UOB ONE interest

Can anyone help ?

For the UOB One account.
CC spending of SGD 500.

Is buying of NTUC voucher consider as eligible spending ?

Many thanks

Does it worth ur effort?

If the bank find you suspicious or any intentional malicious lies, your account may be forced to close without notice

While some individuals consider moving money between accounts to maximize bonus interest rates, it's important to be aware of the terms and conditions associated with your bank accounts. Most banks have rules in place to prevent such practices, and they may require a minimum balance or specific activities like a minimum monthly credit card spend to qualify for bonus interest. Attempting to manipulate these rules could result in unforeseen consequences, such as account closure or loss of interest.

I recommend thoroughly reviewing the terms and conditions of your UOB ONE and OCBC accounts. If you have any doubts or concerns, it's a good idea to reach out to representatives from both banks to ensure you're making well-informed financial decisions that align with their policies. In general, cultivating strong financial habits and developing a solid savings plan can be more advantageous in the long term compared to attempting to exploit the system for bonus interest.

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