School Savings - Banking

Key Benefits

Monthly statements
Opened with School Protection Plan
No monthly account fee and service charge

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Open an OCBC School Savings Account together with the School Protection Plan for your child's primary, secondary and college education basic expenses!

Interest Rates

Account Balance	Interest Rates (p.a.)
All amounts	0.25%

Benefits

Interest bearing savings account
Monthly statement showing all your transactions details
Trust account in name of Parent(s)/Guardian(s). Child is the beneficiary (not account holder)
No monthly account fall below balance fees
Enjoy a higher saving interest rate of 0.325% p.a.
Deposit cash into your account using our new non-card deposit facility

Requirements

Individuals aged 21 to 50 years old
Beneficiary (child) aged 1 month to 9 years old
Minimum Initial Deposit : S$100
Sign-up for School Protection Plan

Apply Now

Visit any OCBC Bank branch today with the following documents and initial deposit
- NRIC / Passport of the account holder (s) (parent(s))
- Birth Certificate of the child (beneficiary of account)
- A copy of the School Protection Plan insurance proposal form

Fees

No service change and monthly account fee

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.