When news broke that UOB was raising rates for its savings account, I thought:
haven’t they already done that? It turns out that they are revising it upwards again, and here are the new rates:
| Account Monthly Average Balance (MAB) |
Spend min. S$500 (calendar month) on eligible UOB CardTotal interest |
Spend min. S$500 (calendar month) on eligible UOB Card AND make 3 GIRO debit transactions |
Spend min. S$500 on eligible UOB Card AND credit your salary via GIROTotal interest |
| First S$15,000 |
0.25% |
0.75% |
1.40% |
| Next S$15,000 |
0.25% |
0.80% |
1.40% |
| Next S$15,000 |
0.25% |
0.85% |
1.50% |
| Next S$15,000 |
0.25% |
0.90% |
1.50% |
| Next S$15,000 |
0.25% |
2.50% |
2.50% |
| Next S$25,000 |
0.05% |
0.05% |
3.60% |
| Above S$100,000 |
0.05% |
0.05% |
0.05% |
UOB’s requirements are decidedly simpler than that of DBS Multiplier or OCBC 360; there are just two things to do for the highest rates: spend $500 on an eligible UOB Card + credit your salary (at least S$1,600) via GIRO.
Eligible UOB Cards
The cards eligible for the $500 requirement are: The three featured credit cards see use even on their own even...
