For this OCBC e-SmartSavers Account:

I would know whether the following is correct or not.

July 2015: Activate the account by depositing RM 1000. Get 4 % interest per annum on the account balance.

August 2015. Deposit RM 50. Make a withdrawal. The interest is now 0.5 % interest per annum on the account balance.

September 2015: Deposit RM 50, and does not withdraw. The interest is reverted to 4 % interest per annum on the account balance.

Nice, the 4% interest rate for OCBC e-SmartSavers account is on par with that of fixed deposit account, without the need to hold the deposit for more than 6 months (a requirement for fixed deposit).

1) I have OCBC Easisave Saving Account and access to OCBC Internet Banking. If I have opened and activated OCBC e-SmartSavers account, can I access this account via Internet Banking, and can perform deposit and withdraw money to and from e-SmartSavers account; and transfer between my two OCBC saving account?

2) Is it possible that OCBC may revise 4% interest rate, should there be any change to OPR?

3) Is there an annual fee for this account?

This post has been edited by alvinkhorfire: Jul 4 2015, 09:55 PM

Do anyone know the answers to the questions? Thanks for your help.

Thanks for the answer, cybpsych.

I will treat eSmartSavers as if it is a 1-month eFD, but with 4 % interest rate, as compared to 3.15 % for 1-month eFD.