Understanding your savings
What do you do with your account?
Do you invest in or buy eligible products with us?
Here is what you will earn
Earn effective interest rate of up to 2.15% a year and more on your first S$70,000
Earn more interest when you save, insure or invest
Anyone above 18 years old
Singaporean, Singapore PR or foreigner with a valid pass
You will earn a base interest of 0.05% a year on your entire account balance regardless of whether you fulfil the above categories.
Understanding your savings
What do you do with your account?
Do you invest in or buy eligible products with us?
Here is what you will earn
33 years old Human Resource Manager
Credits salary to 360 Account
Maintains an account balance of S$70,000
Increased her account balance by at least $500 from the previous month
Purchased an endowment insurance plan
18 years old
NRIC for Singaporeans and Singapore PRs
Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners
Include any one of the following documents that shows your residential address
Minimum average daily balance for automatic waiver of monthly fall-below fee
Fall below fee
S$2 (Waived for the first year)
Cheque book fee
S$10 (This feature is optional)
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.
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).
The 360 Account is a deposit account that pays you bonus interest when you do all or any of these:
The account comes with e-statements and you can choose to have a cheque book.
You get 2 types of interest on your account balance every month.
This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.
For the FOUR types of bonus below, you will earn bonus interest on 2 tiers based on your account balance, up to the first S$70,000:
For illustration purpose:
|Bonus Interest Categories||Maximum interest earned a year1|
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.
Please refer to the online calculator available on this page to find out more.
Your bonus interest will be reflected in your e-statement, Online Banking and Mobile Banking transaction history as follows
If you close your account before the bonus interest crediting date, the bonus interest for the previous month will be forfeited.
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.
Credit your salary of at least S$1,800 into the 360 Account.
Only salary credit through GIRO with the transaction description "GIRO - SALARY" in your statements will qualify for this bonus.
To set up your 360 Account as your salary crediting account, please inform your HR department of your new account number (you will only need to do it once).
Spend at least S$500 in total across your personal OCBC Credit Card(s) such as 365, Titanium, Platinum, FRANK, Robinsons, Plus!, Best Denki and 90°N.
You need to be the primary account holder of the 360 Account as well as the Principal Cardmember of the eligible OCBC Credit Card(s).
Eligible transactions with posting date within the calendar month will be considered, less off and excluding amounts in all transactions that are terminated, voided, reversed or cancelled.
Increase your account's average daily balance in the current month by at least S$500 from the previous month's average daily balance.
Purchase any new eligible financial product from OCBC of at least the minimum amount as follows
Eligible financial wealth products
Minimum qualifying amount
Exclude Unit Trusts investments into money market funds, Systematic Investment Programme (OCBC Momentum) and Unit Trusts transferred in from other financial institutions
Bonds and structured products
Note: The minimum placement amount to qualify for the wealth bonus may differ from the minimum premiums required for insurance products. Speak to our financial consultants for more details. They can aid you by performing a Financial Needs Analysis (FNA) to ensure that the product you purchase meets your financial needs.
For Regular Premium Insurance Categories, the minimum qualifying amount refers to the annual premium of the policy. Qualifying amount is taken after prepayment discount (if any).
You need to be the primary account holder of the 360 Account as well as the policyowner of the eligible insurance product or single name account holder of the eligible investment product.
This bonus interest is accorded for 12 months after the effective date of purchase, post the free look/cancellation period or 14 days, whichever is longer.
Your account's average daily balance for the month must be at least S$200,000.
Earn this bonus interest on the increase in your account's average daily balance from the previous month's average daily balance, up to S$1,000,000.
New accounts opened will earn the bonus interest on the average daily balance in the month of account opening, and incremental balances in subsequent months, up to a cap of S$1,000,000.
Employment Pass (EP) or S-Pass or Student Pass
Half-yearly CPF statement
Any bank statement
Open your account instantly when you apply with MyInfo via SingPass login.
