facebookOCBC 360 Account Reviews and Comparison - Seedly
Seedly logo
Seedly logo
 

OCBC 360 Account

  • Overview
  • Reviews (180)
  • Discussions (0)
  • More Details
Savings Accounts/OCBC 360 Account
Savings Accounts/OCBC 360 Account
4.3
180 reviews
claimed

Claimed

This product is managed by OCBC Bank.

USER RATINGS

Customer Support

4.4

Ease of online banking

4.6
Use our comparison tool to choose the best plan for you
Go

OCBC 360 Account

Up to 2.38% p.a.

INTEREST RATES

$1,000

MIN. INITIAL DEPOSIT

$3,000

MIN. AVG DAILY BALANCE

OCBC 360 Account

Up to 2.38% p.a.

INTEREST RATES

$1,000

MIN. INITIAL DEPOSIT

$3,000

MIN. AVG DAILY BALANCE

Details

Product Page Transparency

  • Claimed in November 2020

OCBC 360 Account Review 2021

OCBC 360 is a Savings Account by OCBC that allows you to earn extra bonus interest rates when you fulfill certain criteria.

The highest possible interest rates you can earn with OCBC 360 is now 2.38% p.a.. OCBC 360 base interest rates start at 0.05%. To obtain the bonus rates, you can credit your salary of at least S$1,800, invest through OCBC, or insure with them.

The salary crediting bonus starts from 0.3% - 1.2% depending on your account balance. Saving will be rewarded by 0.1%-0.4% if you increase your average daily balance by at least S$500 from the previous month. Insuring and Investing will also get you 0.3% -1.2% of bonus interest rates respectively.

For individuals with larger balances in their account, get to earn 0.4% on the first S$75,000 if your account's daily balance is S$200,000 and above.

These new rates are effective from February 1 2021.

Read More about OCBC 360 Account
Reviews (180)

4.3

180 Reviews

  • 5
    98
  • 4
    51
  • 3
    22
  • 2
    8
  • 1
    1

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
      08 Jul 2020

      Purchased

      OCBC 360 Account

      It has very good online user interface and its interest is among the best compared to the rest of the bank in Singapore if you bank in your monthly salary of at least S$2k. Pretty good customer service support and fuss free banking experience. To top it up, you can even withdraw from UOB atm with 0 fees! That means you can easily withdraw money anywhere. Besides, some of their branches like in AMK hub is opened for 7 days a week! Such a convenience! If you have OCBC 365 credit card reaching its min. spend, you can even get extra interest in your bank savings account. More if you buy their savings plans. Fantastic!

      0

      Reply

      Posted 8d ago

      Purchased

      OCBC 360 Account

      [Online Banking][Salary Crediting] Easy to use for online banking purposes, with decent cashback bonuses when you credit your monthly salary to the account

      0

      Reply

      18d ago

      Purchased

      OCBC 360 Account

      [Salary Crediting] After comparing multiple savings account, i chose OCBC 360 as it is the only(?) savings account that 'encouraged' you to save through one of the hoops you have to jump through to get a higher interest. [Online Banking] Was slightly disappointed that a glitch in the system didn't allow me to retrieve my access code despite entering the correct information. However, customer service was very friendly and quickly assisted me to resolve the issue.

      0

      Reply

      21 Jun 2021

      Purchased

      OCBC 360 Account

      Have used it since it’s inception. Interest rates have dropped but so have every other banks’ current/saving accounts. No frills and easy to use online banking and app.

      0

      Reply

      24 May 2021

      Purchased

      OCBC 360 Account

      I have OCBC account for the longest time and will continue use as it is the best user-friendly platform there is out there, compared to DBS, UOB, SC etc.

      0

      Reply

    Discussions (0)
      Recent ActivityNewTrending

      No Post Found.

      How does OCBC 360 Account Work?

