OCBC 360

OCBC 360

3.7
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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

3.7
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

3.7
  • 5
    1
  • 4
    11
  • 3
    6
  • 2
    0
  • 1
    0

OCBC 360 Reviews

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  • Tang Ching Pang
    Tang Ching Pang
    Posted on 19 May 2018
    The interest rate not bad. With auto debit on bill, auto credit salary, I'm able to earn around 20 bucks per month. Didn't really count how's it work , but yes I'm recommending it.
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  • Charmaine Ng
    Charmaine Ng
    Posted on 30 Apr 2018
    Was one of my favourite account until my saving goal malfunction.. Basically you can set up saving goals if you have a 360 or frank a/c and the money in your saving goals cannot be withdrawn even though it can be seen as asset. You got to transfer it out of your savings goal before you can use it. Here's the thing; one day - I just can't move my funds out. Initially I thought it was a one-time malfunction. Nope, it couldn't resolve overnight. Then I called the hotline who promised to get the IT to check. 2 days later it was still unresolved and no updates at all. I called the hotline again and this time I asked for a higher management who can make some decision on the spot. Before this I had went to the branch and they couldn't help at all so this is the only way I could get someone and nobody could answer why.. I didn't owe them a dime but I can't retrieve my money. It was so bad that they couldn't give me a deadline to resolve the issues and wasn't ready to do anything at all. Then this smart banker came to the rescue. He asked me to repeatedly login and delete the goal until it is deleted. Once it is deleted the funds will go back to the main a/c. It worked - and also prove how lousy their IT team are (FYI my internet connection is fine). After that incident I heard of a few similar incident from friends and family so I'm just using it for payment because I'm too lazy to re-link all my accounts again. Not for savings - I'll take CIMB Fast Saver any time despite the awkward layout. Pros: Nice interface, user friendly, availability of ATM (can use UOB ATM twice a month without incurring fee) Cons: IT is one of the worst I've seen. It took an entire week and more to resolve this issue from their side (Senior Manager called to say their IT got to work after I long resolved the issue without the IT's help) Interest rates no longer competitive.
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  • Bryan Chong
    Bryan Chong
    Posted on 24 Apr 2018
    360 - OCBC app honestly requies some sort of revamp as compared to POSB and Citibank. Idea is there, branding is good but in terms of market presence might have to do some tweaking as they are not as competitive as SCB nor as conventional as DBS. Still a very simple saving accounts that most youngster should have! Their ATMS are of utmost convenience!
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  • Steph Yeo
    Steph Yeo
    Posted on 15 Apr 2018
    This account made me feel like a boss when i signed up for it after landing my first job in 2014. Absolutely fantastic to know that I'm earning higher interest rates just by crediting income and paying my bills, and meeting minimum credit card spend on some months. Then the dbs multiplier came along. So now my 360 is really like an old friend that I hate to lose. I've hence kept it open with abit more than minimum for the short atm queues, and when i think I'll spend the minimum amount w my credit card.
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  • Jessica Chuah
    Jessica Chuah
    Posted on 20 Mar 2018
    Been with OCBC 360 for close to 4 years but am contemplating switching of accounts already. Pros: 1. Shorter queues at bank and ATMs. Probably the only reason why I am still with OCBC 360 Cons: 1. Tough to maximise interest rates earned for 360 accounts. Previously it was much easier to hit 3.05%, now even 1.55% is tough 2. Bad customer service experience when it came to waiver of annual fees (I did not qualify for waiver but a CSO misrepresented information to me and told me I had met the criteria for annual fee waiver) 3. Credit cards are lagging compared to other banks in the market
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  • Tan Marianne
    Tan Marianne
    Updated on 09 Mar 2018
    I opened a OCBC 360 Account about 1 year ago soon after I started working to credit my salary. Pros: - Just crediting salary of min $2k gives 1.2% which is not bad. - None of the categories are compulsory, so you can pick and choose which you want to do for the respective bonus interest. - Very easy to open online especially since I was already an existing customer. - Both online banking and app are very user friendly and convenient to use. - Wide ATM network Cons: - I wasn’t able to get the bonus interest for other categories since I couldn’t hit the minimum spend or number of bill/GIRO payments and their insurance/investment products weren’t suitable for me. - The range of credit cards are not good enough for me. I have since changed my salary crediting but I believe OCBC 360 is a very good account if it is right for you. My experience with OCBC so far has been very positive.
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  • Justine Carys
    Justine Carys
    Posted on 01 Feb 2018
    convert to ocbc 360 account due to initial good rates for interest rates, and also the ease of 'reaching' those requirements to get the attractive interest rate. also including the availability of atm machines islandwide. salary credit => check 3 bills payment => check cc expenditure => check easy to earn interest rates. cons: stagnant n lower rates than initial plan roll out.
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  • Rebecca Lim
    Rebecca Lim
    Updated on 01 Feb 2018
    I’ve been using 360 account for 3years. What made me convert from DBS to OCBC was the queue of DBS atm! It’s always a Long queue. I’m Glad I’ve switched over, lesser queues and increased of atm machines. Next will be the rebates given by OCBC 360. U have the bonus on salary. And also the rebates when u make 3 giro payments each month. My 3 giro payment are the 2 cc bills and 1 telephone bill. Awesome right?! Cons...its getting stagnant!
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  • Alyssa-Jane Tan
    Alyssa-Jane Tan
    Posted on 30 Jan 2018
    I recently signed up for the OCBC 360 savings account since everywhere I searched for online stated that this was the best savings account. Here's my thoughts after 3 months: Pros: - OCBC Atms are always available, unlike DBS/POSB so I don't have to queue - OCBC banking platforms are very smooth and the service is prompt Cons: - In terms of rebates it's not very relevant to my lifestyle and there are not many partners so I rarely use the card for any lifestyle spend - Even after 3 months there are some conditions on "paying 3 bills" to get the interest that is still not clear to me, so I don't feel like I'm utilizing the card well enough to get the interest rate All in all, I'll probably switch account after awhile
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  • Junda Ong
    Junda Ong
    Posted on 29 Jan 2018
    OCBC used to be my preferred banking for the bonus interest, as I think it is the very first to introduce higher interests when you fulfil those salary, giro, etc. So it also became the first to change it's terms -- for the worse of course. I switched to UOB ONE Account + ONE Card as the combination is better. I'm left with 1 damn good use for the OCBC account: Topping up CPF with cash! Strangely, OCBC is the only bank that provide the service. https://www.cpf.gov.sg/Members/Services/others/esvpages/e-services/personal-internet-banking-atm haha share if you know of a better way!
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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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