OCBC to boost rates of interest once more for 360 financial savings account

SINGAPORE: OCBC Financial institution will elevate rates of interest once more for its flagship 360 financial savings account, following an identical transfer in August.

Prospects will be capable to earn an curiosity of 4.65 per cent per 12 months from Tuesday (Nov 1) on the primary S$100,000 of their account – a rise from the present 1.85 per cent – after they credit score their wage, save and spend with the financial institution.

That is the best degree of curiosity within the historical past of the 360 financial savings account, mentioned OCBC in a media launch on Monday.

The standards within the three classes – wage, save and spend – stay unchanged.

To qualify for the upper rates of interest, prospects should credit score a wage of a minimum of S$1,800 by means of GIRO, improve their account steadiness by a minimum of S$500 a month, in addition to spend a minimum of S$500 on chosen OCBC bank cards.

The pool of eligible playing cards shall be widened for the spend class, to incorporate the OCBC Titanium Rewards bank card, OCBC 90°N Visa card and OCBC 90°N Mastercard.

Those that meet the necessities for 2 extra classes – Wealth (Insure) and Wealth (Make investments) – can earn an curiosity of seven.65 per cent every year on the primary S$100,000 of their checking account from Nov 1, a rise from the present fee of 4.05 per cent.

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