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UOB ups interest rate on flagship deposit account

Move comes as UOB One Account becoming popular with millennials as actively saving customers

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Published Thu, Jul 19, 2018 · 09:50 PM

Singapore

UOB has raised certain interest rates on its flagship deposit product at a time when there is greater competition for sticky retail deposits, having found itself in the favour of actively saving millennials.

UOB has now raised the top bonus interest that can be earned from 3.33 per cent to 3.88 per cent, and will increase the balance amount for which UOB One Account holders can earn the maximum bonus interest.

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