Business Times

SINGAPORE — OCBC Bank will again raise the interest rates on its flagship 360 savings account, in the latest move by a lender here to capture a larger slice ...

Currently, OCBC 365 credit card holders who spend at least $500 can earn bonus interest on the account. [raised the maximum interest rate on its Bonus$aver account to 4.88 per cent per annum](https://www.straitstimes.com/business/banking/stanchart-is-latest-lender-to-up-terms-of-account-amid-rising-interest-rates-offers-up-to-488-on-bonusaver) — also its highest for the savings account — up from 2.38 per cent. [upped rates on the 360 account to a maximum of 4.05 per cent a year](https://www.straitstimes.com/business/banking/ocbc-raises-interest-rates-on-360-account-up-to-405-per-annum-on-first-100k) on balances of up to $100,000. Account holders could previously earn a maximum of 2.38 per cent a year of interest on balances of up to $75,000. Beyond the three categories, customers who also invest and buy insurance through the bank can earn interest of 7.65 per cent a year on their first $100,000, up from 4.05 per cent a year. The bank will increase the rate to 4.65 per cent a year from Tuesday, up from 1.85 per cent a year currently, on the first $100,000 in customers’ bank accounts when they credit their salary, save and spend with the bank.