Disappointed with Lower UOB ONE Interest Rates! So Why Am I Keeping my Money There?

Hey, savvy savers and followers of The Dividend Uncle channel! Welcome to another quick update that’s essential for all of us keeping an eye on our savings. Today, we’re diving into some important news from UOB – changes to the UOB One account interest rates, effective from 1 May 2024.

For those who’ve been banking on UOB One for the attractive interest rates, including this Uncle, there’s a bit of a shift coming our way. Known for offering the highest interest rates for a transactional savings account at 5%, UOB One is recalibrating its rates in response to the long-term interest rate outlook. Let’s break down what this means for your savings.

#financialfreedom #financialeducation #savingsaccount #liquidity
UOB One Account
DBS Multiplier
SCB Bonus Saver
OCBC 360 Account
Highest savings account in Singapore

[zhaoyun]

One of the main disadvantages of UOB One account is that UOB imposes a $5 bank charge if your average daily balance falls below $3, 000.