There was a revision of the UOB One account Interest announced in early April. Well, it was effective rate of 5% (highest in market) for many months for 100k.
With the new update, it would become 4% with 150k! Wah I need to take up another 50k to maintain lesser interest.
Well, such is life, some anticipate Fed cut rate, some anticipate it rises.
Current RateCompare the rates.
Calculated effective new rates
Effective interest rates (from 1st May 2024) are:
$100,000 3.375%
$125,000 3.60%
$150,000 4.00%
This is where we are now.
Treasury Rate
Yen Carry Trade + Yen Slide
Don’t forget Yen Carry Trade. Yen sliding.
Read more in this recent article.
This might mean the possibility of GLOBAL MARGIN Call.
Other Options for savers
Next month likely the SSB rate will be higher too!
Should be 3.2% to 3.3% for 10 years average rate! I might be adding more provided I still have funds left after taking advantages of the market!
Let’s Recap First!...