The high-interest account everyone in Singapore has an opinion on
OCBC just trimmed the 360’s rates again, and the questions are the same ones you’ve probably typed into Google: what do you actually earn, which criteria are realistic to hit, and is it still worth the effort over UOB One? Here’s the straight read on all three.
| Thing | Details |
|---|---|
| Account type | SGD savings account (not a current account) |
| Realistic max interest | ~2.20% per year on your first S$100,000 (Salary + Save + Spend, during the 1 Aug–31 Dec 2026 promo; ~1.95% from 1 Jan 2027) |
| Absolute max (EIR) | Up to 4.70% per year, but only if you also buy insurance and investment products |
| Bonus cap | First S$100,000 only. Anything above earns the 0.05% base rate |
| To open | S$1,000 initial deposit, age 18+, keep S$3,000 to skip the S$2 fall-below fee (waived in year one) |
| Best for | Singaporeans and PRs who credit a salary and can grow their balance by S$500 every month |
| Spending overseas | It’s a SGD account, not a travel card. Pair it with YouTrip for competitive wholesale rates & zero FX fees |
Interest figures below are OCBC’s published rates as of August 2026. Rates change often. ⚠️ Verify the live rate on ocbc.com before you decide.
Table of Contents
- What the OCBC 360 Account actually is
- Is OCBC 360 a Savings or Current Account?
- How the OCBC 360 Account Works
- OCBC 360 Interest Rates in 2026
- What Happens to Interest Above S$100,000
- Minimum Balance, Fees and the Fine Print
- Is OCBC 360 Better Than UOB One?
- Can OCBC 360 Hold Foreign Currency or Receive USD?
- Pros and Cons of the OCBC 360 Account
- Is OCBC 360 Available for Foreigners?
- Which Credit Card Should You Pair With It?
- How to Open an OCBC 360 Account
- Can OCBC 360 Be a Joint Account?
- How to Close an OCBC 360 Account
- FAQs
What the OCBC 360 Account Actually Is
The OCBC 360 is a savings account that pays a tiny base rate on your whole balance, then stacks bonus interest on top when you do certain everyday banking things. Credit your salary, grow your balance, spend on an OCBC card, and each action adds its own slice of interest.
The catch is that the bonus only applies to your first S$100,000, and the rates are tiered. You earn a lower rate on the first S$75,000 and a higher one on the next S$25,000. That structure matters, and we’ll show you exactly what it means in dollars further down.
Think of it as a savings account that rewards you for making OCBC your main bank, rather than a place to passively park cash and forget about it.
Is OCBC 360 a Savings or Current Account?
It’s a savings account. You earn interest on your balance, there’s no cheque book, and there’s no lock-in period, so you can withdraw your money whenever you want.
People ask this because “360” sounds like a product tier rather than an account type, and because OCBC also runs current accounts with similar naming. For the record: the 360 pays interest; a current account doesn’t. If your goal is to earn something on idle cash, the savings account is the one you want.
How the OCBC 360 Account Works
You earn a 0.05% base rate on your entire balance just for holding the account. Everything above that is bonus interest, unlocked by hitting one or more of six categories each month. They stack, so the more you hit, the more you earn, up to your first S$100,000.
Most people realistically chase three of them: Salary, Save and Spend. Take each in turn.
Salary: Credit at least S$1,800 a month
Credit a minimum of S$1,800 in salary into the account via GIRO, FAST or PayNow, and you unlock the biggest bonus category. It has to be an actual salary credit routed the right way, not a random transfer you send yourself.
Save: Grow your balance by S$500 every month
This is the one people trip on. To earn the Save bonus, your average daily balance has to be at least S$500 higher than last month’s. Not a one-time top-up. A fresh S$500 increase, month after month.
A common tip from Singapore finance creators is to move a little more than S$500, say S$510, to give yourself a buffer against day-to-day movements. The failure mode is just as common: draw down your balance for a big-ticket buy, a holiday, furniture, a new laptop, and you miss the Save bonus that month.
Spend: Charge S$500 to an eligible OCBC card
Spend at least S$500 a month on an eligible OCBC credit card and you earn the Spend bonus. This is a local-spend job, and it’s where a lot of readers overthink things. You don’t need to spend overseas to qualify, and you probably shouldn’t (more on that below).