      Earn more interest when you credit your salary, save, insure or invest. To achieve the extra bonus interest rates on top of the base, OCBC has various types of bonus criteria:

      1. Salary Bonus: Salary Crediting of at least S$1,800
      2. Save Bonus: increase your account balance by S$500 compared to the previous month
      3. Insure Bonus : Insure with OCBC through eligible financial products
      4. Invest Bonus: Invest with OCBC through eligible financial products
      5. Grow Bonus: for accounts with at least S$200,000 worth of total balance on the first S$75,000, requires $200,000 minimum in avergae daily account balance

      Latest changes for OCBC 360 Account interest rates 2021

      Latest OCBC 360 Account Interest Rates for 2021

      • Earn a base interest of 0.05% a year on your entire account balance regardless of whether you fulfill the categories.
      • The highest possible interest rates you can earn with OCBC 360 is 2.38% p.a. EIR.

      First S$25,000

      Next S$25,000

      Next S$25,000

      Effective Interest Rate (EIR) p.a.

      Salary Bonus

      Credit your salary of at least S$1,800 through GIRO.

      0.3%

      0.6%

      1.2%

      EIR 0.7%*

      Save Bonus

      Increase your average daily balance by at least S$500 monthly.

      0.1%

      0.2%

      0.4%

      EIR 0.23%*

      Insure Bonus

      Purchase an eligible insurance product from OCBC

      0.3%

      0.6%

      1.2%

      EIR 0.7%*

      Invest Bonus

      Purchase an eligible investment product from OCBC

      0.3%

      0.6%

      1.2%

      EIR 0.7%*

      Grow Bonus

      Maintain an average daily balance of at least S$200,000

      0.4%

      0.4%

      0.4%

      -

      OCBC 360 Account Interest Rates for 2021

      For more information on how the newest interest rate changes to OCBC 360 Savings Account affects you, check out our in-depth review of the Changes to OCBC 360 Account.

      How to Get the Highest Interest Rates for OCBC 360 Account?

      • Bonus interest rates you get to enjoy depends on your total account balance and spending pattern. Of course, to earn the highest interest rates you would have to tackle the additional bonus which is to insure and invest (previously grouped as wealth bonus) with OCBC. However, the minimum investment/insurance sums might not be affordable for everyone.
      • The base interest rate per annum for OCBC 360 savings account is 0.05% p.a.
      • To check how much interest rates you can earn, visit the website for OCBC 360's interest rate calculator.

      * For maximum EIR illustration purposes for your first S$75,000:

      • Salary + Save: Earn a maximum EIR of 0.98% a year.
      • Salary + Save + Insure / Invest: Earn a maximum EIR of 1.68% a year.
      • Salary + Save + Insure + Invest: Earn a maximum EIR of 2.38% a year.

      To earn the extra bonus interest rates from Insure and Invest, here are the qualifying products you can choose from:

      Bonus

      OCBC Financial Product

      Minimum qualifying amount

      Insurance

      Regular Premium: Protection/Legacy

      S$2,000

      Insurance

      Regular Premium: Endowment/Retirement

      S$4,000

      Insurance

      Single Premium Insurance

      S$20,000

      Investment

      Unit Trusts

      S$20,000

      Investment

      Structured Deposits

      S$20,000

      Investment

      Bonds and Structured Products

      S$200,000

      OCBC 360 Account Highest Interest Rates

      Is OCBC 360 The Best Savings Account For You in 2021?

      In our latest OCBC 360 interest rates revision updates, we believe that with the multiple interest rates changes in 2020, the pros of OCBC 360 will become highly limited. We are anticipating other savings accounts to follow suit. As such, we will hold off making verdicts until the dust has settled.

      Want to know how OCBC 360 compares with other savings accounts? Here's a compilation of The Best Savings Accounts in 2021.

      Fees and Charges for OCBC 360 Account

      • Initial deposit: S$1,000
      • Minimum Average Daily Balance: S$3,000
      • Fall below fee: S$2 (waived for the first year)
      • Early closure fee: None

      Eligibility: who can apply for OCBC 360 Account?

      • Citizenship status: Singaporeans, PRs and foreigners
      • Minimum age to open an account: 18 years old

      How to apply for OCBC 360 Account?

      • Apply Online or Visit OCBC
      • Documents required: NRIC for Singaporeans and Singapore PRs. Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners
      • Any bank statement, Phone Bill, or Half-yearly CPF statement

      Contact OCBC

      • Tel: 6363 3333
      • Address: OCBC Centre, 65 Chulia St, Level 46, Singapore 049513

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.