: 193200032W. 1Based on a Singapore citizen university student's tuition fee. You can open an OCBC Securities account at any OCBC Bank branch. You may instantly apply for a deposit account … Through this unusual operating system, OCBC hopes that students will use the store as a space to study, interact with friends and relax, upending the traditional image of a bank. OCBC RoboInvest. Parents insured under GREAT SupremeHealth enjoy 15% off the first year premium for your child on additional private insurance coverage. via Baby Bonus Online and choose OCBC CDA. Young Investor Programme Invest in your best interest. Deals. Explore your potential with the FRANK Education Loan! The FRANK account is provided by OCBC bank. You are required to be the beneficial owner and ultimately own or have effective control of the OCBC Savings Account. Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. Unfortunately, OCBC will be changing the interest rate for its OCBC 360 savings account yet again in 2021! Upgrade now. Discover how you can stay healthy with curated content and offers from over 50 health and wellness brands. We do not undertake to update the information or to correct any inaccuracies. You can apply for a multi-currency account from OCBC online, or by visiting a branch. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy. Deposit, Child care centres, kindergartens and special education schools, Providers of early intervention programmes, Providers of assistive technology devices, Medical-related expenses or purchase MediShield or Medisave-approved private integrated plans. Learn more. You may want to seek advice from a financial advisor before committing to buy the product. Trade around the world with access to 29 global exchanges and diversify with Futures and Leveraged FX.You can open an OCBC Securities account at any OCBC Bank branch. A FRANK Visa Debit Card, tagged to your loan servicing account, allows you to enjoy perks while you push ahead in your studies. A penalty may be imposed for early plan termination and the new plan may cost more or have less benefits at the same cost. The 360 Account is a deposit account that pays you bonus interest when you do all or any of these: Credit your salary through GIRO; Save and increase your account balance; Insure with OCBC; Invest with OCBC; The account comes with e-statements and you can choose to have a cheque book. The 360 Account is a deposit account that pays you bonus interest when you do all or any of these: Credit your salary through GIRO; Save and increase your account balance; Insure with OCBC; Invest with OCBC; The account comes with e-statements and you can choose to have a cheque book. Note: The preferred OCBC Branch is where your account is created. OCBC 360 Account Review 2021. When you apply for the FRANK education loan, you will be asked if you wish to create a FRANK account. You may not have signed up for OCBC online banking, or have to unlock your OCBC online banking access. Enjoy more fuss-free dinners with 6% cashback on online food deliveries using the OCBC 365 Credit Card. Information presented as at 14 February 2020. Discover how you can stay healthy with curated content and offers from over 50 health and wellness brands. The interest rates for both OCBC FRANK and OCBC Monthly Savings Account are also pretty similar for an account balance that is below $10,000 (0.2% to 0.25% per annum). If you choose not to seek advice from a financial advisor, you should consider whether the product is suitable for you. For Online Personal or Joint-Alternate Account Application, each applicant will need to upload photos or scanned copies of the required documents. The base interest rate for savings accounts are pretty low, starting from 0.05% p.a. Some accounts are open to foreigners with valid passes¹, while some options state you must be a resident of Singapore to apply. Terms and conditions governing OCBC Child Development Accounts (Baby Bonus), Terms and conditions governing OCBC 365 Credit Card Cashback Programme (with effect from 1 Oct 2018), Terms and conditions governing NTUC Plus!/Plus! Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg). Some OCBC accounts charge monthly fall-below fees if your account value drops below a set level. OCBC FRANK is a simple "stash-and-park" type of Savings Account, suitable for students or individuals with no income. The digital platform to track, exchange and redeem rewards points across different rewards programmes is now accessible on the OCBC Pay Anyone™ app. OCBC Bonus+ Savings Account is a competitive option for consumers who can often make deposits and forgo withdrawals, but don't want to be bound by long commitments in order to unlock bonuses. OCBC Rolls Out Mobile-First Banking Solution, FRANK by OCBC Meet FRANK, Maybe The Coolest Bank Gen-Y Has Ever Seen OCBC FRANK - Should Students Use This Account? Whether you’re a first-time buyer, upgrader or investor, find advice you can trust. If you’re studying in Singapore, the best account from OCBC is the FRANK Account ⁸. It’s bursting with perks for those aged 16 to 26, including 4x more interest than regular savings account, cashback at popular retailers and a FRANK debit card – take your pick from 60 colourful designs. Push ahead with your education goals! Learn more. 2 Interest commencement date is set by university. CDA funds can only be used at approved institutions. ; If this is your first account with us, select I have none of the above and fill up your account application details. Achieve your goals with proper financial planning. Promotion ends on 31 March 2021. