Terms and Conditions Governing Mighty Savers® Chinese New Year Promotion

List of savings accounts under the OCBC Mighty Savers Programme: Young Savers Account and Monthly Savings Account. Free gifts are issued while stocks last. The deposits placed into the Young Savers Account or Monthly Savings Account for the above promotion will be earmarked for a period of 3 months from the date of placement. Should any customers, after receipt of the gift, subsequently withdraw the deposits within the stipulated period from the date of placement, OCBC Bank shall be entitled to debit the value of the gift plus any goods or services tax, or such other amount as it deems fit from any OCBC Bank account of the customer. Limited to one gift per child.

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.

Terms and Conditions Governing PAL Promotion

OCBC Mighty Savers customers have to present their Young Savers Account passbook/Monthly Savings Account statement to VivaPal, the owner of the PAL membership, upon registration to enjoy the fee discount. Promotion is valid from 1 November 2015 to 31 May 2016.


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