OCBC 360 savings account was one of the most popular savings accounts due to the attractive interest. However, the bank has cut the interest rates yet again for the fourth time.
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OCBC 360 accounts balance of up to $25,000 will earn 0.3% instead of 0.4% for salary credit.
Balance S$25,000 to S$50,000 will drop from 0.8% to 0.6%.
Standard Chartered Jumpstart savings account has also taken a similar turn.
From 1% to 0.4% for the 1st $20,000
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