So today marks the first day of March. The moment I woke up and looked at my phone, I saw a message indicating that OCBC is updating its interest rates from 1st Apr 17. So I went to the web immediately to take a look at it and found that it is reducing/increasing interest rates for 4 /5 components.
Below is the summarised version of the reduction.
- Payment section from 0.5% to 03% with a total of >$150 from >/= 3 bills
- Spend section from 0.5% to 0.3%
- Save section from 1% on incremental balance to 1% if your balance is >$200K (this is not technically a reduction but to me, it is a reduction compared to its previous deal)
Below is the summarised version of the increase.