Insure and Invest
Buy an eligible insurance or investment product from OCBC and each unlocks a chunky bonus. On paper these push your rate the highest. In practice, most personal finance commentators in Singapore treat them as the categories to skip. The reason: bank-sold insurance and funds often carry sales charges and lock-ins that eat the extra interest you’d earn.
That’s a common view, not financial advice. If you were buying the product anyway and the numbers work for you, the bonus is a nice bonus. Just don’t buy a policy purely to chase a savings rate.
There’s also a sixth category, Grow, which pays a flat bonus if your average daily balance stays at or above S$250,000. Good to know if you’re sitting on that kind of cash, though most people aren’t.
📖 Related Guide: Not sure which OCBC card to put that S$500 Spend on? Our best Singapore credit card guide breaks down the cashback and miles options.
OCBC 360 Interest Rates in 2026
This is the full bonus table as OCBC publishes it, on the first S$100,000. Note the tiering: most categories pay more on the next S$25,000 than on the first S$75,000.
| Category | What you do | First S$75,000 | Next S$25,000 |
|---|---|---|---|
| Base | Just hold the account | 0.05% | 0.05% |
| Salary | Credit ≥ S$1,800/month | 1.00% | 2.00% |
| Save | Grow balance by ≥ S$500/month | 0.50%* | 1.10%* |
| Spend | Charge ≥ S$500 to an OCBC card | 0.25% | 0.25% |
| Insure | Buy an eligible insurance product | 1.00% | 2.00% |
| Invest | Buy an eligible investment product | 1.00% | 2.00% |
| Grow | Keep balance ≥ S$250,000 | 1.20% | 1.20% |
*Save rates shown are the promotional rates for 1 Aug–31 Dec 2026. From 1 Jan 2027, the Save bonus reverts to 0.40% on both tiers. ⚠️ Confirm current rates on ocbc.com.
Nobody quotes a single headline rate for the 360, because your real rate depends on how much you hold and which categories you hit. So this is what it works out to for the realistic Salary + Save + Spend combo, during the current promo.
What you actually earn at each balance
| Your balance | Effective rate | Interest per year |
|---|---|---|
| S$50,000 | 1.80% | ~S$900 |
| S$75,000 | 1.80% | ~S$1,350 |
| S$100,000 | 2.20% | ~S$2,200 |
| S$150,000 | 1.48% | ~S$2,225 |
These are blended rates across the tiers, not a flat rate on every dollar. Assumes you hit Salary, Save and Spend every month, no insurance or investment products, during the 1 Aug–31 Dec 2026 promo. From January 2027, the S$100,000 figure drops to about 1.95% (~S$1,950/year).
Two things jump out. The account rewards you most right at S$100,000, and past that the effective rate falls off a cliff. If you throw in the insurance and investment categories, OCBC quotes an effective rate of up to 4.70% per year, but that’s the number that requires you to buy the products most people are advised to skip.
What Happens to Interest Above S$100,000
Above S$100,000, your extra balance earns only the 0.05% base rate, unless you hold S$250,000 or more and qualify for the Grow bonus. The bonus categories simply stop counting past the first S$100,000.
That’s why the effective rate on a S$150,000 balance in the table above is lower than on S$100,000. You’re earning the good rate on the first S$100,000 and almost nothing on the last S$50,000.
If you’re sitting well above S$100,000 in cash, the 360 stops being the obvious home for the overflow. An account that pays across a bigger balance starts to look better.
📖 Related Guide: Got more than S$100,000 to park? Our roundup of the best savings accounts in Singapore compares where your cash earns the most.
Minimum Balance, Fees and the Fine Print
You need S$1,000 to open the account. After that, keep an average daily balance of at least S$3,000 to avoid the S$2 monthly fall-below fee, which OCBC waives for the first year. There’s no annual fee. The S$2 fall-below is the only charge to plan around.
A few other things worth knowing before you sign up:
- No lock-in. You can withdraw your money any time. It’s a savings account, not a fixed deposit.
- SDIC coverage. Like other Singapore bank deposits, your money is insured up to S$100,000 by the Singapore Deposit Insurance Corporation.
- One primary account per person. You can only hold one 360 Account as the main account holder.
- The S$2 fee is small. After year one it’s easy to avoid if you’re anywhere near the balances that make this account worth having.
Is OCBC 360 Better Than UOB One?
It depends on your balance and how much effort you want to put in. Below S$100,000, OCBC 360 usually pays more if you hit all three criteria. Around S$150,000, UOB One tends to win because it pays its bonus across a bigger balance.
