Hi ,

From 1 May, both UOB One and OCBC 360 savings accounts will be revising their interest rates downwards; this affects all existing and new accounts.

Here’s a quick summary so you can take action if needed:

For UOB One, the maximum interest you can earn on balances up to S$150,000 will be reduced from 4.0% p.a. to 3.3% p.a. This change applies to both new and existing accounts.

Below tabulates the NEW interest you will earn for various account balances for UOB One.

Over at OCBC 360, there are also rate cuts coming. On top of that, the Grow bonus tier — which gives an additional 2.2% p.a. — will now require you to maintain S$250,000, up from the current S$200,000.

Below tabulates the NEW interest you will earn for various account balances for OCB360.

💡 What Are People Doing Now?

Many of my clients are shifting their excess savings into money market funds and short-duration bond funds that offer

• Higher interest
• No hoops (no salary crediting, credit card spend, or GIRO activity required)

Given current market trends, these changes are not unexpected, but it's a good time to review how hard your cash is working.

If you'd like a quick review or want to explore alternative options, simply reply to this email with "Review," and I’ll be in touch!

Best Regards,

Zest Chia

Executive Wealth Consultant | Associate Estate Planning Practitioner |

Licensed General Insurance Advisory

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