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Market Update + Saver UOB One Account 4% starting from 1 May 2024
By Careyourpresent  •  April 27, 2024
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!...
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By Careyourpresent
My name is Edmond Ng and I am 39 years old in year 2022. I am the founder of Careyourpresent site. I am a believer of Caring your Present and treasuring your time with your love ones. Most of the time we are busy with work, spending your precious time pursuing something which you don’t like but have to do in order to earn a living. Hence, please Love and Care for your PRESENT!
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