Passbook Savings Account

Your savings account that comes with a passbook

Why you will love this

Easily track your balance and transactions with a savings passbook

Keep your savings separate from your day-to-day transactions

Who can apply

Anyone at least 16 years old

Singaporean, Singapore PR or foreigner with a valid pass

How to apply

The OCBC Passbook Savings Account comes with a passbook to help you track your account balance and transactions.

Rates

Earn interest on your savings:

Amount in account Interest rate
Entire account balance 0.05% a year
Amount in account
Entire account balance
Before you apply

Eligibility requirements

Minimum age

16 years old

Documents required

NRIC for Singaporeans and Singapore PRs

Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) 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

Fees

Fall below fee

S$2

Replacement fee for a lost passbook

S$15

Deposit requirements

Initial deposit

S$1,000
(For Basic Banking Account, the initial deposit is S$1)

Minimum average daily balance for the month

S$1,000
(For Basic Banking Account, the average daily balance for the month is S$500)

Letters

You will receive electronic versions of Letters for all your relationships/accounts.

Terms and conditions

Terms and conditions governing Deposit Accounts

Terms and conditions governing Electronic Banking Services

Important notices

Insured Deposits Register

Automatic Standing Instruction

Fees and charges

GIRO

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

Open OCBC Passbook Savings Account today

Locate a branch

and visit us with these documents.

1
For Singaporeans and Permanent Residents:

NRIC

For foreigners:

Passport
Employment Pass (EP); or S-Pass or Student Pass

2
Initial deposit:

S$1,000

3
Include any one of the following documents:

Phone bill
Half-yearly CPF statement
Any bank statement

  • OCBC Passbook Savings Account
  • OCBC Statement Savings Account
  • SmartParent Account
  • Easisave Account
  • OCBC Monthly Savings Account
  • Premier Statement Savings Account
  • Premier Easisave

Foreign Currency Deposits

Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency deposit is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.

Promotional interest rate

Currency Tenure
(months)		 Apply via
Singapore Dollar (SGD) 12 Internet Banking Mobile Banking