OCBC to trim interest rate for flagship 360 Account from May 1 

[SINGAPORE] OCBC will lower the maximum interest rate for its 360 Account to 4.45 per cent per annum on the first S$100,000, down from the current rate of 5.45 per cent.

The adjustment from May 1 is “in line with broader market conditions”, an OCBC spokesperson said on Tuesday (Mar 31).

This marks the first time in 2026 that the lender has revised interest rates for its 360 Account.

In 2025, it lowered rates for the flagship savings account twice. It first cut the maximum rate offered to 6.3 per cent per annum for the first S$100,000 effective May 1, 2025, from 7.65 per cent previously.

It then trimmed the rate further – this time, to the current 5.45 per cent per annum – from Aug 1, 2025.

OCBC’s 360 product is a deposit account that pays bonus interest on top of base interest of 0.05 per cent.

To earn bonus interest, account holders must meet certain criteria, such as having a minimum monthly salary credit of at least S$1,800; increasing the average daily balance by at least S$500 compared with the previous month; spending at least S$500 on eligible OCBC cards; and purchasing eligible insurance or investment products from OCBC.

Over at UOB, the One Account has a maximum effective interest rate of 1.9 per cent per annum for deposits of S$150,000, and a headline interest rate of 3.4 per cent per annum.

UOB last lowered the account’s interest rate on Dec 1, 2025, from a previous maximum effective interest rate of 2.5 per cent per annum for deposits of S$150,000.

SEE ALSO

DBS’ Tan Su Shan flags second-order risks from Middle East conflict despite limited exposure

The maximum interest rate on the DBS Multiplier account, meanwhile, is 4.1 per cent per annum for the first S$100,000.