UOB cuts maximum interest rate for UOB One Account from 7.8% to 4.5% starting May 1, in line with US Fed rate cut expectations.
UOB to cut maximum interest rate for flagship savings account from May 1, making it the first local bank to do so amid expectations of US Federal Reserve rate cuts. UOB One Account interest rates will range from 3% to 4.5% per annum, down from 3.85% to 7.8%. Changes apply to all new and existing accounts with balances between S$30,000 and S$100,000, and customers who spend at least S$500 a month on an eligible UOB card and credit their salary of over S$1,600 via Giro.
April 01, 2024
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