ocbc 360 account

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IGfusion83

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mojipei said:
I am reaching my $100,000 limit next month. How can I maximize my bonus interest after that?
To maintain the amount of $100,000, I need to withdraw diligently every month on my pay day. The amount that I withdraw and deposit into another account collects only 0.05% interest. Leaving it in the 360 account , anything above $100,000 also collects 0.05% interest. So, why bother to move?
I also want to consider the scenario, when there is an opportunity for me to move my money elsewhere. For example, HSBC offers a fixed deposit of 2.75% on $100,000. If I want to grab the opportunity, when should I be withdrawing all my $100,000? Should I withdraw at the beginning of the month or at the end of the month? How does that affect my ADB?
I am also thinking that if I move the fund to another account diligently every month, although, collecting 0.05% interest, but it does not affect the ADB on my 360 account. I can transfer the fund, anytime the situation arises.
Any other thoughts or suggestions?
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second this.
how do you guys plan when your Ocbc 30 hit 100k? or will be hitting 100k?
i have taken out excess in the month of September and October to put into choc finance (before they announce the drop in %), ufortunately unable to get the save bonus for the past 2 months
 
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sglandscape

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IGfusion83 said:
second this.
how do you guys plan when your Ocbc 30 hit 100k? or will be hitting 100k?
i have taken out excess in the month of September and October to put into choc finance (before they announce the drop in %), ufortunately unable to get the save bonus for the past 2 months
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UOB One offers up to 150k, if you can meet the min spend of 500 per month. Personally gave OCBC 360 a hard pass because of the save requirement, need to track closely and top up at the start of the month.
 
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x9evolution

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IGfusion83 said:
second this.
how do you guys plan when your Ocbc 30 hit 100k? or will be hitting 100k?
i have taken out excess in the month of September and October to put into choc finance (before they announce the drop in %), ufortunately unable to get the save bonus for the past 2 months
Click to expand...
The fuss free method is to top up $500 on the 1st day of the month and maintain it throughout the month , any bonus interest or pay comes in , transfer it out to other account immediately.(Once you leave it overnight , it will mess up your ADB) And there are many accounts offering more then 2% not only 0.05% , GXS , Maribank , Mari invest , Chocolate etc
 
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bargin

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IGfusion83 said:
how do you guys plan when your Ocbc 30 hit 100k? or will be hitting 100k?
i have taken out excess in the month of September and October to put into choc finance (before they announce the drop in %), ufortunately unable to get the save bonus for the past 2 months
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there is online website tracker which you can check on the OCBC saver bonus
 
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sgboy85

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Guys, i miss out the recent POSB saye $500 salery credit promo! My company do fast transfer instead of giro i super sian. $500 gone and i spent $500 on posb cc for nth! Any idea when they will have such promo again?
 
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sglandscape

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sgboy85 said:
Guys, i miss out the recent POSB saye $500 salery credit promo! My company do fast transfer instead of giro i super sian. $500 gone and i spent $500 on posb cc for nth! Any idea when they will have such promo again?
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can try ask them to see if they accept fast transfer for the promotion and make an exception? can't be they discriminate against your company
 
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sglandscape

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IGfusion83 said:
done all the research. is ocbc the top of giving % interest purely for salary crediting, save and cc spend?
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most straight forward would be UOB One that gives you 4% effectively, assuming you have 150k and can spend 500 each month

OCBC has some catch, because of the "save" requirement, you need to track closely
 
ekardo

ekardo

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1st is sun, does it matter to transfer from 00:01 Sun or can transfer on 00:01 on mon ?
 
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