UOB One vs DBS Multiplier
This is a long overdue post. A lot of bloggers have already commented on the high interest rates of banks this past few months. I find that I still have to drill on the essentials so that more of you understand how big a deal this is. If you do not like monitoring your savings, now it's time to do so. If you account is under a different savings account and not UOB One or DBS Multiplier, you will also have to set up a new one. UOB One Account Tiered 7.8%, so it's not for the full $100,000 UOB One boasts of the highest interest rate and Fixed Deposit account currently, up to 7.8%. This is in tiered status, which amount to 5% interests in total. That's only for people with $100,000 in the bank but this $100,000 will actually give $500 interest every month. That's a staggeringly high amount for doing nothing, or next to nothing. 2 criteria to get the high interests: Criteria 1) Spend $500 on a UOB credit or debit card. I spend more than $1,000 a month for my household so...