OCBC to trim interest rate for flagship 360 Account from May 1
The first S$100,000 will earn 4.45% per annum, down from the current 5.45%, when the change kicks in
[SINGAPORE] OCBC will lower the interest rate for its 360 Account with effect from May 1, 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 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.
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.
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.
The maximum interest rate on the DBS Multiplier account, meanwhile, is 4.1 per cent per annum for the first S$100,000.
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