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 2.00% a year 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)

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 2.00% a year.

Account Balance
BASE INTEREST

2.00% a year
Balances of RM200,000 and above

2.20% a year
Balances of RM3 million and above

2.60% a year
Balances of RM10 million and above

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

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:

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.

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

Request for a sweeping facility

Have the power to issue cheques conveniently.

Have the power to issue cheques conveniently.

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.

Before you apply

Terms and conditions

Terms and conditions governing both OCBC Premier Banking and Premier Private Client

OCBC Premier Banking and OCBC Premier Private Client Terms and Conditions

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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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Phone and Electronic Mail Instruction Services Terms and Conditions

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Premier Booster Account

Product Information Sheet

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Terms and Conditions Governing Accounts

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Important notes

  1. OCBC Premier Booster Account is applicable to clients of OCBC Premier Banking and Premier Private Client 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 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 product and trade date of Unit Trust.
  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 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 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

This deposit is protected by PIDM up to RM250,000 for each depositor. Learn more

  • Deposit protectection is automatic.
  • PIDM protects depositors holding deposits with banks.
  • There is no charge to depositors for deposit insurance protection.
  • Should a bank fail, PIDM will promptly reimburse depositors over their deposits.

For more information, refer to PIDM's DIS Brochures that are available at our counters or go to the website at www.pidm.gov.my.


GET IN TOUCH

Give your wealth the distinct advantage

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.

  2. How is the interest calculated?

    You get base interest on your account balance every month. Base interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.

  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 2.00% 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 2.00% 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.

    For the latest fees and charges, please click here