OCBC 360

OCBC 360

3.6
(41)
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Ratings Breakdown (41)

3.6
  • 5
    2
  • 4
    23
  • 3
    15
  • 2
    1
  • 1
    0
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)
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Reviews (41)
Q&A (8)
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  • Joadine Tan
    Joadine Tan
    4 Reviews, 4 Upvotes
    Reviewed on 10 Jan 2019
    been using this, love the apps, easy to navigate. shorter q at atm, save time when you need to withdraw money urgently.
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  • Martin Weng
    Martin Weng
    1 Reviews, 2 Upvotes
    Reviewed on 10 Jan 2019
    Initially Good for working adults who want to generate passive income when saving up. But now overtaken by other banks who offer better interest rates.
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  • Jeff Yeo
    Jeff Yeo
    15 Reviews, 390 Upvotes
    Reviewed on 15 Sep 2018
    Once upon a time there was a surprise in the consumer banking industry, an acc that really rewarded consumers for banking relationships even if you were not high SES. Haha Fast forward to current day ... Pros 1) good total banking relationship option if you credit salary + cc spend + investments + online bill payments 2) increase rebates to 6% for dining in oct 2018 3) excellent banking e services Cons 1) increase spending required in oct 2018 2) I hear of cc wavier being reject(have not experienced this myself) 3) requires 200k deposit for higher interest I am evaluating to move away from using these services and just put the min sum into the account due to the change in spending to 800 which is quite a stretch. My primary banking account has already been establish with DBS multiplier that doesn’t have such high requirements I would say go with them if you can meet the total banking relationship but there are easier options else where
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  • Isabella Jo
    Isabella Jo
    4 Reviews, 73 Upvotes
    Reviewed on 21 Jul 2018
    Good option for salary crediting account. Although I have migrated to dbs Multiplier, I am still using this as my main account. Love the short atm queue compared to dbs/posb atm
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  • Alethea Loh
    Alethea Loh
    2 Reviews, 2 Upvotes
    Reviewed on 11 Jul 2018
    Great savings accounts when it first launched! It has become very competitive when most banks launched such similar products!
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  • Alvin Tay
    Alvin Tay
    2 Reviews, 3 Upvotes
    Reviewed 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!
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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

For more information, you can check out their website here.