Chinese New Year 2024 Bank Promotions

Are you looking for Chinese New Year 2024 Bank Promotions? I remember that Singapore local banks will usually offer higher interest rates per annum for a fixed deposit placement during the Chinese New Year period. This often attract long snaking queues outside the bank’s branches where people queue up to do their fixed deposit placement.

At the point of writing this post, Chinese New Year is only less than a month away and I have not found any Chinese New Year Fixed Deposit Promotions. However, I did find two Chinese New Year Bank Promotions offered by OCBC Bank and UOB Bank that give you that extra “Ang Bao” when you park your money with them.

As usual, I want to share that this is not a sponsored post. OCBC Bank and UOB Bank did not pay me to write this. I am always on the look out on bank promotions and best savings account to park my money.

OCBC Chinese New Year Promotion

This year, OCBC decided to turn up the Huat with their OCBC 360 account. The 360 account is probably nothing new to most of you. It was once the most popular current account which gives you the highest interest rates per annum if you credit your monthly salary with them. I still have my 360 account with OCBC even though I have changed to credit my salary to the DBS Multiplier Account.

OCBC Chinese New Year 2024 Promotion

If you still do not have a OCBC 360 account, this may be the best time to open a 360 Account to enjoy the Chinese New Year Promotion. Simply open a OCBC 360 Account and credit your salary of at least S$1,800 within 2 months to enjoy:

  • S$108 cash reward for new-to-OCBC customers
  • S$78 cash reward for existing OCBC customers

The current promotion ends on 29th February 2024.

UOB Chinese New Year Promotion

In the Lunar year of the Dragon, UOB wants to watch your savings rise like a dragon! You can receive up to S$1,288 guaranteed cash when you top up an eligible savings account with UOB. The eligible UOB savings account are UOB One Account, UOB Stash Account, UOB Lady’s Savings Account, UOB Passbook Savings Account and UOB Uniplus Account.

UOB Chinese New Year 2024 Promotion

I am not sure what was the reason but you need to first register your participation with UOB to enjoy this promotion.

Step 1: Register your participation by 30 Mar 2024. (Please go to UOB website directly to find the link).
Step 2: Deposit a minimum of S$20,000 in new funds in your eligible UOB savings account. These new funds will be set aside for 4 months and cannot be withdrawn within this period.

Here are the guaranteed cash credit amount that you will receive based on the new funds amount.

New Funds AmountGuaranteed Cash Credit Amount
S$20,000S$88
S$50,000S$258
S$100,000S$558
S$200,000S$1,288

The UOB Rising Dragon Savings promotion ends on 30th March 2024.

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