OCBC unveils higher interest rates for 360 deposit account

It will now pay up to 3.25% per annum.

OCBC today revealed that its 360 Account will be equipped with a higher interest rate starting May 1 2015.

OCBC noted that customers will now be paid a 1.2% interest rate by crediting their salary to their accounts, up from 1% previously.

Depositors can also earn an interest of up to 3.25% per annum by banking more with OCBC.

For instance, customers who buy eligible financial products such as endowment plans of at least $8,000 and unit trusts or structured deposits of at least $40,000 will get a bonue interest of 1% for twelve months.

Customers will also get a bonus interest of 1% p.a. on the incremental balance between the current month and the previous month.

There is no minimum incremental amount and the maximum amount is capped at S$1 million for each month.