The effective interest rate for Flex Account on 1st February is (RM10,000*0.30% a year + RM0*2.20% a year) / RM10,000 = 0.30% a year 2nd February You will earn Bonus Interest of 1.90% a year on your Save Pot balance on top of the Base Interest of 0.30% a year, giving you a total of 2.20% a year on your entire Save Pot balance. Save Pot: The interest earned on your Save Pot balance is accrued daily based on your Save Pot's day-end balance.

You will earn 0.30% a year for your balances in your Spend Pot.

Spend Pot: The interest earned for your balances in Spend Pot is accrued daily based on your Spend Pot's day-end balance.

You can also withdraw from any ATM within the MEPS network where your MEPS fee will be charged at up to RM1.00 per withdrawal.įor the latest fees and charges, please click here. You can withdraw money from any ATM operated by OCBC Group, that is OCBC Bank in Malaysia & Singapore, OCBC Al-Amin Bank, OCBC NISP (Indonesia) and OCBC Wing Hang (Hong Kong and Macau) at no charge.

Where can I withdraw money from my OCBC Flex Account?.

You may open only ONE OCBC Flex Account where you are the primary and sole account holder.

Can I open more than one OCBC Flex Account?.

You can withdraw money and transact with a debit card and/or access your money through OCBC Internet or Mobile Banking. If you need to use your money in your 'Save' Pot, you will have to log into OCBC Mobile Banking app to release money from your 'Save' Pot to your 'Spend' Pot before you can start transacting from OCBC Flex Account. The money kept in your 'Save' Pot will not be accessible to be spent or withdrawn.

What is a 'Save' Pot and can I use my money that is kept in 'Save' Pot?Ī 'Save' Pot is a mobile banking feature that allows you to earmark your savings from your everyday impulse purchases that could lead to overspending.

Money in your 'Spend' Pot earns you Flex Account's Base Interest of 0.30% a year. Big returns are no longer just for big deposits. There is no lock-in period or withdrawal penalty, so you can adjust your 'Save' Pot anytime you want. Money in your 'Save' Pot will earn you a Bonus Interest on top of your Base Interest that is comparable to a fixed deposit's board rate. The OCBC Flex Account is a savings account that allows you to split your money between a 'Save' Pot and a 'Spend' Pot, giving you a new way to save, spend and manage your money.

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