Nothing earth-shattering, but UOB Absolute and OCBC 360 have announced increased rates for a limited period of time.
UOB Absolute: bonus 0.3% cashback on contactless payment
From 4th August 2026 to 31st January 2027,
UOB Absolute cardholders will get additional 0.3% cashback on eligible contactless transactions. Coupled with the base earn rate of 1.7%, the total earn rate is 2% for such transactions.
OCBC 360: increased bonus interest for Save category
From 1st August to 31st December 2026, OCBC has increased the effective interest rate of OCBC 360 savings account. This is achieved with higher bonus interest rates from the Save category:
| Balance Amount |
Bonus Interest |
| First S$75,000 |
0.40% 0.50% p.a. |
| Next S$25,000 |
0.40% 1.10% p.a. |
| For S$100,000 |
Effective: 0.40% 0.65% p.a. |
This means that for S$100,000 of savings – the optimal amount to keep in OCBC 360 – the effective interest rate is 1.95% p.a. for those who complete the Salary and Save categories, up from the usual 1.70% p.a.
For those who complete Salary, Save, and Spend, the maximum interest rate would be 2.20%...
