Help And Support

Accounts - 360 Account - Wealth Bonus

Frequently Asked Questions
  • How do I qualify for the Wealth Bonus interest?

    You need to purchase any eligible financial product of at least the minimum amount through OCBC Bank to earn up to 1.2% a year. Purchases of the same financial product will be aggregated, if their effective date post free look/cancellation period or 14 days, whichever is longer, falls in the same calendar month.

    For illustration purpose:

    Table below shows a customer who purchases an eligible financial product in November 2018, with S$35,000 account balance in November and S$70,000 from December to October 2019.

    Month Account balance Wealth Bonus Interest (% a year)
    November S$35,000 0.6%
    December S$70,000 0.6% on the first S$35,000 and 1.2% on the next S$35,000
    January
    February
    March
    April
    May
    June
    July
    August
    September
    October

    Note: To ensure that the product you purchase meets your financial needs, our financial consultants will perform a Financial Needs Analysis (FNA) with you in order to help you make an informed decision.

  • When will I receive the wealth bonus?

    You will receive the wealth bonus for 12 consecutive months after the effective date of purchase post free-look period or 14 days, whichever is later. Effective date refers to the inception date of the insurance product, trade date of unit trust, deposit start date of structured deposit and transaction date of other relevant investment products.

    For example:

    Effective date Effective date post free look period or 14 days First month of wealth bonus
    1 November 15 November November (Interest will be credited in December)
    20 November 4 December December (Interest will be credited in January)

    Unit trusts or structured deposits investments that are subsequently cancelled will not be considered towards the minimum qualifying amount within the relevant calendar month.

  • What happens if I subsequently purchase another eligible wealth product before the completion of my current 12-month bonus period?

    The wealth bonus earned on your 360 Account will be extended for another 12 consecutive months after the effective date of (your most recent) purchase post free-look period or 14 days, whichever is later.

  • Do I continue to get this bonus interest if I sell my investments or when they mature?

    Yes. You will continue to get this bonus interest.

  • How can I pay for the eligible financial products?

    There are many ways to pay for insurance or investment products:

    • Insurance: Cash, cheque or credit card (except for PrimeGold Bonus 2 which also can be purchased using funds from your SRS account (any agent bank)
    • Structured Deposits: Funds from your OCBC deposit account or SRS account (any agent bank)
    • Unit Trusts: Funds from your OCBC deposit account, or CPF/SRS account (any agent bank) for applicable funds
    • Bonds, Equity-Linked Convertible Investments, Reverse Equity-Linked Convertible Investments, Structured Investments and Structured Notes: Funds from your OCBC deposit account
  • Where can I find more information on the eligible products?

    For insurance:

    • Regular & Single Premium Endowment Insurance Plans, please click here.
    • MaxRetirement, please click here.
    • Regular Premium Protection Plans, please click here.
    • Universal Life Plans & PremierLife Legacy, please contact your Premier Banking Relationship Manager.

    For investments:

    • Unit Trusts, please click here.
    • Structured Deposits, please click here or visit any OCBC Bank branch.
    • Bonds, Equity-Linked Convertible Investments, Reverse Equity-Linked Convertible Investments, Structured Investments and Structured Notes, please contact your Premier Banking Relationship Manager.

    Alternatively, please leave your contact details here and we will get in touch with you.

  • What financial products are excluded from this bonus?

    These are examples of financial products that do not qualify for this bonus:

    • Cash Equities
    • Dual Currency Returns
    • Financing Facility
    • Foreign Exchange (FX)
    • OCBC Blue Chip Investment Plan
    • OCBC RoboInvest
    • Singapore Savings Bond