Mighty Savers® Account
Teach your child the importance of saving
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.
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 0.20% 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.
0.20%
a year
CDA Advantage Bonus Interest
OCBC CDA holders earn additional bonus interest.
OCBC CDA holders earn additional bonus interest.
up to0.30%
a year
Total interest
Priority queue for kids
Children can enjoy Mighty Savers® Fast Track at any "Sunday at OCBC" branch.
Find a Sunday Banking branchChildren can enjoy Mighty Savers® Fast Track at any "Sunday at OCBC" branch.
Find a Sunday Banking branch
Deposit coins for free
Make coin deposits for free at our new ATMs at selected branches, 24/7.
Find a new ATMMake coin deposits for free at our new ATMs at selected branches, 24/7.
Find a new ATMEligibility 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
Terms and conditions
Important notices
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.
Visit any OCBC branch to open Mighty Savers® Account today
and visit us with these documents.
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
Include any one of the following documents:
Phone bill
Half-yearly CPF statement
Any bank statement
Initial deposit:
S$0
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.
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