Reader: Understand that you have UOB One Card. Recently, a UOB Personal Banker approaches me regarding the other usage of One Card to earn higher interest in the One Account. Instead of spending $500, one can just save that $500 through a Prudential savings plan. This $500 will be deducted from the One Card every month for 5 years. After which, the total amount deducted will be locked for another 10 years. At the end of the 15 years, one can earn an effective interest p.a. of about 3.13%. The principal is guaranteed. In this way, one does not need to force spend every month to reach the $500 target in order to earn a higher interest on the One Account. Through this method, one can also earn higher interest as this $500 is "spent" on the savings plan, by utilizing the One Card. What do you think of this? Appreciate if you can talk to yourself ......