What is OCBC Smart Savers?
This is a savings account that allows you to earn high interest rates of up to 3.05% p.a. when you keep a monthly balance of RM20 without any withdrawals. Of course you can withdraw your money, but this would ruin your chance to enjoy the significantly higher earnings. - So keep your itchy hands off your own money!
What are the other features of this savings account?
You can track your money and make banking transactions conveniently using the wonders of online banking via eLobby - view your e-statement online without the need for physical passbooks and bank statements. Better still, account holders can make withdrawals at any OCBC Singapore branches without any charges! This is great for those who transit between Malaysia and Singapore on a regular basis for business...or pleasure.
Who can apply for this account?
Malaysians, permanent-residents and even foreigners aged 18 and above are eligible to open an OCBC Smart Savers account.
What are the fees and charges I need to watch out?
In the event that you have lost your ATM card, there will be a RM8 fee. Also, watch out the withdrawals made at MEPS ATM Network, it will costs you RM4 per withdrawal, instead of the usual RM1. Lastly, each additional statement request will costs you RM10. What did we tell you, stick with the online banking option!
What do I need to open the OCBC Smart Savers?
You will need:
- Minimum deposit of RM200
- Identification card/Passport or;
- Proof of permanent residency for foreigners