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Anonymous
I'm on the UOB One account, which just decreased its interest rate. I've got around 30K in the account, and expect around 5K salary credit each month. Where should I switch to for higher interest?
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Pang Zhe Liang
11 Jun 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
It really depends on your cashflow pattern. For example, DBS Multiplier works on an aggregate transaction count every month. On the other hand, UOB One requires you to spend S$500 on an UOB card in order to unlock the higher interest tier.
Since we all have different cashflow pattern, there isn't one that is best for everyone. For me, I prefer to stay put with what I have and focus on bigger goals in life, rather than to chase a minute interest rate difference.
I share quality content on estate planning and financial planning here.
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HC Tang
10 Jun 2020
Financial Enthusiast, Budgeting at The Society
Hi
There is no "high interest" savings a/c these days, all the banks in singapore has reduced thei...
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