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> OCBC 360 Savings Account - Up to 4.1% Interest !, Get higher interest on your savings acct

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vrek
post Jun 15 2019, 05:53 PM

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QUOTE(cclim2011 @ Jun 15 2019, 10:46 AM)
Hi guys, also new here. just would like to confirm if I will get 4.1% if I do all 3 steps below.

1. deposit at least RM500 into 360 saving account anytime in a calendar month
2. fund transfer to 3 different credit cards (may be same or different banks) within a month
3. top up bigpay (with ocbc credit card) at least RM500 within a calendar month

step 2 a bit unclear for me, bank transfer considered "bill payment" as read from the posts above right?

thanks lot.
*
For number 2, if you do a bank transfer also counted - different bank accounts la.
cclim2011
post Jun 15 2019, 06:54 PM

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QUOTE(vrek @ Jun 15 2019, 05:53 PM)
For number 2, if you do a bank transfer also counted - different bank accounts la.
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ic ok. thanks for the information.
MGM
post Jun 16 2019, 07:33 AM

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So looks like ocbc360 will give double d interest compare to MBB Saver-i, but what about cost of IBG/IBFT, r they foc too?
Ramjade
post Jun 16 2019, 08:29 AM

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QUOTE(MGM @ Jun 16 2019, 07:33 AM)
So looks like ocbc360 will give double d interest compare to MBB Saver-i, but what about cost of IBG/IBFT, r they foc too?
*
Yes free.
desrover P
post Jun 20 2019, 07:42 AM

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Good morning,

I opened this OCBC account yesterday.

Do I have one full month to achieve the 4.1% interest - credit card, bills etc or only until
the end of june?

Thanks
vin_ann
post Jun 20 2019, 08:52 AM

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QUOTE(desrover @ Jun 20 2019, 07:42 AM)
Good morning,

I opened this OCBC account yesterday.

Do I have one full month to achieve the 4.1% interest - credit card, bills etc or only until
the end of june?

Thanks
*
U can do it anytime.
I do it early of the month, then can relax keep calm wait till month end
shuin1986
post Jun 20 2019, 09:33 AM

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QUOTE(desrover @ Jun 20 2019, 07:42 AM)
Good morning,

I opened this OCBC account yesterday.

Do I have one full month to achieve the 4.1% interest - credit card, bills etc or only until
the end of june?

Thanks
*
You still have 10 days to achieve 4.1% interest for June, criteria interest will be credited to your account on 2nd day of next month.
sidefulnes
post Jun 20 2019, 09:14 PM

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OCBC has revised the interest rates.... So it's time for me to apply for a credit card to get the 1.3% interest.
Choosing between OCBC 365 and OCBC Titanium.... Which credit card are you all using? 365 seems to be just teensy bit better but annual fee waive up to 3 years. Does it mean I have to call everytime to waive the fee or its automatic?
vrek
post Jun 21 2019, 12:32 AM

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QUOTE(desrover @ Jun 20 2019, 07:42 AM)
Good morning,

I opened this OCBC account yesterday.

Do I have one full month to achieve the 4.1% interest - credit card, bills etc or only until
the end of june?

Thanks
*
The 4.1% interest is applied on average for the month.
Meaning you open the account on 19th June, put money in, the first 18 days of June is zero ringgit.
So at the end of this month, when you received the 4.1%, it will not be the amount you imagine.

Example,
Deposit $100,000 x 4.1% / 365 * 30 = $336.98

But if deposit starts on 19th June onwards,
Average is $40,000 x 4.1% / 365 * 30 = $134.79
vrek
post Jun 21 2019, 12:34 AM

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QUOTE(sidefulnes @ Jun 20 2019, 09:14 PM)
OCBC has revised the interest rates.... So it's time for me to apply for a credit card to get the 1.3% interest.
Choosing between OCBC 365 and OCBC Titanium.... Which credit card are you all using? 365 seems to be just teensy bit better but annual fee waive up to 3 years.  Does it mean I have to call everytime to waive the fee or its automatic?
*
Alternatively, you can use the ATM debit card to reload eWallet. It counts towards the "1.3% interest when use credit card"
You can opt to use that amount in your eWallet or withdraw.
sidefulnes
post Jun 21 2019, 09:06 AM

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QUOTE(vrek @ Jun 21 2019, 12:34 AM)
Alternatively, you can use the ATM debit card to reload eWallet. It counts towards the "1.3% interest when use credit card"
You can opt to use that amount in your eWallet or withdraw.
*
I don't really use ewallet actually. I do have loans to service so I use my credit card for 5% rebate. Is there a withdrawal fee for e wallet?
majorarmstrong
post Jun 21 2019, 09:43 AM

