ocbc 360 account

[marcoyeo]

Hi marcoyeo,

Hope these answers are of some help!

1)If you split the premiums into 12 months instalment, only the monthly instalment will qualify for the 360 Account Credit Card Spend Bonus interest.

2) The OCBC Great Eastern Cashflo Credit Card allows interest free instalments payable monthly over a period of 3, 6 or 12 months only. You may refer to the following link for more information: Great Eastern Cashflo MasterCard | Credit Card Application | OCBC

3) As long as your monthly instalment amount is above S$400, it will qualify for the Credit Card Spend Bonus Interest. However, any transaction i) on credit cards that are terminated at any time and ii) that is subsequently cancelled, reversed or made void, will not qualify.

^Shereen
For OCBC Bank

Thank you for your reply.

If my Great Eastern policy is an existing one and I switch to monthly premiums using Great Eastern Cashflo credit card, is it possible to enjoy the 1% rebates on my OCBC 360 account?

 

[Ronaldo88]

So r we getting our bonus interest credited tdy?

 

[dork32]

So r we getting our bonus interest credited tdy?

today at 2359

 

[yukita]

if i have 100k savings, i would not put it into ocbc 360.

i would put 50k in 360, 25k in bonussaver, 25k oscilate between esaver and star saver

If i have 100k, will put 50k on my ocbc 360 account and 50k on my wife's ocbc 360 instead lol

 

[ark123]

So r we getting our bonus interest credited tdy?

Bonus interests are in

 

[OCBC Bank]

When I use the frank CC as ez link, there is a $50 atu. Is this $50 considered as the $400 retail spending? TIA.

Hi there!

That's right! You get to enjoy both benefits

^Shereen
For OCBC Bank

 

[Whisper]

Got my 2% bonus!

 

[justastatistic]

Anyone know how the principal amount for the bonus interest is calculated? Only received $13.8 x 3 interest when I had 50k in the account on payout day. Shouldn't it be $120 / month?

Is it because I had around 20k for half the month and only topped up later?

 

[more3cm]

Is it because I had around 20k for half the month and only topped up later?

Yes because bonus interest is based on average daily balance (section 2.2)

You can work out your average daily balance through IB.

Since you have <50k, so your 1% bonus interest will be exactly 20x the base interest that you received on 1st Jul

 

[justastatistic]

Yes because bonus interest is based on average daily balance (section 2.2)

You can work out your average daily balance through IB.

Since you have <50k, so your 1% bonus interest will be exactly 20x the base interest that you received on 1st Jul

I see, that explains it. Thanks!

 

[dork32]

If i have 100k, will put 50k on my ocbc 360 account and 50k on my wife's ocbc 360 instead lol

good idea but my wife not working.less 1%. not working so cannot apply credit card. less another 1%. yes can pay 3 bills. only 1.05%

 

[more3cm]

not working so cannot apply credit card.

Not true, you can put $10k with OCBC and they will give your wife a secured credit card. So she can actually get 2.05%, in addition to your 3.05% + the iinterest from 10k security

 

[drumma]

if i set a saving goal, will the saving goal account get the same interest too? say for example i'm getting 3.05% on my 360 account already.

 

[endlssorrow]

How many more months u think ocbc can continue to give us 3.05%?

 

[endlssorrow]

Saving goal account? I doubt so.

 

[ark123]

if i set a saving goal, will the saving goal account get the same interest too? say for example i'm getting 3.05% on my 360 account already.

Saving goal in 360 account will be counted towards the account balance for 360, and hence will earn the bonus interests.

Tried and tested.

 

[cheery]

Hi ... I have a MSA with OCBC, earning 1% once 3 years is up. One is maturing end of this year... another maturing in 1st quarter of next year.

Do you think its advisable to shift to this OCBC 360 instead, right now?

I think I can fit the requirements for the Credit Card spend & paying bills.. hahaa

Any advises?

 

[more3cm]

Hi ... I have... another ...
Do you think its advisable to shift to this OCBC 360 instead, right now?

You should own self calculate... Just bear in mind that the 3% bonus is capped at 50k

 

[dork32]

How many more months u think ocbc can continue to give us 3.05%?

bonus saver also gave 1.88 for a long long time already. it was significantly higher than quite a lot of savings and fd during its time. why 3.05 cannot last a long time?

 

[cheery]

You should own self calculate... Just bear in mind that the 3% bonus is capped at 50k

My savings not alot...

Haha, but then again.. need to lock in $3k to avoid fees... Hmmm...