OCBC Monthly Savings Account

OCBC Monthly Savings Account

OCBC Bank has a new Monthly Savings Account promotion that is available now. In OCBC monthly savings account, you can earn interest of up to 1.48% on a 24 months savings account. This savings account allows you to save a fixed amount every month according to your bank savings requirements.

Benefits of OCBC Monthly Savings Account:

You can earn higher interest of 1.08% p.a. or 1.48% p.a. This is more than a usual savings or current account. If you need to withdraw the money, you still receive the full principal sum plus 0.8% p.a. interest. This monthly savings account plan lasts for 24 months. You can have fixed monthly savings amount of as low as S$100 (S$50 via Internet Banking or mail-in application). There are no monthly account fees for the OCBC monthly savings account.

Terms of OCBC Monthly Savings Account:

The OCBC monthly savings account is open to individuals aged 5 years old and above. For individual less than 18 years old, you need to open a joint account with parent(s)/guardian(s) who must be at least 21 years old for this OCBC monthly savings account.

The minimum monthly savings is S$100 (S$50 via Internet Banking or mail-in application) and in incremental multiples of S$10. The maximum monthly savings is S$5,000.

If you terminate the OCBC monthly savings account, early termination fee of S$30 applies if your OCBC monthly savings account is closed within 6 months from account opening date.

Check out the details of the OCBC monthly savings account.