Bonus 1% P.A. Interest with OCBC 360 Account - Extended to 30 September 2018
[Update: The 1% Bonus has been extended until 30 September 2018]
The OCBC 360 Account is one of my preferred saving accounts of choice since it gives up to 3.05% p.a. in bonus interest on up to S$70,000 of your account balance. It also gives an additional 1% p.a. on the first S$70,000 if your account balance is S$200,000 and above (but this is something you should ignore since there are better ways to invest your money). There is currently a promotion (which reminds me a little bit of the previous promotional mechanics) which offers an extra 1% p.a. interest on incremental balance based on the month on month average.
Photo Credit: OCBC
If your average monthly balance for March 2018 was S$70,000, bringing the average balance up to S$100,000 in April 2018 will earn you an additional 1% p.a. on that additional S$30,000. In order to fully maximise this promotion, it is worth looking at whether or not bleeding your account back to S$70,000 in May (so that you can bring it back up to S$100,000 in June) makes any monetary sense.
Following the November 2025 devaluation, the value of a KrisFlyer mile has undoubtedly dropped. While Saver awards remain the gold standard, it is time to revisit a perk that has always existed but is often ignored: the Advantage Award stopover. By leveraging the complimentary stopover on one-way Advantage redemptions, you can effectively book a second holiday for free - provided you travel within 30 days.