Guide: How to Get up to 3.95% P.A. Interest With OCBC 360 Account (Calculator Included!)

Last updated: 18th September 2025

After its second nerf in 2025, OCBC 360 now offers a maximum effective interest rate of 2.45% p.a. without any product purchase. With the Invest category also fulfilled, however, you can expect as much as 3.95% p.a. for a S$100,000 balance.

Here’s a guide on how you can maximise your interest from this account as easily as possible.

Guide updated for 2nd rate drop in 2025

This article has been updated to reflect the most recent rate drop in May 2025. Catch up with the latest changes:

OCBC 360 Interest Calculator

OCBC 360 gives its bonus interests in two tiers: the first S$75,000 and the next S$25,000. S$100,000 is the optimal amount here that would get you the maximum effective interest.

Account Monthly Average Balance (MAB)	Salary + Save + Spend	Salary + Save + Spend + Invest
S$1 to S$75,000	2.05% p.a.	3.25% p.a.
S$75,001 to S$100,000	Between 2.05% to 2.45% p.a.	Between 3.25% to 3.95% p.a.
$100,000	2.45% p.a.	3.95% p.a.

Step-by-step Guide

This is for those who can only control one OCBC 360 account. See also Player 2 Strategy if you are able to control two accounts.

Timeline	Activity
1st Day of Month	Deposit at least S$500 (or S$520 if 1st day is a public holiday or Sunday)
During the month	Credit S$1,800 of salary (withdraw salary on same day to avoid affecting average balance)
During the month	Make spending of at least S$500 (use CardUp/ipaymy to achieve this easily)
7th Working Day of Following Month	Interest is credited (withdraw interest on same day to avoid affecting average balance)

Compared with other high-yield savings accounts

Tap here for a comparison tool to see how this account stacks up with other high-yield savings accounts!

Salary requirement

How to fulfil this: get your company to credit your actual salary of at least S$1,800, or use a corporate account to do so (no known hack, sorry)

Tier	Bonus Interest
First S$75,000	1.20% p.a.
Next S$25,000	2.40% p.a.
Effective Interest Rate on S$100,000	1.50% p.a.

Without meeting the Salary condition, the rates for OCBC 360 Account is quite poor. The Salary requirement only recognises transfers from corporate accounts tagged as Salary, so this might be easy for you to achieve if you have a corporate bank account.

Otherwise, there is no publicly known workaround this requirement. You will have to either credit your actual salary to this, or use a corporate account to complete this condition. Warning: there have been anecdotes of transfers done from personal accounts moving the tracker, but also reports that bonus interest were sometimes not given for the salary requirement so try at your own risk.

I would usually withdraw the salary out immediately so as not to affect my average account balance which is relevant to the Save requirement.

Save requirement

How to fulfil this: deposit S$500 on the first day of each month before 9PM; S$520 if the first day is a public holiday or Sunday.

Tier	Bonus Interest
First S$75,000	0.40% p.a.
Next S$25,000	0.80% p.a.
Effective Interest Rate on S$100,000	0.50% p.a.

Save requirement needs you to increase your average monthly balance by S$500 from the previous month. Without this, the interest rates of OCBC 360 are not very ideal.

As the name suggests, average monthly balance takes the average of the amounts you have in the bank account. In a 30-day month, if your account has S$100,000 for 20 days, and S$80,000 for 10 days, your average is around S$93,333.

So assuming if your average balance is S$90,000 in the month of May, and you waited until 29th June to deposit S$500, your average monthly increase is only S$33.33. (Calculation: S$500 ÷ 30 days × 2 days = S$33.33)

Ideally, you will need to deposit S$500 on the first day of each month. There is some complication with this if the first day of the month is a Sunday or public holdiay, or if you deposit after 9PM. This is because the value date of the funds will now be on the next working day. If so you will need to deposit S$520 instead.

Personally, I deposit around S$550 to S$600 each month so I don’t have to think too much about it.

Spend requirement

How to fulfil this: use CardUp/ipaymy to pay S$500 using OCBC 90°N

Tier	Bonus Interest
First S$75,000	0.40% p.a.
Next S$25,000	0.40% p.a.
Effective Interest Rate on S$100,000	0.40% p.a.

Spend requirement adds a flat 0.40% p.a. to your OCBC 360 account. I imagine there might be some who just forgo this condition entirely and settle for a lower rate, but it’s actually quite easy to achieve.

I personally use either CardUp or ipaymy to accomplish my spend, and it has been recognised as eligible spend so far.

