OCBC 360 Account Review 2025

The OCBC 360 Account stands out as one of Singapore’s go-to choices for savers chasing higher returns, offering up to 3.3% p.a. on the first S$100,000 of deposits. With the right combination of actions — which includes salary crediting, regular saving, investing, and insuring through OCBC — the potential returns can climb to an attractive 6.3% p.a..

The figures sound impressive, but the real question is: how achievable are those headline rates, and does the OCBC 360 truly align with your financial goals? Let’s break it down and see if this account deserves a place in your portfolio.

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The OCBC 360 Account is a savings account that rewards you with higher interest rates when you carry out everyday banking activities with OCBC. Unlike fixed deposits that require you to lock in your funds for months, the 360 Account combines attractive interest rates with the flexibility of easy withdrawals.

For instance, while an OCBC Fixed Deposit (as of 9 July 2025) offers 1.7% p.a. for a 9-month lock-in with S$30,000, the OCBC 360 Account gives you 2.00% p.a. simply for crediting your salary, and up to 6.30% p.a. if you meet all milestone categories. 

This makes it an appealing option for those who want to grow their savings without sacrificing access to their money.

SingSaver’s take

The OCBC 360 Account shines for those who want to make their main bank account work harder without locking up funds in a fixed deposit. It’s especially rewarding if you’re already crediting your salary into OCBC, saving regularly, and spending on an OCBC credit card, since these everyday habits alone can push your effective interest above market averages.

That said, the account is most worthwhile for working professionals with a steady income and enough monthly cash flow to consistently grow their balance. If you’re also open to insuring or investing with OCBC, you’ll edge closer to the headline 6.30% p.a. rate, making it one of the strongest options for engaged savers. On the flip side, casual savers who aren’t keen to meet multiple criteria may find simpler accounts with lower barriers more suitable.

The OCBC 360 Account offers a blend of base interest plus bonus earnings tied to everyday banking actions. Here’s how it works:

• Base interest rate: 0.05% p.a.

• Bonus interest: Earned by fulfilling categories — crediting salary, saving, spending, insuring, investing, and increasing your account balance

• Maximum interest rate: Up to 6.30% p.a. on your first S$100,000 if all bonus criteria are met.

• Flexibility: No fixed lock-in — you retain full access to your funds while earning tiered interest.

How to earn bonus interest

Account holders who do not fulfill any of the above criteria will earn a base interest rate of 0.05% p.a on their balances.

The OCBC 360 Account rewards you with higher interest when you make OCBC your primary bank for everyday financial needs. To unlock the best rates, it’s not enough to just deposit money — you’ll need to actively engage with the account through specific actions. 

Here’s how you can maximise your returns:

• Credit your salary

  • Ensure your monthly salary (minimum S$1,800) is credited via GIRO, FAST or PayNow.

  • This unlocks the largest bonus interest (up to 2% p.a.).

• Save regularly

  • Grow your average daily balance by at least S$500 every month.

  • This habit not only builds your emergency fund but also adds another layer of bonus interest.

• Spend with an OCBC credit card

  • Charge at least S$500 to an eligible OCBC credit card each month. This includes OCBC 365, OCBC INFINITY, OCBC NXT, OCBC 90°N and OCBC Rewards Card.

  • Everyday spending like groceries, transport or dining can help you qualify for this tier.

• Insure and invest with OCBC

• • Purchasing eligible insurance or investment products with OCBC gives you significant additional bonus interest (up to 2.40% p.a. per category).

  • Choose products that align with your financial goals rather than just for the sake of the interest boost.

• Maintain a healthy balance

  • For those with larger savings, balances above S$250,000 unlock an extra 2.2% p.a.

  • This may not apply to everyone but is worth noting if you’re building substantial reserves.

Putting it into practice

Let’s take a look at this example. Suppose you have S$20,000 in your OCBC 360 Account and credit your monthly salary of S$3,000. In addition, you are able to save S$500 every month, increasing your monthly average balance by this much. These two actions automatically qualify you for 1.6% p.a interest.

If you then charge at least S$500 to an eligible OCBC credit card each month and purchase an investment product from OCBC, your total interest rate increases to 3.2%. To maximise your earnings even further, consider adding on an eligible investment product – but always keep in mind that any financial products you purchase should be suitable for your needs, and not just for the sake of achieving a higher interest rate.

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Opening an OCBC 360 Account is straightforward, but there are a few conditions you’ll need to meet. To start with, all applicants have to be at least 18 years of age.

Documents required

When applying, you’ll need to provide:

• Singaporeans/PRs

• NRIC (front and back)

• Proof of address (if different from NRIC)

• Foreigners

• Valid passport

• Employment Pass, S Pass, or Student Pass (minimum validity of 6 months)

• Proof of residential address (e.g., tenancy agreement, utility bill, or bank statement dated within the last 3 months)

If you’re an existing OCBC customer with MyInfo (SingPass), you can skip uploading documents and enjoy a quicker application process.

• Minimum initial deposit: S$1,000 (waived if you apply online via the OCBC Digital app).

• Minimum average daily balance: Maintain at least S$3,000 each month to avoid a fall-below fee of S$2.

• Balance cap for bonus interest: Bonus interest is only applied to the first S$100,000 of your account balance. Amounts above this only attract the base interest rate of 0.05% p.a.

Wondering if the OCBC 360 Savings Account is the best choice for you? Here’s how it fares against other HYSAs in Singapore:

Which savings account is best for me?

When comparing these four accounts, the right choice depends on your financial habits and priorities. The OCBC 360 Account is a strong all-rounder, offering realistic returns of 3-4% p.a. and up to 6.30% if you fully engage across salary, saving, spending, and wealth categories. The Standard Chartered Bonus$aver promises the highest potential rate — up to 8.05% p.a. — but only if you consistently meet multiple conditions, making it ideal for disciplined users.

For travellers or anyone dealing with multiple currencies, the HSBC Everyday Global Account offers convenient FX features and occasional promotional rates. The CIMB StarSaver keeps things simple with tiered rates up to 2.38% p.a., appealing to those who prefer a hassle-free option without monthly requirements.

1. Check your eligibility: You must be 18+ years old and a Singaporean citizen, PR, or foreigner with valid pass.

2. Prepare your documents: NRIC for locals; passport, valid pass, and proof of address for foreigners.

3. Apply online or in branch: Speed up the process when you apply via the OCBC Digital app with Singpass, or visit a physical branch.

4. Submit your application: Fill in details and upload documents (or have them verified at the branch).

5. Fund your account: A minimum deposit of S$1,000 is required; maintain S$3,000 average balance to avoid fees.

Think of the OCBC 360 Account as the Mum Friend who is always trying to appeal to your better self. Every time you save, insure or invest, you're taking steps to grow your wealth—and the OCBC 360 Account wants to reward you each time you hit a new milestone. That said, not everyone will be able to max out their interest rate due to the sheer financial capital needed to do so.

Ultimately, whether this account is right for you comes down to how closely its bonus criteria match your existing lifestyle and financial capacity. If you already credit your salary, save regularly, and use an OCBC card, you’ll find it easier to unlock attractive returns. On the other hand, if you’re not planning to take on insurance or investment products with OCBC, you may still enjoy decent interest, but won’t reach the full advertised rates.