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UOB lowering rates on flagship account

The Straits Times

|

April 02, 2025

UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations.

- THE BUSINESS TIMES

UOB lowering rates on flagship account

With effect from May 1, the maximum interest rate will be cut to 3.3 per cent per annum on the first $150,000, down from 4 per cent.

Ms Jacquelyn Tan, UOB's head of group personal financial services, said that the move is to align with longer-term interest rate expectations.

The qualifying criteria to earn the bonus interest is unchanged, she said.

"We have also retained the eligible balance of $150,000 to earn the highest effective interest rate," she added.

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