CardUp and ipaymy come with service fees, typically around 1.75 to 2.4% depending on the promo codes you use (tap here for first-time use discounts), but it is well worth it if your OCBC 360 bank balance is substantial enough. Besides, you can also get card rewards for the fee.

For a S$500 payment, you pay about S$12 of service fees assuming a 2.4% fee.

Additional 0.40% p.a. interest means you can get roughly S$16.67 more interest for a S$50,000 in your account, and obviously more when you have a higher balance:

Balance Amount	Approx. Monthly Interest (0.4% p.a.)
S$100,000	S$33.33
S$75,000	S$25
S$50,000	S$16.67

Unless your balance is on the lower side, the bonus interest should more than cover your fees, and don’t forget you also get rewards on the spend. I personally use OCBC 90°N which gives 1.3 miles per dollar, so I also get 650 or so miles on top of my bonus interest.

If your fee is 2.25%, you can also be a bit more fee efficient by paying S$489 which becomes S$500 after the fee is included.

You can calculate the exact amount to pay by this formula: S$500 ÷ (1 + 2.25/100) where 2.25 should be changed to the fee you are paying.

Invest requirement

How to fulfil this: buy S$20,000 of unit trusts (investing involves risk)

Tier	Bonus Interest
First S$75,000	1.20% p.a.
Next S$25,000	2.40% p.a.
Effective Interest Rate on S$100,000	1.50% p.a.

Invest category can give as much as 1.50% p.a. if your monthly average balance is S$100,000, working out to about S$125 in bonus interest each month. The catch is that there are fees to be paid, and investing also involves varying levels of risk and volatility.

OCBC has been running a 0.88% sales charge promo for unit trusts, and that works out to be S$176 for a S$20,000 investment. Whether this makes sense depends on your account balance:

Balance Amount	Bonus Interest	Time to Recoup
S$25,000	S$25	> 7 months
S$50,000	S$50	3.5 months
S$75,000	S$75	2.3 months
S$100,000	S$125	1.4 months

Note also that the bonus interest is payable for only 12 months. Unit trusts also have fund-level fees, though that exists even if you invest in unit trusts elsewhere so I am not including this in the calculation.

Unfortunately, money market funds are also not eligible for the promo. You will have to take a little more risk by looking at bond or even equity funds.

Tracker

OCBC 360 has a tracker that only appears when you log in to your OCBC account via a desktop browser.

It only tracks Salary and Save requirements. Spend requirement is not tracked here. The tracker is updated each day for the previous day.

What happens beyond S$100,000?

Once you hit S$100,000, you achieve the optimal interest rate of 3.30% p.a. for OCBC 360. However, owing to the Save requirement, you soon find yourself having to add S$500 every month to this S$100,000.

This isn’t ideal as amounts above S$100,000 get only 0.05% p.a. interest. When the amounts above S$100,000 is small, the opportunity cost is negligible, but it will soon grow to a significant amount.

“Resetting” the account is something you can explore when you hit more than S$100,000, or check out the Player 2 strategy below.

Player 2 Strategy

If you can rope in someone like your spouse or family member to open another OCBC 360 Account, you can use a “Player 2 Strategy” to sidestep the Save requirement entirely. At the start of each month, simply transfer your entire balance from the first OCBC 360 Account (Account A) to the second one (Account B).

For instance, we have S$100,000 in Account A in January and accomplish all the steps. On 1st February, we should transfer the entire balance to Account B. Since the balance of Account B is S$0 for the month of January, Account B recognises all S$100,000 as an increase from the previous month. On 1st March, we now transfer the amount back to Account A and repeat the process.

This will allow you to get the most optimal interest rates without actually having to increase your balance amount by S$500 each month. The downside is that you have to alternate the Salary crediting and remember to put spend on the correct cardholder’s OCBC card each month.

Frequently asked questions

Question	Answer
It’s the 8th day already and I still don’t see my interest!	Interest is credited on the 7th working day which excludes weekends and public holidays. It can be credited as late as the 10th or 11th day of the month if there are public holidays early in the month.
How do I know if my spending is eligible for the Spend requirement?	Card spend that gets you rewards on the OCBC card you are using will be recognised as eligible spending for the OCBC 360 account. Get rewards = counted; no rewards = not counted Also please remember the eligible cards are: OCBC Rewards, OCBC NXT, OCBC 365, and OCBC 90°N
Does the UOB salary workaround work for OCBC 360?	No. So far only salary payments from corporate accounts work.

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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

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