Changes to Personal Banking Accounts & Transactions

Interest rate revision

With effect from 1 December 2012, interest rates on the following S$ deposit accounts and the tiering of account balances will be revised to the following:

Type	Product names	Balances	Interest rates (% a year)
Passbook Savings Accounts	Passbook Savings Basic Banking	S$50,001 to S$250,000	0.0500%
	Young Savers Savings (PAR) Savings Account Trust	S$250,001 to S$1million	0.0800%
	Special Savings Account (CPF)	Above S$1 million	0.1000%
Statement Savings	Statement Savings Statement Savings Trust	S$50,001 to S$250,000	0.0500%
	MultiSave, Seniorate, Moi, Student EasiStart, Al Wadiah Savings, Savers, CPF	S$250,001 to S$1 million	0.0800%
	Investment Account	Above S$1 million	0.1000%
Chequing Accounts	EasiSave	S$150,001 to S$1 million	0.1000%
Chequing Accounts	Money Max	Above S$1 million	0.1500%

More than 30 branch transactions in a month? New fees apply.

Starting 1 December 2012, your first 30 branch teller transactions are free - no matter how many accounts you have with us. After that, there will be a $2 charge for each transaction. All internet banking transactions continue to be free. Please call 1800 363 3333 for details.
Changes to the Terms & Conditions Governing Deposit Accounts with effect from 1 December 2012

Clause	Revised clauses
1.3.1 (c)	Replacement of 'OCBC Singapore Syari'ah Advisory Council' with 'Al-Amin Shariah Committee'
2.2, 2.5	Modifications to clause 2.2 and 2.5 'Customer Instructions'
3.1	Modifications to clause 3.1 'Deposit's
4.1, 4.3, 4.5(b)	Modifications to clause 4.1, 4.3, 4.5(b) 'Collection'.
4.5 (e)	Removal of clause 4.5(e) "The Customer hereby waives protest, presentation and notice of dishonour of any item, and hereby waives the right of counter-claim or set off against the Bank."
6.2	Modifications to clause 6.2 'Withdrawals'
7.2, 7.4, 7.6	Modifications to clause 7.2, 7.4, 7.6 'Cheques'
8.1, 8.2	Modifications to clause 8.1, 8.2 'Stop Payment Orders'
9A.1, 9A.3	Modifications to clause 9A.1, 9A.3 'Statements for EasiStart Accounts'
10.2, 10.3	Modifications to clause 10.2, 10.3 'Passbooks'
11.5, 11.6, 11.7	Modifications to clause 11.5, 11.6, 11.7 'Fixed Savings Account'
12.3, 12.5, 12.7	Modifications to clause 12.3, 12.5, 12.7 'Time Deposits'
13.2, 13.3	Modifications to clause 13.2, 13.3 'Individual/ Joint Account(s)'
14.3, 14.4	Modifications to clause 14.3, 14.4 'In-trust-for Accounts'
20.1, 20.2	Modifications to clause 20.1, 20.2 'Closing of Account(s)'
23.5	Modifications to clause 23.5 'Payments to the Bank and Right to Debit'
25	Modifications to clause 25 'Default in Repayment'
33.1	Modifications to clause 33.1 'Amendment(s)'