ocbc 360 account

[Velton]

Come in already.. better than CDC vouchers!

 

[bakasora]

The amount like almost the same. Next month then the actual nerf kick in?

 

[sglandscape]

The amount like almost the same. Next month then the actual nerf kick in?

Yes

 

[ericcsn]

Sorry if this was asked before:
Are grab pay top ups with ocbc 365 credit card considered as eligible means towards earning the spend bonus interest for the ocbc 360 account?
And what about charging insurance premiums using the ocbc credit card?

 

[sglandscape]

Sorry if this was asked before:
Are grab pay top ups with ocbc 365 credit card considered as eligible means towards earning the spend bonus interest for the ocbc 360 account?
And what about charging insurance premiums using the ocbc credit card?

Definitely not, excluded MCC

 

[ericcsn]

Definitely not, excluded MCC

I take this to mean that grabpay is excluded except in the case an MCC for the transacted item (when using grabpay) carries an eligible tag.

 

[sglandscape]

I take this to mean that grabpay is excluded except in the case an MCC for the transacted item (when using grabpay) carries an eligible tag.

Yup that's right

 

[ericcsn]

Has anyone bought an eligible unit trust under ocbc 360?

Can I confirm: to qualify for the Invest Bonus Interest category for the full 12 months, you have to hold the unit trust for that entire length of time?

Meaning if I sold my UT 1 month from the date of purchase, the bonus will likewise last for 1 month (and not 12 months)?

 

[sglandscape]

Has anyone bought an eligible unit trust under ocbc 360?

Can I confirm: to qualify for the Invest Bonus Interest category for the full 12 months, you have to hold the unit trust for that entire length of time?

Meaning if I sold my UT 1 month from the date of purchase, the bonus will likewise last for 1 month (and not 12 months)?

You need to buy min 20k and cannot be money market funds. Can be sold, after the free look period or the subsequent month, preferably thr latter of either to be safe.

As per their website: Exclude Unit Trusts investments into money market funds, Systematic Investment Programme (OCBC Momentum) and Unit Trusts transferred in from other financial institutions

Do I continue to get this bonus interest if I sell my investments or when they mature?
Yes. You will continue to get this bonus interest

 

[ericcsn]

You need to buy min 20k and cannot be money market funds. Can be sold, after the free look period or the subsequent month, preferably thr latter of either to be safe.

As per their website: Exclude Unit Trusts investments into money market funds, Systematic Investment Programme (OCBC Momentum) and Unit Trusts transferred in from other financial institutions

Do I continue to get this bonus interest if I sell my investments or when they mature?
Yes. You will continue to get this bonus interest

Yes. I saw that .
Free look is 14 days. If the eligible UT tanked in that 14 days, I will just give back to ocbc at no cost to me.

So on the 15th day, I sell (cost to me is 0.88% of $20k =$176). (Assuming I buy the most conservative bond so not expecting it to lose much value in 1 day)

So if it means that I get a full 12 months of 1.5% off $100k, that’s $1500. That’s outstanding just after 1/2 month.
If it otherwise then it mean I get $1500/12 =$125 per month, so it becomes a wait out on chance for another 12 months.

 

[tesarise]

Yes. I saw that .
Free look is 14 days. If the eligible UT tanked in that 14 days, I will just give back to ocbc at no cost to me.

So on the 15th day, I sell (cost to me is 0.88% of $20k =$176). (Assuming I buy the most conservative bond so not expecting it to lose much value in 1 day)

So if it means that I get a full 12 months of 1.5% off $100k, that’s $1500. That’s outstanding just after 1/2 month.
If it otherwise then it mean I get $1500/12 =$125 per month, so it becomes a wait out on chance for another 12 months.

1.5% is per annum sir. So its the latter

 

[ThreeSteps]

Has anyone bought an eligible unit trust under ocbc 360?

Can I confirm: to qualify for the Invest Bonus Interest category for the full 12 months, you have to hold the unit trust for that entire length of time?

Meaning if I sold my UT 1 month from the date of purchase, the bonus will likewise last for 1 month (and not 12 months)?

I bought ut online in May2024 with the amount deducted from my ocbc360 a/c, sold it in June 2024 after monitoring ut prices to ensure at least small profit when sold. No need to hold ut for 12 months. I have bought a new batch ut again in this month May 2025 to start a new 12-month cycle for INVEST bonus interest, waiting to sell ut in June when the price reach a level where I can get off it with a small profit.

But I would advise not to buy & sell within the same month because this would result in nil ut holding as at that 1st month-end of the buy & sell transactions. It is safer to have the online account or statement for the 1st month-end showing the ‘ut holdings’ before you sell it.

https://www.ocbc.com/personal-banking/investments/unit-trusts/what-are-unit-trusts

 

[sglandscape]

Yes. I saw that .
Free look is 14 days. If the eligible UT tanked in that 14 days, I will just give back to ocbc at no cost to me.

So on the 15th day, I sell (cost to me is 0.88% of $20k =$176). (Assuming I buy the most conservative bond so not expecting it to lose much value in 1 day)

So if it means that I get a full 12 months of 1.5% off $100k, that’s $1500. That’s outstanding just after 1/2 month.
If it otherwise then it mean I get $1500/12 =$125 per month, so it becomes a wait out on chance for another 12 months.

Usually free look, you give back to them a lower of the market price and price you paid, you may want to check that.

 

[beachball88]

What do you all think of putting in $250k into OCBC360 to earn 2.2% on only $100k?

 

[reddevil0728]

What do you all think of putting in $250k into OCBC360 to earn 2.2% on only $100k?

depends on how much the remaining 150k is earning.

if it's earning 0.05%. the effective interest rate for the entire amount is 0.91% pa.

 

[sglandscape]

What do you all think of putting in $250k into OCBC360 to earn 2.2% on only $100k?

This is rarely ever a good idea. The incemental funds can earn you more than 2% easily, you put into OCBC 360 your EIR will go down to below 2%.

 

[JetStorm]

What do you all think of putting in $250k into OCBC360 to earn 2.2% on only $100k?

Shitty deal when there are better rates for 150k within same bank or elsewhere.

 

[FlyGuardX]

Hi elders laojiap. Given it’s public holiday, issit to deposit $1000 tomorrow and then take out $500 on Saturday?

bro how should we do for tomorrow ar? 1000 on monday and take out 500 on tuesday?

 

[addict951]

bro how should we do for tomorrow ar? 1000 on monday and take out 500 on tuesday?

Ya
Tmr dun do anything

 

[chopra]

bro how should we do for tomorrow ar? 1000 on monday and take out 500 on tuesday?

I dont care anymore. I use my own calculator and browser ocbc to calculate average, primarily cos i got alot of fund movement due to company commissioned salary credits