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DEPOSIT ACCOUNT

OCBC 360 Account

Fast tracking your career? Don't forget your savings! Get an account that earns a higher interest when you credit your salary, insure or invest and more.

  • 18 years old and above

  • Singaporeans, Permanent Residents, Foreigners with valid passes

  • S$1,000 initial deposit 
APPLY NOW

Your new everyday account

Perfect for executives

Breaking into the real world? Get an account that maximises your interest when you credit your salary, save and more.

  • Up to 2.55% a year for crediting salary
  • S$1,800 min. monthly salary credit
  • Earn bonus interest when you save, invest and insure
Apply now

Up to 2.55% a year
for salary credit

Credit a salary of at least S$1,800 and earn up to 2.55% a year

instant sign-up

Get your account right away when you apply online

Save for the things you want

Set Savings Goals to automatically put money aside each month. Save for that home renovation or next vacay

Learn more

How it works

Here's how to earn bonus interest

Get bonus interest (% a year) across any or all of these categories on the first S$100,000 of your account balance. Hit more categories for higher interest!

First S$75,000

Next S$25,000

UPDATESalary
First
S$75,000

2.00%

First
S$75,000

2.00%

next S$25,000

4.00%

Credit your salary of at least S$1,800 through GIRO/FAST/PayNow via GIRO/PayNow via FAST

Save
First
S$75,000

1.20%

First
S$75,000

1.20%

next S$25,000

2.40%

Increase your average daily balance by at least S$500 monthly

Spend

0.60%

Charge at least S$500 to your OCBC 365, OCBC INFINITY, OCBC NXT, OCBC 90°N or OCBC Rewards Card

Insure
First
S$75,000

1.20%

First
S$75,000

1.20%

next S$25,000

2.40%

Purchase an eligible insurance product from OCBC

Invest
First
S$75,000

1.20%

First
S$75,000

1.20%

next S$25,000

2.40%

Purchase an eligible investment product from OCBC

GROW

2.40%

a year

Maintain an average daily balance of at least S$200,000

0.05%

a year

Earn this base interest on your entire account balance

Interest calculator

See how much interest you can earn

    • Account balance

      S$

    • Salary of at least S$1,800

    • Purchased an eligible insure product

    • Purchased an eligible invest product

    • I spend at least S$500 on my OCBC 365, OCBC INFINITY, OCBC NXT, OCBC 90°N or OCBC Rewards Card

    • Increase in account balance per month

      S$
Interest earned

S$0

a month

See breakdown
  • Salary bonus S$0
  • Save bonus S$0
  • Insure bonus S$0
  • Invest bonus S$0
  • Grow bonus S$0
  • Spend bonus S$0
  • Base interest S$0

If the account is successfully opened in June 2024, the double bonus interest rate will be applicable for July and August 2024.

360 ACCOUNT OPENING PROMOTION

Apply for a 360 Account and fulfill these categories to enjoy double bonus interest rate on the first S$75,000 balances for the first 2 months after the month of account opening.

Valid from 1 September to 30 September 2024. Terms and conditions apply. Insured up to S$100K by SDIC.

ORIGINAL INTEREST RATE A YEAR
FOR THE FIRST S$75,000
PROMOTIONAL INTEREST RATE A YEAR
FOR THE FIRST S$75,000
Salary bonus
 2.00% 4.00%
Spend bonus
 0.60% 1.20%
Before you apply

  • Eligibility

    Min. age

    18 years old

    Nationality

    Singaporean / Singapore PR / Foreigners with a valid Employment pass, S-Pass or Student Pass

  • FEES & CHARGES

    Initial deposit

    S$1,000

    Fall below fee

    S$2

    Automatic fall below fee waiver

    Minimum average daily balance of S$3,000

    Others

    See all fees & charges

  • what to prepare

    Singaporeans or Singapore PR

    NRIC and an image of your signature
    If new OCBC customer and mailing in application

    Foreigners

    Passport with 6 months' validity
    Employment Pass, Special Pass or Student Pass
    If new OCBC customer

Get that bonus you deserve

Apply online

or visit us with these documents.

Find a FRANK store

Going further

Make the most of your account

frank credit card
Earn 6% cashback

Get up to S$75 back in your pocket each month when you shop online, pay via contactless mobile payments and spend overseas.

Learn more

Get up to S$75 back in your pocket each month when you shop online, pay via contactless mobile payments and spend overseas.

Learn more
Grow your wealth
Invest without the stress

We'll do the hard work so you can make smart decisions to build your investment portfolio. Plus, you can fund your investments with your account!

Learn more

We'll do the hard work so you can make smart decisions to build your investment portfolio. Plus, you can fund your investments with your account!

Learn more

FAQ

See all FAQ

  • How different is the 360 Account from other savings or current accounts?

