October China Bank issued a notice on its official website saying that the interest rate structure of 360 savings account remains unchanged, but the specific interest rate has been lowered, and the highest effective annual interest rate for the first 100,000 yuan deposit has dropped from the current 6.3% to 5.45%. The deposit interest rate for the first 100,000 yuan in the "grow" category of accounts has been lowered from 2.2% to 2%.
After lowering the interest rate of 360 savings account on May 1, OCBC Bank announced again on Friday (June 27) that it would lower the interest rates of multiple savings account from August 1.
October China Bank has lowered the interest rate of Bonus+ savings account from 2.35% to 1.80% starting from June 1, and this time it has dropped to 1.6%.
Overseas Chinese also lowered the highest interest rate of Premier Dividend + Savings Account from 2.35% to 1.25%. OCBC pointed out that the adjustment is intended to reflect changes in the current market interest rate environment. The bank will continue to examine the interest rate structure to ensure that the products are consistent with the market environment while providing customers with attractive returns.