Open an OCBC Statement Savings Account and you will no longer need to maintain a Passbook! This account allows you to save, enjoy the flexibility of withdrawals and earn interest.

Interest Rates

Benefits

• Interest bearing account if monthly average balance is at least S$1
• Available as a single or joint account
• Monthly statements showing your transaction details
• Withdraw or deposit cash with your Easi-Card at our ATMs and Automated Deposit Machines at all OCBC Bank Branches and Fastlanes
• 24-Hour account access through OCBC Internet Banking and OCBC Phone Banking
• Make purchases using your Debit Card anywhere in the world with just a signature! The purchases are debited from your account directly.
• Deposit cash into your account using our new non-card deposit facility

Requirements

• Individuals aged 15 years and above
• Minimum deposit of S$1,000
• Trust accounts can be opened for individuals below 15 years old, in the parent/guardian's name
• For debit card application, individual must be 16 years and above

Apply Now

• Visit any OCBC Bank branch today with your identity card and the minimum initial deposit to open the account. For non-Singaporeans, please bring your passport and employment pass/work permit.
• Apply Online through OCBC Internet Banking
• Apply Online if you do not have OCBC Internet Banking
• Mail-in Application Form (see below for documents required)

  Documents for Mail-in Application

  • For Singaporean & PR: Copy of NRIC (front & back).
  • For foreigners, copy of passport and employment pass/work permit
  • If you do not have an existing OCBC deposit account, please submit any one of the following documents latest original document reflecting the same name and address indicated in the application form:
    1. Telephone bill generated by SingTel, M1 or Starhub; OR
    2. Any bank statement (savings, current, credit card or personal credit statement).

Fees

Deposit Insurance Scheme

Singapore dollar deposits held by or for a non-bank depositor in accounts listed in OCBC Bank's Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore.

Notice

For EasiStart account customers: With effect from 22 January 2010, EasiStart customers can also opt for monthly electronic statements of account, besides paper statement of account. As a result, we have amended Clause 9(A) of the Terms & Conditions Governing Deposit Accounts and the updated Terms & Conditions Governing Deposit Accounts will be effective from 22 January 2010.