Premier Dividend+ Savings Account

Grow your savings if you simply don't withdraw

Why you will love this

Earn higher returns on your savings

Deposit funds and see your savings grow – it is this easy

Who is eligible

OCBC Premier Banking customers who make an initial deposit of at least 50,000 SGD in fresh funds

Have us contact you

Earn higher interest when you save and make no withdrawals.

How it works

Here's how you can enjoy higher interest than usual every month.

  • Total interest earned
  • How to gain interest

Earn up to 3.30%
a year

on your account balance

1.05% a year

(21 times the base interest)

In each month, deposit at least 3,000 SGD and make no withdrawals

2.20% a year

(44 times the base interest)

Make no withdrawals

0.05% a year

Base interest

If you meet the requirements above, we will credit the bonus interest to you on the 1st working day of the following month.

What you will earn

If you deposit 350,000 SGD in your account, you will earn:

  • 14.86 SGD
  • 668.70 SGD
  • 980.76 SGD
14.86 SGD

Interest earned for the month

 668.70 SGD

Interest earned for the month

 980.76 SGD

Interest earned for the month
No withdrawals made
Deposited 2,000 SGD and above
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No withdrawals made
Deposited 2,000 SGD and above
Read more less
No withdrawals made
Deposited 2,000 SGD and above
Read more less
Base Interest14.86 SGD Base Interest14.86 SGD Base interest 14.86 SGD
'No withdrawal' bonus652.84 SGD 'No withdrawal' bonus652.84 SGD
'No withdrawal and save' bonus312.06 SGD
Important Information

Deposit requirements

Initial deposit

OCBC Premier Banking customers who deposit at least 50,000 SGD in fresh funds

Terms and Conditions

*Fresh funds refer to funds that are not transferred, withdrawn or redeposited (in the form of a cheque, Cashier’s Order or demand draft) from your existing OCBC deposit account(s).

Terms and Conditions Governing OCBC Premier Dividend+ Savings Account

Terms and Conditions Governing Deposit Accounts

Insured Deposits Register

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 100,000 SGD 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 100,000 SGD for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

FAQS
Common questions
How do I earn the various types of interest?

You can earn base interest and bonus interest every month:

  1. Base interest
    This interest is accrued daily based on your account’s end-day balance. You will receive this at the end of the month.
  2. Bonus interest
    You will earn two types of bonus interest on your account’s average daily balance. After you meet the following requirements, you will earn bonus interest on the 1st working day of the following month:
    • ‘No withdrawal’ bonus of 2.20% a year: Make no withdrawals in a month
    • ‘No withdrawal and save’ bonus of 1.05% a year: Make no withdrawals and deposit 3,000 SGD in your account in a month
When do I need to deposit at least 3,000 SGD in my account to qualify for the ‘No withdrawal and save’ bonus?

The value date of your deposit must fall within the month you wish to earn bonus interest for. You may make a deposit via any method, such as a recurring FAST payment. If you make the funds transfer on a non-working day (e.g. Sunday or a public holiday) via FAST or PayNow, the value date will be the next working day.

Is there a limit to the bonus interest I can earn?

No. So long as you meet the bonus interest requirements, bonus interest will be calculated based on your entire account balance.

What will happen if I make a withdrawal in a month?

You will earn base interest.
Here is an example:

Month Withdrawals made? Deposit amount Total interest rate in a year
January No 3,000 SGD 3.30%
February No 0 SGD 2.25%
March Yes 200 SGD 0.05%

Are you an existing Premier Banking customer?

Reach out to your Relationship Manager or call us
at 1800 773 6437 (local) / (65) 6722 2293 (overseas)