Mighty Savers® Account

Teach your child the importance of saving

Why you will love this

Earn up to 0.20% interest a year on your entire account balance

No minimum balance required and no coin deposit fee

Enjoy priority queue service on Sundays at all Sunday Banking branches

Who can apply

Child below 16 years old

A parent or legal guardian as a joint account owner

Both residing in Singapore

OCBC Mighty Savers® is a savings programme that teaches your child the importance of saving. To enjoy the benefits, sign up with your child today.

HOW IT WORKS

To earn a bonus interest of 0.05% a year, just save as little as S$50 a month and do not make any withdrawals. OCBC Child Development Account (CDA) holders earn additional 0.10% interest a year.

0.05%

a year

Base interest

Everyone enjoys this base interest

Everyone enjoys this base interest

0.05%

a year

Bonus interest

Deposit at least S$50 and do not make any withdrawals within the month.

Deposit at least S$50 and do not make any withdrawals within the month.

+
+

0.10%

a year

CDA Advantage Bonus Interest

OCBC CDA holders earn additional bonus interest.

OCBC CDA holders earn additional bonus interest.

+
+

up to0.20%

a year

Total interest

=
=
Note: The CDA Advantage Bonus Interest is applicable to up to two accounts.
PRIVILEGES
icon_priority_queue

Priority queue for kids

Children can enjoy Mighty Savers® Fast Track at any "Sunday at OCBC" branch.

Find a Sunday Banking branch

Children can enjoy Mighty Savers® Fast Track at any "Sunday at OCBC" branch.

Find a Sunday Banking branch
icon_deposit_icons

Deposit coins for free

Make coin deposits for free at our new ATMs at selected branches, 24/7.

Find a new ATM

Make coin deposits for free at our new ATMs at selected branches, 24/7.

Find a new ATM
before you apply

Eligibility requirements

Age

Children below 16 years old and a parent or legal guardian can open a joint account

Nationality

Singaporeans, Singapore PRs and foreigners residing in Singapore

Documents required

Parent's NRIC and child's birth certificate for Singaporeans

Parent's NRIC, child's birth certificate and a valid permit (e.g. ICA Entry Permit (Form 5) or Re-entry Permit (Form 7)) if child is Singapore PR for Singapore PRs

Parent's passport, a valid pass (e.g. Employment Pass (EP), S-Pass, Student Pass, Dependent Pass (DP) or Long Term Visit Pass (LTVP)) and child's birth certificate and passport for foreigners

Additional document

Include any one of the following documents that shows your residential address

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


Deposit requirements

Initial deposit

Not applicable

Minimum average daily balance for the month

Not applicable


Statement

Monthly statements

e-Statement only




Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


HOW TO APPLY

Visit any OCBC branch to open Mighty Savers® Account today

1
For Singaporeans and Singapore PRs:

NRIC of Parent

Birth Certificate of Child

ICA Entry Permit (Form 5) or Re-entry Permit (Form 7) if child is PR

For foreigners:

Passport of Parent

Employment Pass (EP), S-Pass, Student Pass, Dependent Pass (DP) or Long Term Visit Pass (LTVP)

Passport of Child

Birth Certificate of Child

2
Include any one of the following documents:

Phone bill

Half-yearly CPF statement

Any bank statement

3
Initial deposit:

S$0