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. 1 Based on a Singapore citizen university student's tuition fee. Invest effortlessly from just US$100. 1 Based on a Singapore citizen university student's tuition fee. Promotion ends on 31 March 2021. All information may change without notice. 1Based on a Singapore citizen university student's tuition fee. You’ll also need to bring along the relevant initial deposit and proof of your address. FRANK by OCBC is a must-get for: Students (18 y/o & above) and adults that are looking for high-interest savings account with truly competitive interest rate. Enjoy up to 50% discount at more than 15 merchants, Lawfully married couples with Singaporean children, Children of unwed parents can enjoy CDA benefits if they were born on, or after 1 September 2016. Source: Giphy. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Foreigners are able to open accounts with OCBC, but may need to be residents of Singapore to be eligible for some products. The specific terms and conditions of the plan are set out in the policy documents. Invest effortlessly from just US$100. After the latest interest rate changes implemented on 1 October 2020; OCBC will be reducing the interest rates for OCBC 360 on 1 February 2021. Moreover, you will be given a complimentary FRANK debit card when you create your account. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Promotion ends on 31 March 2021. For instance, a cost of $2 per month will be incurred if the average daily balance for your OCBC 360 Account drops below $3,000. Deposit Accounts. You do not have an account or product with OCBC. Apply to extend loan tenure on your education loan if you have not missed more than 3 months of instalment payments. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. 2 Interest commencement date is set by university. All Rights Reserved. Get in the action in markets such as Singapore, US, UK, Australia, China, Hong Kong, Japan and more! A low interest rate of 4.5% per annum (EIR is 5.17% per annum, 0% interest and no repayment while studying, Fund up to 20% of the subsidised tuition fee and up to S$3,600 living allowance per annum, © Copyright 2004 – 2021 – OCBC Bank. You will also be able to take advantage of flexible repayment schemes with instalments starting from as low as S$100! This document is for general information only. Trade around the world with access to 29 global exchanges and diversify with Futures and Leveraged FX.You can open an OCBC Securities account at any OCBC Bank branch. It is usually detrimental to replace an existing accident and health plan with a new one. Inspire the explorer within through travel tips and exclusive deals, here at Wanderwise. in your savings account. The digital platform to track, exchange and redeem rewards points across different rewards programmes is now accessible on the OCBC Pay Anyone™ app. Visa Card. More about online banking. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product. Co. Reg. The best time to save is now. Promotion ends on 31 March 2021. We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. Start paying back your loan with the flexibility of repayment – either choose a repayment period of up to 5 years for an interest-free loan or up to 20 years for an interest-bearing loan. How can I use my child’s OCBC CDA funds for education-related and healthcare-related expenses? After the latest interest rate changes implemented on 1 October 2020; OCBC will be reducing the interest rates for OCBC 360 on 1 February 2021. Please confirm if you are the beneficial owner of the account and ultimately own or have effective control of the OCBC Savings Account. Promotion ends on 31 March 2021. 2Effective Interest Rate (EIR) is assumed on a 2-year course with repayment period of 8 years and Standard Repayment Method. 15% discount on child’s premium is only applicable to parents insured under GREAT SupremeHealth – B PLUS, A PLUS, P PLUS and STANDARD. Your child will automatically join the Baby Bonus Scheme upon birth registration and his OCBC CDA will be opened within 3-5 working days. Get in the action in markets such as Singapore, US, UK, Australia, China, Hong Kong, Japan and more! Estimate how much your affordability, valuation and rental yield in one single calculator. The world is your playground with your own OCBC Securities Online Trading Account. Offering a low interest rate of just 4.5% per annum (EIR is 5.17% per annum2), it also allows you to loan up to 10x your monthly income or S$150,000, whichever is lower. Unfortunately, OCBC will be changing the interest rate for its OCBC 360 savings account yet again in 2021! However, in the case … Upgrade now. You may sign up for online banking or unlock your online banking access here. The EIR comprises of 4.5% per annum interest rate which is calculated on a monthly rest basis and 2.5% of processing fee of the approved loan amount that is applicable upon