• UOB will be cutting the interest rates for its flagship savings account from May 1, following in the footsteps of OCBC.
•  The move is to “align with long-term interest rate environment expectations”, it said.
• This will affect UOB One account holders who will see the maximum effective interest rate be cut to 3.3 per cent from 4 per cent.
• These account holders have balances of up to S$150,000, credit their salary to the bank and meet a minimum spending of S$500 a month on an eligible bank card.

Link: https://www.channelnewsasia.com/singapore/uob-ocbc-cut-interest-rates-savings-accounts-may-1-5037086