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

 

Watch your savings increase up to 3.65% a year 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
OCBC Step Up limited-time Promotion (May 2023 Offer)

The smarter way to grow your dough

Watch your savings grow faster by depositing a minimum of S$10,000 (or more in multiples of S$10,000, capped at S$1,000,000 per customer) and locking in these funds from June to August 2023 to earn interest that increases up to 3.65% a year.

There’s no penalty should you wish to withdraw your funds early, making this an easy and flexible way for you to earn more interest.

Note: You may only withdraw from this promotion via this e-form.

How to participate:

Register for this promotion

Via this e-form (Online banking login required).
Terms and conditions apply. Insured up to S$75K by SDIC.

Make a deposit

Deposit funds in the eligible accounts .

Complete the above steps by 31 May 2023.

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 during the 3-month period:

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Sign ups for ocbc step up limited-time promotion (May 2023 offer) has ended

Need to unlock your funds from a previous offer?

Submit your request via this e-form (Online Banking login required). Funds will be available in 3 business days.

See questions & answers

Customer may only withdraw from this promotion via this e-form.
All figures in the above illustration are based on the illustrated interest rates for the promotion’s May 2023 offer period.

See questions & answers

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All figures in the above illustration are based on the illustrated interest rates for the promotion’s June 2023 offer period.

Need to unlock your funds from a previous offer? Submit your request via this e-form (Online banking login required). Funds will be available in 3 business days.

SIGN UP AND GET REWARDED
Enjoy S$30 cash reward

Enjoy S$30 cash reward

Here's what you need to do:

  1. Open an OCBC Statement Savings Account online via Singpass.
  2. Download OCBC Digital and set up OCBC Digital with your ATM/credit/debit card details. View the step-by-step guide on how to apply for OCBC Digital access.
  3. Register for the promotion now.

Terms and conditions apply.

SIGN UP AND GET REWARDED
Enjoy S$10 when you sign up for OCBC Digital with us

Enjoy S$10 when you sign up for OCBC Digital with us

Download OCBC Digital and set up OCBC Digital with your ATM/credit/debit card details. View the step-by-step guide on how to apply for OCBC Digital access. Terms and conditions apply.

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.




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

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 
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.