Monday, July 21, 2014

OCBC 360 Account - 3.05%

http://www.ocbc.com.sg/personal-banking/accounts/360-account.html

I know that this is not a corporate bond or preference shares. But the fact is that it is giving us 3.05% which is more than some of the bonds or preference shares listed on SGX. To me, it is a great place to park my cash reserve especially when I can use it without incurring any charges. Moreover, it is paying me a monthly interest without the fluctuation of the market, which is fantastic.

I am putting money in and rebuilding my cash reserve.

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