Why I Still Keep My Money in UOB ONE Despite Lower Interest Rates 💰

Hey, savvy savers and followers of The Dividend Uncle channel! Welcome to another quick update that’s essential for all of us keeping an eye on our savings. Today, we’re diving into some important news from UOB – changes to the UOB One account interest rates, effective from 1 May 2024.

For those who’ve been banking on UOB One for the attractive interest rates, including this Uncle, there’s a bit of a shift coming our way. Known for offering the highest interest rates for a transactional savings account at 5%, UOB One is recalibrating its rates in response to the long-term interest rate outlook. Let’s break down what this means for your savings.

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