Higher interest for good savers with UOB One and OCBC 360 accounts following tweaks
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Local banks are introducing higher bonus interest rates to get customers to save more, aligning with the current higher interest rate environment.
PHOTO: ST FILE
SINGAPORE - Local banks are introducing higher bonus interest rates to get customers to save more, which experts say is a move that aligns with the current higher interest rate environment.
CIMB Private Bank economist Song Seng Wun said: "Our local interest rates tend to track global interest rates, especially US rates."