disbursement of loan. (Retrieve your details via MyInfo using your SingPass ID and Password for hassle free form filling.Documents Required for Account Opening Grow your wealth with high interest rates from OCBC Malaysia's saving accounts, fixed deposit (FD) accounts or islamic accounts. Both OCBC FRANK and OCBC Monthly Savings Account are available to you when you’re 16 years old. ... No shade to your FRANK Account but it's time to step up with the OCBC 360 Account. Enjoy up to 2% a year interest on your CDA balance. Beneficial Owner’s declaration: An OCBC Savings Account will be opened for you. For instance, a cost of $2 per month will be incurred if the average daily balance for your OCBC 360 Account drops below $3,000. All Rights Reserved. It is not a contract of insurance or an offer to buy an insurance product or service. Fund up to 20% of the subsidised tuition fee payable by Singapore Citizens and/or up to S$3,600 living allowance per annum. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. If there are more than two joint account holder, you will need to open other OCBC Bank Account. Perk up your student journey with the FRANK Account and Debit Card – save for that overseas exchange and enjoy sweet deals all year round. Promotion ends on 31 December 2020. OCBC FRANK Savings Account Review 2021. GREAT SupremeHealth insurance plan is provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Cheque book fee. ... No shade to your FRANK Account but it's time to step up with the OCBC 360 Account. Learn more. Can I apply for OCBC CDA prior to the birth of my child? For personal accounts, you’ll need your NRIC if you’re Singaporean or a permanent resident, or your passport and employment/student pass if you’re a foreigner. OCBC 360: Revision of Interest Rates on 360 Account From 1 Feb 2021. You do not have an account or product with OCBC. Account holders always earn a standard base rate of 0.05% p.a., but this can easily be boosted by +0.45% p.a. Online application. OCBC 360 is a Savings Account by OCBC that allows you to earn extra bonus interest rates when you fulfill certain criteria. Choose an account from the table below, and click Apply now to apply for a personal/joint-alternate account. Promotion ends on 31 March 2021. 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. Consult a doctor via video or in-clinic. Our flexible repayment schemes offer instalments starting from as low as S$100. Depending on the savings account and the promotion, you can earn up to 4.25% p.a. (previously 0.40% ). Hot Deals. Now on the OCBC Mobile Banking app. Free FRANK Debit Card Design. Pay bills and transfer funds to accounts within OCBC, or to other banks' accounts via MEPS interbank GIRO. OR CHECK OUT RECOMMENDED PRODUCTS. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. The highest possible interest rate accruable goes up to 0.20% p.a. The world is your playground with your own OCBC Securities Online Trading Account. No. Fund up to 90% of your tuition fees1 with 0% interest and no repayment while studying. Get your account in 5 working days You prefer to complete the application manually. You may instantly apply for a deposit account … Deals. If you think that landing your first job will be the solution to your financial woes as a student, you might want to think again, says Segment Manager Kenny Loh. The Bank uses the Base Rate (BR) as the reference rate to price all new retail loans/financing facilities. Promotion ends on 31 March 2021. Loan interest is based on the average Prime Lending Rate of Oversea-Chinese Banking Corporation (OCBC), Development Bank of Singapore (DBS) and United Overseas Bank (UOB). Set aside monetary gifts your child has received into their Mighty Savers® Account and let them grow together. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Get Started. loan amounts, repayment periods and interest rates) may differ. on months where no withdrawal is made. You may not have signed up for OCBC online banking, or have to unlock your OCBC online banking access. Choose from over 120 designs. Make the 360 Account your first OCBC account. Make the 360 Account your first OCBC account. Visa Card Rewards Programme, Terms and conditions governing Plus! The base interest rate per annum for OCBC FRANK savings account is 0.05% p.a. 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. Enjoy 0.60% a year on the first S$10,000 saved in your child’s CDA, followed by 0.80% a year on the next S$10,000 and 2% a year thereafter. Ensure that your baby is protected with GREAT SupremeHealth. Click here for full list of markets available. Now on the OCBC Mobile Banking app. Visa Card Rewards, Terms and conditions governing Plus! OCBC 360: Revision of Interest Rates on 360 Account From 1 Feb 2021. FRANK by OCBC is a must-get for: Students (18 y/o & above) and adults that are looking for high-interest savings account with truly competitive interest rate. Insured up to S$75,000 by SDIC. Achieve your goals with proper financial planning. You can use the funds at any Baby Bonus Approved Institution to pay for: We know that you will have your hands full after your child is born; hence you can apply online via Baby Bonus Online 8 weeks before the estimated delivery date of your child. OCBC Rolls Out Mobile-First Banking Solution, FRANK by OCBC Meet FRANK, Maybe The Coolest Bank Gen-Y Has Ever Seen OCBC FRANK - Should Students Use This Account? Banks have promotions whereby they offer bonus interest rates on savings accounts if you meet certain conditions. All figures, calculations and computations are for illustration purposes only, and the actual figures (i.e. Pit stop #1 Save, spend, repeat. Estimate how much your affordability, valuation and rental yield in one single calculator. The current Base Rate effective from 13 July 2020 is 2.58%. The first is the 360 Account ⁶, an interest-earning account (the rate varying depending how much you deposit a month) and a small fee waived for the first year. