“What’s the best bank account?” people would ask. The most accurate answer is, “it depends”. It sounds like a cop out, but with bank accounts tying higher interest to different activities like spending and buying insurance products, as well as having different balance caps, and various other means of getting extra interest, it really is the case.
But if we really had to pick one – assuming someone of median income, average spending habits, and savings of an everyday salaryman – it’s really hard to go wrong with UOB One. Straightforward requirements Firstly, the requirements are really straightforward: you must spend $500 on a UOB card. Then, you have to either credit your salary of at least $2,000, or have 3 GIRO bills paid within the calendar month. That’s it; you have unlocked the bonuses of the account. Compare this to something like Bank of China SmartSaver, OCBC 360,...
