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NTUC-OCBC Starter Account

Gives you higher interest rates than other banks

Eligibility

  • NTUC members only
  • Singaporeans, Singapore PRs and foreigners
  • NTUC-OCBC Starter Account comes with NTUC Plus! Visa Credit / Debit Card

Debit cards

  • Age 16 and above
  • No minimum income required

Credit cards

  • Age 21 and above
  • Minimum annual income of S$30,000 p.a.
  • Minimum annual income of S$45,000 p.a. for foreigners
  • Minimum annual income of S$15,000 p.a. if aged 55 years old and above

Fees & charges

There is no annual fee for NTUC Plus! Visa Credit Card and NTUC Plus! Visa Debit Card (prevailing union membership fee applies).

The interest rate for NTUC/OCBC Plus! Visa Credit Cards is 26.76% per annum. If we do not receive full payment by the due date, a minimum charge of $2.50 a month, calculated from the transaction date, will be billed to your account.

Learn how does NTUC-OCBC Starter Account benefits me

How it works

Boost your savings with a deposit account that earns you interest, with absolutely no lock-in period and minimum balance requirement.

0.1% per year
0.15% per year
0.1% per year

First S$50,000 deposit


 

Next S$450,000 deposit


 

Above S$500,000 deposit

(With effect from 1 September 2019)

To get the most out of your NTUC-OCBC Starter Account, simply

  • Credit your salary of S$1,000 or more per month via GIRO and
  • Make 3 transactions on your NTUC Plus! Visa Credit/Debit card to enjoy 1% per year interest rate on your first S$50,000 deposits!
1% per year
0.15% per year
0.1% per year

First S$50,000

(With effect from 1 September 2019)

Next S$450,000

Above S$500,000 deposit

(With effect from 1 September 2019)

How does the NTUC-OCBC Starter Account interest rate work?

NTUC-OCBC Starter Account Account interest rates:

Balances in NTUC-OCBC Starter AccountBase Interest RatesBonus Interest Rate (With GIRO salary credit of at least S$1,000 + at least 3 Visa transactions on NTUC Plus! Visa Credit/Debit Card monthly)Total
S$0 - S$50,0000.1% per year0.9% per year

(With effect from 1 September 2019)
1% per year
S$50,001 - S$500,0000.15% per year--
Above S$500,0000.1% per year

(With effect from 1 September 2019)
--

Scenario 1:

If customer has S$600,000 and does not Salary Credit at least S$1,000 via GIRO + 3 Visa transactions on his NTUC Plus! Visa Credit/Debit Card monthly,

  • for the first S$50,000 he earns interest at 0.1% per year
  • and for the next S$450,000, at 0.15% interest per year
  • and for the final S$100,000, he will earn 0.1% interest per year.

Scenario 2:

If customer has S$600,000 and does Salary Credit at least S$1,000 via GIRO + 3 Visa transactions on his NTUC Plus! Visa Credit/Debit Card monthly,

  • or the first S$50,000 he earns interest at 1% per year
  • and for the next S$10,000, at 0.15% interest per year
  • and for the final S$100,000, he will earn 0.1% interest per year.
  • $0

    initial deposit

  • $0

    monthly service fee

  • 1200

    island-wide atms

Easy Way to Access and Manage Your Money

Savings Account linked to NTUC Plus! Visa Card

Your NTUC Plus! Visa Card is not only a credit / debit card, but also an ATM card to access your NTUC-OCBC Starter Account.

Daily Banking Convenience

  • 1,200 atms at convenient locations

    At MRT stations, FairPrice outlets, Caltex stations and all major shopping malls.

    Find nearest ATMs
  • Make deposits

    Deposit your cash at any OCBC ATM PLUS at FairPrice outlets, OCBC Cash Deposit Machine or OCBC branch (subject to over-the-counter transaction fees),or drop your cheque at any OCBC Quick Cheque Deposit Box.

  • Cheque book

    SGD cheque books are available on request at S$10 per cheque book. Fill up the cheque book request form and mail it to us, or call 6781 7090 (press 2).

  • Withdraw cash overseas

    Access cash overseas at ATMs with the Visa / PLUS logo, or at OCBC ATMs in Malaysia and Indonesia.

    View transaction fee

Online and Mobile Banking

  • track your money

    Bank anytime, anywhere with OCBC Online Banking, OCBC Mobile Banking and Plus! Phone Banking.

  • easy payments and transfers

    Pay any bank''s credit card bills online, transfer money locally and to overseas accounts.

  • electronic statements

    Choose to receive paper or electronic monthly statements.

  • online security guarantee

    We guarantee a full refund of any money lost due to online banking fraud.

  • Track your spending by category

    Your spending is automatically sorted by category so you know exactly where your money is going with Money Insigts

Important Notes

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.

How to apply

online application

Get the NTUC-OCBC Starter Account by applying for NTUC Plus! Visa Credit or Debit Card.

Note: NTUC-OCBC Starter Account comes bundled with NTUC Plus! Visa Credit/Debit Card.

in-store application

Get the application form at OCBC branches.