UOB One vs OCBC 360: How Will the New Interest Rate Drop from May 2025 Affect Your Savings? πŸ“‰

Discover the impact of the upcoming interest rate reduction from May 2025 on UOB One and OCBC 360 accounts. Find out which bank still offers the best value for your savings and learn about your options. Click to explore my preferred broker, Interactive Br

Chris @HoneyMoneySGβ€’26.8K viewsβ€’8:50

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πŸ“ˆ Click https://hmsg.link/ibkr to see my preferred broker πŸ’Ή Interactive Brokers πŸŒ‰ Longbridge SG Code UIKHFMD9 https://hmsg.link/longbridge πŸ”­ Telegram Group: https://t.me/HoneyMoneySG πŸ“· 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 πŸ“™ Advanced Credit Card Mastery Course: https://hmsg.link/accm β˜•οΈ Buy my Spreadsheets at Ko-Fi: https://hmsg.link/shop 🎡 TikTokΒ https://www.tiktok.com/@honeymoneysg πŸ“§ Email (Business only): sghoneymoney@gmail.com πŸ•ΈοΈ My Website: https://www.honeymoneysg.com 🏦 CREDIT CARDS πŸ’³ πŸ”— https://hmsg.link/creditcard πŸ“ˆΒ INVESTING & TRADING PLATFORMS πŸ“ˆ πŸ”—Β https://hmsg.link/investing πŸ’³ MULTI-CURRENCY CARD/WALLET πŸ‘› πŸ”—Β https://hmsg.link/multi πŸ’°Β PAYMENT APPS πŸ’° πŸ”—Β https://hmsg.link/pay 🏦 FINANCIAL APPS 🏦 πŸ”— https://hmsg.link/finance πŸ’Ό BUSINESS πŸ’Ό πŸ”— https://hmsg.link/business ✈️ TRAVEL ✈️ πŸ”— https://hmsg.link/travel πŸ›‘οΈ Travel Insurance offers πŸ›‘οΈ πŸ”— https://hmsg.link/travelinsurance πŸ› LIFESTYLE πŸ› πŸ”— https://hmsg.link/lifestyle πŸ‘¨πŸ»β€πŸ’» PROFESSIONAL SERVICES πŸ‘¨πŸ»β€πŸ’» πŸ”— https://hmsg.link/services πŸŽ₯ FILMING & SOFTWARE πŸŽ₯ πŸ”— 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. _________________________________ πŸ”΄ 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 πŸ“Œ Current (Until 30 Apr 2025): 4.0% p.a. on the first S$150K πŸ“Œ New (From 1 May 2025): 3.3% p.a. on the first S$150K πŸ’° Requirements to earn the max rate: βœ”οΈ Salary Credit: S$1,600/month βœ”οΈ Card Spend: S$500/month πŸ“œ Official Notice: https://www.uob.com.sg/assets/web-resources/personal/pdf/save/everyday-accounts/revision-of-interest-rates-for-uob-one-account.pdf πŸ“Š Effective Interest Rate (EIR) Calculation: * S$150K Balance β†’ 3.3% p.a. * S$100K Balance β†’ 2.68% p.a. 2️⃣ OCBC 360 Account – New Interest Rates πŸ“Œ New EIR (From 1 May 2025): 3.3% p.a. πŸ’° Requirements to earn the max rate: βœ”οΈ Salary Credit: S$1,800/month βœ”οΈ Save More: S$500 incremental per month βœ”οΈ Card Spend: S$500 on selected OCBC credit cards πŸ“œ Official Notice: https://www.ocbc.com/personal-banking/notices πŸ“Š Comparison by Balance Size: πŸ’΅ S$100K Balance β†’ OCBC 360 (3.3% p.a.) πŸ’΅ S$150K Balance β†’ UOB One (3.3% p.a. base, up to 4.1% p.a. with promotions) 3️⃣ How to Maximize Your Returns? βœ… 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 monthsπŸ”— Sign Up Here: https://forms.uob.com.sg/personal/save/savings-festival.html βœ… UOB One Account Tax Saver * 6% rebate on tax payments via GIRO * Monthly rebate cap based on MAB * Example: For S$150K MAB β†’ S$50 monthly rebateπŸ”— Details Here: https://www.uob.com.sg/personal/save/one-account-tax-saver.page πŸ“’ 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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Apr 2, 2025

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