Dear readers, there is now a promotion which rewards individuals with a 1.71% per annum return for depositing fresh funds. And the good news is that the fresh funds need to be maintained for just seven months.
As details, for every $$5,000 deposits in fresh funds, S$50 cash credits will be given to the depositor. This promotion is none other than from OCBC Bank.
I feel that this latest promotion offer from OCBC Bank is attractive since the latest issue of the Singapore Savings Bond (the January 2020 Singapore Savings Bonds) offer just a 1.52% per annum return. For investors who are not comfortable with investing in the current volatile stocks markets, leaving your monies in fixed deposits to earn some returns could be a good way to gain capital appreciation while waiting for the more opportune time to invest.
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