If you do not have SingPass, you can apply online with these documents
For Singaporeans and Permanent Residents:
Include any one of the following documents:
For OCBC customers
If you have a current or savings account with us, you can apply instantly via Internet Banking with only a few clicks.
The insurance plans are provided by The Great Eastern Life Assurance Company Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group and Transamerica Life Bermuda Ltd. The insurance plans are not bank deposits and OCBC Bank does not guarantee or have any obligations in connection with it.
You may want to seek advice from a financial adviser before committing to buy the product. If you choose to not seek advice from a financial adviser, you should consider if the product is suitable for you.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable may be less than the total premiums paid.
This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and benefit illustration (available from us) before deciding whether to buy this product.
We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document. This document may be translated into the Chinese language. If there is any difference between the English and Chinese versions, the English version will prevail.
The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.
No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
The information provided herein may contain projections or other forward-looking statement regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same. This presentation and its contents are considered proprietary information and may not be reproduced or disseminated in whole or in part without our written consent.
Oversea-Chinese Banking Corporation Limited ("OCBC Bank") and OCBC Securities Private Limited ("OCBC Securities") are related but separate entities. All securities trading services and products are offered by OCBC Securities and are subject to the relevant terms and conditions of OCBC Securities.
Trading in securities can be very risky, and you may lose all or more than the principal amount invested. This is particularly so when you need to (i) make your own trading decisions and (ii) ensure each trade is specifically suitable for you the only basis for trading through or with OCBC Securities Private Limited.
The information contained herein has been prepared by OCBC Bank, the issuer and manager of the fund. It is for general information only. It does not take account of your specific investment aims, financial situation or needs.
This is not a formal offer for this product. We are not recommending that you buy this product as you must first assess whether it is suitable for your investment needs. You should speak to a financial adviser before you buy an investment product. The financial adviser will look at your specific investment aims, financial situation and particular needs before advising you on whether the product is suitable for you. Of course, if you decide not to get advice from a financial adviser, you should consider carefully whether this product is suitable for you.
The investment objective of the fund is more particularly described in the fund prospectus. You can get a copy of the prospectus of the fund from the manager of the fund, or any of its approved distributors. You should read the prospectus for details of the fund before deciding whether to subscribe for, or buy, units in the fund. The value of the units in the fund and the income building up from the units, if any, may fall or rise.
The information in this document may contain projections or other predictions regarding future events or the future performance of countries, assets, markets or companies. These may be different from actual events or results. Past performance figures are not necessarily an indication of future or likely performance. Any reference to any specific company, financial product or asset class is used as an example only. We (OCBC Bank), and any of our related and connected companies, and their directors and employees (known as ‘related people’), may have interests in, and may make transactions in, the products mentioned in this document. We may have connections with, and may receive a fee from, the product providers. Product providers may also be related people, who may receive fees from investors. We and our related people may also carry out or try to carry out broking and other financial services for the product providers.
We have done all we can to make sure that this document is accurate at the time of printing, but we are not responsible if there are any errors or missing information. If the document becomes out of date, we do not have to replace it. We are not responsible for any direct or indirect loss or damage arising in connection with, or as a result of, any person acting on any information provided in this document.
Please do not reproduce or share any of the information in this document without our written permission.
Unlike traditional deposits, Structured Deposits have an investment element and returns may vary. The initial investment amount of a Structured Deposit will be returned to you only if you hold it until maturity date. Early withdrawal of Structured Deposits may result in you receiving significantly less than your initial investment amount. You further understand that you will bear any costs and charges associated with such early withdrawal of the Structured Deposits. OCBC Bank may have the right to terminate the Structured Deposits and return an amount in cash to you from the due settlement of the Structured Deposits before the maturity date. You may be exposed to inherent exchange rate risks and exchange controls when you place a Structured Deposit.
Structured Deposits are not insured deposits for the purposes of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore. You may wish to seek advice from a licensed of an exempt financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.
The proposed transaction(s) herein (if any) is/are subject to the final expression of the terms set forth in the definitive agreement(s) and/or confirmation(s). No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.