Boooooooo…
The best high yield savings account (HYSA) has been nerfed, but still quite good among the rest.
Probably in anticipation of interest rate cuts in the US, UOB has gone ahead to nerf their power HYSA, what a pity.
From earning 5% pa with a monthly average balance of $100K, now it has been reduced to earning 4% pa with a monthly average balance of $150K.
Sadly we can’t complain too much as there are not many better alternatives out there.
So I’ll still to it and pump some more savings that way.
The next best is still OCBC360 but it might be a matter of time before that one is nerfed too.
I know some have mentioned Maribank, but right now I use Trust as the third option. Maybe I’ll open an account with Maribank and try too.
No comments:
Post a Comment