⚡️ Ouch! The news about UOB One Savings Account slashing its max interest rate to 3.3% p.a. from 1 May 2025 hit me like a lightning bolt! ⚡️ I knew a rate cut was coming, but so soon? My go-to high-yield savings account (HYSA) just lost its shine. 😕
I’m now thinking of topping up my CPF Special Account (SA) to hit the Full Retirement Sum (FRS) for that steady 4% p.a. risk-free return. With no other low-risk options hitting at least 4% interest, what else can we do? 🤔