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Mar 5, 2017

New OCBC 360 Interest Rate Update

New OCBC 360 Interest Rate Update

What has been happening in the past week with OCBC 360 account? News has been released that with effect from 1 April 2017, new OCBC 360 interest rate update will apply.

What are the new OCBC 360 account interest rates? How is the interest calculated?

OCBC 360 offers 2 types of interest on your account balance every month.

a) Base interest: This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month. Rate = 0.05% per annum

b) Bonus interest: You earn 5 types of bonus interest on the first S$70,000 of your account’s average daily balance and you will receive bonus interest by the 7th business day (exclude Saturday, Sunday and Public Holiday) of the following month:

Earn 1.2% p.a. for crediting your salary of at least S$2,000 through GIRO and/or

Earn 0.3% p.a. for paying at least 3 unique bills online or through GIRO with total bill payment amount of at least S$150 and/or

Earn 0.3% p.a. for spending at least S$500 across your OCBC Credit Cards and/or

Earn either 0.6% or 1.2% p.a. for 12 consecutive months when you purchase a new eligible insurance and/or investment product from OCBC and/or

Earn 1% (on the first $70,000) if your account average daily balance for the month is S$200,000 and above. The interest earned for excess amount above $70,000 stays at 0.05%.

Check out the summary slide below.

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The Team

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