OCBC just slashed your 360 Account rate for the third time in twelve months, and by May 1st your realistic yield hits 1.95% — below the CPF Ordinary Account’s baseline 2.5%. The forums say just buy the stock and collect the dividend instead, but Iggy breaks down why swapping from tenant to landlord isn’t a free lunch. That headline 4.6% yield hides a 16-cent special dividend; strip it out and the ordinary forward yield drops below Iggy’s 4.7% minimum hurdle.
Key takeaways:
Your 360 Account’s 1.95% realistic yield is losing to CPF OA — that’s a negative carry blind spot most Singaporeans miss
The headline 4.45% rate requires hitting salary, spend, and wealth criteria simultaneously — most accounts never qualify
Depositor versus shareholder is a tenant-versus-landlord trade, and the landlord absorbs NPL and capital risk
Strip the 16-cent special dividend and OCBC’s ordinary forward yield falls to ~3.8–3.9%, below Iggy’s forensic floor
Watch Q1 2026 results on April 30th — one quarter at 1.84%…
