Enjoy flexibility to transact and save in eight major currencies

Enjoy flexibility to transact and save in eight major currencies

To be eligible
Exclusively for OCBC Premier Banking and OCBC Premier Banking Asia customers

Premier Global Savings Account

Premier Global Savings Account

  • Instant account opening

    Premier Banking customers who have OCBC Digital Banking access can open an account instantly.

  • No conversion fees

    Use your Premier World Elite™ Debit Card to make transactions in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, and USD – no fees will be incurred.
    If you have another debit card, you can also link it to your account.

  • Attractive rates for 10 major currencies, 24/7

    Exchange foreign currencies with ease on OCBC Digital app. Get real-time notifications on your desired FX rates using Rate Alerts and lock them in with Auto-execute orders.
    Find out more

Attractive real-time exchange rates

The online foreign exchange function is only available between 8am on Monday and 11.59pm on Friday.

On weekends, you will see an estimated foreign exchange rate when you set up any foreign exchange transaction involving SGD or USD. If you decide to make the transaction, we will process it the next working day at the prevailing foreign exchange rates.

How it works

With the Premier Global Savings Account, you get to enjoy the flexibility of saving and transacting in 8 major currencies and also receive preferential interest rates on selected currencies.
  Base interest rates (per year)
Currency First
100,000 units		 Next
250,000 units		 Next
650,000 units		 1,000,000
units and above
United States Dollar (USD) 0.01% 0.01% 0.03% 0.03%
Australian Dollar (AUD) 0.01% 0.01% 0.03% 0.03%
New Zealand Dollar (NZD) 0.01% 0.01% 0.03% 0.03%
  Base interest rates (per year)
Currency First
500,000 units		 Next
1,500,000 units		 Next
3,000,000 units		 5,000,000
units and above
Chinese Yuan Offshore (CNH) 0.02% 0.02% 0.02% 0.02%
The interest rates stated here are subjected to change without prior notice.
New accounts are no longer offered for JPY and CHF currencies. Existing accounts with CAD, CHF, EUR, GBP, HKD and JPY do not earn any interest.

Unlock higher interest on your CNH deposits

Top up your Premier Global Savings Account from now till 31 March 2021 with Chinese Yuan Offshore (CNH) deposits to enjoy up to 1.02% per year on your incremental balances.
Simply deposit funds of minimum CNH 500,000 into your OCBC Premier Global Savings Account during the promotion period and enrol by speaking to your Relationship Manager. T&Cs apply.

Before you apply

Before you apply

Initial deposit required
  • AUD 5,000
  • CAD 5,000
  • CNH 5,000
  • CHF 5,000
  • EUR 5,000
  • GBP 5,000
  • NZD 5,000
  • USD 5,000
  • HKD 50,000
  • JPY 500,000
Minimum end balance required daily to earn interest rate
  • AUD 5,000
  • CAD 5,000
  • CNH 5,000
  • CHF 5,000
  • EUR 5,000
  • GBP 5,000
  • NZD 5,000
  • USD 5,000
  • HKD 50,000
  • JPY 500,000
Fall below fee S$0
Monthly statements Paper or e-Statement

Questions you may have

How will bonus interest be calculated?

You can earn 2 types of bonus interest:

  1. Wealth bonus
    Earn 0.45% a year for 12 consecutive months on your account average daily balance, up to the first USD 150,000 when you purchase an eligible insurance/investment products from OCBC.

  2. Top-Up Bonus
    For months when you increase your account average daily balance by at least USD 50,000 from the previous month; earn 0.70% a year on the incremental balances with no limit.

What are the eligible products to qualify for Wealth bonus?

Insurance policies (Denominated in USD only)

  • PremierLife Generation II (USD)
  • Emerald Legacy Life (USD)
  • Universal Life Plans
  • HSBC Life Variable Annuity

Investment products (Denominated in USD only)

  • Unit Trust (excluding money market funds, Systematic Investment Programme (OCBC Momentum) and Unit Trusts transferred in from other financial institutions
  • Structured deposits
  • Bonds
  • Equity-Linked Convertible Investments
  • Reverse Equity-Linked Convertible Investment
  • Structured Investments
  • Structured Notes

What happens if I subsequently purchase another eligible insurance/investment product before the completion of my current 12-month bonus period?

The Wealth bonus earned on the account will be extended for another 12 consecutive months after the effective date of (your most recent) purchase post free-look period or 14 days, whichever is later.

When will the bonus interest be paid?

Bonus Interest will be calculated at the end of each calendar month and will be credited on the 7th business day (excluding Saturday and Sunday) of the following month.

Apply for an account now

Apply for an account now

For existing OCBC Premier
Banking customers

1800 773 6437
(1800 PREMIER)
or 65 6530 5930 (overseas)
Foreign currency deposit

Foreign 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.

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