The two accounts are built differently. OCBC 360 caps its bonus at the first S$100,000 and asks you to grow your balance by S$500 every month. UOB One pays across the first S$150,000 and only asks for salary credit plus card spend, with no monthly-increase rule to track.
| OCBC 360 | UOB One | |
|---|---|---|
| Bonus balance cap | First S$100,000 | First S$150,000 |
| Main criteria | Salary + Save + Spend | Salary + Spend |
| The tricky bit | Balance must rise S$500/month | None to track |
| Wins when | You’re at or below S$100,000 | You’re around S$150,000 |
The real difference isn’t the headline rate, which lands close either way. It’s the effort. OCBC’s Save rule means you have to watch your balance every month, and one big withdrawal can cost you the bonus. UOB One lets you park a lump sum and forget it. If you want the simpler life, that matters more than a fraction of a percent.
Other accounts you’ve probably seen mentioned include the DBS Multiplier, Standard Chartered Bonus$aver, Bank of China Smart Saver, Chocolate Finance and MariBank Savings Account, each with its own criteria and quirks. They’re worth a look, but the OCBC-versus-UOB question is the one most Singaporeans are actually weighing.
📖 Related Guide: Weighing the two head to head? Our UOB One Account review breaks down its rates, criteria and who it suits.
Can OCBC 360 Hold Foreign Currency or Receive USD?
No. The OCBC 360 is a Singapore dollar account. It doesn’t hold foreign currency, and it isn’t designed to receive or spend USD, EUR or anything else.
Your money is really doing two different jobs, and it helps to keep them separate. One job is your idle SGD cash sitting at home, earning interest. That’s what the 360 is for.
The other job is the money you actually spend and withdraw when you travel, and a SGD savings account is the wrong tool for that. Spend directly from it overseas, and you’re at the mercy of whatever foreign-transaction fee and exchange rate sit behind your linked card.
That second job is where a multi-currency travel card comes in, and where YouTrip fits. YouTrip holds 12 currencies (SGD, MYR, THB, JPY, NZD, USD, EUR, GBP, AUD, CHF, SEK and HKD) at the wholesale exchange rate, the same rate banks use between themselves, with no foreign-transaction fee.
Your first S$400 of overseas ATM withdrawals each month is free, then it’s a flat 2% after that. Tap it anywhere Mastercard is accepted, and your SGD converts at wholesale, with no markup baked in.
Keep your emergency fund earning interest in the 360, and use YouTrip for the spending your savings account was never built to handle. For the full field, our best multi-currency card guide compares the main options side by side.
Pros and Cons of the OCBC 360 Account
Where the 360 helps, and where it gets annoying.
Pros
- Among the higher effective rates for salaried earners at or below S$100,000
- Six bonus categories, so there’s more than one way to earn
- Low S$1,000 to open, and no lock-in on your money
- SDIC-insured up to S$100,000
Cons
- The Save bonus needs a fresh S$500 increase every single month
- Bonus caps at S$100,000, so big balances earn little on the excess
- Rates have been cut several times, so today’s number may not hold
- The top rates lean on buying insurance or investment products
Is OCBC 360 Available for Foreigners?
Yes, foreigners can open an OCBC 360 Account, though how you do it depends on your nationality and pass.
Singaporeans and PRs with a Singpass can open the account instantly in the OCBC app. OCBC also lets some foreign nationals start online, currently those holding an e-passport from Hong Kong, Malaysia, Indonesia or mainland China. Everyone else generally opens the account at a branch.
You’ll typically need your passport, your valid pass (such as an Employment Pass, S Pass or Student Pass) and proof of address. Requirements vary, so check OCBC’s current list before you go.
Which Credit Card Should You Pair With It?
To hit the S$500 Spend criterion, you need an eligible OCBC credit card. For cashback, the OCBC 365 and OCBC Infinity are the usual picks. For miles, OCBC’s rewards cards are the ones people pair with the 360. Any of them clears the S$500 if you route your normal monthly spending through it.
One thing worth getting right: the Spend criterion is a local-spend job. If you try to hit it by spending overseas on an OCBC card, you’ll usually pay a foreign-transaction fee of around 3.25% on top, which quietly wipes out the reward you were chasing. So keep the S$500 criterion spend local, and use a no-FX-fee card abroad.
TL;DR: Your OCBC card earns you the Spend bonus at home; YouTrip handles the overseas taps without the 3.25% markup. If you’re weighing travel cards, our Wise vs YouTrip guide and the Revolut vs YouTrip comparison both walk through the fees that matter overseas.
