You may deposit any amount from S$20,000 to a maximum of S$500,000, in multiples of S$10,000. Example: S$30,000 or S$110,000, etc.
Passbook Savings Account
Your savings account that comes with a passbook
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)
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.
How to apply
Open OCBC Passbook Savings Account today
and visit us with these documents.
FAQs
Common questions
How much can I deposit in my savings account for this promotion?
Mr Ang is an OCBC Personal Banking customer. When and how much bonus interest will Mr Ang receive if he deposits S$50,000 on 10 May 2021 and if he purchases an eligible insurance?
| Tiers | Month 1 | Month 2 | Month 3 | Total Bonus Interest Earned |
|---|---|---|---|---|
| SAVE |
10 May to 9 June 2021 S$50,000 x 0.10% p.a. x 31 days = S$4.24 To by credited by 30 June 2021 |
10 June to 9 July 2021 S$50,000 x 0.40% p.a. x 30 days = S$16.43 To by credited by 31 July 2021 |
10 July to 9 August 2021 S$50,000 x 0.70% p.a. x 31 days = S$29.72 To by credited by 31 August 2021 |
S$50.39 |
| SAVE & INSURE |
10 May to 9 June 2021 S$50,000 x 0.10% p.a. x 31 days = S$4.24 To by credited by 30 June 2021 |
10 June to 9 July 2021 S$50,000 x 0.40% p.a. x 30 days = S$16.43 To by credited by 31 July 2021 |
10 July to 9 August 2021 S$50,000 x 1.70% p.a. x 31 days = S$72.19 To by credited by 31 August 2021 |
S$92.86 |
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
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.