Simply deposit fresh funds into a Passbook or Statement Savings Account. Funds will have to be maintained for 8 months to qualify.
Due to overwhelming response, the promotion will end early on 21 June 2019 or while stocks last.
How to applyCustomers aged 55 and above will receive an additional one-time cash credit of S$55 with S$50,000 in fresh funds deposited for this promotion. Read more about OCBC Silver Years.
Head down to any branch to enjoy this promotion. Due to overwhelming response, the promotion will end early on 21 June 2019 or while stocks last.
Terms and Conditions apply.
Interest Rates
Account Balance |
Interest Rates (p.a.) |
First S$350,000 |
0.05% |
S$350,001 to S$1,000,000 |
0.08% |
Above S$1,000,000 |
0.10% |
Eligibility
Singaporeans, Singapore PRs and foreigners age 16 and above
Min. initial deposit S$1,000
Account Related Fees & Charges
Service charge
S$2 if average daily balance for the month falls below S$1,000
Account closure fee
S$30 if account is closed within 6 months from opening date
GIRO fee
S$10 for each failed GIRO payment
Excess fee
4.75% p.a. + Prime on the excess amount
Passbook replacement (standard red OCBC passbook)
S$15 per book
Locate a branch and visit us with these documents
S$1,000
Get a queue number before visiting the branch via Easy Q!
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$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.