UOB recently made the hoo-ha with their new (up to) 7.8% interest rate on savings in their UOB One Account. Of course, a lot of people saw straight through the marketing gimmick of their high-interest rates and started flaming it online. We are not going to comment on the mechanics used to gather eyeballs and attention. We are going to show below what the real effective interest rates we savers are going to get from UOB One Account, removing all the marketing gimmicks and fluff. Source: UOB One Account Recommended Read: What I Learnt During My 1-Year SGUnited Traineeship - Part 1

1. Conditions for Higher Interest

Conditions:

1. A) Spend min. $500 (calendar month) on eligible UOB card
2. B) Make 3 GIRO debit transactions (calendar month)
3. C) Credit your salary (min. $1600) to your UOB account

We did the math and plot the interest rates you are actually going to be getting on a graph for your easy reference....