OCBC 360 Account
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This product is managed by OCBC Bank.
Summary
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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.
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
4.3
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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:
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 maximum EIR illustration purposes for your first S$75,000:
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 |
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.
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
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