{"id":91929,"date":"2026-08-03T17:03:11","date_gmt":"2026-08-03T09:03:11","guid":{"rendered":"https:\/\/www.you.co\/sg\/?p=91929"},"modified":"2026-08-03T17:03:11","modified_gmt":"2026-08-03T09:03:11","slug":"ocbc-360-account","status":"publish","type":"post","link":"https:\/\/www.you.co\/sg\/blog\/ocbc-360-account\/","title":{"rendered":"OCBC 360 Account Review 2026: Rates & Who It’s For"},"content":{"rendered":"\n

The high-interest account everyone in Singapore has an opinion on<\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n

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.<\/p>\n\n\n\n

<\/div>\n\n\n\n
Thing<\/strong><\/th>Details<\/strong><\/th><\/tr><\/thead>
Account type<\/td>SGD savings account (not a current account)<\/td><\/tr>
Realistic max interest<\/td>~2.20% per year on your first S$100,000 (Salary + Save + Spend, during the 1 Aug\u201331 Dec 2026 promo; ~1.95% from 1 Jan 2027)<\/td><\/tr>
Absolute max (EIR)<\/td>Up to 4.70% per year, but only if you also buy insurance and investment products<\/td><\/tr>
Bonus cap<\/td>First S$100,000 only. Anything above earns the 0.05% base rate<\/td><\/tr>
To open<\/td>S$1,000 initial deposit, age 18+, keep S$3,000 to skip the S$2 fall-below fee (waived in year one)<\/td><\/tr>
Best for<\/td>Singaporeans and PRs who credit a salary and can grow their balance by S$500 every month<\/td><\/tr>
Spending overseas<\/td>It’s a SGD account, not a travel card. Pair it with YouTrip for competitive wholesale rates & zero FX fees<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Interest figures below are OCBC’s published rates as of August 2026. Rates change often. \u26a0\ufe0f Verify the live rate on ocbc.com before you decide.<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

Table of Contents<\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n
    \n
  1. What the OCBC 360 Account actually is<\/strong><\/a><\/li>\n\n\n\n
  2. Is OCBC 360 a Savings or Current Account?<\/strong><\/a><\/li>\n\n\n\n
  3. How the OCBC 360 Account Works<\/strong><\/a><\/li>\n\n\n\n
  4. OCBC 360 Interest Rates in 2026<\/strong><\/a><\/li>\n\n\n\n
  5. What Happens to Interest Above S$100,000<\/strong><\/a><\/li>\n\n\n\n
  6. Minimum Balance, Fees and the Fine Print<\/strong><\/a><\/li>\n\n\n\n
  7. Is OCBC 360 Better Than UOB One?<\/strong><\/a><\/li>\n\n\n\n
  8. Can OCBC 360 Hold Foreign Currency or Receive USD?<\/strong><\/a><\/li>\n\n\n\n
  9. Pros and Cons of the OCBC 360 Account<\/strong><\/a><\/li>\n\n\n\n
  10. Is OCBC 360 Available for Foreigners?<\/strong><\/a><\/li>\n\n\n\n
  11. Which Credit Card Should You Pair With It?<\/strong><\/a><\/li>\n\n\n\n
  12. How to Open an OCBC 360 Account<\/strong><\/a><\/li>\n\n\n\n
  13. Can OCBC 360 Be a Joint Account?<\/strong><\/a><\/li>\n\n\n\n
  14. How to Close an OCBC 360 Account<\/strong><\/a><\/li>\n\n\n\n
  15. FAQs<\/strong><\/a><\/li>\n<\/ol>\n\n\n\n
    <\/div>\n\n\n\n

    What the OCBC 360 Account Actually Is<\/strong><\/h2>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Is OCBC 360 a Savings or Current Account?<\/strong><\/h2>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    How the OCBC 360 Account Works<\/strong><\/h2>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Most people realistically chase three of them: Salary, Save and Spend. Take each in turn.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Salary: Credit at least S$1,800 a month<\/strong><\/h3>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Save: Grow your balance by S$500 every month<\/strong><\/h3>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Spend: Charge S$500 to an eligible OCBC card<\/strong><\/h3>\n\n\n\n
    <\/div>\n\n\n\n

    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).<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Insure and Invest <\/strong><\/h3>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    \ud83d\udcd6 Related Guide: Not sure which OCBC card to put that S$500 Spend on? Our best Singapore credit card guide<\/a><\/strong> breaks down the cashback and miles options.<\/em><\/p>\n\n\n\n

    <\/div>\n\n\n\n

    OCBC 360 Interest Rates in 2026<\/strong><\/h2>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n
    Category<\/strong><\/th>What you do<\/strong><\/th>First S$75,000<\/strong><\/th>Next S$25,000<\/strong><\/th><\/tr><\/thead>
    Base<\/td>Just hold the account<\/td>0.05%<\/td>0.05%<\/td><\/tr>
    Salary<\/td>Credit \u2265 S$1,800\/month<\/td>1.00%<\/td>2.00%<\/td><\/tr>
    Save<\/td>Grow balance by \u2265 S$500\/month<\/td>0.50%*<\/td>1.10%*<\/td><\/tr>
    Spend<\/td>Charge \u2265 S$500 to an OCBC card<\/td>0.25%<\/td>0.25%<\/td><\/tr>
    Insure<\/td>Buy an eligible insurance product<\/td>1.00%<\/td>2.00%<\/td><\/tr>
    Invest<\/td>Buy an eligible investment product<\/td>1.00%<\/td>2.00%<\/td><\/tr>
    Grow<\/td>Keep balance \u2265 S$250,000<\/td>1.20%<\/td>1.20%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    <\/div>\n\n\n\n

    *Save rates shown are the promotional rates for 1 Aug\u201331 Dec 2026. From 1 Jan 2027, the Save bonus reverts to 0.40% on both tiers. \u26a0\ufe0f Confirm current rates on ocbc.com.<\/em><\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    What you actually earn at each balance<\/strong><\/h3>\n\n\n\n
    <\/div>\n\n\n\n
    Your balance<\/strong><\/th>Effective rate<\/strong><\/th>Interest per year<\/strong><\/th><\/tr><\/thead>
    S$50,000<\/td>1.80%<\/td>~S$900<\/td><\/tr>
    S$75,000<\/td>1.80%<\/td>~S$1,350<\/td><\/tr>
    S$100,000<\/td>2.20%<\/td>~S$2,200<\/td><\/tr>
    S$150,000<\/td>1.48%<\/td>~S$2,225<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    <\/div>\n\n\n\n

    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\u201331 Dec 2026 promo. From January 2027, the S$100,000 figure drops to about 1.95% (~S$1,950\/year).<\/em><\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    What Happens to Interest Above S$100,000<\/strong><\/h2>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    \ud83d\udcd6 Related Guide: Got more than S$100,000 to park? Our\u00a0roundup of the best savings accounts in Singapore<\/strong><\/a>\u00a0compares where your cash earns the most.<\/em><\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Minimum Balance, Fees and the Fine Print<\/strong><\/h2>\n\n\n\n
    <\/div>\n\n\n\n

    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.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    A few other things worth knowing before you sign up:<\/p>\n\n\n\n

    <\/div>\n\n\n\n