360 Account

Your go-to account for all your banking needs

Why you will love this

Earn effective interest rate of up to 3.45% a year and more on your first S$70,000

Earn more interest when you save, spend, insure or invest

Who can apply

Anyone above 18 years old

Singaporean, Singapore PR or foreigner with a valid pass

 

Make the 360 Account your first OCBC account nowGet a S$100 voucher

More ways to earn more interest. From salary to savings, maximise your interest with the 360 Account.

How it works

Earn bonus interest (% a year) on the first S$70,000 of your account balance across any or all of these categories:

First S$35,000

Next S$35,000

1.2%

2.0%

Salary

Credit your salary of at least S$2,000 through GIRO.

First S$35,000

1.2%

Next S$35,000

2.0%

0.3%

0.6%

Spend

Charge at least S$500 in total across your personal OCBC Credit Card(s) each month.

First S$35,000

0.3%

Next S$35,000

0.6%

0.3%

0.6%

Step-Up

Increase your average daily balance by at least S$500 from the previous month.

First S$35,000

0.3%

Next S$35,000

0.6%

0.6%

1.2%

Wealth

Insure or invest in eligible OCBC wealth products to earn this bonus interest for 12 months.

First S$35,000

0.6%

Next S$35,000

1.2%

Grow

Maintain an average daily balance of at least S$200,000 to earn this extra bonus each month.

1.0%

Earn bonus interest (% a year) on the increase in your account balance from the previous month:

Up to
S$1,000,000

Boost

Increase your average daily balance from the previous month’s balance. Incremental amount eligible for boost bonus interest is capped at S$1,000,000.

1.0%

1.0%


You will earn a base interest of 0.05% a year on your entire account balance regardless of whether you fulfil the above categories.

INTEREST CALCULATOR

Discover how much interest you can earn

Promotion

Make the 360 Account your first OCBC account and get a S$100 voucher

Get a S$100 Dairy Farm Group e-voucher when you open a 360 Account online as your first OCBC account. You must also credit your salary of at least S$2,000 to the account. Insured up to S$75,000 by SDIC.

Promotion ends on 30 April 2020.

before you apply

Eligibility requirements

Minimum age

18 years old

Documents required

NRIC for Singaporeans and Singapore PRs

Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners

Additional document

Include any one of the following documents that shows your residential address

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement


Deposit requirements

Initial deposit

S$1,000

Minimum average daily balance for automatic waiver of monthly fall-below fee

S$3,000


Fees

Fall below fee

S$2 (Waived for the first year)

Cheque book fee

S$10 (This feature is optional)


Statement

Monthly statements

e-Statement only




Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


Policy Owners' Protection Scheme

This plan is protected under the Policy Owner's Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).


ways to apply

Open your 360 Account today

FAQs
How different is the 360 Account from other savings or current accounts?

The 360 Account is a deposit account that pays you bonus interest when you do all or any of these:

  • Credit your salary through GIRO
  • Save and increase your account balance
  • Spend on your OCBC Credit Card
  • Insure or invest with OCBC

The account comes with e-statements and you can choose to have a cheque book.

How is the interest calculated?

You get 2 types of interest on your account balance every month.

Base interest:
This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.

Bonus interest:
For the FIVE types of bonus below, you will earn bonus interest on 2 tiers based on your account balance, up to the first S$70,000:

  1. Earn up to 2.0% a year for crediting your salary of at least S$2,000 through GIRO and/or
  2. Earn up to 0.6% a year for increasing your account's average daily balance by at least S$500 from the previous month and/or
  3. Earn up to 0.6% a year for spending at least S$500 across your OCBC Credit Cards and/or
  4. Earn up to 1.2% a year for 12 consecutive months when you purchase a new eligible insurance and/or investment product from OCBC and/or
  5. Earn 1% a year if your account's average daily balance is at least S$200,000.

For illustration purpose:

Bonus Interest Categories Maximum interest earned a year1
SALARY S$1,120
SPEND S$315
STEP-UP S$315
WEALTH S$630
GROW S$700
TOTAL S$3,080

1 The maximum interest earned is computed based on the effective interest rate of the respective bonus interest categories and the bonus interest balance cap.

In addition to the above FIVE bonus interest categories that is earned on the first S$70,000:

You will earn 1% a year on your account's incremental balances between your account's average daily balance in the current month and previous month, capped at S$1,000,000.

Please refer to the online calculator available on this page to find out more.

How will I know that the bonus interest is credited to my 360 Account?

Your bonus interest will be reflected in your e-statement, Online Banking and Mobile Banking transaction history as follows

  • 360 SALARY BONUS
  • 360 CC SPEND BONUS
  • 360 STEP UP BONUS
  • 360 WEALTH BONUS
  • 360 GROW BONUS
  • 360 BOOST BONUS

If you close your account before the bonus interest crediting date, the bonus interest for the previous month will be forfeited.

Can I open more than one 360 Account?

Each customer is only allowed to open one 360 Account where he/she is the Primary Account holder. The signing mandate can be either signed singly or joint alternate.

More questions and answers
1
For Singaporeans and Permanent Residents:

NRIC

For foreigners:

Passport
Employment Pass (EP) or S-Pass or Student Pass

2
Initial deposit:

S$1,000

3
Include any one of the following documents:

Phone bill
Half-yearly CPF statement
Any bank statement

For OCBC customers

You will receive your account number within 1 working day. (Only with an existing Current or Savings Account.)

or

For new customers

Apply online instantly with MyInfo or fill in the application form with these supporting documents to get account access within 5 working days  

  1. For Singaporeans and Permanent Residents:

    • NRIC

    For foreigners:

    • Passport
    • Employment Pass (EP); or S-Pass or Student Pass
  2. Initial deposit:

    • S$1,000
  3. Additional documents
    Include any one of the following documents:

    • Phone bill
    • Half-yearly CPF statement
    • Any bank statement
Fill application form