Premier Booster Account | OCBC Malaysia

OCBC PREMIER BOOSTER ACCOUNT

You are never idle.
So why should your wealth be?

Why you will love this

Earn up to 3.55% a year when you purchase eligible wealth products for account balances of RM200,000 and above

No lock-in period and withdrawal penalty

Who is eligible

Exclusively for clients of OCBC Premier Banking and OCBC Premier Private Client

Age 18 and above

Malaysian citizens, permanent residents and non-residents (subject to the country of origin)

Leave a contact

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

HOW IT WORKS

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

Account Balance
BASE INTEREST

2.35% a year
Balances of RM200,000 and above

2.50% a year
Balances of RM3 million and above

2.85% a year
Balances of RM10 million and above

WEALTH BONUS

1.20% a 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.

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

For comparison, a 1-month Fixed Deposit board rate is 2.40% a year as of 1 October 2024. The 4-month Effective Interest Rate for account balance of RM200,000 and qualifies for the Wealth Bonus on the first RM200,000 is 3.55% a year.

Terms and conditions apply.

How to earn wealth bonus

Enjoy wealth bonus of 1.20% a year for 4 months when you invest in any new eligible wealth product from OCBC of at least:

Regular premium insurance starting from
Single premium insurance starting from
Unit Trust lump sum investment starting from
Wealth bonus applicable on first RM50,000
RM6,000 for first year annual premium
N/A
RM20,000
Wealth bonus applicable on first RM200,000
RM20,000 for first year annual premium
RM100,000
RM80,000
Wealth bonus applicable on first RM500,000
RM50,000 for first year annual premium
RM200,000
RM200,000
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 CALCULATOR

Discover how much interest you can earn

Calculate your interest

Investment or insurance product

Base rate1

0.00% a year

Base interest 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 interest you earn

Total interest per month

RM0.00

4-month effective interest rate

0.00%

Disclaimer

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

1Base interest 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.

Important notices

Product Information Sheet

EN | BM

Appendix for Wealth Bonus for OCBC Premier Booster Account

EN | BM

Appendix for Wealth Bonus for OCBC Premier Booster Account-i

EN | BM

Important Notices for Insurance 
Important Notices for Takaful 
Important Notices for Unit Trust 
Important Notices for Unit Trust-i 
 
  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

GET IN TOUCH

Give your wealth the distinct advantage

Leave your contact

or visit us at an OCBC Premier Centre

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FAQS
Common questions
General
  1. How different is the OCBC Premier Booster Account from other savings account?

    The OCBC Premier Booster Account is a savings account exclusively for Premier Banking members that rewards you with a high base interest rate based on your balances. In addition, it rewards you with wealth bonus when you invest or insure with OCBC.

  2. How is the interest calculated?

    You get two types of interest on your account balance every month.

    1. Base interest: This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month. Your base rate will be based on your balances.

    2. Wealth bonus: This interest will be applicable to the first RM50,000, RM200,000 or RM500,000 of your account's average daily balance, depending on the investment/insurance amount that you have purchased. 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 OCBC Premier Booster Account if the total amount of bonus in such month is less than RM0.01.

  3. What will happen when my account balance fall below RM200,000?

    The base interest of 0.10% per year will be accrued based on the days where your account balance falls below RM200,000.

    For example:

    If you have maintained your account balance below RM200,000 between the 1st - 15th of the month, then your base interest accrued for this account balance will be 0.10% per year from 1st - 15th of the month. Subsequently, if you maintain your account balance at or above RM200,000 between the 16th - 31st of the month, then your base interest accrued for this balance will be 2.35% per year from the 16th - 31st of the month.

    Dates Account Balance Base interest accrued
    1-15 Aug RM180,000 0.10% per year
    16-31 Aug RM220,000 2.35% per year

     

  4. Can I open more than one OCBC Premier Booster Account?
    You may only open ONE OCBC Premier Booster Account whether in own name or in joint names, where you are the primary account holder.

  5. Can I use the money in my OCBC Premier 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.

  6. Where can I withdraw money from my OCBC Premier Booster Account?

    You can withdraw money from any ATM operated by OCBC Group, comprising of OCBC Bank in Malaysia & Singapore, OCBC Al-Amin, OCBC NISP (Indonesia) and OCBC Wing Hang (Hong Kong and Macau) at no charge.

