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

Apply online
 

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

Bonus interest rates for
 

Sign-up period: 9 - 31 May 2023

 

June 2023

July 2023

August 2023

Interest rate applicable a year*

3.00%

3.20%

3.65%

Effective interest
rate a year

3.28%

*The above interest rate is inclusive of base interest of 0.05% a year.

The maximum placement amount per customer is S$1 million in existing or fresh funds.

 

Sign-up period: X - 30 June2023

 

July 2023

August 2023

September 2023

Interest rate applicable a year*

X.00%

X.00%

X.00%

Effective interest
rate a year

3.28%

*The above interest rate is inclusive of base interest of 0.05% a year.

The maximum placement amount per customer is S$1 million in existing or fresh funds.

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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.

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

Deposit requirements

Initial deposit

S$1,000

Minimum average daily balance for the month

S$1,000

Statement

Monthly statements

Paper or e-Statement

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 OCBC Electronic Statements

Terms and conditions governing the OCBC CASA July Promotion 2024

Important notices

Automatic Standing Instruction

GIRO

Insured Deposits Register

Fees and charges

Deposit Insurance Scheme

ways to apply

Open your OCBC Statement Savings Account today

Apply online

or visit us at a branch with these documents.

Locate a branch
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

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 and an image of your signature

Additional documents
Include any one of the following documents:

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement
Fill application form 
Apply with Myinfo
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.

Log in to Internet Banking 
  • OCBC Passbook Savings Account
  • OCBC Statement Savings Account
  • SmartParent Account
  • EasiSave Account
  • OCBC Monthly Savings Account
  • Premier Statement Savings Account
  • Premier EasiSave

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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