Citing lower interest rate expectations, OCBC is revising interest rates for the 360 Account on 1 August 2025. This follows its last rate drop just a few months ago which took effect 1st May 2025.
Thanks i.am.somewhere for highlighting
Effective rate drops to 2.45% p.a. for S$100,000
| Current (p.a.) First S$75,000 / Next S$25,000 |
New (p.a.) First S$75,000 / Next S$25,000 |
|
| Base Interest | 0.05% | 0.05% |
| Salary | 1.60% / 3.20% | 1.20% / 2.40% |
| Save | 0.60% / 1.20% | 0.40% / 0.80% |
| Spend | 0.50% | 0.40% |
| Max Possible | 3.30% | 2.45% |
Without investment or insurance products, the maximum effective interest rate possible will be 2.45% p.a.
Invest, Insure, and Grow categories largely unchanged
| Current (p.a.) First S$75,000 / Next S$25,000 |
New (p.a.) First S$75,000 / Next S$25,000 |
|
| Insure | 1.20% / 2.40% | 1.20% / 2.40% |
| Invest | 1.20% / 2.40% | 1.20% / 2.40% |
| Grow | 2.20% p.a. | 2.00% |
The rates for bonus categories Insure, Invest, and Grow are largely unchanged, with the first two categories maintaining the current rates and Grow dropping to 2.00% p.a.
I’ve always warned people to do their due diligence before buying any financial product from banks, and this still holds true. You often end up paying more in fees than the bonus interest you will receive….
