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
    • Charge at least S$500 to your OCBC 365, OCBC 90°N or OCBC Titanium Rewards Credit 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 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 0.6% a year for spending at least S$500 on your OCBC 365, OCBC 90°N, OCBC Titanium Rewards or OCBC Cashflo Credit Card and/or
    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.

    Please refer to the calculator to find out more.

  • How am I able to earn an effective interest rate of 7.65% a year with the 360 Account?

    The effective interest rate of 7.65% a year can be earned on your account balance up to S$100,000, provided you meet the bonus criteria for Salary Credit, Save, Spend, Insure and Invest.

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

    Your bonus interest will be reflected in the transaction history of your e-statement, Online Banking and OCBC Digital app as follow:

    • 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 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.