UOB One is a tiered savings account with incrementally higher rates as you deposit more and use other products in the UOB ecosystem. In order to maximize interest rates with them, you need to:

• Spend a minimum of $500 monthly with an eligible UOB credit or debit card*
• Either credit $1600 monthly to your UOB One account or make 3 GIRO debit transactions monthly

*Eligible UOB credit and debit cards include UOB One Card, UOB Lady’s Card, UOB EVOL Card, UOB One Debit Visa Card, UOB One Debit Mastercard, UOB Lady’s Debit Card, and UOB Mighty FX Debit Card If you complete the two categories, you can earn between 1.4% to 3.6% depending on how much you have deposited with them. Notice that the maximum interest of 3.6% is only earned on $25,000 worth of deposits. Above $100,000, the interest rate diminishes to 0.05%, meaning the optimal strategy is to deposit between $75,000 to $100,000 with UOB One and fulfill the criteria above....