Accounts - 360 Account - General

Frequently asked questions
  • 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
    • 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 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:

    • Earn up to 1.2% a year for crediting your salary of at least S$1,800 through GIRO and/or
    • Earn up to 0.4% a year for increasing your account’s average daily balance by at least S$500 from the previous month and/or
    • 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
    • Earn 0.8% 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$630
    SAVE S$210
    WEALTH S$630
    GROW S$560
    TOTAL S$2,030

    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.

  • How am I able to earn an effective interest rate of 2.15% a year with the 360 Account?

    The effective interest rate of 2.15% a year can be earned on your account balance up to S$70,000, provided you meet the bonus criteria for Salary Credit, Save and Wealth.

  • 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 WEALTH 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 360 Account where he/she is the Primary Account holder. The signing mandate can be either signed singly or joint alternate.

  • Can I use the money in my 360 Account?

    Yes you can. There is no lock-in period for this account. You can withdraw money with a debit card and/or access your money through OCBC Online Banking.