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
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
Passbook you can update on your own
Earn interest if monthly average balance is at least S$1
Deposit cash into your account using our new non-card deposit facility
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.
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:
Parent's copy of NRIC (front and back) or passport or
Legal guardian's original NRIC (front and back) or passport and official proof of Legal Guardianship (issued by the court)
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:
Telephone bill from SingTel, M1 or Starhub OR
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.