    You can also withdraw from any ATM within the MEPS network where your MEPS fee for the first 4 withdrawals of each month will be waived. Subsequent withdrawals will be charged.

    For the latest fees and charges, please click here

Wealth Bonus

  1. 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 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 Relationship Manager will perform a Financial Needs Analysis with you in order to help you make an informed decision.

  2. When will I receive the wealth bonus?

    Payment starts the following month after either (i) the free look/cancellation period ends; or (ii) 14 days after the effective date of purchase, whichever is later. Effective date of purchase refers to the inception date of the insurance product and trade date of Unit Trust.

    For Example:

    Effective Date of purchase Date after free look/cancellation period or 14 days after Effective Date of purchase First month of wealth bonus
    1 January 15 January January (Wealth bonus will be credited in February)
    20 January 3 February February (Wealth bonus will be credited in March)

  3. How will I know that the base interest is credited to my OCBC Premier Booster Account?

    Your base interest will be reflected in your Premier Wealth Report, Online Banking and Mobile Banking transaction history as INTEREST CREDIT.

  4. How will I know that the wealth bonus is credited to my OCBC Premier Booster Account?

    Your wealth bonus will be reflected in your Premier Wealth Report, Online Banking and Mobile Banking transaction history as WEALTH BONUS.

    If you close your account before the wealth bonus crediting date, the wealth bonus for the previous month will be forfeited.

  5. Can I combine multiple wealth product purchases of the same type to qualify for the wealth bonus?

    Yes, you can, provided that you fulfil the conditions below:

    (i) Effective dates of the purchases after the free look/cancellation period end or 14 days whichever is later must fall in the same calendar month. For example,


    Effective Date Date after free look/ cancellation period or 14 days after Effective Date of purchase Total investment amount Qualify for wealth bonus? Wealth Bonus is applicable to these
    5 January 2021
    RM5,000 lump sum investment in Unit Trust in Fund A with 2.75% sales charge    		 19 January 2021 RM20,000 lump sum Unit Trust investment with 2.75% sales charge Yes
    Effective dates for both purchases after cancellation period or 14 days whichever later, fall in the same calendar month.    		 First RM50,000 average daily balance
    15 January 2021
    RM15,000 lump sum investment in Unit Trust Fund B with 2.75% sales charge    		 29 January 2021
    5 January 2021
    RM5,000 lump sum investment in Unit Trust in Fund A with 2.75% sales charge    		 19 January 2021 RM20,000 lump sum Unit Trust investment with 2.75% sales charge No
    Effective dates for both purchases after cancellation period or 14 days whichever later, do not fall in the same calendar month.    		 Not applicable
    28 January 2021
    RM15,000 lump sum investment in Unit Trust Fund B with 2.75% sales charge    		 11 February 2021

    (ii) Purchases of the same wealth product meeting the minimum eligibility criteria. For example,


    Effective Date Total investment amount Qualify for wealth bonus? Wealth Bonus is applicable to these:
    5 January 2021
    RM50,000 lump sum investment in Fund A with 2.25% sales charge    		 RM80,000 lump sum Unit Trust investment with 2.25% sales charge Yes First RM200,000 average daily balance
    15 January 2021
    RM30,000 lump sum investment in Fund B with 2.25% sales charge
    5 January 2020
    RM6,000 Regular Premium Endowment Plan A    		 RM 20,000 first year annual premium Yes First RM200,000 average daily balance
    15 January 2020
    RM14,000 Regular Premium Endowment Plan B
    5 January 2020
    RM100,000 Single Premium Plan A    		 RM200,000 single premium Yes First RM500,000 average daily balance
    15 January 2020
    RM100,000 Single Premium Plan B

    Examples of purchases which involve different sales charge or wealth products:


    Effective Date Total investment amount Qualify for wealth bonus? Wealth Bonus is applicable to these:
    5 January 2021
    RM70,000 lump sum investment in Fund A with 2.25% sales charge    		 RM85,000 lump sum Unit Trust investment with different sales charge Yes
    Both purchases in total fulfilled the minimum eligible criteria of RM80k with min sales charge 2.25%.    		 First RM200,000 average daily balance
    15 January 2021
    RM15,000 lump sum investment in Fund B with 2.75% sales charge
    5 January 2021
    RM150,000 lump sum investment in Fund A with 2.25% sales charge    		 RM290,000 lump sum Unit Trust investment with different sales charge Yes
    Both purchases in total fulfilled the minimum eligible criteria of RM200k with min sales charge 2.25%.    		 First RM500,000 average daily balance
    15 January 2021
    RM140,000 lump sum investment in Fund B with 2.75% sales charge
    5 January 2021
    RM10,000 lump sum investment in Fund A with 2.25% sales charge    		 RM25,000 lump sum Unit Trust investment with different sales charge No
    Sales charge for Fund A must be a minimum of 2.75% to be recognised as total eligible investment.    		 Not applicable
    15 January 2021
    RM15,000 lump sum investment in Fund B with 2.75% sales charge
    5 January 2021
    RM2,000 Regular Premium Endowment Plan A    		 RM7,000 combination total wealth products No
    Each wealth product purchased does not meet the minimum eligibility criteria.    		 Not applicable
    15 January 2021
    RM5,000 lump sum investment in Fund B with 2.75% sales charge

  6. What happens if I qualify for the wealth bonus more than once and the bonus periods overlap?

    If you make multiple purchases of eligible wealth products and qualify for wealth bonus more than once, for months which different bonus periods overlap, only one wealth bonus will be accorded and the bonus period with a higher bonus amount will be accorded.

     

    Example 1

    Effective Date Wealth Purchases Wealth Bonus is applicable to these:
    1 January 2021 RM20,000 lump sum investment in Fund A with 2.75% sales charge First RM50,000 average daily balance from January to April 2021
    3 March 2021 RM100,000 Single Premium Plan B First RM200,000 average daily balance from March to June 2021

     

    For the overlapping months (March - June 2021), you will enjoy a maximum wealth bonus of 1.20% per year for the bonus period which accord the higher bonus amount, i.e for the first RM200,000. You may refer to the illustration below.


    Example 2


    Effective Date Wealth Purchases Wealth Bonus is applicable to these:
    1 January 2021 RM20,000 lump sum investment in Fund A with 2.75% sales charge RM200,000 average daily account balance for 4 months from January 2021 to April 2021
    3 March 2021 RM100,000 Single Premium Plan B First RM50,000 average daily account balance for 4 months from March 2021 to June 2021

    For the overlapping months (March 2021 to April 2021), you will enjoy maximum wealth bonus of 1.20% per year for the bonus period which accord higher bonus amount, i.e. for the first RM200,000 of the average daily account balance. Thereafter, you will continue to enjoy the maximum wealth bonus of 1.20% for the bonus amount on the first RM50,000 of the average daily account balance. You may refer to the illustration below.


  7. Will all my subsequent payments of regular premium eligible for wealth bonus?

    Only your first year annual premium is eligible for wealth bonus.

  8. How long can I enjoy the wealth bonus for if I qualify for it?

    As long as you have purchased an eligible wealth product with an effective date of purchase after either (i) the free-look/cancellation period ends; or (ii) 14 days whichever later, you will enjoy the wealth bonus according to the predetermined period below:

    Eligible wealth product Wealth bonus earned
    Regular/Single premium insurance 4 months for eligible wealth products purchased from 18 December 2020 onwards
    Unit Trust lump sum investment  

  9. 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.

  10. 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 either (i) the free look/cancellation period ends; or (ii) 14 days after the effective date of purchase, whichever is later.

  11. How can I pay for the eligible wealth products?

    There are many ways to pay for eligible wealth products:
    Insurance: Cash, credit card or Auto Debit (via OCBC account)
    Unit Trust (lump sum investment): Cash, Auto Debit (via OCBC account) or EPF account for applicable funds

  12. Where can I find more information on the eligible wealth products?

    For insurance, please click here.
    For Unit Trust, please click here.
    Alternatively, please leave your contact details here and we will get in touch with you.

  13. What are the financial products excluded from wealth bonus?

    These are examples of financial products that do not qualify for wealth bonus:
    Dual Currency Investment (DCI)
    Financing Facility
    Foreign Exchange (FX)
    Retail Bonds
    Structured Investments
    General insurance
    OCBC Stabiliser or ARIP-i
    Takaful term plans

  14. If I have multiple Premier Booster accounts, 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.

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 ("OCBC Bank"). 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.

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 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.

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.

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