    The 360 Account is a deposit account that pays you bonus interest when you do all or any of these:

    • Credit your salary through GIRO/FAST/PayNow via GIRO/PayNow via FAST
    • Save and increase your account balance
    • Charge at least S$500 to your OCBC 365, OCBC INFINITY, OCBC NXT, OCBC 90°N or OCBC Rewards Card
    • Insure with OCBC
    • Invest with OCBC

    The account comes with e-statements and you can choose to have a cheque book.

  • How is the interest calculated?

    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 0.6% a year for spending at least S$500 on your OCBC 365, OCBC INFINITY, OCBC NXT, OCBC 90°N 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.

    Please refer to the calculator find out more.

  • How will I know that the bonus interest is credited to my 360 Account?

    Your bonus interest will be reflected in your e-statement, Online Banking and Mobile Banking transaction history as follows

    • 360 SALARY BONUS
    • 360 SAVE BONUS
    • 360 CC SPEND BONUS
    • 360 INSURE BONUS
    • 360 INVEST BONUS
    • 360 GROW BONUS

    If you close your account before the bonus interest crediting date, the bonus interest for the previous month will be forfeited.

  • Can I open more than one 360 Account?

    Each customer is only allowed to open one 360 Account where he/she is the Primary Account holder. The signing mandate can be either signed singly or joint alternate.

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Am I eligible?

Here's who can apply:
  • Anyone 18 years old and above
  • Singaporeans and Singapore PR
  • Foreigners with a valid pass

How to earn salary bonus

  • Credit your salary of at least S$1,800 into the 360 Account.
  • Only salary credit through these transaction descriptions and codes in your statements will qualify for this bonus:
    • GIRO / PayNow via GIRO with the transaction description “GIRO-SALARY”
    • FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”
  • To set up your OCBC 360 Account as your salary crediting account, please inform your HR department of your new account number. You will only need to do it once.

How to earn the Save bonus interest

Increase your account's average daily balance in the current month by at least S$500 from the previous month's average daily balance.

How to earn the Spend bonus interest

Charge at least S$500 to your OCBC 365, OCBC INFINITY, OCBC NXT, OCBC 90°N or OCBC Rewards Card.

How to earn the Insure bonus interest

Purchase any one of the eligible insurance products from OCBC of at least the minimum amount as follows:

Eligible Insurance Products
Minimum qualifying amount

  • Regular Premium: Protection/Legacy

    S$2,000

    • GREAT Term (including riders)
    • GREAT Term Special
    • GREAT Cancer Guard
    • Investment Linked Insurance Plan
    • Mortgage Protect Advantage
    • Universal Life Plans

  • Regular Premium: Endowment/Retirement

    S$4,000

    • MaxEndowment Insurance Special II
    • GREAT Retire Income 5/10/15/20
    • GREATLife Endowment Insurance II 5/10/15

  • Single Premium Insurance

    S$20,000

    • PremierLife Generation V (SGD)
    • PremierLife Generation 5A (SGD)
    • PremierLife Generation III (USD)
    • PremierLife Legacy 3 (USD)
    • PremierLife Legacy 4 (SGD)
    • Emerald Legacy Life (USD)
    • Emerald Legacy Life II (SGD)
    • Universal Life Plans
    • HSBC Life Variable Annuity

Note: The minimum placement amount to qualify for the insure bonus may differ from the minimum premiums required for the insurance products. Speak to our Personal Financial Consultants for more details. They can aid you by performing a Financial Needs Analysis (FNA) to ensure that the product you purchase meets your financial needs.

For Regular Premium Insurance Categories, the minimum qualifying amount refers to the annual premium of the policy. Qualifying amount is taken after prepayment discount (if any).

You need to be the primary account holder of the 360 Account as well as the policyowner of the eligible insurance product.

Purchases of the same financial product will be aggregated, if their effective date post free-look period or 14 days whichever is longer, falls in the same calendar month.

This bonus interest is accorded for 12 months after the effective date of purchase, post the free look/cancellation period or 14 days, whichever is longer.

How to earn the Invest bonus interest

Purchase any one of the eligible investment products from OCBC of at least the minimum amount as follows:

Eligible Investment Products
Minimum qualifying amount

  • Unit Trusts

    S$20,000

    Exclude Unit Trusts investments into money market funds, Systematic Investment Programme (OCBC Momentum) and Unit Trusts transferred in from other financial institutions

  • Structured Deposits

    S$20,000

  • Bonds and structured products

    S$200,000

    • Bonds
    • Equity-Linked Convertible Investments
    • Reverse Equity-Linked Convertible Investment
    • Structured Investments
    • Structured Notes

Note: Speak to our Personal Financial Consultants for more details. They can aid you by performing a Financial Needs Analysis (FNA) to ensure that the product you purchase meets your financial needs.

You need to be the primary account holder of the 360 Account as well as the single name account holder of the eligible investment product.

This bonus interest is accorded for 12 months after the effective date of purchase, post the free look/cancellation period or 14 days, whichever is longer.

How to earn the Grow bonus interest

Your account's average daily balance for the month must be at least S$200,000.

