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.
Statement Savings Account
Your savings account that comes with monthly statements
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
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
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.
ways to apply
Open your OCBC Statement Savings Account today
or visit us at a branch 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
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
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.