Give your savings a boost

Give your savings a boost

Earn interest of up to 3.70% per year for months when you save and make no withdrawals

Premier Dividend+ Savings Account

Premier Dividend+ Savings Account

Earn interest of up to 3.70% per year on your entire account balance

How it works

How it works

• Earn interest of up to 3.70% per year on your entire account balance when you don’t withdraw and
deposit a minimum of S$2,000 monthly.
• Continue earning interest of 2.65% a year if you simply don’t withdraw.
• For months when you need to access your money, you will receive the base interest of 0.05% a year.

To be eligible

To be eligible

• Exclusively for OCBC Premier Banking customers with an initial deposit of S$50,000 in fresh funds*

Questions you may have

How do I qualify for the various interest types?

You get 2 categories of interest on your account every month.

  • Base interest

    This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.

  • Bonus interest

    You earn 2 types of bonus interest on your account's average daily balance and you will receive this on the 1st business day of the following month.

    • Earn a Monthly No Withdrawal bonus interest of 2.65% a year for months when you do not make any withdrawals.
    • Earn a Monthly No Withdrawal & Save bonus interest of 1.05% a year for months when you do not make any withdrawals and save S$2,000.

How can I deposit the minimum S$2,000 each month to be eligible for the Monthly No Withdrawal and Save bonus interest?

You can choose to deposit the money through any of your preferred methods.

For example, you can set up a recurring monthly FAST contribution instruction.

Is there an account balance limit for the bonus interest?

No there isn't. You will get the bonus interest on your entire account balance, if the required criteria is met.

What happens if I make a withdrawal in that month?

You will receive the base interest for months when you made a withdrawal.
For subsequent months, you can earn the bonus interest if you meet the bonus interest criteria.

For illustration purpose:

Calendar month Any withdrawal? Deposit amount Total interest rate (per year)
January No S$2,000 3.70%
February No S$0 2.65%
March Yes S$200 0.05%
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.

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