Premier Booster Account | OCBC Malaysia

Make your money work harder for you

OCBC Premier Booster Account/-i is an excellent savings account that will make your money work harder for you

HOW IT WORKS

Open an OCBC Premier Booster Account/-i and make your first deposit today.

For account balances of RM200,000 and above, enjoy higher interest/profit rate of 2.35% per year.

Account Balance
BASE INTEREST/PROFITBASE
INTEREST/PROFIT

2.35% per year
Balances of RM200,000 and above

2.50% per year
Balances of RM3 million and above

2.85% per year
Balances of RM10 million and above

WEALTH BONUSWEALTH
BONUS

2.00% per year

On the first RM50,000, RM200,000 or RM500,000 of your account balance for 4 months depending on the qualifying amount of selected investment or insurance/takaful.

Promotion is valid from 18 January 2024 until 31 December 2024.

For balances below RM200,000, an interest/profit rate of 0.10% per year will be given.

For comparison, a 1-month Fixed Deposit/-i board rate is 2.40% per year as of 1 October 2024. The 4-month Effective Interest/Profit Rate for account balance of RM200,000 and qualifies for the Wealth Bonus on the first RM200,000 is 4.35% per year.

Terms and conditions apply.

How to earn wealth bonus

Enjoy wealth bonus of 2.00% per year for 4 months when you invest in any new eligible wealth product from OCBC of at least:

Enjoy the flexibility to

Withdraw your funds at any time

Enjoy the freedom of withdrawing funds without penalty, as there is no holding period.

Enjoy the freedom of withdrawing funds without penalty, as there is no holding period.

Access your cash from ATM

Gain access to your cash from ATMs within the MEPS network for free1.

Gain access to your cash from ATMs within the MEPS network for free1.

Request for a sweeping facility

Have the power to issue cheques conveniently.

Have the power to issue cheques conveniently.

1MEPS fee for the first 4 withdrawals of each month will be waived. Subsequent withdrawals will be charged.

INTEREST/PROFIT CALCULATOR

Discover how much interest/profit you can earn

Calculate your interest/profit

Investment or insurance/takaful product

Base rate1

0.00% a year

Base interest/profit per month

RM0.00


Wealth Bonus rate2
Up to first RM50,000 only

0.00% a year

Wealth Bonus rate per month

RM0.00

Here is how much interest/profit you earn

Total interest/profit per month

RM0.00

4-month effective interest/profit rate

0.00%

Disclaimer

The amount is calculated on per month (31 days) basis and is for illustration purposes only.

1Base interest/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.

Before you apply

Terms and conditions

Terms and Conditions Governing Accounts

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Terms and Conditions Governing the OCBC Premier Booster

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Terms and Conditions Governing the OCBC Premier Booster-i

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To become an OCBC Premier Banking client, you will need to have deposits and/or investments of RM300,000 or more with us.

OCBC Premier Banking and OCBC Premier Private Client Terms and Conditions

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Phone and Electronic Mail Instruction Services Terms and Conditions

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Important notices

Product Information Sheet

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Appendix for Wealth Bonus for OCBC Premier Booster Account

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Appendix for Wealth Bonus for OCBC Premier Booster Account-i

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Appendix for Wealth Bonus for OCBC Premier Booster Account Promotion

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Appendix for Wealth Bonus for OCBC Premier Booster Account-i Promotion

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  1. OCBC Premier Booster Account/-i is applicable to OCBC Premier Banking members only and all applicants must be at least 18 years old to apply. The minimum opening amount is RM200,000 and a minimum balance of RM20 must be maintained in the account. You will need to have a OCBC Premier Booster Account/-i to enjoy the wealth bonus.
  2. OCBC Stabiliser and ARIP-i are not eligible for the wealth bonus.
  3. The wealth bonus is accorded 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 insurance/takaful product and trade date of Unit Trust/-i.
  4. You will receive your wealth bonus by the 14th business day of the following month.
  5. The minimum sales charge for eligible Unit Trust/-i investments is 2.75% for lump sum investment below RM80,000 and 2.25% for lump sum investment of RM80,000 and above.
  6. You will need to be the primary account holder of the OCBC Premier Booster Account/-i as well as the policy owner of the eligible insurance product or primary account holder of the eligible investment product.
  7. To ensure that the products purchased meets your financial needs, your Relationship Manager will perform a Financial Needs Analysis with you in order to help you make an informed decision.

PIDM disclosure


Find out more on OCBC Premier Booster Account 
Find out more on OCBC Premier Booster Account-i 

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Give your wealth the distinct advantage