OCBC 360 Account users should have been notified of a change that is kicking in from 2 May 2020.
Over the week, Singaporeans are receiving news that their savings accounts are all making changes to the way they calculate the interest rate. With falling interest rates all around the world, changes as such are inevitable and we can only mentally brace ourselves for it.
TL;DR: Changes to OCBC 360 From 2 May 2020 Revision of Interest Rates for OCBC 360 from 2 May 2020 RequirementsBefore 2 May 2020From 2 May 2020Changes Salary Bonus
First $35,000: 1.2% p.a.
(At least $2,000 through GIRO)First $35,000: 1.2% p.a.
(At least $1,800 through GIRO)No Change
(Salary requirement reduces by $200) Next $35,000: 2.0% p.a....
