Higher-Interest Deposit Account - OCBC Bank

Bonus+ Savings Account

Higher interest on all your savings

Earn up to
0.80% per year
for months with no withdrawals

Eligibility

Singaporeans, Permanent Residents, or Foreigners aged 16 and above

Higher interest on all
your savings

Earn up to
0.80% per year
for months with no withdrawals

Eligibility

Singaporeans, Permanent Residents, or Foreigners aged 16 and above

Earn higher interest on all your savings

Grow your savings with up to 0.80% per year on your entire account balance for months when no withdrawals are made.

Withdrawals can be made any time and you will receive a base interest of 0.05% per year for the months you accessed your cash.

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What you need to know

Minimum age

16 years old

Nationality Singaporeans, Permanent Residents and foreigners
Initial deposit S$10,000 in fresh funds*
Minimum average daily balance for the month S$3,000
Fall below fee S$2
Monthly statements e-Statement

*Fresh funds refer to funds not transferred or withdrawn from existing OCBC Bank deposit accounts and re-deposited or funds in the form of OCBC Bank cheque/cashier's order/demand drafts.

Apply now

Branch icon

At any branch

What to bring

  1. For Singaporeans and Permanent Residents:
    • NRIC

    For Foreigners:

    • Passport
    • Employment Pass (EP); or S-Pass or Student Pass
  2. Initial Deposit:

    S$10,000

  3. Proof of address (any one document below):
    • Phone bill
    • Half-yearly CPF statement
    • Any bank statement

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.