$500 profits from UOB Gold Savings Account

Yesterday, my wife liquidated our UOB Gold Savings Account (GSA) and made a profit of $500. It wasn’t a big amount of course but considering the fact that we held the account for only one week, it was really easy money. Opening the UOB Gold Savings Account account was really hassle-free as you may do so at any UOB bank branch located near your home.

The best part about UOB Gold Savings Account is that you can use UOB Personal Internet Banking to carry out transaction via the internet platform or UOB Mobile from Mondays to Fridays 8am to 11pm excluding Singapore public holidays. This is a new feature introduced by UOB bank a couple of years ago.

Before you open an account, please check out the various fees for UOB Gold Savings Account in UOB’s website. There are several charges that you need to factor in because they would affect your yield.

This is not the first time that I touched on UOB’s GSA. A few years ago, I had also made some money from UOB GSA and shared with readers the merits and pitfalls of investing in gold. When it comes to building wealth, you should always focus on investing what you know best. Compared to stock investments, gold is not that difficult to understand and requires far less complicated analysis.

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Updated: March 23, 2019 — 3:34 pm

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