360 Account

Your money will work as hard as you

As you start working, get an account that pays you up to 3.25% per year bonus interest for your day-to-day banking transactions such as salary credit, bill payments, credit card spending, insurance or investments and incremental account balances.

Show me how to apply

Why use 360 Account over others?

Higher interest for young professionals

With your first job comes your first salary.  Get the most from your money by crediting them into an account that gives you higher interest rates. 360 Account gives you a higher interest rate (1.2% per year) just by crediting your salary.

Earn interest from bill payments and spending

By now you are probably paying for bills and making purchases with different credit cards. Pay using this account and spend with OCBC Credit Cards to earn extra interest.

Earn more interest when you insure or invest

Are you thinking about protecting yourself financially from unexpected events or growing your money by investing? Start insuring or investing with us and get bonus interest on your 360 Account.

The simplest online and mobile banking experience

Set up sub accounts for your saving goals. Keep track of your spending by categories, as well as set budgets and alerts via SMS / email. You can also keep your spending in check by seeing how other people like you manage their money.

Earn bonus interest when you do all or any of these


Bonus Interest on the first S$60,000 of your account balance
On any incremental account balances

Credit your salary 1.2%

per yearCredit your salary of at least S$2,000 through GIRO into the account every month.

Pay 3 bills online
0.5%

per yearPay any 3 bills online or through GIRO from this account every month.

Spend S$500
0.5%

per yearSpend at least S$500 on OCBC Credit Cards every month.

Insure or invest
1%

per yearInsure or invest in eligible financial products with OCBC


1%

per yearIncrease your account balance from the previous month’s balance.

 

You will earn a base interest of 0.05% per year on your entire account balance.

OCBC 360 Account Interest Calculator

What if I didn’t do all of the above?

On the months you do less of the above transactions, you will earn less bonus interest. For example; if you only credited your salary for that month, you will earn interest at a rate of 1.2% per year for that month.

Have more questions?

This page will tell you all you need to know about OCBC 360 Account.

FAQ

Use your fingerprint to check your bank balances with OCBC OneTouch on our Mobile Banking App.

Save for your dreams with the FRANK Savings Goals. You are more likely to overspend, if you don't develop a habit of setting aside a specific amount of money as savings. Always pay yourself first.

Set budgets and get alerts through SMS or email. Budgets are easy to stick to with SMS and email reminders. Every dollar counts when it comes to achieving your dreams.

Set saving goals that make automatic savings each month, and track your progress towards each goal.

Set up your Savings Goals online with your own pictures. Cash placed in your Savings Goals are locked in. You can release that cash anytime via Online Banking.

People who write down their goals are 42% more likely to achieve them as compared to those who do not, according to a study conducted at Dominican University in California.

Find out how much people like you are spending and saving, and see where others like you put their money.

It does all the hard work of organising and categorising your spending, leaving you free to do the things you really want to do.

It gives you a big picture of all your assets and liabilities on one page.

Money In$ights automatically shows exactly where your money is going.

Manage your money on the go with Mobile Banking. Scan and pay bills immediately anywhere. Available on iPhone and Android.

Transfer funds and send money to anyone easily. Available on iPhone and Android.

Go paperless with e-statements. Download and store your e-Statements easily on your computer. You can retrieve your e-statements on Online Banking anytime, anywhere.

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Get a FRANK Debit Card with your 360 Account. Choose from over 120 designs.

Card design fee will be waived when you apply for the 360 Account with salary crediting and tagged to FRANK Debit Card.

Fees and charges

S$1,000 initial deposit to open a 360 Account.

You have to maintain a monthly minimum balance of S$3,000, if not a monthly balance fall below fee of S$2 will be charged. This monthly balance fall below fee is waived for the first year.

Am I eligible for the 360 Account?

You need to be 18 years old and above.
Singaporeans, Permanent Residents,
E-Pass and S-Pass Holders only.

Remember to bring along your NRIC (Passport and E-Pass/S-Pass for foreigners)
and prepare S$1,000 for initial deposit.

What documents do I need to open an account?

For Singaporean/ Singapore PR:

  1. NRIC
  2. $1000 for initial deposit
  3. One of the following
    1. Local Phone bill
    2. Half-yearly CPF Statement
    3. Any bank statement

Foreigner:

  1. Passport
  2. Employment Pass or S-Pass
  3. $1000 for initial deposit
  4. One of the following
    1. Local phone bill
    2. Half-yearly CPF Statement
    3. Any bank statement

How to apply

Apply Online

Sign up for your account online. You will need your NRIC, Signature and Supporting Documents.
APPLY ONLINE NOW

Online Banking

For existing OCBC Savings or Current Account Customers. Account is opened within 2 – 3 working days.

