Previously, I posted about the OCBC360 account and its interest revision in May 2015
Currently, the account has the following interest components:
If we ignore the “invest” component, most account holders can still earn an interest of 2.2% on the first 60k in the OCBC 360 savings account. In addition to this, you also earn an interest of 1% for any incremental balances.
Starting from April 2016, there will be some changes to the interest components. The changes are as follows:
The most important change is the bonus interest can be earned on the first 70k instead of the current 60k.
Other changes are as follows:
1) Payment component:
The interest has been revised from 0.5% to 0.3%
There is now a minimum of $150 for the 3 bills. Previously there is no minimum total to fulfill. There were account holders who paid 3 …