UOB One vs OCBC 360: After interest rates drop from 1 May 2025

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Chris @HoneyMoneySG26.8K views8:50

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📈 Click https://hmsg.link/ibkr to see my preferred broker 💹 Interactive Brokers 🌉 Longbridge SG Code UIKHFMD9 https://hmsg.link/longbridge 🔭 Telegram Group: https://t.me/HoneyMoneySG 📷 Instagram @HoneyMoneySG https://www.instagram.com/honeymoneysg - OCBC 360 Account R6U9FDOS ; 360 Save calculator https://hmsg.link/save360 🌟 My referral codes: https://t.me/sgpromocode 📙 Advanced Credit Card Mastery Course: https://hmsg.link/accm ☕️ Buy my Spreadsheets at Ko-Fi: https://hmsg.link/shop 🎵 TikTok https://www.tiktok.com/@honeymoneysg 📧 Email (Business only): sghoneymoney@gmail.com 🕸️ My Website: https://www.honeymoneysg.com 🏦 CREDIT CARDS 💳 🔗 https://hmsg.link/creditcard 📈 INVESTING & TRADING PLATFORMS 📈 🔗 https://hmsg.link/investing 💳 MULTI-CURRENCY CARD/WALLET 👛 🔗 https://hmsg.link/multi 💰 PAYMENT APPS 💰 🔗 https://hmsg.link/pay 🏦 FINANCIAL APPS 🏦 🔗 https://hmsg.link/finance 💼 BUSINESS 💼 🔗 https://hmsg.link/business ✈️ TRAVEL ✈️ 🔗 https://hmsg.link/travel 🛡️ Travel Insurance offers 🛡️ 🔗 https://hmsg.link/travelinsurance 🛍 LIFESTYLE 🛍 🔗 https://hmsg.link/lifestyle 👨🏻‍💻 PROFESSIONAL SERVICES 👨🏻‍💻 🔗 https://hmsg.link/services 🎥 FILMING & SOFTWARE 🎥 🔗 https://hmsg.link/film Camera: DJI Osmo Pocket 3 https://hmsg.link/djiop3 Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews. Interactive Brokers provides execution and clearing services to its customers. Influencer is not affiliated with, recommended by or an agent of Interactive Brokers. Interactive Brokers makes no representation and assumes no liability to the accuracy or completeness of the information provided in this video. For more information regarding Interactive Brokers, please visit www.interactivebrokers.com. None of the information contained herein constitutes a recommendation, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products/ services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website. Influencer is a customer of Interactive Brokers. Interactive Brokers and Influencer have entered into a cost-per-click agreement under which Interactive pays Influencer a fee for each clickthrough of the Interactive Brokers URL posted herein. _________________________________ 🔴 Important Update: Interest Rate Changes for UOB One & OCBC 360 Starting 1 May 2025, both UOB One and OCBC 360 accounts will reduce their interest rates. If you are using these accounts to grow your savings, here’s what you need to know. 1️⃣ UOB One Account – New Interest Rates 📌 Current (Until 30 Apr 2025): 4.0% p.a. on the first S$150K 📌 New (From 1 May 2025): 3.3% p.a. on the first S$150K 💰 Requirements to earn the max rate: ✔️ Salary Credit: S$1,600/month ✔️ Card Spend: S$500/month 📜 Official Notice: https://www.uob.com.sg/assets/web-resources/personal/pdf/save/everyday-accounts/revision-of-interest-rates-for-uob-one-account.pdf 📊 Effective Interest Rate (EIR) Calculation: * S$150K Balance → 3.3% p.a. * S$100K Balance → 2.68% p.a. 2️⃣ OCBC 360 Account – New Interest Rates 📌 New EIR (From 1 May 2025): 3.3% p.a. 💰 Requirements to earn the max rate: ✔️ Salary Credit: S$1,800/month ✔️ Save More: S$500 incremental per month ✔️ Card Spend: S$500 on selected OCBC credit cards 📜 Official Notice: https://www.ocbc.com/personal-banking/notices 📊 Comparison by Balance Size: 💵 S$100K Balance → OCBC 360 (3.3% p.a.) 💵 S$150K Balance → UOB One (3.3% p.a. base, up to 4.1% p.a. with promotions) 3️⃣ How to Maximize Your Returns? ✅ UOB Quarterly Savings Promo – Cash is King Bonanza * Bonus: S$500 for fresh S$150K deposit (~0.8% p.a. extra!) * Hold Period: Approx. 5 months🔗 Sign Up Here: https://forms.uob.com.sg/personal/save/savings-festival.html ✅ UOB One Account Tax Saver * 6% rebate on tax payments via GIRO * Monthly rebate cap based on MAB * Example: For S$150K MAB → S$50 monthly rebate🔗 Details Here: https://www.uob.com.sg/personal/save/one-account-tax-saver.page 📢 Next Steps * Compare these new interest rates and decide which account suits you best. * Consider UOB’s additional promotions to offset the rate cut. * Stay tuned for my next Cash Strategy Video: CASH+1 for more alternatives. #NotSponsored

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