This is a summary of one of OCBC’s saving accounts – 360 Account.
Minimum Balance Required = $3,000 ($2 fall below fee applies, waived for the first 6 months.)
Perform 2 online transactions (pay any bill, pay any credit card bill, giro) every month and earn the following interest rates:
First $25,000 = 0.10% p.a.
Next $25,000 = 1.28% p.a. (promotional rate, up from the normal 0.15% p.a.)
Above $50,000 = 0.20% p.a.
Otherwise, normal interest rates, currently at 0.05% p.a.
Comes with YES! Debit Card (No annual fee).
Much more straightforward with higher interest by putting money in cimb starsaver account with interest rate going at 0.8%
Good info but may want to verify that first 25k deposit should be 0.05% not 0.10%.