360 Account

Maximise your interest with 360 Account

Why you will love this

Earn up to 4.65% a year on your first S$100,000 when you credit your salary, save and spend

Earn an additional 3.00% a year when you insure and invest

Who can apply

Anyone above 18 years old

Singaporean, Singapore PR or foreigner with a valid pass

 

Current promotion Enjoy double bonus interest for salary and card spend categories when you open a new 360 Account
Find out more

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

How it works

Earn bonus interest (% a year) on the first S$100,000 of your account balance. Find out what’s the total effective interest rate (EIR) across all of our categories.

Here’s a breakdown of our bonus interest rates.

First S$75,000

Next S$25,000

Salary

Credit your salary of at least S$1,800 through GIRO/PayNow via GIRO.

2.00%

4.00%

First S$75,000

2.00%

Next S$25,000

4.00%

EIR1

2.50%

Save

Increase your average daily balance by at least S$500 monthly.

1.20%

2.40%

First S$75,000

1.20%

Next S$25,000

2.40%

EIR1

1.50%

Spend

Charge at least S$500 to selected OCBC Credit Cards each month.

0.60%

First S$75,000

0.60%

Next S$25,000

0.60%

EIR1

0.60%

Insure

Purchase an eligible insurance product from OCBC.

1.20%

2.40%

First S$75,000

1.20%

Next S$25,000

2.40%

EIR1

1.50%

Invest

Purchase an eligible investment product from OCBC.

1.20%

2.40%

First S$75,000

1.20%

Next S$25,000

2.40%

EIR1

1.50%

Grow

Maintain an average daily balance of at least S$200,000.

2.40%

First S$75,000

2.40%

Next S$25,000

2.40%

EIR1

2.40%

EIR1

2.50%

1.50%

0.60%

1.50%

1.50%

2.40%

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

1For maximum EIR illustration purposes for your first S$100,000:
Salary + Save: You will earn a maximum EIR of 4.05% a year.
Salary + Save + Spend: You will earn a maximum EIR of 4.65% a year.
Salary + Save + Spend + Insure / Invest: You will earn a maximum EIR of 6.15% a year.
Salary + Save + Spend + Insure + Invest: You will earn a maximum EIR of 7.65% a year.

INTEREST CALCULATOR

Discover how much interest you can earn on your first S$100,000.

2The amount is calculated on per month (31 days) basis, this is for illustration purposes only.

The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator.

360 Account Opening Promotion

Apply for a 360 Account and fulfill these categories to enjoy double bonus interest rate on the first S$75,000 balances during the first 2 months of account application.

Valid from 1 April 2024 to 31 May 2024. Terms and conditions apply. Insured up to S$100K by SDIC.

ENJOY MORE BENEFITS WHEN YOU BUNDLE WITH A 365 CREDIT CARD
Earn higher interest rates with OCBC 360 Account and OCBC 365 Credit Card

Here is why together is always better. Simply charge at least S$500 to your OCBC 365 Credit Card, to earn 0.60% a year interest on your 360 Account.

From now till 31 May 2024, apply for the 360 Account and fulfill the spend category to enjoy double bonus interest rate on the first S$75,000 balances during the first 2 months of account application.

Get up to 6% cashback on your daily spends with an OCBC 365 Credit Card, that’s up to S$1920* cashback in a year!

Apply for both 360 Account and 365 Credit Card now 

Apply for both 360 Account and 365 Credit Card now 

Terms and conditions, fees and charges apply. Insured up to S$100K by SDIC.
*Minimum spend and cashback cap apply.

bank safely with ocbc money lock
Secure your savings with our new anti-scam feature

Secure your savings with our new anti-scam feature

What’s more, your 360 Account comes with Money Lock built-in – our latest security feature that enables you to lock up the funds in your account to protect them from scams. And best yet, locked funds count towards the total account balance for the purpose of earning interest, so your savings can continue to grow while staying safe.

before you apply

Eligibility requirements

Minimum age

18 years old

Documents required

NRIC and an image of your signature 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


Letters

You will receive electronic versions of Letters for all your relationships/accounts.




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 OCBC 360 Account from other savings or current accounts?

The OCBC 360 Account is one of our best savings account that pays you bonus interest when you do all or any of these:

  • Credit your salary through GIRO/PayNow via GIRO
  • Save and increase your account balance
  • Charge at least S$500 to your OCBC 365 Credit Card, OCBC INFINITY Cashback Card, OCBC NXT Credit Card, OCBC 90°N or OCBC Rewards Card
  • Insure with OCBC
  • 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 SIX types of bonus below, you will earn bonus interest at 3 tiers based on your account balance, up to the first S$100,000:

  1. Earn up to 4.0% a year for crediting your salary of at least S$1,800 through GIRO/PayNow via GIRO and/or
  2. Earn up to 2.4% a year for increasing your account average daily balance by S$500 from the previous month and/or
  3. Earn up to 0.60% a year for spending at least S$500 on your OCBC 365 Credit Card, OCBC INFINITY Cashback Card, OCBC NXT Credit Card, OCBC 90°N and/or OCBC Rewards Card
  4. Earn up to 2.4% a year for 12 consecutive months when you purchase an eligible insurance product from OCBC and/or
  5. Earn up to 2.4% a year for 12 consecutive months when you purchase an eligible investment product from OCBC and/or
  6. Earn 2.4% a year if your account average daily balance is S$200,000 or more.

For illustration purpose:

Bonus Interest Categories Maximum interest earned a year1
SALARY S$2,500
SAVE S$1,500
SPEND S$600
INSURE S$1,500
INVEST S$1,500
GROW S$2,400
TOTAL S$10,000

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, based on a 365 day calendar year.

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 SAVE BONUS
  • 360 CC SPEND BONUS
  • 360 INSURE BONUS
  • 360 INVEST BONUS
  • 360 GROW 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 OCBC 360 Account where he/she is the Primary Account holder. The signing mandate can be either signed singly or joint alternate.

I did not receive the Save Bonus Interest even though I transferred in funds to increase my average balance by S$500 for the month. Why is that so?

Your FAST/ PayNow Transfer to your 360 Account might have a value date that is different from the transaction date. Funds received on a non-business day (for example, Sunday or public holidays) or after the Bank’s cut-off time on a business day will be valued on the next business day. The calculation of the average daily balance for each month depends on the value date of fund transfers.

More questions and answers
1
For Singaporeans and Permanent Residents:

NRIC and an image of your signature

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