Monthly Savings Account

Achieve your goals with
regular monthly savings

Initial deposit

S$
0


Minimum monthly savings

S$
50

Set a monthly contribution instruction
through GIRO or Online Banking.



Eligibility

Singaporeans, Singapore PRs and foreigners age 16 and above

Children below 16 years can open a joint account together with their parent/guardian who is 21 years and above

How to apply

  • Earn up to 0.40% p.a.
  • Start saving from as little as S$50 per month

Earn up to 0.80% p.a. when you save regularly for your child with the Monthly Savings Account! You can enjoy the additional 0.40% p.a. CDA Advantage Bonus Interest on up to two joint accounts with your child. T&Cs apply.

Exclusive MSA interest rate for OCBC CDA holder

Simply visit any OCBC Bank branch to open an account.


eStatements will be provided.


2 ways to apply

Via Online Banking

 For existing OCBC customers

Login to Online Banking


Don't have Online Banking yet? Apply now


At a branch

 

Please bring along:
1
NRIC

for Singaporeans and
Singapore PRs

OR

 
Passport +
Employment Pass/S-Pass

    Foreigners need to bring:

  • Passport

  • Employment Pass (EP) or S-Pass
    or Student Pass

2
Additional documents

Include any one of the following documents:

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement
Find nearest branch to apply
Locate

For a single account
Download application form


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

for Singaporeans
and Singapore PRs

or
EP/S-Pass

Employment pass/S-Pass or student pass and passport for foreigners

2
Additional documents

for non-OCBC deposit customers

Include any one of the following documents:

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

Applicants should be age 15 and above.

This mail service is only applicable to customers in Singapore.



Important Notices