OCBC announced on 1st April 2015 in what turns out to NOT have been an April Fool's joke that it will be tightening the terms on it's 360 account, which offers up to 3.05% in interests annually on deposits up to S$50,000. This is the highest rates on a savings account available in the market at the moment.
To help you better understand the changes to the account terms, I have provided a summary table as well as embedded an analysis tool which you can use to determine how much interests you will receive on the OCBC 360 account, pre and post 1st May 2015.
Summary of Changes
OCBC 360 Account Analysis Tool
L.A.M.
OCBC 360 Account Analyser: Download Link
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OCBC 360 Account Analyser: Download Link
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