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.
The revised rates mark an all-time high for the bank.
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SINGAPORE: OCBC Bank will raise interest rates again for its flagship 360 savings account, following a similar move in August. Customers will be able to ...
Those who meet the requirements for two more categories – Wealth (Insure) and Wealth (Invest) – can earn an interest of 7.65 per cent per annum on the first S$100,000 in their bank account from Nov 1, an increase from the current rate of 4.05 per cent. To qualify for the higher interest rates, customers must credit a salary of at least S$1,800 through GIRO, increase their account balance by at least S$500 a month, as well as spend at least S$500 on selected OCBC credit cards. Customers will be able to earn an interest of 4.65 per cent per year from Tuesday (Nov 1) on the first S$100,000 in their account - an increase from the current 1.85 per cent - when they credit their salary, save and spend with the bank.
OCBC will raise the interest rate on their 360 savings account to 4.65% a year from 1 Nov. There'll be no changes to the existing crtieria.
[OCBC Bank](https://mustsharenews.com/govt-payments-ocbc-atms/) has now upped the ante by raising the interest rate on their 360 Savings Account for the second time this year. [OCBC raised the 360 Account interest rate](https://www.straitstimes.com/business/banking/ocbc-raises-interest-rates-on-360-account-up-to-405-per-annum-on-first-100k) to 4.05% a year on the first S$100,000. [notice](https://www.ocbc.com/personal-banking/notices) on Monday (31 Oct), OCBC said the interest rate for their 360 Account will be revised from Tuesday (1 Nov). [credit cards](https://mustsharenews.com/cardspal-cashback/) to be eligible in the “spend” category. OCBC Raises Interest Rate On 360 Savings Account To 4.65 A Year On First S$100,000 In Account [luring customers with high interest rates](https://mustsharenews.com/long-queues-banks/).
The rate will go up to 4.65% a year on the first $100000, up from 1.85% currently. Read more at straitstimes.com.
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 interest a year 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.