
RM10,000 x 4.00% p.a. x 122 days/365 days x 50% = RM66.85 |
|
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OCBC Al-Amin Bank Berhad (200801017151 / 818444-T). All rights reserved.
OCBC Al-Amin Bank Berhad (200801017151 / 818444-T). All rights reserved.