Saving & Spending
Analysis: UOB One Account – Second Rate Increase in A Month
By Sethisfy  •  September 10, 2022
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...
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By Sethisfy
When I was a kid, people told me that I’d miss being a student once I became an adult and had grownup responsibilities. I’d start missing exams when I had to go to work. I’d miss having pocket money when I have to pay my taxes. Been an adult for a decade now and I think… I like it. I’m never going back to being a kid again!
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