OCBC Al Wadiah Monthly Savings Account Rates

OCBC Al Wadiah Monthly Savings Account Rates

We present details of OCBC Al Wadiah Monthly Savings Account Rates.

Benefits of OCBC Al Wadiah Monthly Saving Account:

Potential to earn 4x higher hibah than a usual savings or current account

Receive the full principal sum plus potential hibah in case of early withdrawal

Short 24 months savings period

Fixed monthly savings amount of as low as S$100 (S$50 via mail-in application)

No monthly account fees


Eligibility OCBC Al Wadiah Monthly Savings Account:

Individuals aged 5 years old and above

For individual less than 18 years old, a trust account will be opened with parent(s)/guardian(s) who must be at least 21 years old

Minimum monthly savings of S$100 (S$50 via mail-in application) and in incremental multiples of S$10, and maximum is S$5,000

The OCBC Al Wadiah monthly savings account indicative rates are shown in this table.

Keep reading Singapore Savings Account Rates syariah-complaint accounts.

Latest News: Malaysia Fixed Deposits

Latest News: Malaysia Fixed Deposits

We are pleased to announce that we have ventured overseas and established Malaysia Fixed Deposits.

Our Malaysia Fixed Deposits will offer the latest and the best savings and fixed deposits rates available in the country. There will be emphasis on savings and fixed deposits rate promotions of commercial banks, Islamic banks, international banks and financial institutions in Malaysia.

The current Malaysia fixed deposits rates of banks and financial institutions there hover around 3.00% per annum, with the highest fixed deposits interest rate at 3.10%. We highlighted a promotional fixed deposits rates offer of as high as 3.70% per annum for a three-month tenure just recently.

One unique feature of Malaysia Fixed Deposits would be the many Syariah-compliant products and banking accounts for depositors to choose. These rates will be rolled out in Malaysia Fixed Deposits in stages.

If you are thinking of converting money into Malaysian Ringgit from US dollars or Singapore dollars, these are estimated quotes for the respective currency exchange rates:

100 Malaysia Ringgit = 27.8956 US Dollars.
100 Malaysia Ringgit = 41.7178 Singapore Dollars.

Regardless of your nationality, consider learning about banking products and investment opportunities to make your savings and deposits work harder at Malaysia Fixed Deposits.

Visit Malaysia Fixed Deposits now!

OCBC Al-Wadiah Savings Account

OCBC Al-Wadiah Savings Account

OCBC Al-Wadiah Savings Account allows depositors the flexibility to save, withdraw and the potential to earn Hibah. Rest assured that money is managed in line with Islamic principles and guidance from OCBC Syariah Advisory Council for this Al-Wadiah Savings Account.

OCBC Al-Wadiah Savings Account pays Zakat on savings account. It is convenient, timely especially if depositors use Zakat (tithe) auto-deduction service. OCBC Al-Wadiah Savings Account is applicable only for personal accounts. The Zakat (tithe) auto deduction service is an opt-in feature for OCBC Al-Wadiah Savings Account.

There is potential to earn high dividends. The more depositors save, the higher is the dividend for the OCBC Al-Wadiah Savings Account. Dividends are paid every six months.

OCBC Al-Wadiah Savings Account offers an ATM card, free GIRO service for bill payments, Phone Banking and Internet Banking facilities for enquiries and Syariah-compliant transactions. Depositors can expect monthly statements to be sent as a record of all OCBC Al-Wadiah Savings Account transactions.

This OCBC Al-Wadiah Savings Account is suitable for Muslims and non-Muslims age 15 and above. An initial minumum deposit of $1000 is required. Service fee of S$2 per month is imposed on the OCBC Al-Wadiah Savings Account if monthly average balance falls below S$1,000.

Indicative dividend rates start at 0.25% for sums less than $10000. Above $250,000 you can expect to collect 0.48% per annum for using OCBC Al Wadiah Savings Account.

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See OCBC website for details and latest dividends.