Madam Liang is preparing overseas education funds for her 10-year-old child. Coincidentally, she notices the Joaqium Interest Maximizer product which offers higher interest rates. Hence, she decides to invest the AUD 50,000, which she has in hand, in the Joaqium Interest Maximizer. With AUD 50,000, she can enjoy interest rate of 2.60% per annum, which is 0.4% higher than normal rates. Madam Liang is satisfied with the additional AUD 200 return per annum as compared to the normal time deposit.

Madam Liang finds out from an overseas education company that university tuition fee in Australia range from AUD 13,000 to AUD 23,000 per annum. This will add up to AUD 52,000 - AUD 92,000¹ for 4 years of university education. Assuming that tuition fee in Australian universities increases at a rate of 7% per annum¹, Madam Liang will need to have at least AUD 90,000 to AUD 160,000 fund after 8 years. If interest rates remain constant in the following 8 years, Madam Liang will only need to deposit an additional AUD 3,300 to AUD 11,200 every year to top up the current AUD 50,000 deposit. With the Joaqium Interest Maximizer, Madam Liang will be able to deposit AUD 200 to AUD 400 less every year to achieve the overseas education funds for her child.

AUD example

¹ The overseas tuition fee and tuition fee growth rate are only for reference. Fees vary according to the schools and the disciplines to be studied. OCBC Bank (China) Ltd. is not responsible for the accuracy and applicability of these information.
² The above interest rates of 2.20% and 2.60% apply to time deposit placed before 30 April 2009 and are for reference here only.

Mr. Lee plans to bring his whole family to Hawaii for vacation in 6 months time and starts to prepare for the vacation expenses. After taking into consideration the short term liquidity needs, he wants a stable investment choice. He then chooses Joaqium Interest Maximizer.

Mr. Lee estimates a total spending of around USD 30,000 for his family of 6. Joaquim Interest Maximizer offers 1.70% interest rate per annum for USD 30,000 deposit. There is an additional return of USD 60 for 6 months as compared to the normal time deposit. Now, each family member can spend USD 10 more during the trip!

USD example

³ The above interest rates of 1.30% and 1.70% apply to time deposit placed before 30 April 2009 and are for reference here only.

Terms and Conditions:

1. Joaqium Interest Maximizer deposit is available in USD, HKD, SGD and AUD for 1 month, 3-month, 6-month and 12-month tenors.
2. Minimum deposit amounts are USD 10,000, HKD 50,000, SGD 10,000 and AUD 10,000 for respective currencies.
3. Prevailing interest rates apply on the date of deposit placement. The Bank has rights to adjust the above interest rates and deposit amount tiers according to regulatory requirements and changing market conditions. However, customers who purchase this product before any adjustment will not be affected.
4. Customers can withdraw deposit prior to the maturity date in whole or in part. Interest on the sum being early-withdrawn shall be calculated based on the prevailing savings interest rate on the withdrawal date. If the remaining sum after early-withdrawal is less than the deposit amount required for corresponding deposit tiers, the interest rate for the remaining sum will be adjusted according to the tier appropriate to the remaining sum. If the remaining sum is less than the minimum deposit amounts required by Joaquim Interest Maximizer, the account shall be closed automatically.
5. Purchase of this foreign currency product involves foreign exchange risk. Customers may bear the risk of foreign exchange loss if customers exchange other currencies to participate in this time deposit.
6. The bank accepts AUD via telegraphic transfer and remittances. Cash deposit and withdrawal of AUD over counter are not available.
7. Terms and conditions of deposit products of the Bank apply.

Please contact our Relationship Managers for more details. We'll provide professional advice and customized solutions for you and your family.