UOB lowers interest rate on flagship One Account following OCBC’s 360 Account cut

UOB lowers interest rate on flagship One Account following OCBC’s 360 Account cut

From May 1, the maximum interest rate on One Account will be 3.3% per annum on the first $150,000, down from 4%. Read more at straitstimes.com.

OCBC prices 500 million euro bonds due 2028 at 2.481%

OCBC said on Thursday (Apr 3) that it has priced 500 million euros (S$733.8 million) in fixed-rate covered bonds due 2028. The covered bonds will bear interest at a fixed rate of 2.481 per cent per annum, payable annually in arrears.

UOB to Lower Interest Rate on One Account from 1 May, Following OCBC - Fintech Singapore

United Overseas Bank (UOB) will lower the interest rates on its One Account starting 1 May, becoming the second local bank to do so after OCBC adjusted its rates last week, Channel News Asia reported. The revisions come as banks respond to changing market conditions and expectations that global interest rates will soften in the coming months. UOB said the move reflects the long-term interest rate outlook, though it has kept its bonus interest cr…