Statement Savings Account
Your savings account that comes with monthly statements
A hassle-free account that lets you transact, save, and keep track with monthly statements.
Earn interest on your savings:
| Amount in account | Interest rate |
| Entire account balance | 0.05% a year |
| Amount in account |
| Entire account balance |
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
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.
Open your OCBC Statement Savings Account today
or visit us at a branch with these documents.
For Singaporeans and Permanent Residents:
NRIC
For foreigners:
Passport
Employment Pass (EP); or S-Pass or Student Pass
Initial deposit:
S$1,000
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
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.