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QUOTE(sidefulnes @ Jun 21 2019, 09:06 AM)
I don't really use ewallet actually. I do have loans to service so I use my credit card for 5% rebate. Is there a withdrawal fee for e wallet?
*
not all e wallet can withdraw, most common is Boost charge RM2 per withdrawal and can withdraw up to 1498, bigpay charge RM6 for withdrawal can withdraw up to RM4k but again hard to find ATM that support 4k, mostly 3k atm avail. head over to the Boost / Bigpay thread to discuss this.
skty
post Jun 21 2019, 11:54 AM

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what is the daily deadline for daily interest?
11.59pm?
mean the remaining amount in the OCBC 360 as of 11.59pm will be taken to calculate daily interest.
kaiserreich
post Jun 21 2019, 01:59 PM

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QUOTE(sidefulnes @ Jun 20 2019, 09:14 PM)
OCBC has revised the interest rates.... So it's time for me to apply for a credit card to get the 1.3% interest.
Choosing between OCBC 365 and OCBC Titanium.... Which credit card are you all using? 365 seems to be just teensy bit better but annual fee waive up to 3 years.  Does it mean I have to call everytime to waive the fee or its automatic?
*
Why not both?

QUOTE(vrek @ Jun 21 2019, 12:34 AM)
Alternatively, you can use the ATM debit card to reload eWallet. It counts towards the "1.3% interest when use credit card"
You can opt to use that amount in your eWallet or withdraw.
*
For ATM debit card, you need to pay annual fee of RM8.
I have cancelled my debit card. Using credit card instead.
Yes you need to pay SST for credit card, but with OCBC Ti or 365 which gives 1% rebate, just swipe RM2500 over 12 months on BP and you are done.
You need to swipe RM500 per month anyway.

One day OCBC gonna remove BP from eligibility, but this trick still works right now.
sidefulnes
post Jun 21 2019, 02:37 PM

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QUOTE(majorarmstrong @ Jun 21 2019, 09:43 AM)
not all e wallet can withdraw, most common is Boost charge RM2 per withdrawal and can withdraw up to 1498, bigpay charge RM6 for withdrawal can withdraw up to RM4k but again hard to find ATM that support 4k, mostly 3k atm avail. head over to the Boost / Bigpay thread to discuss this.
*
But technically it defeats the purpose of getting the interest if I need to pay the ewallet withdrawal fee sweat.gif
Anyways, though the 1% or 0.5% cash back is basically insignificant for RM500 spending but better than nothing plus the 1.3% interest rate smile.gif


sidefulnes
post Jun 21 2019, 02:51 PM

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QUOTE(kaiserreich @ Jun 21 2019, 01:59 PM)
Why not both?

For ATM debit card, you need to pay annual fee of RM8.
I have cancelled my debit card. Using credit card instead.
Yes you need to pay SST for credit card, but with OCBC Ti or 365 which gives 1% rebate, just swipe RM2500 over 12 months on BP and you are done.
You need to swipe RM500 per month anyway.

One day OCBC gonna remove BP from eligibility, but this trick still works right now.
*
Taking both credit cards mean i have to pay RM 50 SST and honestly the cash back is not very lucrative compare to maybank amex, its either I take 365 first and cancel after the third year to take Ti or just go with Ti. But having some form of cashback is still better than none plus the 1.3% interest in comparison to debit card spending
Didn't know its possible to cancel ATM debit card? hmm.gif then I can cancel it too ~ thanks for the info

This post has been edited by sidefulnes: Jun 21 2019, 03:04 PM
AIYH
post Jun 21 2019, 03:19 PM

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QUOTE(skty @ Jun 21 2019, 11:54 AM)
what is the daily deadline for daily interest?
11.59pm?
mean the remaining amount in the OCBC 360 as of 11.59pm will be taken to calculate daily interest.
*
9:45 p.m. on all days, except last day of the month, which is 9:30 p.m.
skty
post Jun 21 2019, 05:59 PM

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QUOTE(AIYH @ Jun 21 2019, 03:19 PM)
9:45 p.m. on all days, except last day of the month, which is 9:30 p.m.
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thanks!
vrek
post Jun 25 2019, 11:35 AM

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QUOTE(sidefulnes @ Jun 21 2019, 09:06 AM)
I don't really use ewallet actually. I do have loans to service so I use my credit card for 5% rebate. Is there a withdrawal fee for e wallet?
*
Tip: Withdrawal from WeChat is free.
majorarmstrong
post Jun 25 2019, 12:39 PM

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QUOTE(vrek @ Jun 25 2019, 11:35 AM)
Tip: Withdrawal from WeChat is free.
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Can top up wechat with credit card?

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