Monthly Savings Account

Achieve your goals with
regular monthly savings

Initial deposit


Minimum monthly savings


Set a monthly contribution instruction
through GIRO or Online Banking.


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.

Online and Mobile Banking

Track your spending by category

Your spending is automatically sorted by category so you know exactly where your money is going with Money In$ights.

Online security guarantee

We guarantee a full refund of any money lost due to online banking fraud.

*Terms and conditions apply

More about Online Banking

Sunday at OCBC

Open every day at 18 branches from 11am to 7pm

A new banking experience awaits you at our 18 full-service 'Sunday at OCBC' branches.

Learn more about Sunday at OCBC

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:

for Singaporeans and
Singapore PRs


Passport +
Employment Pass/S-Pass

    Foreigners need to bring:

  • Passport

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

Additional documents

Include any one of the following documents:

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

For a single account
Download application form

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

for Singaporeans
and Singapore PRs


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

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