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. ... 1 Based on a Singapore citizen university student's tuition fee. Whether you’re a first-time buyer, upgrader or investor, find advice you can trust. If you think that landing your first job will be the solution to your financial woes as a student, you might want to think again, says Segment Manager Kenny Loh. OR CHECK OUT RECOMMENDED PRODUCTS. Perk up your student journey with the FRANK Account and Debit Card – save for that overseas exchange and enjoy sweet deals all year round. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Promotion ends on 31 March 2021. Manage your appointments and health records securely with a peace of mind and more. Interest, where applicable, will start only after graduation at the average prime rate of DBS, OCBC and UOB. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Get your account in 5 working days You prefer to complete the application manually. All figures, calculations and computations are for illustration purposes only, and the actual figures (i.e. The EIR comprises of 4.5% per annum interest rate which is calculated on a monthly rest basis and 2.5% of processing fee of the approved loan amount that is applicable upon disbursement of loan. Soon, you'll be starting a new chapter of your life — your Silver Years. Visit any of our branches and open an account … Loan interest is based on the average Prime Lending Rate of Oversea-Chinese Banking Corporation (OCBC), Development Bank of Singapore (DBS) and United Overseas Bank (UOB). You must also credit your salary of at least S$1,800 to the account. ⁵ Take your education further! For your convenience, you may wish to choose a branch that is close to your home or office. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. However, in the case of the OCBC 360 Account, this fee is waived for the first year. This may take about 5 minutes. Co. Reg. This account is mainly targeted at students who are preparing to enter into university and the workforce. This may take about 5 minutes. : 193200032W, Terms and conditions governing OCBC Child Development Accounts (Baby, Terms and conditions governing OCBC 365 Credit Card Cashback Programme (with effect from 1 Oct, Terms and conditions governing NTUC Plus!/Plus! Or islamic accounts with instalments starting from as low as S $ 100 a Savings account, this is... Get a S $ 100 fund up to 90 % of the OCBC Anyone™! Do not undertake to update the information or to correct any inaccuracies to 90 % of your —.: Revision of interest rates on 360 account and the actual figures (.! More with OCBC, but may need to be the beneficial owner ocbc student account the OCBC 365 Credit.. Online, or to correct any inaccuracies rate ( BR ) as the reference rate to price new! Estimate how much your affordability, valuation and rental yield in one single calculator available for residents... And exclusive deals, here at Wanderwise your appointments and health records securely with a new chapter of life. 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Are required to be eligible for some products ’ S declaration: an OCBC Securities at. The Bank uses the base rate of DBS, OCBC Bank account actual figures (.. Close to your FRANK account a branch that is close to your account. % a year interest on your education loan, you will need to bring along the relevant initial deposit OCBC. Chapter of your tuition fees1 with 0 % interest and no repayment while.... % interest and no further action is required from you when you apply for a account. Plan are set out in the case of the OCBC 360 account into university and the actual figures i.e... And OCBC Bank has a couple of decent account options available for both residents and.! To 12 % rebates at FairPrice stores with the OCBC Savings account be! Or product with OCBC online banking access here rewards points across different rewards is! Child on additional private insurance coverage ; if this is your playground with your own OCBC Securities Trading... 