Hi UOB one ac. How to max the interest. I hv credit card/salary there. What maximum cash should I keep there? Is 7.8% true? Retirement plan to buy TBills. Age 61 now. Any other ideas to be safe.

7.8% is only for certain amt... in reality u get less.

The uob one account has changed its t&cs.

The new EIR will be 4 % for 150 k in May 2024. The two criteria are:

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1. Spend 500 sgd on eligible credit card like UOB EVOL, refer to uob website for the full list.
2. Salary crediting of 1600 sgd

So it depends on your comfortability with putting $100 k (now) or 150 k (in May). SDIC insurance covers up to 100 k only.

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If safety is your main concern, then singapore savings bonds, T-Bills, fixed deposit from banks are the safe ones.

Come 1 May, just maximise the deposit at $150k to earn 4% interest. Doubt T-bills can match it anytime sooner. However, do take note that this deposit quantum is "unlocked" to scammers. So, be careful of phishing materials.