Mighty Savers Account | OCBC Singapore

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Mighty Savers® Account

Teach your child the importance of saving

Why you will love this

Earn up to 0.60% per year on your entire OCBC Mighty Savers® Account balance

No minimum balance required and no coin deposit fee

Enjoy priority queue on Sundays at all Sunday Banking branches

Eligibility

Child below 16 years old

A parent or legal guardian must be a joint account owner

For Singaporeans, Permanent Residents and foreigners residing in singapore

OCBC Mighty Savers® is a savings programme that teaches your child the importance of saving. To enjoy the benefits, sign up with your child today.

How it works

To earn a bonus interest of 0.20% per year, just save as low as S$50 monthly and make no withdrawals. OCBC Child Development Account (CDA) holders enjoy an exclusive additional 0.35% per year.

0.05%

per year

Base interest

Everyone enjoys this base interest

Everyone enjoys this base interest

0.20%

per year

Bonus interest

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

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

+
+

0.35%

per year

CDA Advantage Bonus Interest

OCBC CDA holders enjoy additional bonus interest

OCBC CDA holders enjoy additional bonus interest

+
+

up to 0.60%

per year

Total interest

=
=
Note: The CDA Advantage Bonus Interest is applicable for up to two accounts.
Privileges
Before you apply

Eligibility

Age

Child below 16 years old. A parent or legal guardian must be a joint account owner.

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-Statement



How to apply

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

1
For Singaporeans and Permanent Residents, 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

2
Proof of address (any one of the original documents below):

Phone bill

Half-yearly CPF statement

Any bank statement

3
Initial Deposit

S$0

4
Get a queue number before visiting the branch via Easy Q!