Islamic Savings Deposit Rates

Islamic Savings Deposit Rates Singapore

The Islamic Savings Deposit Rates are obtained from OCBC bank Singapore.

With OCBC MSA 123, you can start a savings plan to save a fixed amount every month according to your needs and earn attractive fixed interest rates. Choose to save in a 13-month, 24-month or 36-month plan.

Islamic Savings Deposit Rates features:

# Start with as low as S$50 each month
# Interest rate is fixed for the duration of the savings plan.
# If you need to withdraw funds, the savings plan is discontinued and you will receive the principal amount with early withdrawal interest on the accumulated savings as of the date of termination.
# No monthly account fees

Hibab/Dividend is aligned to MSA123 24-month interest rate.

OCBC Islamic Savings Deposit Rates:

Interest Rates
Period during which MSA started
Tenor
Interest Rates (p.a.)

1 September 2010 until further notice = 13 Months; 0.50%

1 September 2010 until further notice = 24 Months ; 0.80%

2 August 2010 until further notice = 36 Months ; 1.00%

Al-Wadi'ah Monthly Savings Account helps achieve savings goals while protecting beliefs.

Islamic Savings Deposit Rates may change by the time you read them today. Bank reserves the right to change or terminate the fixed deposit rates without prior notice. Terms and conditions apply to these Singapore fixed deposit rates.

Any fixed term deposit placed by an individual or a charity with an approved bank in Singapore will be insured up to the amount specified in the Deposit Insurance Act if it is an insured deposit placed by an insured depositor as defined in the Act.

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