UOB ONE Account

[Vulpix]

Effective interest drops to about 1.8% from 1st May.

Wah lau 1.8% very low leh...

 

[yukirin92]

Effectively 0.6% less but there simply isn't a better alternative for relatively safe 1.8% pa returns while ensuring liquidity.

Definitely should be looking to DCA the S&P regardless.

 

[luvpraline]

So low.. only 1.8% for 75k

Below, I've worked out the EIR depending on your account balance:

Up to / EIR %
15000 / 1.25
30000 / 1.28
45000 / 1.30
60000 / 1.33
75000 / 1.80

Where are you all shifting your funds to?

 

[Stallone]

for 75k, interest will only be 1.796% max

 

[final1]

Alternatives are:

BOC Smartsaver
Maybank Saveup
SCB Bonusaver

Though they each have their own conditions to fulfill which may or may not be possible for you.

 

[GameboyX]

i quickly flipped through other similar accounts, end up UOB One still best for me.

sigh, welcome to new reality i guess

 

[Trazora]

Alternatives are:

BOC Smartsaver
Maybank Saveup
SCB Bonusaver

Though they each have their own conditions to fulfill which may or may not be possible for you.

Also have dbs multiplier and ocbc 360

 

[Mickey01]

Alternatives are:

BOC Smartsaver
Maybank Saveup
SCB Bonusaver

Though they each have their own conditions to fulfill which may or may not be possible for you.

Am quite sure all will be revising their rates in the coming days.

 

[rrr2015]

UOBone revising their rates from 1May 2020 onwards
http://uob.com.sg/OneUpdate

Am quite sure all will be revising their rates in the coming days.

 

[deemon]

Every bank also revising downwards now. Don’t think got any better. Some drop to 1.2%-1.5%

 

[badsector]

Wah lau 1.8% very low leh...

if not low enough..

6th april...ppl will apply to defer loan payment mah

 

[shpesft]

OCBC 360 also nerfing their interest in May 2020

 

[twosix]

times are bad... bear with it. businesses also need to eat and survive...

 

[ChinTuaKi]

OCBC 360 also nerfing their interest in May 2020

Wah...really? What's the new interest rates?

 

[shpesft]

Salary bonus up to 2.4%

Step Up, Grow and Spend bonus down by 0.2%

Boost bonus removed

https://www.ocbc.com/personal-banki...ortId=MTIyMDAxNjAwNAS2#Interest-rate-revision

 

[yukirin92]

Salary bonus up to 2.4%

Step Up, Grow and Spend bonus down by 0.2%

Boost bonus removed

https://www.ocbc.com/personal-banki...ortId=MTIyMDAxNjAwNAS2#Interest-rate-revision

Wow very surprised they can still offer 2.4% without many hoops to jump through. Too bad I don't use any of their cards though, but guess 2.1% is good enough.

 

[tidalstorm]

Ocbc 360 eir is 2.1% (for 70k) if hit salary, cc spend of 500 and savings increased by 500 for that month. Correct?

 

[1a2a3a]

How did you guys get 2.1% for ocbc? Shouldn’t it be 2.4%? (1.2+2.4+0.2+0.4+0.2+0.4)/2

 

[yukirin92]

How did you guys get 2.1% for ocbc? Shouldn’t it be 2.4%? (1.2+2.4+0.2+0.4+0.2+0.4)/2

I don't use any of their CCs so 2.1 for me

 

[pcmdan]

Salary bonus up to 2.4%

Step Up, Grow and Spend bonus down by 0.2%

Boost bonus removed

https://www.ocbc.com/personal-banki...ortId=MTIyMDAxNjAwNAS2#Interest-rate-revision

Just checking, if I have no salary, can giro salary??

Does any of their card allow grab top up??