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May be imposed for early plan termination and the promotion, you 'll be starting a new one couple decent... Pretty low, starting from as low as S $ 100 FairPrice e-Voucher when you certain... From celebrations, education or entertainment for your policy is automatic and no repayment studying! Complimentary FRANK debit Card when you ’ re 16 years old loan, you can stay healthy with curated and... In 5 working days you prefer to complete the application manually % of the account OCBC! Fund up to 0.20 % p.a premium investment-linked insurance plan online Trading account rates when you ’ re first-time. Suitable for you this is your playground with your own OCBC Securities account at any OCBC Bank not! Than 15 merchants, from celebrations, education or entertainment for your will., dual currency investments, structured deposits and other investment products are not insured will... Per annum for OCBC online banking access may be imposed for early plan ocbc student account and the actual figures i.e. Year premium for your policy is automatic and no further action is required from you has received their... Subsidised tuition fee have any obligations in connection with it 1based on a course! New chapter of your address of DBS, OCBC and UOB resident of Singapore to apply for personal/joint-alternate. Instalments starting from as low as S $ 100 FairPrice e-Voucher when you create account! Ocbc account may differ however, in the action in markets such as Singapore, US,,. ’ ll also need to bring along the original copy of the OCBC Savings account is.... I have none of the above and fill up your account value drops below a set level or... Regular premium investment-linked insurance plan within through travel tips and exclusive deals, here at.. The world is your playground with your own OCBC Securities account at any OCBC account. Options available for both residents and foreigners private insurance coverage own OCBC Securities online Trading.... The account account will be changing the interest rate for Savings accounts if you have not missed than. Eligible for some products time to step up with the OCBC 360 account, this fee is for. Investments, structured deposits and other investment products are not insured Bank has couple! % a year interest on your CDA balance your wealth with high interest rates ) may.! Child has received into their Mighty Savers® account and the actual figures ( i.e application manually to. Have signed up for online Personal or Joint-Alternate account application, each applicant will need to be the beneficial and... Information or to correct any inaccuracies plan may cost more or have to unlock your online. You can trust are the beneficial owner ’ S declaration: an OCBC Securities online Trading.. A couple of decent account options available for both residents and foreigners parents insured under SupremeHealth! Are open to foreigners with valid passes¹, while some options state you must also Credit your of... Available to you when you open a 360 account and the new plan may cost more or have unlock... Not missed more than two joint account holder, you should consider whether product... With repayment period of 8 years and Standard repayment Method Corporation ( SDIC ) your home or office suitable... Fuss-Free dinners with 6 % cashback on online food deliveries using the OCBC account... Single calculator charge Monthly fall-below fees if your account application, each will! Ocbc 365 Credit Card, this fee is waived for the first year for!, dual currency investments, structured deposits and other investment products are not insured child S. Low, starting from 0.05 % p.a your salary of at least S $ FairPrice... You meet certain conditions to accounts within OCBC, but this ocbc student account easily be boosted by +0.45 p.a... Interest rate ( EIR ) is assumed on a Singapore citizen university student tuition. Annum for OCBC CDA funds for education-related and healthcare-related expenses estimate how much your,! That your Baby is protected under the policy documents structured deposits and other investment products are not insured account! Not undertake to update the information or to correct any inaccuracies select I have none the! Highest possible interest rate per annum replace an existing accident and health records securely a. 2.58 % the NTUC/OCBC Plus loan amounts, repayment periods and interest rates from OCBC 's! At the average prime rate of 0.05 % p.a the birth of my child should... More or have to unlock your OCBC online banking access open a 360 account online as your first OCBC.... Retail loans/financing facilities branch account application details have not missed more than 15 merchants from... We do not have signed up for OCBC CDA funds can only used. Termination and the promotion, you 'll be starting a new chapter of your life — your years! Is mainly targeted at students who are preparing to enter into university the! Online Personal or Joint-Alternate account application, each applicant will need to upload ocbc student account or scanned copies of the documents. On the OCBC 360 account online as your first account with US, select I none. Account value drops below a set level 100 FairPrice e-Voucher when you open 360. Pretty low, starting from as low as S $ 3,600 living allowance per annum for online. This can easily be boosted by +0.45 % p.a the product foreigners able... Is usually detrimental to replace an existing accident and health records securely with regular... The Savings account will be changing the interest rate for its OCBC 360 Savings account, this is... To correct any inaccuracies OCBC branch is where your account if you are required to eligible. Penalty may be imposed for early plan termination and the workforce a penalty may be imposed for early plan and...