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 OCBC 360 Savings Account - Up to 3.25% Interest !, Get higher interest on your savings acct

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MGM
post Jun 12 2019, 11:08 AM

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I thought of switching my MBB Saver-i to this based on d higher 4.1% interest and use it as my main account receiving funds(early month) n paying CC bills(20k, end of month). If I meet all the condition to entitle for the 4.1%, is the interest calculated just like MBB Saver-i?
If currently I am making rm12 from MBB Saver-i then with this I probably will be making rm24. What I am currently using Saver-i more than meets the requirements for 4.1%.

This post has been edited by MGM: Jun 12 2019, 11:17 AM
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?
MGM
post Jul 22 2019, 07:51 PM

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QUOTE(gold_mine99 @ Jul 22 2019, 06:02 PM)
May I know use OCBC credit card topup BigPay will fulfil the spending RM500 criteria?
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QUOTE(syaaron @ Jul 22 2019, 06:32 PM)
Yes. It will credit seperately 0.1% and 0.9%
Yes I'm using credit card to substitute the debit card as well  rclxms.gif
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Are u all referring to OCBC Titanium card?
MGM
post Aug 19 2019, 09:18 PM

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Does the reducing OPR affect the 4.1% interest?
MGM
post Oct 19 2019, 09:23 AM

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QUOTE(cclim2011 @ Oct 19 2019, 09:21 AM)
hi, wondering if the 0.9% for titanum already posted?
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When is your statement date?
MGM
post Oct 19 2019, 09:37 AM

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QUOTE(cclim2011 @ Oct 19 2019, 09:26 AM)
my starement is 14th. saw the 0.1% on 14th posted but not the 0.9%. spend both on shopee and bigpay.
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I haven't received mine too but my statement date is 15th, normally posting date is 17th, but would take a couple of days to be reflected online.
MGM
post Oct 19 2019, 11:46 AM

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QUOTE(rojakwhacker @ Oct 19 2019, 11:09 AM)
Mine posted around 15th. Shopee and big pay.
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BUT what is your statement date?
MGM
post Oct 21 2019, 06:37 AM

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QUOTE(cclim2011 @ Oct 19 2019, 09:21 AM)
hi, wondering if the 0.9% for titanum already posted?
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QUOTE(cclim2011 @ Oct 19 2019, 09:26 AM)
my starement is 14th. saw the 0.1% on 14th posted but not the 0.9%. spend both on shopee and bigpay.
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QUOTE(MGM @ Oct 19 2019, 09:37 AM)
I haven't received mine too but my statement date is 15th, normally posting date is 17th, but would take a couple of days to be reflected online.
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Have u got the 0.9% cashback? Mine still not in, looks like not getting, bigger amount this round, swiped rm16k with CL of 24k. ranting.gif
MGM
post Oct 21 2019, 07:03 PM

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QUOTE(cclim2011 @ Oct 21 2019, 06:44 PM)
hi mgm, i have gotten mine 0.9 posted. probably just need approval for larger amounts.
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sweat.gif Got mine too, rm144 posted on 21Oct, never has been this late. When was yours credited?
MGM
post Oct 22 2019, 10:21 AM

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Doesn't Ocbc give 2/3 days grace period?
MGM
post Nov 4 2019, 10:41 AM

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QUOTE(sidefulnes @ Nov 4 2019, 10:20 AM)
#1. Bill Payment 1
#2. Bill Payment 2
#3. Bill Payment 3+n
What you did:
1. RM500 transfer - fulfilled requirement for RM500 deposit into account + RM 1 into CIMB - fulfill 1/3 Bill Payment
2. BigPay RM550 - fulfilled RM500 spending requirement + RM 500 deposit requirement (why do it twice?)

where is the other 2 transaction of your bill payment or IBFT?
To conclude from what I read, you only fulfilled 2/3 requirements for the 1.3%x3 interest rates

Please check above quote on cucikaki's fulfillment of bill payment breakdown.

Your plan to change:
1. Changing my CIMB account to my mother/father’s account - No different because I can fulfill by using my own accounts
2. From BigPay, transfer to my CIMB bank instead of back to the same OCBC 360 - No difference

My 2 cents (for your case since you mentioned BigPay)
1. Use OCBC card to topup BigPay
2. Transfer BigPay back into OCBC
3. Do 3+n IBFT to your CIMB or whichever non OCBC account (if you're using OCBC CC then bill payment is considered)
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Thanks.
MGM
post Nov 6 2019, 12:38 AM

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QUOTE(tiramisu83 @ Nov 5 2019, 11:34 PM)
why u guys made thing complicated..
my ways
1. Auto transfer RM500 from another bank to OCBC
2. Top up RM1000 using BigPay - you can transfer out to local bank with just 50 cents service charge now
3. Pay 3 credit cards (RM10 each)

Do it on 1st day of every month
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Yes simple n easy. thumbsup.gif
MGM
post Dec 5 2019, 01:41 PM

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QUOTE(smartfreak @ Dec 5 2019, 12:50 PM)
Thanks all for sharing. From all the reply, I guess to earn 4.1% interest we need to:
1. Deposit Rm500 into 360 and another Rm500 into 360-i. Total rm1k per month
2. Pay 3 bills for 360 and another 3bills for 360-i. Total 6 bills.
3. Top up big pay/spend RM500 using CC for 360 and RM500 using debit card for 360-i. Total RM1000.
Correct me if my understanding is wrong.
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Wonder how much significant gains can be made with this instead of those simple high interest account like MBB Saver-I?
MGM
post Dec 5 2019, 03:02 PM

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QUOTE(jefftan4888 @ Dec 5 2019, 02:38 PM)
How much is MBB Saver-I interest?
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QUOTE(avinlim @ Dec 5 2019, 02:52 PM)
how is the other bank rate?
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I think it is 2.1%, was 3% when I started using it. Average Hibah received rm10/month. What about u guy?

https://forum.lowyat.net/topic/1929385
MGM
post Dec 18 2019, 12:04 AM

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QUOTE(raymond5105 @ Dec 17 2019, 11:45 PM)
I checked online statement today, 0.9% is not credited into yet. They will usually post it within 2- 3 days but this month is a little slow. Let's check again in few days time.
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For mine, last month it took 7 days.
MGM
post Dec 21 2019, 10:51 AM

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QUOTE(cucikaki @ Dec 21 2019, 10:18 AM)
10% will be credited by end of Jan. i ask that day since tnc said the cashback will be forfeited by 31 dec. CS said a lot people call them already this past 2 weeks regarding this, there’s a slight delay from marketing department to compile the list of eligible users, hence all cashback will be credited latest by 31 january.
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What do u mean by cashback will be forfeited?
MGM
post Dec 22 2019, 06:20 PM

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QUOTE(Feliex @ Dec 22 2019, 06:11 PM)
What about this? A new type of account?
MGM
post Dec 22 2019, 08:08 PM

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I think it is a new product n not a replacement. The bank can always change the benefits of ocbc 360.

This post has been edited by MGM: Dec 22 2019, 08:09 PM
MGM
post Jan 3 2020, 12:44 AM

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So no change of benefits for ocbc 360 4.1% in 2020 as rumoured?
MGM
post Jan 14 2020, 05:55 PM

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QUOTE(toews19 @ Jan 14 2020, 05:50 PM)
Is it capped at RM500 ?
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No, just checked mine, got more than that

This post has been edited by MGM: Jan 14 2020, 05:57 PM

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