Mighty Savers®   Programme

Teach your child the
importance of savings

Earn up to
0.80% p.a.

on your Monthly Savings Account

Get an extra
S$25 cash gift

when you save regularly for your child


How to apply

OCBC Mighty Savers® Programme helps to cultivate good saving habits in your child. To join this programme, simply sign up for the OCBC Monthly Savings Account to enjoy attractive interest rates and exclusive privileges.

Make the most of your savings with
the Monthly Savings Account

Base Interest

 

0.05% p.a.

+
Bonus Interest

 

0.35% p.a.

Deposit a minimum of S$50 monthly without any withdrawals

+
CDA Advantage Bonus Interest

 

0.40% p.a.

OCBC Child Development Account holders enjoy additional bonus interest

=
Total Interest

Up to

0.80% p.a.

For a Limited period only

S$25 Cash Gift when you make your S$50 monthly contributions via GIRO for 6 consecutive months

S$25 Cash Gift
when you make your S$50 monthly contributions via GIRO for 6 consecutive months

What you need to know

Eligibility
For children under 16 years old, a parent or legal guardian has to be a joint account holder
Initial Deposit
No initial deposit required
Minimum Balance
No minimum balance to maintain
Monthly Statements
e-Statement

2 ways to apply

At a branch

 

Please bring along:
1
Birth certificate

of child

2
NRIC

for Singaporeans
and Singapore PRs

or
EP/S-Pass

employment pass/S-pass
or student pass and
passport for foreigners

3
Additional documents



Include any one of the following documents:

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement

Please also bring the letter of guardianship if you are not the child's parent

Find nearest branch to apply
Locate

By Mail

 


Complete the form and mail it to us with copies of your:
1
Birth certificate

of child

2
NRIC

for Singaporeans
and Singapore PRs

or
EP/S-Pass

employment pass/S-pass
or student pass and
passport for foreigners

3
Additional documents



Include any one of the following documents:

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement

Please include the letter of guardianship if you are not the child's parent


Important notices

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.

Disclaimer

Please note that you will be leaving the OCBC Bank website to Great Eastern's website, a third party website. OCBC Bank has no control over this website and is not responsible for its contents.

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