OCBC 360 vs POSB/DBS Multiplier

[pilotjj1]

If I'm reading the current interest tables correctly, for someone who only credits salary (say $3k) and spend on CC (say $500):

• DBS/POSB is giving 1.5% for the first $50k and 0.05% for subsequent amounts above $50k deposited.
• OCBC gives 3.25% for the first $75k and an even higher 6.45% for the next $25k.

Am I reading it right? Seems like a huge disparity and OCBC's interest is too good to be true. Did I missed something?

Quick reference links:
https://www.posb.com.sg/personal/deposits/bank-earn/multiplier
https://www.ocbc.com/personal-banking/deposits/360-savings-account

 

[reddevil0728]

If I'm reading the current interest tables correctly, for someone who only credits salary (say $3k) and spend on CC (say $500):

• DBS/POSB is giving 1.5% for the first $50k and 0.05% for subsequent amounts above $50k deposited.
• OCBC gives 3.25% for the first $75k and an even higher 6.45% for the next $25k.

Am I reading it right? Seems like a huge disparity and OCBC's interest is too good to be true. Did I missed something?

Quick reference links:
https://www.posb.com.sg/personal/deposits/bank-earn/multiplier
https://www.ocbc.com/personal-banking/deposits/360-savings-account

Ain’t it 2+0.6% for salary credit and spend?

assuming spend correct card

 

[havetheveryfun]

If I'm reading the current interest tables correctly, for someone who only credits salary (say $3k) and spend on CC (say $500):

• DBS/POSB is giving 1.5% for the first $50k and 0.05% for subsequent amounts above $50k deposited.
• OCBC gives 3.25% for the first $75k and an even higher 6.45% for the next $25k.

Am I reading it right? Seems like a huge disparity and OCBC's interest is too good to be true. Did I missed something?

Quick reference links:
https://www.posb.com.sg/personal/deposits/bank-earn/multiplier
https://www.ocbc.com/personal-banking/deposits/360-savings-account

normally u can compare to FD's rates from the 3 local banks. if they are around the same then its not too good to be true and normal

u should compare dbs multipler transaction in 3 categories instead as dbs multiplier 3x category is much easier to hit compared to ocbc and thats the game they play

 

[gnooliew]

If only 2 or less categories on DBS, OCBC is better.