For the past year or so, UOB has been offering “earmark” promos which give additional cash rewards on top of their bank account interest rates. Given that UOB One already gives as much as 5% p.a. effective interest on S$100,000 of savings, the bonus cash rewards are even more attractive since they add on to the effective returns of our savings. In total, it’s possible to get upwards of 6% to almost 7% p.a. returns which is why such promos are particularly attractive. Here’s a look at past UOB promos and what existing UOB deposit customers can do to prep for any upcoming ones. If you haven’t yet started your UOB account – no prep required, but do subscribe so you know when the next promo starts and you can finally start your UOB One account when the time comes. How UOB earmark promos work UOB’s earmark promos work a little like fixed deposits. Typically, you...