UOB ONE Account

[DevilPlate]

100k leh? So worth to move elsewhere the extra 50k to others like ocbc or keep at uob?

if no have 150k, better shift out entirely to elsewhere imo.

 

[chaiscool]

if no have 150k, better shift out entirely to elsewhere imo.

As in better to split 100k in uob and 50k others like ocbc or just full 150k in uob

 

[DevilPlate]

As in better to split 100k in uob and 50k others like ocbc or just full 150k in uob

full 150k or 0k in UOB

 

[chaiscool]

full 150k or 0k in UOB

Really meh, 100k 3.3%, so possible to put the other 50k 0.7% at others.

 

[pohw0008]

Really meh, 100k 3.3%, so possible to put the other 50k 0.7% at others.

Not like that count one.. then your 50k needs to earn 5.4% to balance out to get 4% for 150k..

 

[dork32]

Really meh, 100k 3.3%, so possible to put the other 50k 0.7% at others.

i am really impressed by your maths

 

[ekardo]

esaver is the one that needs to move your money in and out every month?

And this is call simplest?

 

[Mephist0pheLes]

And this is call simplest?

i dunno, nvr use before.

But the website says the interest is based on incremental fund compared to previous month or something.

So i need to put 100k in Jan, zero it in Feb, put back 100k in Mar?

 

[ekardo]

i dunno, nvr use before.

But the website says the interest is based on incremental fund compared to previous month or something.

So i need to put 100k in Jan, zero it in Feb, put back 100k in Mar?

That’s what I thot too.

 

[maumu]

maybe need to zero out in May, so that the ADB is $0, and then participate for June. or wait for Q3 promo so zero out in June instead.

just worried the promo will cut the rewards even more in Q3...

 

[LouisSaha]

So sad, the boat going to sink haha.
Good things don’t last forever

 

[royalmix]

UOB very generous liao hor!

Give you "CPF SA-like Hack", never close "CPF SA", just reduce the interest rate and increase "ERS"

(not vested)

 

[vsvs24]

Talk some more they may close.

 

[glorfindel]

News is already out on CNA but UOB don't even have the decency to drop me an email to inform me of the upcoming changes.

https://www.channelnewsasia.com/sin...t-rate-flagship-savings-account-may-1-4234181

 

[Jirachi]

News is already out on CNA but UOB don't even have the decency to drop me an email to inform me of the upcoming changes.

https://www.channelnewsasia.com/sin...t-rate-flagship-savings-account-may-1-4234181

Do they inform people directly? Or maybe for the wealth banking they do?

 

[glorfindel]

Do they inform people directly? Or maybe for the wealth banking they do?

Isn't that what they are supposed to do? They could just drop an email to all account holders.

 

[Jirachi]

Isn't that what they are supposed to do? They could just drop an email to all account holders.

Interesting. I have never received such emails before from UOB. That's why I asked.

 

[Lonelyoldman80]

Oh no fml .I just started playing for 5 mths nia and it's gone ! so should I moved the $ elsewhere or just top up to 150k earn 4% and leave there sua

 

[winningeleven]

100k leh? So worth to move elsewhere the extra 50k to others like ocbc or keep at uob?

A simple explanation

Before 1 May. Annually 5%
Uob acct.
For 100k. U received $420 per month
So u got approx $5k yearly

After 1 may
Uob acct.
For 100k. U only received $282 per month.
So u got approx $3375 yearly .

But if u have 150k at uob one.
U received $500 monthly which is $6k yearly .

The 150k made A difference of $218 additional. (282+218)=500.

u have to decide whether to invest 50k elsewhere that can generate $218 per month. Which mean U need to have at least 5.2% return interest rate .

So if u have 150k on uob. Then is ok to continue with it

 

[gnixer]

A simple explanation

Before 1 May. Annually 5%
Uob acct.
For 100k. U received $420 per month
So u got approx $5k yearly

After 1 may
Uob acct.
For 100k. U only received $282 per month.
So u got approx $3375 yearly .

But if u have 150k at uob one.
U received $500 monthly which is $6k yearly .

The 150k made A difference of $218 additional. (282+218)=500.

u have to decide whether to invest 50k elsewhere that can generate $218 per month. Which mean U need to have at least 5.2% return interest rate .

So if u have 150k on uob. Then is ok to continue with it

so technically is $80 more and have to pump in extra 50k.