The amount is calculated on a month (31 days) basis, this is for illustration purposes only. Actual amounts and figures may differ and vary based on the actual circumstances.

The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator.

Fall below fee

There will be a monthly fall below fee of $2 should your daily average balance fall below S$3,000. The fee is waived for the first the calendar year.

Singaporean or Singapore PR

Any of these documents that shows your residential address:

  • Phone bill
  • Utilities bill
  • Bank statement
or

Income tax Notice of Assessment

Foreigners

Valid government correspondence or notice that shows your residential address from last 3 months

or

Income tax Notice of Assessment

What you need to apply at a FRANK store

Singaporeans or Singapore PR

  • NRIC
  • S$1,000 deposit
  • Any of these documents that shows your residential address: Phone bill / Half yearly CPF statement / Any bank statement

Foreigners

  • Passport with 6 months' validity
  • Employment Pass, Special Pass or Student Pass
  • S$1,000 deposit
  • Valid government correspondence or notice that shows your residential address from last 3 months OR Income tax Notice of Assessment
Important notice for Insurance

The insurance plans are provided by The Great Eastern Life Assurance Company Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group and Transamerica Life Bermuda Ltd. The insurance plans are not bank deposits and OCBC Bank does not guarantee or have any obligations in connection with it.

You may want to seek advice from a financial adviser before committing to buy the product. If you choose to not seek advice from a financial adviser, you should consider if the product is suitable for you.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable may be less than the total premiums paid.

This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and benefit illustration (available from us) before deciding whether to buy this product.

We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document. This document may be translated into the Chinese language. If there is any difference between the English and Chinese versions, the English version will prevail.

Important notice for Investments

The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.

Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.

No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

The information provided herein may contain projections or other forward-looking statement regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same. This presentation and its contents are considered proprietary information and may not be reproduced or disseminated in whole or in part without our written consent.

Oversea-Chinese Banking Corporation Limited ("OCBC Bank") and OCBC Securities Private Limited ("OCBC Securities") are related but separate entities. All securities trading services and products are offered by OCBC Securities and are subject to the relevant terms and conditions of OCBC Securities.

Trading in securities can be very risky, and you may lose all or more than the principal amount invested. This is particularly so when you need to (i) make your own trading decisions and (ii) ensure each trade is specifically suitable for you the only basis for trading through or with OCBC Securities Private Limited.

Unit trusts disclaimer

The information contained herein has been prepared by OCBC Bank, the issuer and manager of the fund. It is for general information only. It does not take account of your specific investment aims, financial situation or needs.

This is not a formal offer for this product. We are not recommending that you buy this product as you must first assess whether it is suitable for your investment needs. You should speak to a financial adviser before you buy an investment product. The financial adviser will look at your specific investment aims, financial situation and particular needs before advising you on whether the product is suitable for you. Of course, if you decide not to get advice from a financial adviser, you should consider carefully whether this product is suitable for you.

The investment objective of the fund is more particularly described in the fund prospectus. You can get a copy of the prospectus of the fund from the manager of the fund, or any of its approved distributors. You should read the prospectus for details of the fund before deciding whether to subscribe for, or buy, units in the fund. The value of the units in the fund and the income building up from the units, if any, may fall or rise.

The information in this document may contain projections or other predictions regarding future events or the future performance of countries, assets, markets or companies. These may be different from actual events or results. Past performance figures are not necessarily an indication of future or likely performance. Any reference to any specific company, financial product or asset class is used as an example only. We (OCBC Bank), and any of our related and connected companies, and their directors and employees (known as ‘related people'), may have interests in, and may make transactions in, the products mentioned in this document. We may have connections with, and may receive a fee from, the product providers. Product providers may also be related people, who may receive fees from investors. We and our related people may also carry out or try to carry out broking and other financial services for the product providers.

We have done all we can to make sure that this document is accurate at the time of printing, but we are not responsible if there are any errors or missing information. If the document becomes out of date, we do not have to replace it. We are not responsible for any direct or indirect loss or damage arising in connection with, or as a result of, any person acting on any information provided in this document.

Please do not reproduce or share any of the information in this document without our written permission.

Structured Deposits disclaimer

Unlike traditional deposits, Structured Deposits have an investment element and returns may vary. The initial investment amount of a Structured Deposit will be returned to you only if you hold it until maturity date. Early withdrawal of Structured Deposits may result in you receiving significantly less than your initial investment amount. You further understand that you will bear any costs and charges associated with such early withdrawal of the Structured Deposits. OCBC Bank may have the right to terminate the Structured Deposits and return an amount in cash to you from the due settlement of the Structured Deposits before the maturity date. You may be exposed to inherent exchange rate risks and exchange controls when you place a Structured Deposit.

Structured Deposits are not insured deposits for the purposes of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore. You may wish to seek advice from a licensed of an exempt financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

The proposed transaction(s) herein (if any) is/are subject to the final expression of the terms set forth in the definitive agreement(s) and/or confirmation(s). No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.