OCBC 360 Account New Interest Rates (Effective from 02May20)
So following DBS and UOB, OCBC is reducing their interest rates in view of the falling interest rate environment and probably with the tougher climate.
They have slashed interest rates and removed the Boost bonuses.
Like my previous post, let's do the spreadsheet again.
Currently, it would seem the interest rates would be more skewed towards those with large balances of 60-70k.
Conclusion
I will be still sticking to this account, I doubt it will overflow within this year (unless we see a V-shape recovery fast), as there should be a lot of funds being shifted into equities for me.
If it starts to overflows, I will probably look to start to shift funds to CIMB Fastsaver until it is sizeable, then shift to UOB One/DBS Multiplier by asking HR to split my salary payout.
I still like the OCBC Goal Based savings which DBS Multiplier doesn't have.
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