Boost your savings with a deposit account that earns you interest, with absolutely no lock-in period and minimum balance requirement.
First S$50,000 deposit
Next S$450,000 deposit
Above S$500,000 deposit
(With effect from 1 September 2019)
To get the most out of your NTUC-OCBC Starter Account, simply
First S$50,000
(With effect from 1 September 2019)
Next S$450,000
Above S$500,000 deposit
(With effect from 1 September 2019)
Your NTUC-OCBC Starter Account comes with a NTUC Plus! Visa Credit Card or Debit Card, that doubles as an ATM card to access your savings account.
Minimum Age
16 years old
Criteria
Must be an NTUC Union member
Fees
Free (prevailing NTUC membership fee applies)
Minimum Age
21 years old
Criteria
Must be an NTUC Union member
Minimum Annual Income
S$30,000 for Singaporeans and Permanent Residents; S$45,000 for Foreigners
Fees for Principal card
Free (prevailing NTUC membership fee applies)
Fees for Supplementary card
Free (up to 3 supplementary cards)
Interest fee
26.76% per annum
Penalty fee for partial or non-payment
Minimum charge of S$2.50 per month (calculated from the transaction date)
Fees and charges
For more fees and charges, view here
From September 2019, enjoy a S$50 cash rebate when you start crediting your salary of S$1,000 or more into your NTUC-OCBC Starter Account via GIRO by 31 Jan 2020
Terms and conditions applyNTUC-OCBC Starter Account is an account exclusively for NTUC Union members. Enjoy 1% per year on your first $50,000 of your balances when you credit your monthly salary of at least S$1,000 to your account via GIRO and make 3 Visa transactions on your NTUC Plus! Visa Credit/Debit Card per month.
NTUC-OCBC Starter Account is a current account that can be linked to your NTUC Plus! Visa Debit or Credit Card.
You can enjoy the following when you save in your NTUC-OCBC Starter Account account:
NTUC-OCBC Starter Account Account interest rates:
Balances in NTUC-OCBC Starter Account | Base Interest Rates | Bonus Interest Rate (With GIRO salary credit of at least S$1,000 + at least 3 Visa transactions on NTUC Plus! Visa Credit/Debit Card monthly) | Total |
---|---|---|---|
S$0 - S$50,000 | 0.1% per year | 0.9% per year (With effect from 1 September 2019) |
1% per year |
S$50,001 - S$500,000 | 0.15% per year | - | - |
Above S$500,000 | 0.1% per year (With effect from 1 September 2019) |
- | - |
Scenario 1:
If customer has S$600,000 and does not Salary Credit at least S$1,000 via GIRO + 3 Visa transactions on his NTUC Plus! Visa Credit/Debit Card monthly,
Scenario 2:
If customer has S$600,000 and does Salary Credit at least S$1,000 via GIRO + 3 Visa transactions on his NTUC Plus! Visa Credit/Debit Card monthly,
Description | Fees/Charges |
---|---|
Early account closure fee | S$30 if closed within first 6 months |
Cash withdrawal overseas via Visa Plus | 3% of withdrawal amount (min. $5 / max. S$20) |
Excess fee | 4.75% + Prime rate; no min. amount |
Reprint of statement | S$20 per statement |
Sales draft | S$20 per draft |
Failed GIRO (via credit card tagged to account) | S$30 |
Should you wish to reactivate the account remotely, you may do so via OCBC Internet Banking. Or you may choose to visit any OCBC Branch to perform a simple over-the-counter transaction (e.g. a deposit or withdrawal of any amount)
Open your new NTUC-OCBC Starter Account with a new NTUC Plus! Visa Credit or Debit Card online.
Or if you are an existing NTUC Plus! Credit Cardholder, open a new NTUC-OCBC Starter Account which can be tagged to your existing Credit Card by visiting at a branch with these documents.
Important Notices
Plus! U is a collaboration amongst NTUC FairPrice Co-operative Limited, Link Loyalty Service Pte Ltd and Oversea-Chinese Banking Corporation Limited. All banking products and services, unless otherwise stated, are provided by Oversea-Chinese Banking Corporation Limited for Plus! U.
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.
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.