Earn Higher Interest Yearly With 360 Account (2023)

• Why you will love this
• Who can apply

Earn up to a maximum 3.25% interest a year

Maximise the interest on your first RM100,000 when you deposit, pay and spend

Enjoy extra interest on your savings with no lock in period

Age 18 and above

Malaysian Citizens, Permanent Residents and Non-residents (subject to the country of origin)

On your entire balance.

Deposit at least RM500 every month.

When you pay at least 3 bills online every month.

When you spend at least RM500 on your OCBC Card(s) every month.

Enjoy up to 3.25% maximum interest a year on your savings.

Apply online

or fill in your details to get us to contact you.

1. How different is the OCBC 360 Account from other savings account?

   The OCBC 360 Account is a savings account that pays you bonus interest when you do all or any of these:

   • Deposit at least RM500 every month
   • Pay at least 3 bills online every month
   • Spend at least RM500 on your OCBC Debit/Credit card(s) every month
2. How is the interest calculated?

   You get 2 types of interest on your account balance every month.

   1. Base interest: This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month.
   2. Bonus interest: This interest is based on the first RM100,000 of your account's average daily balance for that calendar month when you fulfil all necessary requirements for "Deposit", "Pay" and "Spend" pillars. You will receive by the 14th business day of the next month; truncated to 2 decimal places. Business day is a day that is not a public holiday in Kuala Lumpur or Saturday or Sunday.
3. Can I open more than one 360 Account?

   No, you may only open one account where you are the Primary Account holder. This means that if you already have one account in your single name, you will not be allowed to open a joint account as a primary accountholder.

4. What happens if I close my 360 Account before the interest crediting date?

   You will receive the prevailing Base Interest paid up to the day before the account closure. However, you will not be eligible for the Bonus Interest(s).

5. Do I need to "time" my eligible transactions?

   Yes. There is occasionally a delay between when a transaction is performed by you, and when the transaction is posted to your account. Delays in the posting of transactions are due to various reasons, such as processing time, cut-off times, business days, etc. As such, only transactions that meet the qualifying criteria and are posted to your account within the month are counted towards payment of the Bonus Interest. The Bonus Interest will be paid out based on your average daily balance (up to a limit of RM100,000).

6. How do I calculate the total interest earned for a month?

   You may refer to the Product Information Sheet for an illustration or use the Online Calculator; please also note the different calculation conventions between base interest and bonus interest (summarised in the table below).

1. How do I qualify for the Bonus Interest - "Deposit" Pillar

   Just deposit cash/cheque amounting to RM500 and/or fund transfer from other banks. As suggestion, you may

   • Set this account as your salary crediting account.
   • Or set a recurring fund transfer from other bank account.

   However, Base Interest and Bonus Interest are not considered deposits eligible for the Deposit Bonus Interest.

1. How do I qualify for the Bonus Interest - "Spend" Pillar

   For Credit Card

   • The 360 Account Primary accountholder has to be the Principal credit cardholder.
   • Transactions charged by the Supplementary cardholder will be consolidated under the Principal credit cardholder's spending.
   • Only net¹ retail spending posted within the same calendar month will be eligible.

   For Debit Card

   • The 360 Account must be tagged as the Fast Cash account for the debit card.
   • The joint accountholder's debit card spending is recognised (but must be tagged to the same OCBC 360 account as the Fast Cash account).
   • Only net¹ retail spending posted within the same calendar month will be eligible.

   Amounts not eligible for the Spend Bonus Interest:

   • Annual fees and charges
   • Balance transfers
   • Amounts converted to the Installment Payment Plan or other similar plans.
   • Retail transactions subsequently cancelled, voided or reversed at any time and for whatever reason.

   ¹Net retail spending is defined as: Amount spent on retail transactions less amounts cancelled, voided or reversed in the calendar month.

2. In what situations would I not qualify for the Spend Bonus Interest?
   • If there are any cancelled, voided or reversed transactions which result in your net¹ spending for the calendar month falling below RM500.
   • If your retail transaction has already been charged but not yet posted within the same calendar month. Retail transactions charged on the last few days of the month may only be posted in the following month.
   • All FPX and DuitNow QR transactions.

   ¹Net retail spending is defined as: Amount spent on retail transactions less amounts cancelled, voided or reversed in the calendar month.

3. If I spend RM200 on my credit card and RM300 on my debit card, will I still be eligible for the Spend Bonus Interest?

   Yes, if the combined net¹ amount of both cards were fully posted within the same month.

