My emergency funds has been deposited in both OCBC 360 and Standard Chartered Bonus$aver account for quite some time now. At the start of the month, I decided to make the effort to open the UOB One account. UOB One account offers up to 3.33% interest annually for up to S$50,000. Really? There are always terms and conditions to the interest rate. The interest rates are tiered for the UOB One account. See below.

Source - UOB One Account - How it works?

So the effective interest is no where close to 3.33%. In order to get the highest effective interest rate possible, account holders have to 1) maintain S$50,000 in the account; 2) Spend S$500 on your UOB One Card every month for 12 months; and 3) Credit your salary of minimum S$2,000 monthly or make three GIRO debit transactions monthly. Fulfilling all the above conditions, with ...