As many of you will know. UOB One Account was one of the best high interest savings accounts before this. As long as you credit your salary into UOB One, and spend $500 on UOB credit cards each month. You could earn up to 5.00% on $100,000. For cash that you could withdraw any time, and basically risk free given this is UOB and SDIC insured. It was pretty much a no brainer before this. Well – all that has changed now. Because UOB has announced a cut in interest rates across the board for the UOB One account. And after crunching the numbers, I’ve realised it’s actually a pretty huge nerf to the UOB One account. UOB One Account Interest Rates cut across the board The full changes are extracted below. This will take effect on 1 May 2024: What is the effective interest rate after this? It’s hard to figure out what exactly are the implications of this...