ocbc 360 account

[SantyBalls]

If the bank cannot survive this outflow, I'll be more worried about banking with such a bank VS over a single influencer. No single media release or person should be able to trigger a bank run, especially if it's only due to rate changes.

Anything that can threaten our financial stability are all lim kopis. Years ago mothershit or something post an article about dbs/posb bank acct imposing atm charges, asking ppl to faster withdraw and boycott dbs. So fast have correction notice say thats for foreigner acct only.

 

[sglandscape]

Anything that can threaten our financial stability are all lim kopis. Years ago mothershit or something post an article about dbs/posb bank acct imposing atm charges, asking ppl to faster withdraw and boycott dbs. So fast have correction notice say thats for foreigner acct only.

In this scenario, the ATMs would have run out of cash before it would trigger a bank run. What threaten financial stability tend to be massive hysteria typically due to lack of confidence of the financial institution, and the fear of losing the deposit entirely, due to the first come first serve nature of getting your cash out. Fake news of those nature comfirm lim kopi.

If every person who will withdraw to express unhappiness, many others would not bother and be happy to pay a fee to use the ATM (if they even make use of it).

 

[Mickey01]

If the bank cannot survive this outflow, I'll be more worried about banking with such a bank VS over a single influencer. No single media release or person should be able to trigger a bank run, especially if it's only due to rate changes.

before it can even trigger a run on any of one of these 7, any negative rumours have to be stopped immediately. You missed the point on "7 domestic systematically important banks in Singapore" versus any other banks in Singapore.

 

[jasperchc]

Guys, i did calculation below (Don't shoot if wrong ah). Will UOB also revise the rates later?

OCBC 360 ($100K May 2025)
Salary First $75k (1.6%) = $1200
Salary Next $25k (3.2%) = $800
Save First $75k (0.6%) = $450
Save Next $25k (1.2%) = $300
Spend (0.5%) = $500
Total = $3250
Monthly $3250 / 12 = $270.83

If include Grow $250k (2.2% base on $100k?) = $2200
Monthly $2200 / 12 = $183.33


UOB One (Spend and Salary $150k)
First $75k (3.0%) = $2250
First $50k (4.5%) = $2250
First $25k (6.0%) = $1500
Total = $6000
Monthly $6000 / 12 = $500

 

[reddevil0728]

Guys, i did calculation below (Don't shoot if wrong ah). Will UOB also revise the rates later?

OCBC 360 ($100K May 2025)
Salary First $75k (1.6%) = $1200
Salary Next $25k (3.2%) = $800
Save First $75k (0.6%) = $450
Save Next $25k (1.2%) = $300
Spend (0.5%) = $500
Total = $3250
Monthly $3250 / 12 = $270.83

If include Grow $250k (2.2% base on $100k?) = $2200
Monthly $2200 / 12 = $183.33


UOB One (Spend and Salary $150k)
First $75k (3.0%) = $2250
First $50k (4.5%) = $2250
First $25k (6.0%) = $1500
Total = $6000
Monthly $6000 / 12 = $500

Still got time for uob to revise effective 1 May

 

[elf108]

Enjoy the last high rate for April.

 

[iphone88]

Any alternatives for OCBC360?
I have UOB One already

 

[sglandscape]

Any alternatives for OCBC360?
I have UOB One already

Can do Multiplier, quite easy to clock the category if you know how to

 

[Daffy7]

Can do Multiplier, quite easy to clock the category if you know how to

Teach lei haha

 

[sglandscape]

Teach lei haha

Insurance if you have capital can consider do the SavvyEndowment, min 5k will count for 12 months (from next month of purchase onwards). If not can buy a CI plan for under 10 per month if you're young.

Invest can buy the Nikko Fund, min 1 buck each month.

The rest should be easy. To get the amount required to unlock the highest tier, you read faq closely, should have hint on how to clock it, be it in a single transaction or multiple one.

 

[nasilemak100]

Any alternatives for OCBC360?
I have UOB One already

boc smartsaver....

simply credit salary is already 2.9% (with 100k deposit).

more than ocbc 360 if u can only meet credit salary + $500 incremental


but dunno if boc will drop rate soon bo

 

[Cumzilla]

boc smartsaver....

simply credit salary is already 2.9% (with 100k deposit).

more than ocbc 360 if u can only meet credit salary + $500 incremental


but dunno if boc will drop rate soon bo

BOC based on history is usually last to drop but also the slowest to raise...

 

[sglandscape]

BOC based on history is usually last to drop but also the slowest to raise...

Also quite difficult to use them as a daily bank account. I've tried but switched out.

 

[Sambuca78]

Also quite difficult to use them as a daily bank account. I've tried but switched out.

BOC cannot ownself FAST salary right?

 

[maumu]

indeed, the last round of cuts, BOC was the last to cut. I went to open when the others all cut and BOC didn't cut yet. within a month or two, BOC cut. then I had to cancel the account.

lol. lesson is don't rush to open new accounts. eventually all will drop one. haiz.

 

[vsvs24]

Probably many flock to BOC and they see so many new accounts so had to cut as it is not sustainable.

 

[iduncheckmail]

Probably many flock to BOC and they see so many new accounts so had to cut as it is not sustainable.

banks adjust rates based on what they can make on your deposits on a risk adjusted basis.
if they can payout 3% , they'll ber sure to be able to make >3%.

u think the interest rate they payout is fixed pool of funds ???

 

[iphone88]

Can do Multiplier, quite easy to clock the category if you know how to

Check the multiplier. Only 0.05% as I could not spend additional $500 monthly.
Had spent $500 for UOB one.

 

[iphone88]

boc smartsaver....

simply credit salary is already 2.9% (with 100k deposit).

more than ocbc 360 if u can only meet credit salary + $500 incremental


but dunno if boc will drop rate soon bo

for the salary, could it ownself SALA paynow?

 

[sglandscape]

Check the multiplier. Only 0.05% as I could not spend additional $500 monthly.
Had spent $500 for UOB one.

Why would you need to spend 500 for multiplier? A dollar would clock the category alrrady