28 Mar '17, 6am

OCBC won’t cheat you anymore! LOL: Apparently I heard from my father that there was a 3 page advertisement on this.…

Apparently I heard from my father that there was a 3 page advertisement on this. I don’t know because I’m a millennial and I read news online. Anyway, LOL. I have to say though, they were very tricksy in the past. Examples? Their Bonus+ account with up to 2.35% pa! Sneaky? Yes, very much so becauase the T&Cs state you only get 1.18% pa, which was another lie, because there were hoops to jump through for that. In the end the real interest rate was 0.768%. Anyway, it looks like they have of course updated their website since coming up with their new promise. As a customer, I think it’s pretty good that they have all the actual proper information clearly stated and simply put. It’s a good progression for the industry for banks to just lay it out straight, instead of using pumped up numbers to …

Full article: http://thefinance.sg/2017/03/28/ocbc-wont-cheat-you-anymo...

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