Personal Finance
UOB One interest rate at up to 7.8% p.a. Is it better than OCBC 360?
By Beansprout  •  December 1, 2022
Today, UOB raised the maximum bonus interest rate on the UOB One account from 3.6% to 7.8% p.a. If you have been following the latest news, you will know that OCBC 360 was previously offering the best interest rates among the local banks. With this new announcement, will UOB One dethrone OCBC 360 as the best deposit account in Singapore? Is UOB One better than OCBC 360 now? Let’s find out using math!

What you need to know about UOB One

For those who missed my previous article, let me highlight the key features of UOB One. UOB One requires you to make minimal effort to earn the maximum interest rate possible.  All you have to do is to spend a minimum sum of $500 on eligible credit cards and credit your salary via GIRO. Two simple steps and you are done! This is so much easier and better than signing up for endowment plans or insurance....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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