Mighty Savers® Account

Saving doesn’t just build values.
It’s rewarding too.

Take home limited-edition gifts when you deposit S$500 or more
Earn up to

0.8% p.a.

on your entire OCBC Mighty Savers® Account balance

Eligibility

For children under 16. A parent or legal guardian must be a joint account owner.

Master the Art of Saving and be rewarded this Chinese New Year

Discipline, Patience, Perseverance - Grow your child's saving habit with OCBC Mighty Savers® and receive one of our limited-edition customisable pixel art gifts when you deposit at least S$500
or S$1,500 by 28 February 2019. While stocks last!

Pencil Case

Pixel art pencil case with
min. deposit of S$500 in fresh funds

Back Pack

Pixel art backpack with
min. deposit of S$1,500 in fresh funds

 

Note: Pixel designs are for illustration purposes only and are not on the actual products. Pixels are provided separately.

Collect our a-maze-ing Mighty Savers® ang baos

Help our dancing lion reach his oranges! Each ang bao features a delightful mini maze. To receive your pack, head down to any OCBC branch now!

Ang Pow

Not part of the OCBC Mighty Savers® Programme?

Sign up for the OCBC Mighty Savers® Account with your child to enjoy up to 0.8% per year and the above offers.

Earn higher interest with OCBC Mighty Savers® Account

Base
Interest

 

0.05% per year

+
Bonus
Interest

 

0.35% per year

Deposit a minimum of S$50
and make no withdrawals within the month

+
CDA Advantage
Bonus Interest

 

0.40% per year

OCBC Child Development Account holders enjoy additional bonus interest

=
Total
Interest

Up to

0.80% per year

Note: The CDA Advantage Bonus Interest is applicable for up to two accounts.

OCBC Mighty Savers® Programme privileges

Pray New

Priority queue for kids

Children can enjoy the Mighty Savers® Fast Track at any "Sunday at OCBC" branch.

Stay New

Stay updated on latest promotions

Never miss out on a promotion with our monthly sNewsletter OCBC Family Times.

Before you apply

Eligibility

Age

Children below 16 years old. A parent or legal guardian is required to open a joint Mighty Savers® Account with the child.

Nationality

Singaporeans, Permanent Residents and Foreigners residing in Singapore


Fees

Initial Deposit

S$0

Minimum average daily balance for the month

S$0

Monthly statements

e-Statements

How to apply

Visit any OCBC branch to open your Mighty Savers® Account today

and visit us with these documents.

More promotions for the family

Cash

Chinese New Year marks another year of your kids realising more of their potential. Their future starts today. Plan now and enjoy double cash reward of up to S$4,000 when you purchase any selected endowment plans. Valid until 31 March 2019. T&Cs apply. To find out more and skip the queue, leave your details here.

For Singaporeans and Permanent Resident:

Please bring along original copy of:

  • NRIC
  • Birth Certificate of Child
For Foreigners:

Please bring along original copy of:

  • Passport
  • Employment Pass (EP); or S-Pass or Student Pass
  • Passport of Child
  • Birth Certificate of Child
Initial Deposit:

S$0

Proof of address (any one of the original documents below):
  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement

NEW

Get a queue number before visiting the branch via Easy Q!

Important notes

Insurance policies are underwritten by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not deposits or obligations of, or guaranteed by OCBC Bank. The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. This advertisement has not been reviewed by the Monetary Authority of Singapore.

1.

For Singaporeans and Permanent Resident

Please bring along original copy of:

  • NRIC
  • Birth Certificate of Child

For Foreigners

Please bring along original copy of:

  • Passport
  • Employment Pass (EP); or S-Pass or Student Pass
  • Birth Certificate of Child
2.

Initial Deposit:

S$0

3.

Proof of address (any one of the original documents below):

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

NEW

Get a queue number before visiting the branch via Easy Q!

Share the gift of saving

For the past 10 years, we have partnered parents in teaching their children the value of saving at an early age. This value of saving then becomes a gift that they can carry into adulthood.

Start your children on their saving journey today with OCBC Mighty Savers®!

What you need to know


Initial Deposit
No initial deposit required
Minimum Balance
No minimum balance to maintain
Monthly Statements
e-Statement

Terms and Conditions Governing Mighty Savers® Chinese New Year Promotion

List of savings accounts under the OCBC Mighty Savers Programme: Young Savers Account and Mighty Savers Account. Free gifts are issued while stocks last. The deposits placed into the Young Savers Account or Mighty Savers 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/Mighty Savers 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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