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....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!