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Local banks race to raise interest rates on savings accounts

Yong Jun Yuan
Published Wed, Aug 31, 2022 · 02:31 PM

IN THE span of 2 days, OCBC : O39 0% and UOB : U11 0% both raised the interest rates of their savings accounts in a bid to stay competitive amid a rising rate environment.

On Wednesday (Aug 31), UOB announced that it will raise the interest rates of its One a…

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