This savings account offers one of the highest interest. I wonder how come it is not popular.

In bigger cities, my guess is it is not easy to find an OCBC ATM machine and people don't have the time to 'open' an account cus busy working day in day out. Beside, salary in cities are higher.. what's RM20 interest earn to them in a month? it's probably only worth 1 day's parking and toll charges... some rather just earn a flat rate 2.95% or lock up their money in 12 month f.d.. save them the so called 'trouble' of fulfilling and monitoring the criterias OCBC imposes..
In small towns, all banks are congregated in the same area. So doesn't make much difference in terms of convenience..and more time to kepo which bank gives the highest interest to make the money work harder for them. lol.

just my 2 sen worth of comments..

Tutuppintu may i know the 3 transfer to your MBB account is using ibg or instant transfer?
Thanks

Hi, a quick question here.

The RM500 usage on OCBC Credit Card counted only for swiped usage? Is online usage / purchase using OCBC Credit Card counted to this RM500 amount? Thanks.

I have tried both and both also count as bill payment.
No. Online purchase included as well.

Is paying an OCBC credit card or other bank credit cards using Ocbc Online banking considered as bill payment?

Hi I just opened my OCBC 360 account 2 days ago, I can see it online now but can only transfer funds in not out, and can't use it to pay bills. How long do I need to wait..? Thanks

can I open an account without taking any credit card? happy with 2.9% pa just to enjoy the flexibility of parking the money and moving out whenever I want.

Is paying an OCBC credit card or other bank credit cards using Ocbc Online banking considered as bill payment?

i dunno about paying OCBC credit Card, but other bank credit card using OCBC online banking DOES NOT considered as bill payment.

But IBG or Instant Transfer is considered as long u transfer more than RM10. So just transfer RM11 to be on the safe side to 3 different bank account numbers (even though same bank is ok)

From which source you get this info?
Just call OCBC call center, only GIRO to other bank consider as 1 bill payment and the payment to ocbc credit card still consider as bill payment

Hi I just opened my OCBC 360 account 2 days ago, I can see it online now but can only transfer funds in not out, and can't use it to pay bills. How long do I need to wait..? Thanks

can I open an account without taking any credit card? happy with 2.9% pa just to enjoy the flexibility of parking the money and moving out whenever I want.

According to another forummer from the FD thread, payment to OCBC credit card is considered as bill payment as well. As for transfer, no need more than RM10 to qualify, any amount would do. Did you see the terms somewhere or did someone tell you about that?
I have experienced this a few times before after opening a new account with OCBC. Dunno why but somehow the account is not linked. Call OCBC call centre to activate / link the account for you. You can start using the account after that.

Guys,
Few question here
Every month deposit minimum rm500 to earn interest 1.2% so if my salary credit to ocbc 360 account it base on rm500 interest?

Sorry for my bad english 😐

Minimum deposit is RM500 to earn 1.2% from its total of 4.1%. Salary you bank in will count interest with your balance amount available in your 360 account.

ronnie
First, max you can get from this account is 2.9%
0.5% - Base Interest (based on current Board Rate for Savings)
1.20% - Deposit minimum RM500 per month
1.20% - Pay minimum 3 bills via OCBC 360 Account using OCBC Online Banking portal (includes Standing Instructions for Loan repayment and OCBC Credit Card payment) - I think paying RM1 for bill is also eligible -Don't pay more than RM1. Not sure if it works. Why RM1? I will get to that later
1.20% - Spend minimum RM500 on your OCBC Credit Card - NOT RECOMMENDED

So why spend RM1 on bills and not more on OCBC?
1. Paying via OCBC will not give you cashback (for those who holds CB cards)
2. By using UOB VOX (5% CB for transaction above RM50) via UOBPAYONLINE and HLB WISE (10% CB if meet the T&C) via merchants which allow paying of bills, one can easily get >1.2%.
3. RM1 is usually the min transaction a banks allow.

Why spending min RM500 on your OCBC Credit Card is NOT RECOMMENDED?
1. According to Gen-X, OCBC CC are useless. CB is pathetic.
2. Why settle for pathetic CB when other cards give min 5% CB which I am sure is more than the 1.2%p.a interest.

That sums it all up to show that to get max cashback (more money), you can only get max 2.9% from OCBC 360 SA.

thanks for the summary. exactly wat i needed