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
 

Earn 2.95% a year when you deposit and maintain a minimum of S$10,000. Find out more

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
Exclusive Promotion

Boost your savings with higher interest rates

From now till 31 August 2024, enjoy a promotional rate of 2.95%* a year on your savings! Simply make a minimum deposit of S$10,000 into your OCBC Passbook Savings Account and maintain the amount till 28 February 2025.

Exclusive for Young Seniors^: Enjoy the flexibility of withdrawing your fresh funds anytime without a penalty after a minimum holding period of 3 months.

^Valid for Majulah, Merdeka, Pioneer Generations, and customers born in 1973 or earlier.

Terms and conditions apply. Insured up to S$100k by SDIC.

*Includes 0.05% a year base interest.
Note: If you withdraw the funds after the interest is paid and before 28 February 2025, interest will be clawed back.

How to participate:

Register for this promotion

Via this e-form (Online banking login required).
Terms and conditions apply. Insured up to S$100k by SDIC.

Make a deposit

Deposit fresh funds in the eligible accounts within 3 days .

Complete the above steps by 31 August 2024.

To withdraw from this promotion, simply submit your request via this e-form.

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What you will earn:

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This is an illustration of the amount of bonus interest (2.90% a year) you can earn:

Fresh Funds Deposit Amount Bonus Interest
(Paid by 20 January 2025)
S$20,000

S$336.87
S$50,000

S$842.19
S$100,000

S$1,684.38
S$150,000

S$2,526.57

Note: Calculation of bonus interest is based on the assumption that funds are earmarked from 01 August 2024 to 28 February 2025.

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Customer may only withdraw from this promotion via this e-form.

Before you apply

Eligibility requirements

Minimum age

16 years old

Documents required

NRIC and an image of your signature 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

Terms and conditions governing the OCBC CASA July Promotion 2024

Important notices

Insured Deposits Register

Automatic Standing Instruction

Fees and charges

GIRO

Deposit Insurance Scheme

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 and an image of your signature

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

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

Eligible accounts:

  • OCBC Passbook Savings Account
  • OCBC Statement Savings Account
  • SmartParent Account
  • MoneyMax Account
  • SmartSavings Account
  • EasiSave Account
  • Premier EasiSave Account

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