Monthly Savings Account - Banking

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Monthly Savings Account

Start an OCBC Monthly Savings Account and earn 1.08% p.a. or 1.48% p.a. Click here to view latest rate. This is a 24 months savings account which allows you to save a fixed amount every month according to your needs!

Click here to apply via our mail-in form now!

Click here to apply online now!

Not an Internet Banking user yet?
Simply stop by any of our ATMs to apply for Internet Banking.

Forgotten your Internet Banking PIN?
You can now request for a reissue of your new PIN via any ATM. It's that easy!

Next Steps :

Benefits

Earn higher interest of 1.08% p.a. or 1.48% p.a. than a usual savings or current account

Receive the full principal sum plus 0.8% p.a. interest in case of early withdrawal

Short 24 months savings account

Fixed monthly savings amount of as low as S$100 (S$50 via Internet Banking or mail-in application)

No monthly account fees

Eligibility

Individuals aged 5 years old and above

For individual less than 18 years old, a joint account will be opened with parent(s)/guardian(s) who must be at least 21 years old

Minimum monthly savings of S$100 (S$50 via Internet Banking or mail-in application) and in incremental multiples of S$10, and maximum is S$5,000

Fees and Charges

Early termination fee of S$30 applies if account is closed within 6 months from account opening date

Apply Now!

Apply Online

Apply via mail

Visit any OCBC Bank Branch today with your identity card / passport to open the account.

Others

Interest Rate

Monthly Savings Account Calculator

Frequently Asked Questions

Terms and Conditions Governing Automatic Standing Instructions

Terms and Conditions Governing Deposit Accounts

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.