Should I switch to OCBC 360 from DBS Multiplier?

Currently DBS Multiplier is my main account as I credit my salary inside, using Everyday card and once in a while invest using Vickers. Recently, because of the ending of OCBC/NTUC Plus! account and its credit card, I received the OCBC 365 card as a replacement. Thus, I am thinking should I switch to OCBC 360 to earn higher interest instead?

To be honest, I am not a high salaryman. So I can only meet the Salary & Saver part for OCBC 360. My avg credit card spending is about $400. I did a rough calculation, seems that 360 actually did beat Multiplier in terms of interest money.

So I am seeking opinions from the community here to see if I am missing any info before I do a switch. Many thanks.

DBS/POSB Multiplier Account OCBC 360 Account OCBC 365 Credit Card POSB Everyday Cashback Credit Card

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Mango

28 Nov 2022

I switched from DBS multiplier to OCBC 360 after calculating the possible catagories (salary, saving and spending) i could hit to earn the interest. I did up an excel to compare the rates so i could have a clearer view which benefits me more. If you are a low spender and is choosing between these 2 saving accounts, porbably OCBC 360 is better, but you have to hit the min of $500 on their cards.

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Just_Saying

25 Nov 2022

Do remember that the savings interest rates is very fluid and will keep changing based on the fed interest. I would compare the 2 account to see if the difference in interest really good enough for me to go through the effort to change my salary credit. This is even more so, if you are using the joint account approach to combine income salary from multiple members.

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