LOGIN NOW
 

Visit a Frank Store

Visit any FRANK store and let our ambassadors guide you through the sign up process.
Frank store locations

More details about the 360 Account

Insured Deposits Register
Automatic Standing Instruction
Online Banking
GIRO
Fees & Charges
Deposit Insurance Scheme
Policy Owners’ Protection Scheme
Important Notice for Insurance
Important Notice for Investments
Terms and Conditions Governing the OCBC 360 Account
Unit Trust Disclaimer
Structured Deposits Disclaimer
Terms and Conditions Governing Deposit Accounts

Terms & Conditions

*Promotional interest rates are subject to change without prior notice.

^Based on a shared ATM network with UOB Bank.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Policy Owners' Protection Scheme

This plan is protected under the Policy Owner’s Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Important Notice for Insurance

The insurance plans are provided by The Great Eastern Life Assurance Company Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group and Transamerica Life Bermuda Ltd. The insurance plans are not bank deposits and OCBC Bank does not guarantee or have any obligations in connection with it.

You may want to seek advice from a financial adviser before committing to buy the product. If you choose to not seek advice from a financial adviser, you should consider if the product is suitable for you.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable may be less than the total premiums paid.

This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and benefit illustration (available from us) before deciding whether to buy this product.

We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document. This document may be translated into the Chinese language. If there is any difference between the English and Chinese versions, the English version will prevail.

Important Notice for Investments

The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.

Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy.

No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

The information provided herein may contain projections or other forward-looking statement regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same. This presentation and its contents are considered proprietary information and may not be reproduced or disseminated in whole or in part without our written consent.

Oversea-Chinese Banking Corporation Limited ("OCBC Bank") and OCBC Securities Private Limited ("OCBC Securities") are related but separate entities. All securities trading services and products are offered by OCBC Securities and are subject to the relevant terms and conditions of OCBC Securities.

Trading in securities can be very risky, and you may lose all or more than the principal amount invested. This is particularly so when you need to (i) make your own trading decisions and (ii) ensure each trade is specifically suitable for you – the only basis for trading through or with OCBC Securities Private Limited.

Unit Trusts Disclaimer

The information contained herein has been prepared by OCBC Bank, the issuer and manager of the fund. It is for general information only. It does not take account of your specific investment aims, financial situation or needs.

This is not a formal offer for this product. We are not recommending that you buy this product as you must first assess whether it is suitable for your investment needs. You should speak to a financial adviser before you buy an investment product. The financial adviser will look at your specific investment aims, financial situation and particular needs before advising you on whether the product is suitable for you. Of course, if you decide not to get advice from a financial adviser, you should consider carefully whether this product is suitable for you.

The investment objective of the fund is more particularly described in the fund prospectus. You can get a copy of the prospectus of the fund from the manager of the fund, or any of its approved distributors. You should read the prospectus for details of the fund before deciding whether to subscribe for, or buy, units in the fund. The value of the units in the fund and the income building up from the units, if any, may fall or rise.

The information in this document may contain projections or other predictions regarding future events or the future performance of countries, assets, markets or companies. These may be different from actual events or results. Past performance figures are not necessarily an indication of future or likely performance. Any reference to any specific company, financial product or asset class is used as an example only. We (OCBC Bank), and any of our related and connected companies, and their directors and employees (known as ‘related people’), may have interests in, and may make transactions in, the products mentioned in this document. We may have connections with, and may receive a fee from, the product providers. Product providers may also be related people, who may receive fees from investors. We and our related people may also carry out or try to carry out broking and other financial services for the product providers.

We have done all we can to make sure that this document is accurate at the time of printing, but we are not responsible if there are any errors or missing information. If the document becomes out of date, we do not have to replace it. We are not responsible for any direct or indirect loss or damage arising in connection with, or as a result of, any person acting on any information provided in this document.

Please do not reproduce or share any of the information in this document without our written permission.

Structured Deposits Disclaimer

Unlike traditional deposits, structured deposits have an investment element and returns may vary. The initial investment amount of a structured deposits will be returned to you only if you hold it until maturity date. Early withdrawal of structured deposits may result in you receiving significantly less than your initial investment amount. You further understand that you will bear any cots and charges associated with such early withdrawal of the structured deposits. OCBC Bank may have the right to terminate the structured deposits and return an amount in cash to you from the due settlement of the structured deposits before the maturity date. You may be exposed to inherent exchange rate risks and exchange controls when you place a Structured Deposit.

Structured deposits are not insured deposits for the purposes of the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore. You may wish to seek advice from a licensed of an exempt financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

The proposed transaction(s) herein (if any) is/are subject to the final expression of the terms set forth in the definitive agreement(s) and/or confirmation(s). No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.