UOB Stash Account

[mojipei]

If I put in 100K on 15 Jan, by the end of the month, my MAB is 50K. My interest is based on 10K (at 0.05%), 30K(at 2%), the balance 10K at 3%. Is that how the interest is calculated base on the MAB?
If so, is it better to put in the money on 1 Feb, I get 100K interest throughout the month? Thank you for any advice you may have.

 

[coconut1]

If I put in 100K on 15 Jan, by the end of the month, my MAB is 50K. My interest is based on 10K (at 0.05%), 30K(at 2%), the balance 10K at 3%. Is that how the interest is calculated base on the MAB?
If so, is it better to put in the money on 1 Feb, I get 100K interest throughout the month? Thank you for any advice you may have.

Yes, that's right.

 

[winningeleven]

Hi..just open stash account last week and I have place 50k on the 11 Jan last weekend. I intend to put 50k today to make it 100k. Would like to know how the interest be calculated ?

11 Jan - 16 Jan 50k
17 Jan - 31 Jan 100k ?

Like this ?

 

[royalmix]

Hi..just open stash account last week and I have place 50k on the 11 Jan last weekend. I intend to put 50k today to make it 100k. Would like to know how the interest be calculated ?

11 Jan - 16 Jan 50k
17 Jan - 31 Jan 100k ?

Like this ?

You should have put 100k on 11 Jan, unless you dun have the funds.

Interest is based on MAB = add up daily balance divide by number of days in the mth, starting from 11 Jan = date of account opening. It is tiered, go to the website to read tnc to understand. Also read 2 posts away above.

Increase your interest from EIR 3%pa to 3.9%pa by joining the promo, if you can afford to lock your money for 5-6 mths.

 

[winningeleven]

You should have put 100k on 11 Jan, unless you dun have the funds.

Interest is based on MAB = add up daily balance divide by number of days in the mth, starting from 11 Jan = date of account opening. It is tiered, go to the website to read tnc to understand. Also read 2 posts away above.

Increase your interest from EIR 3%pa to 3.9%pa by joining the promo, if you can afford to lock your money for 5-6 mths.

Thank. On the 11 Jan. I only have 50k. So should I make it to 100k on 1 Feb or 11 Feb or just make it 100k tmr 17 Jan ?

 

[royalmix]

Thank. On the 11 Jan. I only have 50k. So should I make it to 100k on 1 Feb or 11 Feb or just make it 100k tmr 17 Jan ?

asap, if your money is not earning more than 3%!

 

[winningeleven]

asap, if your money is not earning more than 3%!

Thank you very much for advise !
One last question
When the interest is credited. How we going to withdraw it since it will affect the MAB ?

 

[royalmix]

Thank you very much for advise !
One last question
When the interest is credited. How we going to withdraw it since it will affect the MAB ?

Last answer! You can find the answer in this thread! Look for my post!

 

[coconut1]

You should have put 100k on 11 Jan, unless you dun have the funds.

Interest is based on MAB = add up daily balance divide by number of days in the mth, starting from 11 Jan = date of account opening. It is tiered, go to the website to read tnc to understand. Also read 2 posts away above.

Increase your interest from EIR 3%pa to 3.9%pa by joining the promo, if you can afford to lock your money for 5-6 mths.

I was on uob chat services asking about mab for a uob one account which opened on 15/1.

Q: "but the account only opened from 15/1, but mab includes day 1-14?"
A: "MAB will be base on the calendar month 1-31 regardless of account opening."

 

[winningeleven]

Last answer! You can find the answer in this thread! Look for my post!

Thank you . I read thru the past discussion here . On the day where we received the interest. Withdraw it and add 1 more dollar.

 

[pratik28]

My bad, was using the earlier earmark promo numbers.
So assuming putting in for only a period of 5 months, then:

With 150k, eir 2% -> 3.13% with earmark promo $688
With 100k, eir 3% -> 3.93% with earmark promo $388

Looks attractive but is it possible for eir 3% to be changed by bank while we are locked in for the 5 months?! or go for options like SSB?! 3.9% v/s 2.8%

 

[coconut1]

Looks attractive but is it possible for eir 3% to be changed by bank while we are locked in for the 5 months?! or go for options like SSB?! 3.9% v/s 2.8%

It's possible with advance notice. Only the earmark promo $388/$688 is fixed.

 

[CrashWire]

It's possible with advance notice. Only the earmark promo $388/$688 is fixed.

Advance notice is "recommended" by ABS to be 1 month.

Locking up for 5 months is risky.

 

[xRenol]

My bad, was using the earlier earmark promo numbers.
So assuming putting in for only a period of 5 months, then:

With 150k, eir 2% -> 3.13% with earmark promo $688
With 100k, eir 3% -> 3.93% with earmark promo $388

I thought the EIR should be as follows:

• S$100,000 - EIR 3.00% p.a.
• S$100,000 - EIR 3.93% p.a. (plus $388 promotion for 5 months)
• S$150,000 - EIR 2.17% p.a.
• S$150,000 - EIR 3.27% p.a. (with $688 promotion for 5 months)

 

[chiokcc]

Just transferred out some money from Stash, and left small amounts above the "Balance to maintain" to meet the necessary MAB condition ..... hope this strategy is good .....

 

[Devilsire]

Anyone knows how the UOB stash min ADB (>$1,000) -$2 applies?

similar to SCB esaver or may go into negative, charge other accounts etc

 

[Squaredot]

I was on uob chat services asking about mab for a uob one account which opened on 15/1.

Q: "but the account only opened from 15/1, but mab includes day 1-14?"
A: "MAB will be base on the calendar month 1-31 regardless of account opening."

I opened account and funded 100k on 31/1/2025
MAB (Jan) shows 100,000.13.
13c is the base interest for Jan but no bonus interest, is this normal?
Anyone same experience?

 

[oceanicmanta]

I opened account and funded 100k on 31/1/2025
MAB (Jan) shows 100,000.13.
13c is the base interest for Jan but no bonus interest, is this normal?
Anyone same experience?

Stash BI is tiered by MAB for the whole calendar month ( not from date of acc opening )

did that 2x last year .. opportunity cost

 

[Squaredot]

Stash BI is tiered by MAB for the whole calendar month ( not from date of acc opening )

did that 2x last year .. opportunity cost

Not true bro, I rec one day bonus interest on 1 Aug when I open my account last day of July.
If MAB is calculated based on whole calendar month, why is MAB Jan showing 100,000.13? Shouldnt MAB be 100k/31days=3225