OCBC 360 Account Updates

With effect from 1 May 2015, there will be changes to the interests awarded for the OCBC 360 account.

Let's look at the changes:

Changes to previous requirements

1) 1.2% pa for crediting salary of at least $2,000 (up from 1%)

2) 0.5% pa for paying 3 bills online or through GIRO (down from 1%)

3) 0.5% pa for spending at least $500 on OCBC credit cards (down from 1% with spend of $400)

NEW

1) Bonus interests on the first $60,000 of your account balance. (Up from $50,000)

2) 1% pa for buying insurance of at least $8000 in annual premium OR investment products of at least $40,000. 

3) 1% pa for any incremental account balances from previous month's balance

More information here.



Tags. OCBC 360 account updates, new requirement.