Plus! Savings Account

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Plus! Savings Account

Everything you need and more in a savings account

Earn up to 0.15% per year

With S$0 initial deposit, S$0 monthly service fee, and cheque books available upon request.

Eligibility

Singaporeans, Permanent Residents, or Foreigners.

Apply now

How it works

Boost your savings with a deposit account that earns you interest, with absolutely no lock-in period and minimum balance requirement.

0.1% per year

0.15% per year

0.1% per year

First S$50,000 deposit

Next S$450,000 deposit

Above S$500,000 deposit
(With effect from 1 September 2019)

What you will get

Your Plus! Savings Account comes with a OCBC Plus! Visa Credit Card or Debit Card, that doubles as an ATM card to access your savings account.

Fees and Eligibility

OCBC Plus! Visa Debit Card

Minimum Age

16 years old

Annual fee

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.

OCBC Plus! Visa Credit Card

Minimum Age

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.

Fees (only for OCBC Plus! Visa Credit Card)

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

Questions you may have

What does Plus! Savings Account offer and what is so special about this account?

You can enjoy the following when you save in your Plus! Savings account:

No minimum account opening fee
No monthly service fee
No lock-in period
Easy access via 1200 ATMs islandwide
Option of a cheque book

How does the Plus! Savings Account interest rate work?

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.

What are the other fees and charges on my Plus! Savings Account?

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

My Plus! Savings Account is dormant, how do I activate it?

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)

Ways to apply

Open your Plus! Savings Account with us today

Apply now

Open your new Plus! Savings Account with a new OCBC Plus! Visa Credit or Debit Card online.

Or if you are an existing OCBC Plus! Credit Cardholder, open a new Plus! Savings Account which can be tagged to your existing Credit Card by visiting at a branch with these documents.

Locate a branch

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.

Choose your card

OCBC Plus! Visa Credit Card

Select your card >

OCBC Plus! Visa Debit Card

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For Singaporeans and Permanent Residents:

NRIC

For Foreigners:

Passport
Employment Pass (EP); or S-Pass

Additional documents
Include any one of the following documents:

Phone bill
Half-yearly CPF statement
Any bank statement

NEW

Get a queue number before visiting the branch via Easy Q!

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 of, or guaranteed by OCBC Bank. The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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.