Place your idle funds in a SGD Time Deposit to earn higher interest. If you need cash urgently, an overdraft facility can be arranged so you continue to earn interest on your SGD deposit.
1 to 6 days and weekly tenors, 1 to 15, 18, 24 and 36 months
3 choices of renewal instructions to meet your needs
Overdraft facility available
Requirements
Individuals aged 18 years old and above
Trust account can be opened for individuals below 18 years old, in the parent/guardian's name
Minimum deposit of S$5,000
Single or joint names
Apply Now
Visit any OCBC Bank branch today with your identity card, your child’s Birth Certificate and the minimum initial deposit to open the account. For non-Singaporeans, please bring your passport and employment pass/work permit.
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:
Telephone bill generated by SingTel, M1 or Starhub; OR
Any bank statement (savings, current, credit card or personal credit statement).
Fees
Premature termination penalty will apply
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.
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