Mighty Savers® Account

masthead

Teach your child
the importance of saving

Earn up to

0.8% p.a.

on your entire OCBC Mighty Savers® Account balance

Eligibility

For children under 16 years of age, a parent or legal guardian is required to open a joint Mighty Savers® Account with the child

How to apply

masthead

OCBC Mighty Savers® is a savings programme that teaches your child the importance of saving. To join the programme and enjoy higher interest, sign up for the OCBC Mighty Savers® Account with your child today.

Earn higher interest with OCBC Mighty Savers® Account

Base
Interest

 

0.05% p.a.

+
Bonus
Interest

 

0.35% p.a.

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

+
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.

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

Make playtime count with OCBC Mighty Savers®

Playtime is more than just fun time. It is a great way for your child to develop cognitive and social-emotional skills, not to mention a good alternative to spending too much time on digital devices! Let OCBC Mighty Savers® help you teach your child the importance of financial literacy through play.

Learn more

What you need to know

Eligible 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
Initial deposit S$0
Minimun average daily balance for the month S$0
Monthly statements e-Statements

Apply now

  • At any branch

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.

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.

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.

Ok

Desktop App Store Google Play