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.

Links to the Current OCBC 360 account and the Updated OCBC 360 can be found here.

Below is the summarised version of the reduction.

  1. Payment section from 0.5% to 03% with a total of >$150 from >/= 3 bills
  2. Spend section from 0.5% to 0.3%
  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.