Young Savers Account

An account to get your children saving early

Initial deposit


Minimum monthly balance



  • Age 17 and below
  • For children age 17 and below, trust accounts can be opened with at least 1 parent / guardian
  • Malaysians, Malaysia PRs and foreigners
How to apply

Interest is calculated daily and credited half-yearly on 30 June and 31 December.

Get 5% bonus interest on the interest earned for the year if no withdrawals are made during the calendar year (starting from 31 December).

Amount in account:

First RM50,000

Above RM50,000

Young Savers

1.80% a year

0.10% a year

Get rewarded for doing well in public examinations.

To qualify, the account must be opened more than 1 year preceding the announcement of the public examination results. Your results must be submitted within 2 weeks from the announcement date.

  • UPSR 5As and above - RM50
  • PT3 7As and above - RM100
  • SPM 8As and above - RM150

Online & mobile banking

Track your money

View all your OCBC Bank accounts, download previous and current statements, and much more with OCBC Bank Online Banking.

Easy payments & transfers

Pay bills and transfer funds to accounts within OCBC Bank, or to other banks' accounts via MEPS interbank GIRO.

Access over 10,000 ATMs nationwide

Wide network

OCBC ATM cards are accepted at all MEPS ATMs. Withdrawals are free at any OCBC (In Singapore and Malaysia) or OCBC NISP ATM (In Indonesia).

Global access

Make withdrawals at over 600 OCBC ATMs in Singapore and at Visa PLUS ATMs anywhere in the world.

Monthly statements

Manage funds easily with regular statements that provide a list of all Young Savers Account transactions within the relevant statement periods.


Apply at one of our branches

Please bring along:

for initial deposit

Identity card /

and parent’s identity card / legal guardian certificate
(for trust accounts)

Find nearest branch to apply

Important Notices

This deposit is protected by PIDM up to RM250,000 for each depositor.

  • Deposit protection is automatic.
  • PIDM protects depositors holding deposits with banks.
  • There is no charge to depositors for deposit insurance protection.
  • Should a bank fail, PIDM will promptly reimburse depositors over their deposits.

For more information, refer to PIDM's DIS Brochures that are available at our counters or go to the website at