📖 Related Guide: Want to squeeze the best rate out of every overseas dollar? Our guide to the best exchange rate in Singapore covers the traps to avoid.
How to Open an OCBC 360 Account
If you’re a Singaporean or PR with Singpass, opening the account takes minutes in the OCBC app.
- Step 1: Download the OCBC app and log in, or verify with Singpass if you’re new to OCBC.
- Step 2: Select the 360 Account and confirm your details.
- Step 3: Fund the account with the S$1,000 initial deposit.
- Step 4: Set up your salary credit and card spend so you start hitting the bonus categories from your first full month.
Your account is ready to use the moment it’s opened in the app. Your OCBC debit card is mailed to your registered address, and you activate it in the OCBC app before first use. Foreigners generally open the account at a branch, as covered above.
Can OCBC 360 Be a Joint Account?
Yes, the 360 can be held as a joint account, but you can only be the primary holder on one 360 Account. The signing arrangement can be set as single or joint-alternate, meaning either holder can operate the account on their own.
Note: If you open a joint account and later want to close it, both holders usually need to be involved. Worth knowing before you set it up with a partner.
How to Close an OCBC 360 Account
Closing the 360 is usually done with an account closure form, and often at a branch rather than in the app. For a joint account, all holders typically need to be involved. Check OCBC’s current process before you go, since it can change.
Time it carefully. Bonus interest lands a few business days into the following month, so if you close before it’s credited, you can lose that month’s bonus. If you’ve been hitting the criteria, wait until the interest is in before you close.
Redirect any GIRO arrangements and salary credit to your new account first, so nothing bounces. Closure is permanent, so make sure everything’s moved across before you pull the trigger.
FAQs
For salaried Singaporeans and PRs holding up to S$100,000 who can grow their balance each month, it’s one of the stronger high-interest savings accounts around. If you can’t reliably hit the Save criterion, or you hold well above S$100,000, the effective rate drops and a simpler account may serve you better.
Just the 0.05% base rate. The bonus categories only count on your first S$100,000, so anything above that earns almost nothing, unless you hold S$250,000 or more and qualify for the Grow bonus.
Yes. You get an OCBC debit card with the account, which works as your ATM and payment card. It’s mailed to your registered address, and you activate it in the OCBC app before first use. There’s no annual fee on the account itself.
You need S$1,000 to open it, and an average daily balance of S$3,000 to avoid the S$2 monthly fall-below fee. That fee is waived for your first year.
No. It’s a Singapore dollar savings account. For holding and spending foreign currency, you’d use a multi-currency travel card like YouTrip, which holds 12 currencies at the wholesale rate with no foreign-transaction fee. Keep the two jobs separate: savings at home, spending abroad.
Complete an account closure form, usually at a branch. Wait until your monthly bonus interest is credited before closing, or you’ll forfeit it, and move any GIRO or salary arrangements to your new account first.
Yes. Singaporeans and PRs can open it in the app with Singpass, and OCBC lets some foreign nationals (currently those with an e-passport from Hong Kong, Malaysia, Indonesia or mainland China) start online too. Everyone else generally opens it at a branch with their passport, valid pass and proof of address. Requirements vary, so confirm with OCBC.
The Bottom Line on the OCBC 360 Account
The OCBC 360 is still a solid home for your SGD savings if you’re salaried, sit at or below S$100,000, and don’t mind babysitting the S$500 monthly increase. Just know exactly which criteria you’ll hit before you sign up, because the headline rate and your real rate can be very different numbers.
And remember what it can’t do. It’s a savings account, not a travel card, so it earns interest at home but does nothing for you overseas. That’s YouTrip’s job: hold 12 currencies at the wholesale rate, skip the foreign-transaction fees, and get your first S$400 of overseas ATM withdrawals free each month, then 2% after.
For getting cash abroad, our Malaysia ATM guide and Japan ATM guide show how the free allowance plays out on a real trip, and the SGD to MYR rate guide covers getting more for your money on a JB run.
Not a YouTrooper yet? YouTrip is Singapore’s go-to multi-currency wallet, with wholesale exchange rates, zero foreign-transaction fees, and your first S$400 of overseas ATM withdrawals free each month. Get a free YouTrip card plus S$5 in YouTrip credits with code YTBLOG5.
Then head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. Join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more!
