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Key Benefits
  • Fun & engaging savings programme for your child
  • Special "Fast Track" children's queue during Sunday Banking
  • No monthly account fee or service charge
 
You're in : Home » Banking » Deposits » Savings » Mighty Savers™ Programme
 


Your child is never too young to start saving! Under the Mighty Savers™ Programme, your child can learn to save in a fun way.

Mechanics

The Mighty Savers™ Programme is an interactive savings program to help you educate your child on savings in a fun and meaningful way through the Mighty Savers™ Stickers and Card game.

Step-by-Step Mechanics

  • Bring the card and stickers home
  • Award your child with 1 sticker whenever he/she saves S$1
  • When you child saves S$20, he/she would have completed 1 card
  • Bring the completed card with 20 stickers and bank in your child's savings (S$20) at any OCBC Branch
  • Exchange for a Mighty Savers™ encouragement gift for your child and a new savings card
  • The 3rd, 6th and 9th completed card earns your child 1 special badge
  • Collect all 3 badges and become a Super Mighty Saver!

 

Click here to find out more about the Mighty Savers™ Promotions.

 

Products Under The Mighty Savers™ Programme:

  • Young Savers
  • Passbook Savings Trust
  • Statement Savings Trust
Apply Now!

Interest Rates

Account Balance Interest Rates (p.a.)
First S$50,000 0.125%
S$50,001 to S$250,000 0.250%
Above S$250,000 0.275%

Benefits

Young Savers Account

Requirements

  • No minimum deposit required
  • Child aged 0 to less than 15 years old
  • For child less than 5 years old, parent or legal guardian has to be joint account holder and the account operated by parent/guardian

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.
  • Mail-in Application Form (see below for documents required)

    Documents for Mail-in Application

    • Copy of child's birth certificate.
    • For child with a foreign birth certificate not in English, please bring translated copy of birth certificate endorsed by embassy (birth certificates from Malaysia, China & Indonesia and other birth certificates in English do not require translation).
    • For child less than 5 years old, parent or legal guardian has to be joint account holder and the account operated by parent. The additional documents required are:
      1. Parent's copy of NRIC (front and back) or passport or
      2. Legal guardian's original NRIC (front and back) or passport and official proof of Legal Guardianship (issued by the court)
      3. For foreigners, please include copy of passport and Work Permit or Employment Pass
    • 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 from SingTel, M1 or Starhub OR
      2. Any statement (savings, checking, credit card or personal credit statement) from a bank in Singapore

Fees

  • No monthly service fees

Deposit Insurance Scheme

Singapore dollar deposits held by or for an individual or a charity 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 Act.

Related Links

Visit www.ocbc.com/mightysavers for more information on OCBC's family offerings
Apply Now!
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