Singing success 360 testimonials11/6/2022 Benefit #6: Encourages you to grow your wealth With more than 15 policies across 3 categories and 2 premium types, you should find one that covers the gaps in your current portfolio. If you were already planning to insure yourself, purchase a policy via OCBC and score a bonus interest rate of up to 1.2% p.a. Benefit #5: Bonus interest for insuring yourself in interest each month just by maintaining an average daily balance of at least $200,000 in the account. If you have more than $200,000 in savings, you can consider parking this cash in the OCBC 360 account. Benefit #4: Perks to store cash in the account This helps you to forge a good savings habit. By increasing your average daily balance by at least $500 from the previous month, you can get up to 0.4% p.a. With ‘Save’ as a category for you to earn higher interest, you are encouraged to continuously save up each month. The minimum salary crediting requirement of $1,800 is lower than the $2,000 required by most savings accounts, making it more attainable for those that earn less. Benefit #2: Low income requirement of $1,800 each monthĬredit your monthly salary of at least $1,800 into the OCBC 360 Account and earn 0.3% p.a. However, with the OCBC 360, you can earn interest without having to make the effort to spend on your credit card. Some of these even impose a minimum credit card spend amount. Many high-yield savings accounts require you to spend on your credit card in order to earn higher interest rates. Benefit #1: Does not require you to spend on a credit card The OCBC 360 account rewards you for good financial habits, such as increasing your savings, insuring, or investing in products to grow your wealth. It is also one of the few high-yield savings accounts that grant a bonus interest rate if you maintain at least $200,000 in your account balance. Why should you choose the OCBC 360 Account? annual premium for insurance from $2,000 and $20,000 for unit trusts)Ĭlosing the account before the bonus interest crediting date will see the bonus interest for the previous month forfeited Insurance or investment products require a minimum qualifying amount to be eligible for the bonus interest (e.g. Insure or invest bonus interest of up to 1.2% per annum Requires tracking of multiple bonus categories on a monthly basis No minimum credit card spend required to earn bonus interestĮarn bonus interest for on the first $75,000 of your account balance
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