This is by far the savings account that offers the highest interest rate for deposits, much higher than what you would get for all fixed deposit! And it is a savings account, meaning you can withdraw your money anytime and anywhere you want with an ATM card.
How does it work?
Base interest: 0.05% per year
- this is the interest you will earn for whatever amount you have in the account
1.00% per year (applicable to 1st S$50,000.00 of account balance only)
- Earn extra 1% interest if you credit your salary of minimum S$2000.00
- Only salary credit by GIRO will be entitled
- Must have "GIRO - Salary" description to qualify
1.00% per year (applicable to 1st S$50,000.00 of account balance only)
- Pay 3 unique bills using "Pay any bill", "Pay any card" or "GIRO" within a calendar month to qualify
- 3 different credit cards from the same bank is considered 3 unique bill payment
- Multiple payments to the same bill is considered as 1 payment only
- Payments that are subsequently cancelled, reversed or made void will not be considered.
1.00% per year (applicable to 1st S$50,000.00 of account balance only)
- Spend S$400 in total on all OCBC issued credit cards within a calendar month to qualify
- Must be Principal Account Holder as well as Principal Card Holder to qualify
- Eligibility depends on posting date, not transaction date. (Posting date is typically 1 to 3 days from transaction date. Some merchants may take longer)
All Bonus interests will be credited by the 7th business day of each month.
IMPORTANT THINGS TO NOTE:
Initial Deposit: S$1,000
Minimum Monthly Balance: S$3,000
Fall below fee: S$2 (waived for the first year)
So long you qualify for 2 Bonus interest categories, you would have gotten yourself a good deal!
For comparison sake, typical savings account gives just 0.05% per year interest!
Quickly go and apply now!
Tags: OCBC, 360, bonus interest, 3.05%, savings account
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