   ¹Net retail spending is defined as: Amount spent on retail transactions less amounts cancelled, voided or reversed in the calendar month.

4. My OCBC 360 Account is jointly held with my wife. Who will be eligible for the Spend Bonus Interest?
   • You and your wife jointly open a 360 Account
   • You are the primary accountholder while your wife is the secondary accountholder
   • You and your wife are principal credit cardholders

   	Only Credit card spend by you (primary account holder) and your son will be recognised
   	Credit card spend by your wife (secondary account holder) will not be recognised

5. My OCBC 360 Account is jointly held with my wife. If she spends RM550 on her own OCBC Debit Card, and I spend RM300 on my own debit card, will we be eligible for the Spend Bonus Interest?
   • You and your wife jointly open a 360 Account
   • You and your wife's debit cards are tagged to OCBC 350 as your Fast Cash Account

   	Your debit card spend (primary account holder) will be recognised
   	Your wife's debit card spend (secondary account holder) will be recognised

6. Can my credit card/debit card spending qualify for the OCBC 360 Account/-i Spend Bonus Interest?

   Type of Card	Qualify for the OCBC 360 Account Spend Bonus?	Qualify for the OCBC 360 Account-i Spend Bonus
   Credit Card	Yes	No
   Debit Card	Yes, if the 360 Account is tagged as Fast Cash Account	Yes, if the Account-i is taggedas Fast Cash Account
   Debit Card-i	No (as the Debit Card-i's fast cash account must be Islamic account)	Yes, if the 360 Account-i is tagged as Fast Cash Account

7. Do I qualify for the Spend Bonus Interest if I top-up my e-wallet using the 360 Account?

   Yes, if you top-up your e-wallet using your *credit card/debit card with the 360 Account as Fast Cash Account only.

   If you top up your e-wallet via FPX and DuitNow QR transfers, you will not qualify for the Spend Bonus Interest.

   *Refer to questions 4 - 6 for credit/debit card spending eligibility criteria

1. How do I qualify for the Bonus Interest - "Pay" Pillar

   You just need to pay any 3 UNIQUE bills with your OCBC 360 Account through OCBC Online Banking (e.g. transfer to OCBC credit facilities/ JomPAY/ Interbank GIRO / DuitNow) every calendar month.

   For jointly-held accounts, eligibility for the Pay Bonus Interest will be based on the total number of payments done through the OCBC 360 Account within the calendar month, by either one or both accountholders.

2. What is considered a bill to earn the Pay Bonus Interest?

   All the billers listed under bill payment, JomPAY, OCBC Credit Card payment and OCBC Home Loan payment.

3. Do monthly instalments and Standing Instructions qualify for the Pay Bonus Interest?

   Yes, monthly instalments and standing instructions qualify for the Pay Bonus Interest so long as it is made from the channel of OCBC Online Banking to any of the below:

   • OCBC/OCBC Al-Amin home loan or financing facility
   • Any account with any bank/financial institution other than OCBC/OCBC Al-Amin
   • Participating billing organisations
4. Are there any payment channels that are not qualified?

   Only payments made via the Financial Process Exchange (FPX) and DuitNow QR platforms do not qualify.

   Payments made online, Interbank GIRO and DuitNow through the OCBC Online Banking channel qualify.

5. If I pay my insurance premium or any of my bills from my OCBC Credit Card, am I eligible for the Pay Bonus Interest?

   No. Payments from your OCBC Credit Cards are eligible for the Spend Bonus Interest instead. To qualify for the Pay Bonus Interest, you must make the payment(s) from your OCBC 360 Account.

6. I made 3 payments to my loan facility account. Why did I not receive my Pay Bonus Interest?

   Multiple payments within the same month to the same merchant, payee, account and/or billing organisation will be deemed as ONE bill payment.

   However, if you have made multiple payments to different accounts within the same billing organisation and each payment may be uniquely identified to a distinctive account, you will be eligible for the Pay Bonus Interest.

7. Are there any payments that are not considered eligible?

   Any payments that are subsequently cancelled, reversed or voided will not be eligible for the Pay Bonus Interest.

8. Can I use JOMPAY on the Mobile Banking Application?

   Yes, but you must register a JomPAY biller on Internet Banking first so that it will appear on your Mobile Banking Application and thereafter, you may use JomPAY to pay your bills via the Mobile Banking Application.

   Note: Billers must be registered on Internet Banking for them to appear on the Mobile Banking Application. You cannot add Billers via the Mobile Banking Application.