[Revise] OCBC 360 Account Interest Rates (from 1 July 2020)
Effective 1 July 2020, OCBC 360 account interest rates will be revised.
Unfortunately, interest rates have trended lower as central banks around the world ease monetary policy to support economic growth. The Federal Reserve, in particular, had cut US interest rates to close to zero in March to mitigate the economic impact of the COVID-19 pandemic.https://www.ocbc.com/personal-banking/notices.page#revision-interestrates-1july2020
Salary bonus will be revised to up to 1.20% p.a. from 2.40% p.a, and Spend Bonus will be removed.
Save bonus, Grow Bonus and Wealth Bonus remains the same.