Statement Savings Account
Your savings account that comes with monthly statements
Enjoy up to 1.90% p.a. bonus interest Find out more
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 |
Unlock up to 1.90% p.a. bonus interest
Enjoy a special 3-month bonus interest when you deposit at least S$20,000 in fresh funds. Plus, insure with us and earn more bonus interest.
Terms and conditions apply.
I am a
| Tiers | Criteria | Month 1 | Month 2 | Month 3 |
| SAVE | Deposit a minimum of S$20,000 (in multiples of S$10,000) in fresh funds into your eligible savings account. | 0.10% | 0.40% | 0.70% |
| SAVE + INSURE | Achieve the SAVE tier, and purchase an eligible insurance product. | 1.70% |
| Tiers |
| SAVE |
| SAVE + INSURE |
Note: Bonus interest is only applicable to the deposited fresh funds.
| Tiers | Criteria | Month 1 | Month 2 | Month 3 |
| SAVE | Deposit a minimum of S$20,000 (in multiples of S$10,000) in fresh funds into your eligible savings account. | 0.20% | 0.50% | 0.80% |
| SAVE + INSURE | Achieve the SAVE tier, and purchase an eligible insurance product. | 1.80% |
| Tiers |
| SAVE |
| SAVE + INSURE |
Note: Bonus interest is only applicable to the deposited fresh funds.
| Tiers | Criteria | Month 1 | Month 2 | Month 3 |
| SAVE | Deposit a minimum of S$20,000 (in multiples of S$10,000) in fresh funds into your eligible savings account. | 0.30% | 0.60% | 0.90% |
| SAVE + INSURE | Achieve the SAVE tier, and purchase an eligible insurance product. | 1.90% |
| Tiers |
| SAVE |
| SAVE + INSURE |
Note: Bonus interest is only applicable to the deposited fresh funds.
Register for this promotion
Register online with your OCBC Statement Savings, Premier Statement Savings or Premier EasiSave accounts, or visit any OCBC branch.
For Premier Banking Customers and Premier Private Clients, please contact your Relationship Manager / Client Advisor, or visit a Premier Banking Centre.
Achieve the SAVE tier
Deposit a minimum of S$20,000 (in multiples of S$10,000) in fresh funds into your savings account. You will need to complete this step to qualify for the SAVE + INSURE tier.
Achieve SAVE + INSURE tier
Purchase an eligible insurance product within the same month of the deposit.
If you do not have an OCBC Statement Savings Account, please apply for one online via Myinfo before registering for this promotion. Customers who do not have Myinfo or are foreigners can open their accounts at any OCBC branch.
For Premier Banking Customers and Premier Private Clients, you can contact your Relationship Manager (RM) / Client Advisor, or visit a Premier Banking Centre to open your account.
Promotion ends 30 June 2021. Terms and conditions apply.
Fresh Funds deposited must be in multiple of S$10,000, up to a maximum of S$500,000 and must be maintained for 3 months.
Withdrawal is permitted within this period, subject to our right to debit fees (including the bonus interests).
Insured up to S$75k by SDIC.
Insurance Disclaimer
The insurance plans are provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group and HSBC Insurance (Singapore) Pte. Limited. The insurance plans are not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.
This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.
We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.
Policy Owner's Protection Scheme
The insurance plans are protected under the Policy Owner's Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by Monetary Authority of Singapore.
Information presented as of 1 May 2021.
Register for this promotion via:
- Internet Banking
- Online form (if you do not have Internet Banking)
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.