Boost your savings with a deposit account that earns you interest, with absolutely no lock-in period and minimum balance requirement.
16 years old
S$24 per annum (First 1 year free)To earn an annual fee waiver for your OCBC Plus! Visa Debit Card, you must spend a minimum of at least S$1,200 in one year, starting from the month after your OCBC Plus! Visa Debit Card was issued.
21 years old
Minimum Annual Income
S$30,000 for Singaporeans and Permanent Residents; S$45,000 for Foreigners
Annual fee for Principal card
S$107 per annum (First 1 year free)
Annual fee for Supplementary card
Free (up to 3 supplementary cards)To earn an annual fee waiver for your OCBC Plus! Visa Credit Card, you must spend a minimum of at least S$2,500 in one year, starting from the month after your OCBC Plus! Visa Credit Card was issued.
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
Promotion is valid for Singaporeans and PRs who open a Plus! Savings Account from 1 August - 31 December 2019. Limited to the first 600 customers per month.Learn more
You can enjoy the following when you save in your Plus! Savings account:
Plus! Savings Account interest rates:
|Balances in Plus! Savings Account||Base Interest Rates|
|S$0 - S$50,000||0.1% 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$60,000, for the first S$50,000, he earns interest at 0.1% interest per year and for the next S$10,000, at 0.15% interest per year.
Scenario 2: If customer has S$600,000, for the first S$50,000, he earns interest at 0.1% interest per year and for the next S$450,000, at 0.15% interest per year. His remaining S$100,000 would earn an interest rate at 0.1% per year.
|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)
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.