DBS, OCBC, UOB see more young Singaporeans entering affluent banking tiers

Singapore banks reported sharp rises in younger customers entering affluent banking tiers, with DBS saying millennials entering its Treasures segment tripled in the first half of 2026. OCBC saw a nearly 50 per cent year-on-year increase among customers in their 20s moving into Premier Banking, while UOB recorded more than 10 per cent growth in investors aged 16 to 24. Banks attributed the shift to better financial knowledge, easier access to investments and concern about long-term financial security.