ocbc 360 account

[koolkool]

Hi. I am keen on this promotion to get the invest bonus interest.

Promo

I checked the t&c for 360 account no mention if such promo is not allowed to get the invest bonus interest. Anyone has any experience using this promo code and get the bonus interest as well?

Also once the 14 day grace period is over after purchasing UT, selling is possible on the same month correct?

Thanks. I am afraid I may not enjoy this promotion as I encountered error when buying uniy trust. Already called help line but seemed like they are still investigating. Anyone know if this sales charge promo will run every 3 months? Sorry, I am new to 360 account. I just opened it this week and submitted to hr to switch my salary crediting to 360 so will only be funding the account next month. BTW there is a promo on getting a disney+ 1 year subscription if you open 360 this month and credit salary next month.

There was a question I raised some time back if I can invest using srs. The answer I found is yes. It is found in the faq.

The other question I have is to enjoy the save interest of $500 increment, you guys just start with $94000 and then only miss one month of this bonus interest every year. Is that how you guys max the interest earned?

 

[sglandscape]

Can close the OCBC 360 account in second half of August already, the effective rate so low and need to keep 100k to maximise it. Close only after receive the interest, and likely switch to UOB One.

Effective rate now 2.45% vs 3.3% previously.

https://www.ocbc.com/personal-banking/notices

 

[koolkool]

https://www.ocbc.com/personal-banking/notices

Just saw this :-(

Hahaha. I just opened my account this week....

Anyway I think I will stick with this for now. It is still decent if I take in the salary, save, spend and invest category.

Looks like all the banks are taking turn to drop their rates. I was planning to look at maybank save up plan next now I am a little hesitant.

 

[Superman_2009]

If credit salary and save, how much is interest after nerf ?

 

[sglandscape]

If credit salary and save, how much is interest after nerf ?

2% only

 

[nasilemak100]

If credit salary and save, how much is interest after nerf ?

assuming u have 100k. for hitting these 2 criteria only will become

from around $237 per month to $167 per month starting 1 Aug


this $167 is approx same as UOB stash which also drop to around $170 (assuming 100k but starting 1 July)

 

[ThreeSteps]

https://www.ocbc.com/personal-banking/notices
from 01Aug2025 - effective interest rate for first $100k (average daily balance) :
Salary 1.5%, Save 0.5%, Spend 0.4%, Invest 1.5%, Insure 1.5%
*base interest 0.05%

 

[Ahboy069]

Ok one last burst of fire in July and they can kiss our ass

 

[JetStorm]

I already got 100k stuck in 360 for this month. Next month need to increase extra 500 just to leech the extra 0.75%

 

[TheDarkKnight]

Uob one better not follow suit knn

 

[pohw0008]

Give up on ocbc liao.. gg to try standard chartered..

 

[mindman]

Uob one better not follow suit knn

What happened??

 

[hwmook]

Can close the OCBC 360 account in second half of August already, the effective rate so low and need to keep 100k to maximise it. Close only after receive the interest, and likely switch to UOB One.

Effective rate now 2.45% vs 3.3% previously.

https://www.ocbc.com/personal-banking/notices

With investment is 3.95%, much higher what you can get from UOB One. OCBC still the best for me.

 

[iadpotato]

never ever liked this OCBC 360 every since they do this increase balance by $500 monthly. Like throwing $500 into the sea.

DBS Multiplier still one of the best 4.1% for 100k, followed by UOB ONE 3.3% for 150k, and BOC Smart Saver 3.25% for 100k. Any extra just dump into SIF Go Savers and MariBank.

 

[sglandscape]

With investment is 3.95%, much higher what you can get from UOB One. OCBC still the best for me.

What investments do you usually do? When I calculated for myself, the investment I do with them and the sales fee I pay effectively is just paying for my own interest cause it's capped at 100k.

I could have saved the fees and do it elsewhere, and actually make more overall interest.

 

[hwmook]

What investments do you usually do? When I calculated for myself, the investment I do with them and the sales fee I pay effectively is just paying for my own interest cause it's capped at 100k.

I could have saved the fees and do it elsewhere, and actually make more overall interest.

20k unit trust at 0.88% is $176. If you divide by 100k, that's only 0.176%. You get 1.5% interests and pay 0.176% so how can it be that equal? You can still easily earn 3.77% effective interest. UOB less than 2.7% for 100k, not attractive at all.

 

[sglandscape]

20k unit trust at 0.88% is $176. If you divide by 100k, that's only 0.176%. You get 1.5% interests and pay 0.176% so how can it be that equal? You can still easily earn 3.77% effective interest. UOB less than 2.7% for 100k, not attractive at all.

You're also taking underlying price risk, and also the expense ratio fee for the fund, you're only counting the initial sales charge.

You should compare it with 150k for UOB, because everyone who does it wants to max it up, so 3.3% is the comparison.

 

[70niner]

https://www.ocbc.com/personal-banking/notices
from 01Aug2025 - effective interest rate for first $100k (average daily balance) :
Salary 1.5%, Save 0.5%, Spend 0.4%, Invest 1.5%, Insure 1.5%
*base interest 0.05%

Wah pathetic

Almost halved in less than 6 months.....

Before May, Salary + Save + Spend = 4.65%

 

[hwmook]

You're also taking underlying price risk, and also the expense ratio fee for the fund, you're only counting the initial sales charge.

You should compare it with 150k for UOB, because everyone who does it wants to max it up, so 3.3% is the comparison.

we can sell after purchase so you do not have to hold the investments any longer than required. Not everybody want to hold so much cash, I personally do not but feel free to compare to 3.3 % for 150k. OCBC 3.95% still a better deal than UOB 3.3% for me. If UOB suit your needs better then go ahead.

 

[sglandscape]

we can sell after purchase so you do not have to hold the investments any longer than required. Not everybody want to hold so much cash, I personally do not but feel free to compare to 3.3 % for 150k. OCBC 3.95% still a better deal than UOB 3.3% for me. If UOB suit your needs better then go ahead.

By that logic to sell right after purchase, the dbs multiplier makes even more sense and will get you 4.1% for the same amount of effort.

Comparing like for like, UOB is easier to achieve. If you add in buying unit trust and cap at 100k, I'll do the DBS Multiplier at 4.1%, if you're smart about it, could give you even higher up to 6.2% in June.