OCBC Bonus+ Savings Account
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OCBC Bonus+ is a simple, "stash-and park" type of savings account. On top of the base interest rate of 0.05% p.a., stand to earn up to 1.45% p.a. on your total account balance. This includes a bonus of 0.75% p.a. if you do not make any withdrawals, and another bonus 0.70% p.a. if you grow your account balance by S$500 a month.
Interest Rates for OCBC Bonus+ Savings Account:
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Base Interest Rate
No-withdrawal bonus interest
Savings bonus interest
Total Interest Rate
Given that you deposit a minimum of S$500 monthly and refrain from withdrawing your funds, you can earn 1.45% per year on your entire account balance.
Want to know how OCBC Bonus Plus compares with other savings accounts? Here's a compilation of The Best Savings Accounts in 2020.