Which bank is best to open savings account

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Deposit accounts for all your banking needs
Get rewards with OCBC 360 Account and OCBC 365 Credit Card
Higher returns of up to 3.30% a year on 12-month SGD Time Deposit is just a move away
Enjoy these services with your accounts
Why you will love this
Who can apply
Which bank is best for savings account?
Which bank gives 7% interest on savings account?

Deposit accounts for all your banking needs

all accounts

Day-To-Day Banking

360 Account

Earn up to 4.05% a year and more when you credit your salary, save, spend, insure and invest with us.

FRANK Account

An account for youths between 16 to 26. No initial deposit or minimum balance required.

Children’s Account

Child Development Account (CDA)

A savings account for your newborn. The government will match dollar for dollar, the amount you save, up to a certain limit.

Mighty Savers® Account

Teach your child the importance of saving and earn up to 0.30% a year.

Time Deposit

Secure higher returns with fixed tenures of up to 36 months for Singapore dollars and 10 major foreign currencies.

Promotion

Get rewards with OCBC 360 Account and OCBC 365 Credit Card

Higher returns of up to 3.30% a year on 12-month SGD Time Deposit is just a move away

For a limited time only, we’ve increased our 12-month SGD Time Deposit rate of up to 3.30% a year to help you earn higher returns on your savings. Open a Time Deposit account and start transferring your funds to OCBC now to maximise your earnings.

Insured up to S$75K by SDIC. Terms and conditions apply.

Account Highlights

Enjoy these services with your accounts

Opening an account with us is just the start. Make the most of your banking with our conveniently located branches, 24-hour ATMs and online banking services that let you access your account anytime, anywhere.

Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Foreign Currency DepositsForeign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency deposit is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.

360 ACCOUNT

Why you will love this

Earn effective interest rate of up to 3.45% a year and more on your first S$70,000
Earn more interest when you save, spend, insure or invest

Who can apply

Anyone above 18 years old
Singaporean, Singapore PR or foreigner with a valid pass

Find out more

Which bank is best for savings account?

Best Zero Balance Savings Account Of October 2022.

Axis Bank PRIME Savings Account..

Indus Delite Savings Account (IndusInd Bank).

Kotak 811 Full KYC Account (Kotak Mahindra Bank).

Jupiter Savings Bank Account (Jupiter).

Basic Savings Bank Deposit Account (State Bank of India).

Methodology..

Frequently Asked Questions (FAQs).

Which bank gives 7% interest on savings account?

The average monthly balance requirement is Rs 2,000 to Rs 5,000. Ujjivan Small Finance Bank is offering interest rates up to 7 percent on savings accounts. Equitas Small Finance Bank is offering interest rates up to 7 percent on savings accounts. The average monthly balance requirement is Rs 2,500 to Rs 10,000.