I Found the NEW Highest Interest Savings Account | UOB One Account

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If you sign up for any of these services using my link, I will earn a small commission which helps support my channel at NO additional cost to you. And you will definitely get some referral benefits as listed here!

Disclaimer: Information provided in the video are not meant to be taken as professional financial advice and are strictly for entertainment purposes only. The content shared is based on the creator’s personal experience and results may vary from each individual’s personal finance situation i.e. DYOR

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Last video, I talked about OCBC 360 having the highest interest savings account at 4.65% p.a. and many of you have opened it and even told your HR to change bank account for salary credit.

BUT NOW, UOB One finally made their move to dethrone OCBC 360 as the highest interest savings account since 1 Dec 2022. And I’ll share with you, why it is the best now and watch till the end for special promo.

Headline rate 7.8% p.a. but don’t be fooled
- UOB practices tiered interest rate, so 7.8% is for the highest tier

Best Savings Account for both Employees and Self-Employed persons with the least requirements

Employees with Salary Credit
- Min $1600 Salary credit with code “GIRO-SALARY” or “PAYNOW-SALA” *new*
- Min Spend $500 on selected UOB Debit & Credit Cards
Eligible Credit Cards: UOB One, UOB Lady’s, UOB EVOL (NOT UOB Absolute Cashback)
Eligible Debit Cards: UOB One Debit, UOB Lady’s Debit, UOB Mighty FX Debit

With $100,000 savings, & fulfilling all criteria, you will earn EIR 5% p.a. (Better than OCBC 360 4.65%)
$100,000 * 5% = $5000 per year
Interest per month = $417
Semi-Passive income better than dividend investing without the market risk

Self-Employed Persons without Salary Credit
- 3 GIRO Debit Transactions (Bill payment like Telco, Credit Card, Insurance, Tax)
- Min Spend $500 on selected UOB Debit & Credit Cards
EIR 4% p.a. on $75,000 (above $75,000 only get 0.05%)
$75,000 * 3% = $2250 per year
Interest per month = $188 (Still not bad)

UOB 12 Gifts of Christmas Savings Promotion
Step 1: Register your participation from 1-5 December 2022
Step 2: Deposit a minimum of S$30,000 in Incremental Fresh Funds in an Eligible Account by 31 December 2022

Which credit card to choose?

#Sponsoredby #Webull

[HoneyMoneySG]

STOCK BROKERS & INVESTING

CREDIT CARDS & PAYMENT APPS

E-COMMERCE & SHOPPING
🏬 Lendlease Plus $5 referral code NsHQKY
🐠 Marina Square $5 referral code EoQjdG

ROBO-ADVISORS

If you sign up for any of these services using my link, I will earn a small commission which helps support my channel at NO additional cost to you. And you will definitely get some referral benefits as listed here!

Disclaimer: Information provided in the video are not meant to be taken as professional financial advice and are strictly for entertainment purposes only. The content shared is based on the creator’s personal experience and results may vary from each individual’s personal finance situation i.e. DYOR

[dovetofree]

It's always good to know that such interest rate will not last forever. SSB is still good for locking in the interest for 10 yrs, except its slightly lower when compared to uob/ocbc interest rate now.

[rockettv]

You know it would be really appreciative if you made more vids targetting the younger audience below 23 who arent able to get a credit card but are looking for savings hacks. It would really be much more appreciative and u will realise an increase in views as well

[perpetualquotes]

To get the interest payout we need spent more using their facility on obligatory .... comes 2 the same...!

[livedtea]

Differene of 0.1% or 0.2%, those with $1m got wake up?

[ratungelamun]

Is paynow sala same if we paynow from our other bank account and we put message “paynow sala”? Or it has to be direct from our employer? So troublesome if we need to go to HR to change bank details

[owariz]

UOB needs to have gender equality -UOB lady’s card…

[drax]

Hi Chris, which UOB card do u think is more worth it - UOB EVOL or UOB one credit card, do u think is more worth to meet the UOB one saving's minimum credit card spending of $500. Assuming the spending is mainly on transport (mrt, bus), grab, pay SP utilities, electricity bill and mobile bill.

[Unteroffizier]

There are risks in keeping over 75k in any one bank. Singapore MAS can only protect cover up to 75k of savings in any one bank over all accounts with it if the bank goes bust.

[joeyjoestar]

I am quite new to this bank interest, may i ask as the tier state first $30k to get 0.65% interest mean by amount $1 to $30k or must be exactly $30k?

[reddotfoodtravel]

say one has $150k, would the best combo still be 100k into ocbc with salary credit + 50k into uob with 3x giro?

[xtaltoh]

Hi Chris, may I know if I use UOB one to top up my Revolut $500, does it count?

[MrNetz]

Is the promotion applicable for existing customer?

[junl]

In short UOB one account. Save u 13min

[neutraluser]

Just beware that all conditions must be on same day, spend $500 and 3 GIRO or Salary credited. If you spend $500 on 1st of the month and your salary or 3 GIRO at the end of the month, say 26th then your 7.8% kicks in only on 26th and enjoy it for next 4 to 5 days, 30th or 31st. Next month is reset again. Just make sure your company or billing organizations credit or deduct on the same day that you spend that $500. 😄