SAVINGS ACCOUNTS

We offer a range of savings accounts to meet your needs

Global Savings Account

Save up to $33,000 at a fixed rate of interest for 12 months.

  • $25,000 deposit to open
  • Deposit at least $2,500 a month. The monthly subscription limit is $2,500. However, if you do not save $2,500 in any given month you can carry over any unused subscription to following months.
  • No partial withdrawals allowed during the 12 month period
  • Available to COB Current Account customers only

Global Savings Account

Bonus interest in any month you don't make a withdrawal.

  • $10000 deposit to open
  • This account can only be managed online
  • Instant access with no charge
  • Open the account online or on the phone

Flexible Saver Account

Save for a wedding, holiday or a rainy day.

  • $10000 deposit to open
  • Open as many Flexible Saver accounts as you want
  • Instant access with no charge
  • Open the account online or on the phone

FIXED DEPOSIT ACCOUNT

Grow your money by investing in the COB fixed deposit scheme

Fixed Deposit – Foreign Currency

Earn foreign exchange gains on top of interest with Foreign Currency Fixed Deposit.

  • The Foreign Currency Fixed Deposit Account gives you exposure to your chosen foreign currency and allows you to earn potentially higher rates compared to US$ deposits.
  • Benefits
  • Choice of tenor: from one month to a year
  • Minimum deposit amounts from $50,000 equivalent (For RMB deposit, the minimum Foreign Exchange conversion is $500,000 equivalent. Upon conversion into RMB, you may make multiple placements of same/different tenor with a minimum $50,000 equivalent per placement.)

COB Premier Income Account

Enjoy the security of a regular income, flexible tenor and additional interest.

  • Features & Benefits
  • Choice of tenor from 6 to 60 months
  • Earn additional 0.10%p.a.# interest, added to the prevailing first tier rate for deposits of $10,000 to $90,999
  • You can choose to receive your interest every month or in a lump sum upon maturity (applicable for 12, 18, 24, 36, 48 and 60 months deposits only)
  • Convenient deposit placement through iBanking or at our branches
  • Automatic renewals: Upon maturity, your deposit will be automatically renewed for the same tenor at the prevailing interest rate
  • Preferential rates for foreign currency notes exchange
  • Overdraft facility: You can use your fixed deposit as collateral to apply for an overdraft facility of up to $100,000 at a competitive rate. (subject to credit approval)

Fixed Deposit – US Dollar

Save a fixed amount of money in US Dollars at a fixed interest rate for a fixed period.

  • The COB Singapore Dollar (US$) Fixed Deposit Account gives you the opportunity to maximise your savings with attractive interest while keeping your funds secure.
  • Benefits
  • Affordability and Convenience: fixed deposit amount begin at $10,000 with a deposit tenor of your choice, and you can begin a new placement via internet banking.
  • Added value: you may use your US$ Fixed Deposit as collateral for credit facilities (subject to credit approval) and may make a placement using cash.
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