Most of us in Singapore could be quite familiar with high-interest rate savings accounts such as the UOB One Account and OCBC 360 Account. These savings accounts can offer account holders quite attractive interest rates, provided that certain criteria are met, such as minimum spending on credit cards and a monthly salary credited into the account. However, as the Fed is expected to start lowering interest rates in the second half of 2024, some of the candies can be taken off the table.