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OCBC 360 Account and 365 Credit Card: What is my interest and cash back in 2018?
By Derek  •  January 4, 2019
A year has flown by and there are still many comparisons on savings account with the highest interest rates. There is also the never-ending debate between the Cash-Back and Miles camp for credit card spending. OCBC 360 Account is my primary savings account – salary, GIRO and bills. For credit card spending, I am using OCBC 365 for small purchases (< $500) and Citibank PremierMiles for big purchases (> $500). Rather than looking at hypothetical numbers, I am interested to find out my actual interest and cash back in 2018. The numbers may not be accurate as I am calculating it manually but it is sufficient for me.
OCBC 360 Account Average Monthly Balance Interest OCBC 365 Credit Card Average Monthly Spending Credit Card Cash Rebate
2018 $71,564.55 1.76% $868.12 2.30%
  1.76% interest is a reasonable amount and is near to the realistic total as published in Seedly. Although OCBC may not be best in town, I find it troublesome to change my Salary, GIRO payment etc. Hence unless there is a drastic change, I will continue to stick with it. As for credit card spending, once I have fully redeemed my miles, I will switch to Standard Chartered Manhattan card for big purchases.
What savings account and credit card are you using? Feel free to share.
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By Derek
Derek is an investor who follows Peter Lynch style of investing. He prefers to use simple and straight forward information for stock analysis. He started TheFinance.sg with the intention to bring together all bloggers and professionals who are interested or already in the area of Finance and Investing, and to create a community where everyone is free to write and to share their articles, experience and opinions.
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2 Comments

2 responses to “OCBC 360 Account and 365 Credit Card: What is my interest and cash back in 2018?”

  1. Anonymous says:

    1.5

  2. NUKE says:

    Hi, I used to have OCBC 360 but switched to citibank maxigain account. It is a hedge against interest rate increases.

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