DBS vs OCBC: Complete Bank Comparison 2025
Comprehensive comparison between Singapore's two largest local banks. Compare savings rates, home loans, credit cards, and services to make the right choice.
DBS Bank
Singapore's largest bank
OCBC Bank
Second largest local bank
Quick Verdict
- • Simpler banking with digital innovation
- • Strong international presence
- • Comprehensive SME banking
- • Better mobile banking experience
- • Highest savings account rates
- • Strong wealth management
- • Better rewards credit cards
- • Private banking excellence
Savings Account Comparison
DBS Multiplier
- Higher rates with relationship banking
- No fall-below fees
- Wide ATM network
- Complex tier structure
- Requires multiple products
- Rate changes frequently
OCBC 360
- Highest potential rates
- Clear bonus structure
- Good mobile app
- Many conditions to meet max rate
- Bonus caps limit earnings
- Complex requirements
Savings Account Winner: OCBC 360
OCBC 360 offers significantly higher maximum rates (3.05% vs 1.5%), making it the clear winner for savers who can meet the bonus category requirements. However, DBS Multiplier is simpler to manage with fewer conditions.
Home Loan Comparison
| Feature | DBS Home Loan | OCBC Home Loan |
|---|---|---|
| Interest Rate | From 3.85% p.a. | From 3.88% p.a. |
| Rate Type | 3-year fixed, then SORA + spread | 2-year fixed, then SORA + spread |
| Key Features |
|
|
| Minimum Income | S$8,000 individual / S$12,000 household | S$8,000 individual / S$12,000 household |
Home Loan Analysis
DBS Advantages:
- • Longer 3-year fixed rate period
- • Rate lock option for planning
- • Strong digital mortgage process
- • Comprehensive refinancing options
OCBC Advantages:
- • Offset account for interest savings
- • Flexible repayment options
- • Strong relationship pricing
- • Excellent wealth management integration
Credit Card Comparison
DBS Altitude
- • 1.3 miles per S$1 on online/contactless
- • Complimentary airport lounge access
- • No foreign transaction fees
OCBC 90°N
- • 2 miles per S$1 on travel/dining
- • Complimentary airport transfers
- • Travel insurance
Service & Digital Banking
DBS Service Quality
Digital Banking Excellence
- • Award-winning digibank platform
- • AI-powered customer service
- • Comprehensive mobile banking features
- • Industry-leading digital innovation
Branch & Customer Service
- • 130+ branches and 1,100+ ATMs
- • 24/7 phone banking support
- • Priority banking for high-value customers
- • Multilingual customer service
OCBC Service Quality
Relationship Banking
- • Excellent private banking services
- • Dedicated relationship managers
- • Personalized wealth management
- • Strong customer loyalty programs
Branch & Digital Services
- • 120+ branches and 1,000+ ATMs
- • Enhanced mobile banking app
- • Premier banking centers
- • Frank by OCBC for youth
Final Recommendation
For Digital-First Users
Choose DBS for superior digital banking experience, mobile app features, and innovative financial technology.
For High Savers
Choose OCBC for maximum savings account returns, excellent wealth management, and premium banking services.
For Comprehensive Banking
Consider using both banks - OCBC for savings and investments, DBS for loans and digital banking convenience.
Bottom Line: Both banks offer excellent services, but excel in different areas. Your choice should depend on your primary banking needs and preferences.