Ocbc 360 account only for savings

Hello everyone , l wanna ask if you first saved $500 on the first month does it mean that l need to saved more than $500 for my previous month to get that bonus 1.20% interest rate every month , am l right ?

Hello everyone , l wanna ask if you first saved $500 on the first month does it mean that l need to saved more than $500 for my previous month to get that bonus 1.20% interest rate every month , am l right ?