Personal Finance
UOB National Day Savings Promotion
By My Sweet Retirement  •  July 23, 2024
Recently, UOB has launched its Nation of Savers Promotion which will end on 30th September 2024. How does the return from UOB Nation of Savers fare against UOB fixed deposit? From the name of the campaign, it sounds like some UOB National Day Savings Promotion to celebrate  Singapore National Day. This is because every year during this period, local banks in Singapore will usually launch some form of fixed deposit promotions to celebrate Singapore’s National Day. The interest rates offered by such promotions were usually higher than normal days. This year, I looked up UOB’s website but could not find any National Day Fixed Deposit promotions. Instead, I found the Nation of Savers Promotion. Similar to how a fixed deposit works, you need to deposit a minimum of S$20,000 in new funds in your eligible UOB savings account. These new funds will be set aside for 5 months and cannot be withdrawn within this period....
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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