You get 2 types of interest on your account balance every month.
Base interest:
This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.
Bonus interest:
For the SIX types of bonus below, you will earn bonus interest at 3 tiers based on your account balance, up to the first S$100,000:
- Earn up to 4.0% a year for crediting your salary of at least S$1,800 through GIRO/FAST/PayNow via GIRO/PayNow via FAST and/or
- Earn up to 2.4% a year for increasing your account average daily balance by S$500 from the previous month and/or
- Earn up to 0.60% a year for spending at least S$500 on your OCBC 365 Credit Card, OCBC INFINITY Cashback Card, OCBC NXT Credit Card, OCBC 90°N and/or OCBC Rewards Card
- Earn up to 2.4% a year for 12 consecutive months when you purchase an eligible insurance product from OCBC and/or
- Earn up to 2.4% a year for 12 consecutive months when you purchase an eligible investment product from OCBC and/or
- Earn 2.4% a year if your account average daily balance is S$200,000 or more.
For illustration purpose:
Bonus Interest Categories |
Maximum interest earned a year1 |
SALARY |
S$2,500 |
SAVE |
S$1,500 |
SPEND |
S$600 |
INSURE |
S$1,500 |
INVEST |
S$1,500 |
GROW |
S$2,400 |
TOTAL |
S$10,000 |
1 The maximum interest earned is computed based on the effective interest rate of the respective bonus interest categories and the bonus interest balance cap, based on a 365 day calendar year.