ocbc 360 account

[FreshFunds]

In that case, then use maybank isavings. they offer better rates than cimb and rolls for 3 months. you need to alternate between two accounts.

if 500/mth too hard, can you hit 300/mth? if can, consider uob one card (not one account). if u can preplan your spending and know you can hit 500 that month, shift your savings to uob one account on the 1st of that month.

yes. when you deposit 10k, that will cover a very long period.

are u referring to isavvy savings/isavvy savings plus accounts? from what i read, isavvy savings rates only apply to amounts >20k (i only have 10k) and for the isavvy savings plus, interest is only effective for a 6-months cycle without withdrawals. correct me if i'm wrong.

300/mth for 3 mths can get rebates up to $30/quarter right? but since I'm going to shift my funds on alternate months with ocbc 360, i guess ocbc 360 + CIMB 0.8% would be the best choice?

 

[zoossh]

are u referring to isavvy savings/isavvy savings plus accounts?

is not isp.

from what i read, isavvy savings rates only apply to amounts >20k (i only have 10k) and for the isavvy savings plus, interest is only effective for a 6-months cycle without withdrawals. correct me if i'm wrong.

yes

300/mth for 3 mths can get rebates up to $30/quarter right?

with uob one, no need to shift, but need to consistently spend. can get up to 2.42 pa.

but since I'm going to shift my funds on alternate months with ocbc 360, i guess ocbc 360 + CIMB 0.8% would be the best choice?

why not two ocbc 360?

 

[Lampard]

so today withdraw everything for incremental interest ?

 

[zoossh]

so today withdraw everything for incremental interest ?

u keep anything in your account today, it will affect next month increment.

but if u deposit into another 360, one day interest is lost, as today is PH and the posting date and value date will both be on 2nd jun. in fact, i transfer on 31st may 8am (sun), not PH, and still saw the value date for 2nd jun. sian 1/2.

 

[Whisper]

u keep anything in your account today, it will affect next month increment.

but if u deposit into another 360, one day interest is lost, as today is PH and the posting date and value date will both be on 2nd jun. in fact, i transfer on 31st may 8am (sun), not PH, and still saw the value date for 2nd jun. sian 1/2.

Where to see value date as I only can see transaction date.

 

[dork32]

u keep anything in your account today, it will affect next month increment.

but if u deposit into another 360, one day interest is lost, as today is PH and the posting date and value date will both be on 2nd jun. in fact, i transfer on 31st may 8am (sun), not PH, and still saw the value date for 2nd jun. sian 1/2.

i thought with fast, the effect is immediate.

 

[oceanicmanta]

i thought with fast, the effect is immediate.

No, not over PH. Not so sure about Sunday though.
It's confusing ... bcos the amount is reflected immediately in receiving bank account (& debited from paying bank) but value date is 2 Jun 15 which means interest starts from 2 Jun.

 

[iMac]

No, not over PH. Not so sure about Sunday though.
It's confusing ... bcos the amount is reflected immediately in receiving bank account (& debited from paying bank) but value date is 2 Jun 15 which means interest starts from 2 Jun.

Can someone help me to calculate the interest earn?

I keep $60k + $20k (total $80k) in 360 account the month of May.

Today morning I FAST out the $20K to DBS....So how much interest I will be getting for May?

 

[oceanicmanta]

Can someone help me to calculate the interest earn?

I keep $60k + $20k (total $80k) in 360 account the month of May.

Today morning I FAST out the $20K to DBS....So how much interest I will be getting for May?

Bro, not enuf info leh ... ie do u have salary credit, met card spend & online payments, any incremental balance ?

In short, you shld get :
1) prevailing interest plus any applicable bonus interest on 60k &
2) prevailing interest only on other 20k.

The 20K fast today does not impact May interest calculation.

 

[Keverus]

Can someone help me to calculate the interest earn?

I keep $60k + $20k (total $80k) in 360 account the month of May.

Today morning I FAST out the $20K to DBS....So how much interest I will be getting for May?

isnt the high interest cap at 50k?

 

[iMac]

isnt the high interest cap at 50k?

http://www.ocbc.com/personal-banking/accounts/360-account.html

It say here base on first $60k leh..

 

[Keverus]

http://www.ocbc.com/personal-banking/accounts/360-account.html

It say here base on first $60k leh..

oh...haha new one. $60k ah. okok. my bad.

 

[Keverus]

be wary of the new conditions...got one clause is you must insure or invest with OCBC right?

insure....they will try to sell you their 10 year endowment plan..which is NOT capital guaranteed...

invest...their structured deposit sucks big time...if want unit trust...go FSM/phillips better..

just my two cents.

360 is no longer that attractive anymore.

 

[hyperbole]

Still attractive on alternate months for me. Fresh funds clause.

 

[Ronaldo88]

be wary of the new conditions...got one clause is you must insure or invest with OCBC right?

insure....they will try to sell you their 10 year endowment plan..which is NOT capital guaranteed...

invest...their structured deposit sucks big time...if want unit trust...go FSM/phillips better..

just my two cents.

360 is no longer that attractive anymore.

Bro..how to invest china stock in sse..options??

 

[zoossh]

Where to see value date as I only can see transaction date.

value date is only for interest calculation. hence u see that in deposit but not for cc. u should be able to see it in the heading for the table of your transactions.

 

[zoossh]

No, not over PH. Not so sure about Sunday though.
It's confusing ... bcos the amount is reflected immediately in receiving bank account (& debited from paying bank) but value date is 2 Jun 15 which means interest starts from 2 Jun.

at least for ocbc, there are value dates provided. for uob, there is only one date and i am confused.

and yes, u lose interest for the money is floating "in process", neither in the debiting bank or crediting bank.

 

[hyperbole]

The bank you transfer from shows a value date of next day too. Doesn't that mean they take it as the money would be transferred out tomorrow instead?

 

[wts2013]

The bank you transfer from shows a value date of next day too. Doesn't that mean they take it as the money would be transferred out tomorrow instead?

ya, that shld be the case

 

[RayOfLight]

i have applied for giro to play ocbc cc (min payment) using uob one account.

if the minimum is $50 for 1k of spending. i paid $950 now, and the minimum payment shown in my account is $0, not $50. will ocbc request for giro deducted upon due date?