Statement Savings Account

Your savings account that comes with monthly statements

Why you will love this

Transact and save in one single account

Easily manage and view your transactions

Choose to receive your statements either in hardcopy, or electronically

Who can apply

Anyone above 16 years old

Singaporean, Singapore PR or foreigner with a valid pass

 

Earn S$50 worth of NTUC FairPrice Vouchers or more now. T&Cs apply.
Find out more

A hassle-free account that lets you transact, save, and keep track with monthly statements.

Rates

Earn interest on your savings:

Amount in account Interest rate
Entire account balance 0.05% a year
Amount in account
Entire account balance
Promotions
Celebrate Singapore's 56th Birthday with 5.6% Cashback

August SAVE Promotion 2021

From 21 August to 31 October 2021, earn S$50 worth of NTUC FairPrice Vouchers for every S$20,000 in fresh funds deposited into your Statement Savings Account.

Register for the promotion now via Internet Banking or fill in this e-form.


Funds must be maintained for 6 months. Withdrawal is permitted within this period, subject to our right to debit fees (including the value of the vouchers). Insured up to S$75k by SDIC. Terms and conditions apply.

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


Deposit requirements

Initial deposit

S$1,000

Minimum average daily balance for the month

S$1,000


Statement

Monthly statements

Paper or e-Statement




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.


ways to apply

Open your OCBC Statement Savings Account today

FAQs
Common questions
How much can I deposit in my savings account for this promotion?

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.

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

For new customers

Open your account instantly when you apply with Myinfo via Singpass login.

If you do not have Singpass, you can apply online these documents  

For Singaporeans and Permanent Residents:

NRIC


Additional documents
Include any one of the following documents:

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement
Fill application form 
or

For OCBC customers

If you have a current or savings account with us, you can apply instantly via Internet Banking with only a few clicks.