So after DBS reduce the bonus interest on their DBS Multiplier Account, it is UOB’s turned to reduce the bonus interest on their UOB One Account.

The UOB One have been a popular account among many because you would only need to fulfill $500 a month of credit card spend plus 3 GIRO transactions / Salary credit.

Come 1st May 2020, UOB One’s Bonus Interest Will be Reduced as Well:

The reduction looks much more massive than DBS’s reduction.

UOB help you compute how much in absolute amount you can earn.

I have worked out the average interest rate if you held the maximum $75,000 in your account. The interest reduction looks significant. To be fair 1.8% a year is not too bad.

However, because UOB have been tightening what they deem as eligible spend on their credit card. The reward is slowly not