OCBC 360 Account

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 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.

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:

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.