OCBC Starter Savings Account

With the OCBC Starters Savings Account, you can earn interest rates as high as 2.9% p.a. when you don't make any monthly withdrawals!

    • Phone Banking Service
    • Account Statement
  • Min. AmountMax. AmountInterest Rate
    RM1RM9992.5% p.a.
    RM1000RM29992.6% p.a.
    RM3000no maximum2.9% p.a.
View product disclosure sheet.


What would make it different?

Online Banking
OCBC Online Banking
Mobile App
PIDM Protected
ATM Card

Fees & Charges

There are always fees but how much are they?

ATM Card Issuance Fee
MEPS Withdrawal Fee
HOUSe Withdrawal Fee
Overseas Withdrawal Fee
Early Closure Fee


Are you eligible for this account?

Minimum Age
18 years old
Minimum Initial Deposit

Frequently Asked Questions about OCBC Starter Savings Account

Things you might want to know

What do I need to know about OCBC Starter Savings Account?

This savings account is designed to motivate the right saving attitude. Switch to OCBC Starter Savings Account and receive attractive return rates for your hard earn money - with a minimum deposit of RM4000, you can earn their super saver rates of up to 2.90% provided that you do not make any withdrawals. 

If you have to withdraw cash, your interest rates will drop down to as low as 1.45%. The amount of interest rates you may earn depending on the amount of savings you have.

Who can apply for this account?

All Malaysian citizens, permanent residents, and foreigners above the age of 18 years old and above. If you'd like to sign your children up for an account, you can apply as long as you have an existing in-trust account opened under your name.

To begin your application, you will need an initial deposit of RM4,000 along with your identity card or passport.

What are the benefits of using the OCBC Starter Savings Account?

You will gain access to Public Bank online banking - enjoy the many perks of internet banking and manage your accounts online. With online banking, you can track your account balances, and look up previous and current account statements. OCBC has up their game on security banking too, giving customers peace of mind when managing their wealth online.

OCBC will also provide a convenient and effective financing tool called MoneyIn$ight which enables you to effectively manage your finances by comparing your spending and savings with people of similar financial background with the People like you comparison tool.

Are there any hidden fees I need to be aware of?

There are a few fees that you should keep in mind. There will be a RM20 fee, for terminating your account within 3 months of activation.

But more importantly, cash withdrawals at non- OCBC ATM with VISA plus will set you back RM12 for every withdrawal! So, unless it is super urgent, it's best to withdraw from an OCBC ATM.

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