Saving & Spending
Big Nerf: UOB One Account Interest Rate Reduced
By Sethisfy  •  April 1, 2024
In what is perhaps inevitable, a reduction of interest rate of the UOB One account has been announced. From 1st May 2024, the maximum effective interest rate that one can enjoy from the popular high-yield savings account will be 4% p.a. This is a sizeable drop from the current 5% p.a. on S$100,000 balance. Here’s a look on how our monthly interest would be affected and alternatives to look at. ...
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.

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