With OCBC MSA 123, you can start a savings plan to save a fixed amount every month according to your needs and earn attractive fixed interest rates. Choose to save in a 13-month, 24-month or 36-month plan.
Interest Rates
Period during which MSA started
Tenor
Interest Rates (p.a.)
1 September 2010 until further notice
13 Months
0.50%
1 September 2010 until further notice
24 Months
0.80%
2 August 2010 until further notice
36 Months
1.00%
Benefits
Get closer to your dreams with disciplined savings of a fixed amount each month
Start with as low as S$50 each month
Interest rate is fixed for the duration of the savings plan. If you need to withdraw funds, the savings plan is discontinued and you will receive the principal amount with early withdrawal interest on the accumulated savings as of the date of termination.
No monthly account fees
Requirements
Individuals aged 15 years and above
For individuals less than 15 years old, a joint account will be opened with parent(s)/guardian(s) who must be at least 21 years of age
Minimum monthly savings of S$50 and in incremental multiples of S$10, up to a maximum of S$5,000
Apply Now
Visit any OCBC Bank branch today with your identity card and the minimum initial deposit to open the account. For non-Singaporeans, please bring your passport and employment pass/work permit.
For Singaporean & PR: Copy of NRIC (front & back).
For foreigners, copy of passport and employment pass/work permit
If you do not have an existing OCBC deposit account, please submit any one of the following documents latest original document reflecting the same name and address indicated in the application form:
Telephone bill generated by SingTel, M1 or Starhub; OR
Any bank statement (savings, current, credit card or personal credit statement).
Fees
Early termination fee of S$30 applies if account is closed within 6 months from account opening date
Deposit Insurance Scheme
Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank's Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.
