青出于蓝而胜于蓝。笨mummy introduced the OCBC bonus plus to a friend during the CNY promotion. Being a SAHM and a ex-accountant, this friend of her had devised her own plan to maximize her interest from this saving account for her household which 笨mummy would never think of. To benefit more people, 笨mummy is going to share how the plan work.

Friend and hubby opened 2 separate  accounts OCBC Bonus Plan which require a minimum monthly balance of 3k. They have 100k in their CIMB account and they would also do a incremental of 500 saving to enjoy the bonus interest of 0.8% in their CIMB account. As part of their plan, they would do doing a lump sum movement of fund from CIMB to OCBC bonus plus account 1 in Mar, and Sep and a lump sum movement to OCBC bonus plus account 2 in Jun and Dec to enjoy the bonus interest of 2.35% and the CIMB account would still be a parking account. 

Months	Fund movement			Interest
	CIMB	OCBC Bonus Plus Acct 1	OCBC Bonus Plus Acct 2
Jan	100K	3K	3K	CIMB interest = 100K x 0.80% /12 OCBC interest = 3K x 0.6% / 12 x 2	S$69.67
Feb (add 500 increment to CIMB	100K + 500	3K	3K	CIMB interest = (100K + 500) x 0.80% /12 OCBC interest = 3K x 0.6% / 12 x 2	S$70.00
Mar (add 500 increment to OCBC plus 1)	5K	3K + 96K	3K	CIMB interest = 0% OCBC interest = (3K + 95K) x 2.35% /12 + 3K x 1.15% / 12	S$194.79
Apr (add 500 increment to CIMB	101K + 500	3K	3K	CIMB interest = (101K + 500) x 0.80% /12 OCBC interest = 3K x 0.6% / 12 x 2	S$70.67
May (add 500 increment to CIMB	102K	3K	3K	CIMB interest = (102K) x 0.80% /12 OCBC interest = 3K x 0.6% / 12 x 2	S$71.00
Jun (add 500 increment to OCBC plus 2)	5K	3K	3K + 97K + 500	CIMB interest = 0% OCBC interest = 3K x 1.15% / 12 + (3K + 97K +500) x 2.35% /12	S$199.69
Jul (add 500 increment to CIMB	103K	3K	3K	CIMB interest = (103K) x 0.80% /12 OCBC interest = 3K x 0.6% / 12 x 2	S$71.67
Aug (add 500 increment to CIMB	103K + 500	3K	3K	CIMB interest = (103K + 500) x 0.80% /12 OCBC interest = 3K x 0.6% / 12 x 2	S$72.00
Sep (add 500 increment to OCBC plus 2)	5K	3K + 99K	3K	CIMB interest = 0% OCBC interest = (3K + 99K) x 2.35% / 12 + (3K) X 1.15 %/12	S$202.63
Oct (add 500 increment to CIMB	104K + 500	3K	3K	CIMB interest = (104K + 500 ) x 0.8% / 12 OCBC interest = 3K x 0.6% / 12 x 2	S$72.67
Nov (add 500 increment to CIMB	105K	3K	3K	CIMB interest = (105K) x 0.8% / 12 OCBC interest = 3K x 0.6% / 12 x 2	S$73.00
Dec (add 500 increment to OCBC plus 2)	5K	3K	3K + 100K + 500	CIMB interest = 0% OCBC interest = 3K x 1.15% / 12 + (3K + 100K +500) x 2.35% /12	S$205.56

Total interest received = 1,373.33 and the deposit in banks = 111K + 500, and the interest rate is 1.23% which is better than parking at CIMB alone or OCBC alone (effective rate about 1.18%)

Update for Mar15

Mar 15 is a "actionless" period for 笨mummy. No dividend payout from any of her shares and there was nothing that catch her eyes during her SGX window shopping time. 
Hence there is no changes to her table of dividend.

Dividend received in Year 14	$ 8,241.99
Dividend received in Mar’ 15	$ 0
Dividend received in Year 15 to date	$ 660.71

OCBC Bonus + account

笨mummy signed up for this account during OCBC's CNY promotion. Although some may say that the interest rate is not that high, and only average out to be 1.18% pa which is so much lower than their 360 account as well as other banks deposits offer such as the 1.88% pa promotion from POSB.
笨mummy has already max out her 360 account limit of $50k and give the structure of the Bonus +, 笨mummy does not need to park in a big lump sum to enjoy that benefit but able to accumulate 10k in 3 months to park that into the account to enjoy 2.35% (笨mummy does not have a lot of cash at hand and would slowly accumulate in her DASH easy saving account every month) and the effective interest rate is definitely higher than the average of 1.18%pa.

There is also no lock in period, the most is to wait for the end of a quarter to take out the money if you have desperate need for money to enjoy the higher interest.