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Fixed Deposit

Now 4.10%, to 31 Dec

OCBC FD Promotion 2026: 4.10% for 12 Months From 19 October vs the 4.38% Wealth Bundle - Is the Bundle Worth RM2,000?

RaymondRates.myUpdated 19 October 20264 min read
Update, 19 October 2026: OCBC's rates have moved twice since this piece. This article covers the campaign that ran to 31 August, later extended to 30 September. OCBC’s fourth-quarter campaign opened on 1 October at 3.75% for 6 months and 3.85% for 12, and was re-priced on 19 October: the Fixed Deposit-i now pays 4.05% for 6 months and 4.10% for 12, on RM10,000 to RM300,000 of fresh funds, to 31 December 2026, for customers new to OCBC, new Premier clients or existing customers OCBC has invited. The Wealth Bundle now pays 4.38% for 6 months. Current figures on the OCBC FD page.

OCBC's Fixed Deposit-i campaign runs until 31 August 2026. Anyone with fresh funds gets up to 3.75% p.a., no strings. A second version pays 4.28% — but only for invited Premier clients who also buy RM100,000 of wealth product. Is that trade worth it?

4.28%
Wealth Bundle, 6 months
Premier clients only, by invite
3.75%
Standard FD-i, 12 months
anyone, fresh funds, ≤RM300,000
RM2,000
Sales charge to unlock the bundle
buys just RM290 extra interest

Two rates, one campaign

MetricStandard FD-iWealth Bundle
Rate3.70% (6mo) / 3.75% (12mo)4.28% (6mo only)
Who can applyAnyone, fresh fundsInvited/new-to-Premier only
PlacementRM10,000–RM300,000RM100,000 FD-i + RM100,000 wealth buy
Extra costNoneMin. 2% sales charge on the wealth buy
Campaign ends31 Aug 202631 Aug 2026

Rates and terms from OCBC's own campaign page, checked 8 August 2026. See sources below.

  • Fresh funds only — must land within 7 days, above a 31 May 2026 baseline.
  • Both are PIDM-insured to RM250,000 — the wealth product isn't; it's an investment.
  • Miss the window and it auto-renews at OCBC's ordinary board rate instead.

Who actually gets 4.28%

OCBC FIXED DEPOSIT-I — 15 JUN TO 31 AUG 2026rate depends on who you already are to the bank, not how much you placeStandard FD-iAnyone with fresh funds, RM10,000–RM300,0003.70%–3.75%Wealth BundleInvited or new-to-Premier clients only, RM100,000 FD-i4.28%
The higher rate isn't open to the public — it's gated behind Premier Banking status, invited or new.
  • Existing OCBC customers need a specific invitation — you can't just ask for it.
  • New-to-Premier clients qualify automatically, no invitation needed, within the promo window.
  • Premier status itself has an asset bar most ordinary savers won't clear.
A bank signage displayed on the exterior of a commercial building
The 4.28% rate only shows up once you're routed into Premier Banking — it isn't on the public rate card. · Photo: Unsplash

Is the extra 0.58 points worth RM2,000?

Guaranteed costmin. 2% sales charge on RM100,000RM2,000Guaranteed gainextra interest vs the 3.70% rateRM290Net: RM1,710 short — before the wealth product itself gains or loses a ringgit
On a 6-month, RM100,000 placement: the sales charge is a guaranteed cost the moment you buy in; the extra interest from the higher rate is a guaranteed gain — and the cost is bigger.
  • The sales charge is guaranteed on purchase — the wealth product's own return isn't.
  • Skip the bundle and the standalone rate already wins once that charge is counted.
Close-up of hands signing a paper document with a pen
The 2% sales charge is due the moment you sign for the wealth product — win or lose on the investment itself. · Photo: Unsplash

See how OCBC's rates compare to every other bank in Rates.my's own FD Rate Index, or check OCBC's full FD rate table.

What to watch

  • 31 Aug 2026Both the Standard FD-i and the Wealth Bundle close — no word yet on a follow-on cycle.
  • Your maturity dateThe FD-i leg auto-renews at OCBC's prevailing board rate, not the promo one — mark your calendar.
  • Before you signAsk for the wealth product's own fact sheet — the sales charge is fixed, its return is not.
Not financial advice. This is general information based on OCBC Bank (Malaysia) Berhad's own campaign terms and conditions as at 8 August 2026. It is not a recommendation to open any account or buy any wealth product, and Rates.my does not issue price targets or rate forecasts. Confirm the current terms with OCBC before applying — campaign rates and eligibility can change.

Sources & further reading

Ready to act on this?

See OCBC's full FD rate table

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