OCBC 360

OCBC 360

3.6
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More about OCBC 360
Min Rate0.05%
Max Rate4.05%
Min Initial Deposit$1,000
Interest TiersBased on Salary credit and 4 category transactions (card spend, bills, insurance, investments)
OCBC 360

OCBC 360

3.6
Write a review

More About OCBC 360

Min Rate0.05%
Max Rate4.05%
Min Initial Deposit$1,000
Interest TiersBased on Salary credit and 4 category transactions (card spend, bills, insurance, investments)

Ratings Breakdown

37 Reviews
3.6
  • 5
    2
  • 4
    21
  • 3
    13
  • 2
    1
  • 1
    0

OCBC 360 Reviews

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  • Alethea Loh
    Alethea Loh
    2 Reviews, 2 Upvotes
    Posted on 11 Jul 2018
    Great savings accounts when it first launched! It has become very competitive when most banks launched such similar products!
    Comments (0)
    1
    0
  • Alvin Tay
    Alvin Tay
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    needs to track carefully the qualifying amount in order to qualify the addition bonus interest. been using 360 acct and recently promo saver!
    Comments (0)
    1
    0
  • Jazreel Tan
    Jazreel Tan
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    Coupling this with the 365 card to maximize cash back and interest return. Relatively easy to hit the minimum requirements for interest returns but they’ve been changing their terms, making their competitors seem a lot more attractive overtime.
    Comments (0)
    1
    0
  • Jia Ling
    Jia Ling
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    Independent requirement makes things simpler. All requirements can be tracked on the ibanking platform which is a plus! Bill payment cycle is straightforward too, starting from 1st till 30th/31st of the month. Although the money insights can be pretty confusing at times due to them not reflecting the actual cash flow (using external app to track budget and all). Overall, a good product launch. Hope OCBC can work towards more features/incentives for all!
    Comments (0)
    1
    0
  • Chin Guo Qiang
    Chin Guo Qiang
    2 Reviews, 6 Upvotes
    Posted on 10 Jul 2018
    Multiple tier approach for a good high interest rate savings account, with just a salary crediting of min $2000 for a interest rate of 1.25% for starters. DBS Multiplier is a new player that conveniently matches this saving account, a few months back.
    Comments (0)
    1
    0
  • Poay Hoan Ngoh
    Poay Hoan Ngoh
    5 Reviews, 10 Upvotes
    Posted on 10 Jul 2018
    I dislike that they changed their terms and conditions of the interests rates 3 times. Interest rates have dropped substantially and the bank doesn’t seem to keen to increase it while others are doing so. Not sure how much longer I should stay with them.
    Comments (0)
    1
    0
  • Ng Puay Choo
    Ng Puay Choo
    5 Reviews, 8 Upvotes
    Posted on 10 Jul 2018
    once upon a time they were one of the best offering highest interest rates , but gradually they became very stingy and other places offers higher interest rates with easier conditions to meet. Only good thing left is the user interface.
    Comments (0)
    1
    0
  • Claude Chew
    Claude Chew
    3 Reviews, 5 Upvotes
    Posted on 10 Jul 2018
    It is an easi account to earn more interest with multiple products with them. Pay online giro bill 3X will earn u more interest up to 60K:)
    Comments (0)
    1
    0
  • Sim Yong Hong Jeffrey
    Sim Yong Hong Jeffrey
    2 Reviews, 3 Upvotes
    Posted on 10 Jul 2018
    Used the 360 and 365 combination to get the best interest rate. All is good. But OCBC is very strict on non payment. Forgot to pay a couple of times ans was charge admin fees.. thats the only down.
    Comments (0)
    1
    0
  • Zi Wei Szie
    Zi Wei Szie
    4 Reviews, 5 Upvotes
    Posted on 20 Jun 2018
    I still use OCBC 360 account with 365 Card combo to maximise the cashback I earn despite the competition. I credit my salary to get 1.2% interest instantly. The Giro payments can be achieved by paying your own OCBC credit card or other credit cards and tax giro payments, so it's another 0.3%. Lastly I put my telephone bills on credit card and mostly spend on food and online, where 365 card gives pretty good cashback (3 - 6%) with minimum spending of $600, which is a minus. With this combo I'm earning more cashback on both saving and spending Another plus is the ATM network (together with UOB) is huge with lesser queues and their popular branches are open on Sundays too.
    Comments (0)
    1
    0
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How to maximise the interest rate for OCBC 360 Savings Account?

Base interest rate(%) p.a.

The base interest rate per annum for OCBC 360 savings account is 0.05%

Bonus Interest Rate(%) p.a

The bonus interest rate per annum for OCBC 360 savings account comes with a few criteria:

  • 1.2% p.a. bonus for crediting salary of at least S$2,000 through GIRO
  • 0.3% p.a. bonus for paying at least 3 bills adding up to more than S$150 in total
  • 0.3% p.a. bonus for spending at least S$500 on credit card
  • 1% p.a. bonus if you have at least S$200,000 balance amount
  • Up to 1.2% p.a. bonus for spendings on investment or insurance, depending on the product

*Bonus interest only applies to the 1st S$70,000

Terms and fees for OCBC 360 Savings Account

  • Initial deposit: S$1,000
  • Citizenship status: Singaporeans, PRs and foreigners
  • Minimum age to open account: 18
  • Minimum Average Daily Balance: S$3,000
  • Fall below fee: S$2 (waived for first year)
  • Early closure fee: None

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