The biggest banks in Singapore have all raised interest rates on their savings accounts twice since August.

Due to the reconfiguration of junctions in Novena, the traffic has intensified. According to some motorists, their travel time has lengthened by 20 to 30 minutes.

UOB recently raised the maximum rate for its flagship savings account to 7.8% per annum. This is the highest it has been in its seven-year history.