UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut

[SINGAPORE] UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations.

With effect from May 1, the maximum interest rate will be cut to 3.3 per cent per annum on the first S$150,000, down from 4 per cent.

This is the second year in a row that UOB has cut rates on its One Account. Prior to May 2024, the One Account offered up to 5 per cent per annum on deposits up to S$100,000.