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01-12-2022, 08:41 AM
UOB raises maximum interest rate on its One savings account to 7.8%, joining peers in deposits race
PUBLISHED 38 MINS AGO
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SINGAPORE – The battle for deposits has gone up another notch with UOB raising the interest rates on its flagship savings account following similar moves by rivals DBS and OCBC Bank.
UOB, Singapore’s third-largest bank, lifted the maximum bonus interest rate on its One Account from 3.6 per cent to 7.8 per cent a year, according to checks by The Straits Times on Thursday morning.
This rate applies to account balances between $75,000 and $100,000 and when customers spend at least $500 a month on an eligible UOB card and credit their salary of over $1,600 via Giro.
https://www.straitstimes.com/business/ba...osits-race
PUBLISHED 38 MINS AGO
FacebookTwitter
SINGAPORE – The battle for deposits has gone up another notch with UOB raising the interest rates on its flagship savings account following similar moves by rivals DBS and OCBC Bank.
UOB, Singapore’s third-largest bank, lifted the maximum bonus interest rate on its One Account from 3.6 per cent to 7.8 per cent a year, according to checks by The Straits Times on Thursday morning.
This rate applies to account balances between $75,000 and $100,000 and when customers spend at least $500 a month on an eligible UOB card and credit their salary of over $1,600 via Giro.
https://www.straitstimes.com/business/ba...osits-race
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