Both of which I have none, and don’t believe in getting at the moment. I would have to purchase $40k of unit trusts/structured deposits OR pay $8k of annual endowment premiums to get the last 1% interest. the old $400) for lesser interest (0.5% vs. More spending on my OCBC credit cards ($500 vs. 0.5% interest for paying 3 bills (used to be 1%)Ģ. When OCBC announced that their new revisions had just made their account “better”, it riled me for the following reasons:ġ. Not surprising, as it is hard to maintain such a good offer: However, OCBC changed their terms earlier this year. It gave me enough cushion against the impact of inflation. But first let me explain why I kept my money in OCBC for so long:Īt up to 3.05% interest that was easily earned, I was happily getting 2-digit payouts every month, which was good enough for me given that some finance bloggers here earn the same percentage returns on their investments. I’ve just found an even better alternative and will be transferring my funds there at the end of this month. It is no secret that their 360 account provides the HIGHEST interest rates among all the other banks’ savings account offerings in Singapore.

They have fewer ATMs compared to DBS / POSB, which would give me less temptations to withdraw my cash.Ģ. I shared that previously, I used OCBC 360 Savings Account based on 2 factors:ġ.

Many friends and readers have asked me which bank they should open their savings account with. Remember my #1 tip on growing your savings? A few weeks ago, I’ve started seeing this ad all over the MRT stations and newspapers and it got me curious.

Ocbc fixed deposit rate 2022