ocbc 360 account

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coconut1

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iPod Jack said:
i left ocbc 360 last oct to switch to uob one acct

regretted it.

even when uob is slightly higher at 2.2% then and can max 150k deposit, they play punk and cut interest in dec

nvm, still have ard 2% then, but the criteria is $500 cc spend and salary credit, which i initially thot is easy

but no.... med bills not counted, insurance not counted, certain purchases oso not eligible for the $500 spend... really kns those bloodsuckers

so in the end, switch back to ocbc, just in time for them to cut IR to 1.7% lol:ROFLMAO::ROFLMAO: :mad:

really everything they say...
Click to expand...
u using debit card? not uob one credit card? can use to pay utilities for most of the $600.
 
S

sglandscape

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camholicx said:
So now OCBC is how many % EIR?
Click to expand...
Quite clear in link above as OCBC does mention it. Even if you ask AI to summarise it does a really good job.

Code: 
+----------------+----------------------------------------------+-------------+-------------+----------------------+
| Category       | Requirement                                  | First S$75k | Next S$25k  | Rate Contribution    |
+----------------+----------------------------------------------+-------------+-------------+----------------------+
| Base Interest  | No requirement                               | 0.05%       | 0.05%       | 0.05%                |
| Salary         | Credit salary >= S$1,800                     | 1.00%       | 2.00%       | 1.25%                |
| Save           | Increase average balance by >= S$500         | 0.40%       | 0.40%       | 0.40%                |
| Spend          | Spend >= S$500 on eligible OCBC cards        | 0.25%       | 0.25%       | 0.25%                |
| Insure         | Buy eligible insurance product               | 1.00%       | 2.00%       | 1.25%                |
| Invest         | Buy eligible investment product              | 1.00%       | 2.00%       | 1.25%                |
+----------------+----------------------------------------------+-------------+-------------+----------------------+

Maximum advertised rate:
=> Up to 4.45% p.a. on first S$100,000

Realistic rate for most users:
Salary + Save + Spend
=> ~1.95% p.a.

Effective Interest Scenarios

+------------------------------------------------------+------------------+
| Actions Completed                                    | Effective Rate   |
+------------------------------------------------------+------------------+
| Salary + Save                                        | 1.70%            |
| Salary + Save + Spend                                | 1.95%            |
| Salary + Save + Spend + (Insure OR Invest)           | 3.20%            |
| Salary + Save + Spend + Insure + Invest              | 4.45%            |
+------------------------------------------------------+------------------+

Previous max rate before revision:
5.45% p.a.

New max rate from 1 May 2026:
4.45% p.a.
 
70niner

70niner

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Enjoy it…. The bonus interest will be computed on the lower rates henceforth 😓😓
 
ahbard

ahbard

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Ocbc reduce interest again?
Previously around 200 monthly. Now 166..
 
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ericcsn

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reddevil0728 said:
Did you link correctly?
Click to expand...
Thought i did-
In my case, I bought a UT - LionGlobal Short Duration Bond Fund Class A (SGD) which is very low risk. There is an upfront 0.88% fee (ie $176 that will be directly taken out of the $20k invested).
 
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hotdrs

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Anyone knows if a $20k purchase of Lionglobal Fixed Income fund using CPF SA is eligible for the 360 account Invest bonus? If yes, how to execute this purchase? I got conflicting info from OCBC hotline and branch, and my email to them got no response. Trying to avoid the sales charge but my OA got not enough money.
 
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