ocbc 360 account

[Flex11]

opened a 360 account only to find out that company do not credit salary to OCBC is there anyway to work around to get that 1%?

No.. OCBC is quite rigid in their rules.

Can try the new BOC multi currency savings account which boast much higher interest than OCBC..

I am contemplating to jump over too.

 

[thesoftwarekid]

No.. OCBC is quite rigid in their rules.

Can try the new BOC multi currency savings account which boast much higher interest than OCBC..

I am contemplating to jump over too.

BOC MCS, if I only have SGD deposits, how much interest can i earn?

 

[nickky]

Seems like BOC is only better if you can hit the cc spend. If just salary + giro, OCBC still better with the 1% increment interest.

 

[drgame871]

but the base interest for BOC is quite higher compared to OCBC?

 

[Tornesoul]

For the 500 credit spend, is it b4 cashback or after?

Sent from Sent from where? using GAGT

 

[hyperbole]

For the 500 credit spend, is it b4 cashback or after?

Sent from Sent from where? using GAGT

Before cashback

 

[13luetooth]

May I know how you guys do your funds rotation efficiently to earn the best interest rate from these bank saving? I read that you are required to open a few accounts and move the funds to different account monthly ?

 

[hyperbole]

May I know how you guys do your funds rotation efficiently to earn the best interest rate from these bank saving? I read that you are required to open a few accounts and move the funds to different account monthly ?

don't bother. just go open a boc smartsaver account.

 

[13luetooth]

don't bother. just go open a boc smartsaver account.

haha I can't meet the $500 cc card spending requirement. So to me, the benefits not as significant as compared to you guys :/

 

[hyperbole]

haha I can't meet the $500 cc card spending requirement. So to me, the benefits not as significant as compared to you guys :/

If you have salary credit then stick with OCBC 360. No need to rotate

 

[wts2013]

May I know how you guys do your funds rotation efficiently to earn the best interest rate from these bank saving? I read that you are required to open a few accounts and move the funds to different account monthly ?

hahaha, OCBC 360 is better for u, BOC smartsaver just released this mth, wait for all the "problems" to be resolved/tested or the system stabilised before u join if u want to, hahaha

as moi mentioned with OCBC360 u can earn 1.75% per mth, with incremental bonus u can earn earn 2.75% per mth, how to earn this 2.75%?

If u keep your money in the account, u earn 1.75% per mth, for 2 mths u will earn 1.75%+1.75% = 3.5%

If u earn 2.75% per mth, then second mth u need to find an account which pays u at least 3.5% - 2.75% = 0.75%

Assuming u used scb esaver:

1. Nov you start ocbc 360 = 2.75%
2. Dec you transfer from ocbc360 to scb esaver = 1.25%
3. Jan you transfer from esaver to ocbc 360 = 2.75%
4. repeat 2, etc

Effective interest u get = 2.75+1.25 = 2% per mth better than 1.75%

But u need to take note of scb esaver promo, current one ends Nov, usually on 2mths basis, min balance 1k, etc

hahaha, understand?

 

[13luetooth]

Yup I understand. Thank you

Got to wait till end of nov and see if standchart policy have any changes then can do this haha.

 

[saysuzu]

Yeah very long to fully open. The good thing is the broker actually came to my office to collect and sign documents

usually will take how long to open ?

 

[hyperbole]

usually will take how long to open ?

About 3 weeks before you receive everything including password

 

[ineser]

Anyone knows how to check spending limit on the debit card thru online banking?

 

[wts2013]

Anyone knows how to check spending limit on the debit card thru online banking?

hahaha, debit card daily spending limit usually same as daily atm withdrawal limit lor, hahaha

 

[aoptionwriter]

Go to change limit, it will show you the existing limit.

Anyone knows how to check spending limit on the debit card thru online banking?

 

[Yo2020]

as moi mentioned with OCBC360 u can earn 1.75% per mth, with incremental bonus u can earn earn 2.75% per mth, how to earn this 2.75%?

If u keep your money in the account, u earn 1.75% per mth, for 2 mths u will earn 1.75%+1.75% = 3.5%

If u earn 2.75% per mth, then second mth u need to find an account which pays u at least 3.5% - 2.75% = 0.75%

Assuming u used scb esaver:

1. Nov you start ocbc 360 = 2.75%
2. Dec you transfer from ocbc360 to scb esaver = 1.25%
3. Jan you transfer from esaver to ocbc 360 = 2.75%
4. repeat 2, etc

Effective interest u get = 2.75+1.25 = 2% per mth better than 1.75%

how abt this? open 360 n 2 bonus+

nov: 360 = 1.75%
dec: bonus+ (acct1) = 2.35%
jan: 360 = 2.75%
feb: 360 = 1.75%
mar: bonus+ (acct2) = 2.35%
apr: 360 = 2.75%
may: 360 = 1.75%
jun: bonus+ (acct1) = 2.35%

 

[Jazzbie]

how abt this? open 360 n 2 bonus+

nov: 360 = 1.75%
dec: bonus+ (acct1) = 2.35%
jan: 360 = 2.75%
feb: 360 = 1.75%
mar: bonus+ (acct2) = 2.35%
apr: 360 = 2.75%
may: 360 = 1.75%
jun: bonus+ (acct1) = 2.35%

2nd bonus plus must be a joint account or individual can hold more than 1 account?

Thanks.

Sent from Samsung SM-G900F using GAGT

 

[shengliang1981]

Too bad the 1.2% top up bonus promotion is ending this year.. Any news if this promotion will be renewed?

how abt this? open 360 n 2 bonus+

nov: 360 = 1.75%
dec: bonus+ (acct1) = 2.35%
jan: 360 = 2.75%
feb: 360 = 1.75%
mar: bonus+ (acct2) = 2.35%
apr: 360 = 2.75%
may: 360 = 1.75%
jun: bonus+ (acct1) = 2.35%