I received an SMS from OCBC about the new updates to the OCBC 360 account and after a couple of clicks, I was greeted with this: Basically, OCBC 360 has regressed from an amazing product three years ago to a good product two years ago and is now just an ok product at best. This is reflected by the many (somewhat vitriolic) blog posts about this change during the past 24 hours. Although I am definitely disappointed by the reduction in the interest rates for the payment and spend part, here’s why I am taking quite a different position from most other financial bloggers and remaining on OCBC 360. Convenience/Lock-In If you are an OCBC shareholder, you should laud what the management is doing. Paying less interest on existing deposits. Obviously, some people will switch their funds around in search of the highest interest rates. But I believe most will ......