UOB ONE Account

[ZinY]

...
i was thinking to put $150k
got the cash reward
then withdraw the $50k
and just keep the $100k
for earmark

No. The $150k will be locked away for 5 months. You won’t be able to withdraw the $50k off it before hand. The interest for the amount above $100k is nearly 0%

Ohh. It will be locked for $388
with no access to it?

You will get the $388. Plus the interest every first day of the month. The principal is locked away till 5 months later

Can he put $150K, but choose only "$100K" to be earmarked for "$388" POG promotion? Not $688.

Another related question -
What if I put only $20K to be earmarked for $68 POG promotion, and later deposit another $30K?
I just want only $20K to be locked away and $30K to be free. I am ok with $68 for 20K POG promotion. Can?

 

[ericcsn]

Can he put $150K, but choose only "$100K" to be earmarked for "$388" POG promotion? Not $688.

Can. But the $50k above $100K is getting only 0.05% interest per annum.

Another related question -
What if I put only $20K to be earmarked for $68 POG promotion, and later deposit another $30K?
I just want only $20K to be locked away and $30K to be free. I am ok with $68 for 20K POG promotion. Can?

You lose out because of how the tiered bonus is structured for this account .

 

[thretiredDad]

Can. But the $50k above $100K is getting only 0.05% interest per annum.

You lose out because of how the tiered bonus is structured for this account .

$50k for 6 months
at $300 more
is exactly not a good deal
Which is only 1.2% pa
in this case will just put $100k

 

[Tetrafox]

$50k for 6 months
at $300 more
is exactly not a good deal
Which is only 1.2% pa
in this case will just put $100k

Just a thought.. what are the chances after locking in the $100k for 5 months, UOB decides to lower the interest rates wef April 2025.

The current interest rates were effected on 1 March 2023. Before that, the highest tier was only earning 1.0%

 

[Sarkie]

Just received pot of gold cash credit for my Stash account today.

 

[Cumzilla]

Just a thought.. what are the chances after locking in the $100k for 5 months, UOB decides to lower the interest rates wef April 2025.

The current interest rates were effected on 1 March 2023. Before that, the highest tier was only earning 1.0%

Is up to you if u want to continue 'locking' if the bank drop the rates, will u still continue locking the 100k if there are better rates elsewhere, unless u are already into the last month to get the cash rewards. Most rates were lousy during covid period, so I don't think it will so drastic and suddenly go down to the 1.0% level again...

 

[Synchroniza]

Haven't gotten my pot of gold amount.. open in Feb my account. Hmm

 

[ZinY]

Is up to you if u want to continue 'locking' if the bank drop the rates, will u still continue locking the 100k if there are better rates elsewhere, unless u are already into the last month to get the cash rewards. ...

Cash reward is not in the last month to get the cash rewards.
For POG promotion, participating deposit will be earmarked and cash credit will be credited on the same day.
cash credit is alreday given up front.
So, can we really choose to continue 'locking' or not? I think we cannot withdraw it at all.
I read - “Earmarking” is essentially setting aside funds for a fixed period of time which cannot be used or withdrawn.

 

[Cumzilla]

Cash reward is not in the last month to get the cash rewards.
For POG promotion, participating deposit will be earmarked and cash credit will be credited on the same day.
cash credit is alreday given up front.
So, can we really choose to continue 'locking' or not? I think we cannot withdraw it at all.
I read - “Earmarking” is essentially setting aside funds for a fixed period of time which cannot be used or withdrawn.

thanks for the clarification, no idea how it works as never join 1 before. So that means they will crawl back the rewards if we withdraw the 'earmarked' amount?

 

[ZinY]

thanks for the clarification, no idea how it works as never join 1 before. So that means they will crawl back the rewards if we withdraw the 'earmarked' amount?

I also don't know and want to know.
Can we just give back the cash credit and withdraw the locked amount, OR cannot withdraw that locked amount at all?

 

[Jun666]

so if I joined this promo in last august using STASH account, am I still able to join by apply new UOB One acc?

 

[Cumzilla]

I did 1 (with $0) followed by 2 then 3.

for any doubt read the instruction in the link https://forms.uob.com.sg/personal/save/savings-festival.html which says :
Here’s how you can get a reward of up to S$688 in cash:
Step 1: Register your participation here by 29 Mar 2025
Step 2: Deposit new funds into your eligible UOB savings account. The new funds deposited will be set aside for approximately 5 months^ and cannot be withdrawn during this period.

• Top up S$20,000 new funds to get S$68 cash .....

Hi, did you deposit immediately after you registered? Like what another person mentioned here, also want to wait til end of the month then deposit as fund now in another bank. Also T&Cs stated to deposit first then register, so no issue if you register 1st then deposit?

 

[ericcsn]

Hi, did you deposit immediately after you registered? Like what another person mentioned here, also want to wait til end of the month then deposit as fund now in another bank. Also T&Cs stated to deposit first then register, so no issue if you register 1st then deposit?

I didn’t immediately deposit after registration.
also go check out DBS, they have a highly attractive interest rate for selected customers commencing yesterday 17 march 25.
TnC are here:
https://www.posb.com.sg/iwov-resources/media/pdf/deposits/t7-casa-tnc.pdf

meaning the 2.6% interest is on top of interest of the saving account (look up FAQ point 7). So if you have a multiplier account the interest is big. For DBS registration and deposited money has to be on same day.

 

[devion]

I didn’t immediately deposit after registration.
also go check out DBS, they have a highly attractive interest rate for selected customers commencing yesterday 17 march 25.
TnC are here:
https://www.posb.com.sg/iwov-resources/media/pdf/deposits/t7-casa-tnc.pdf

meaning the 2.6% interest is on top of interest of the saving account (look up FAQ point 7). So if you have a multiplier account the interest is big. For DBS registration and deposited money has to be on same day.

Only selected customers.....was it informed by email or push notify in HP?

 

[ericcsn]

Only selected customers.....was it informed by email or push notify in HP?

log in to DBS on your laptop and check the digibot on the bottom left of the screenpage for it.

 

[TimberOak]

I didn’t immediately deposit after registration.
also go check out DBS, they have a highly attractive interest rate for selected customers commencing yesterday 17 march 25.
TnC are here:
https://www.posb.com.sg/iwov-resources/media/pdf/deposits/t7-casa-tnc.pdf

meaning the 2.6% interest is on top of interest of the saving account (look up FAQ point 7). So if you have a multiplier account the interest is big. For DBS registration and deposited money has to be on same day.

Was thinking of transferring funds out of UOB and wait for next Deposit promo. Now DBS seems to be better to park funds.

 

[devion]

log in to DBS on your laptop and check the digibot on the bottom left of the screenpage for it.

Thanks! Yes my account had this promo stated in the chat bot. Registered. However, I got my spouse to login to check, this time chat bot did not show this promo. Guess it is really for selected customers.

 

[ericcsn]

Thanks! Yes my account had this promo stated in the chat bot. Registered. However, I got my spouse to login to check, this time chat bot did not show this promo. Guess it is really for selected customers.

Note promo condition is for registration and depositing of money to be done on same day.
I did mine yesterday around lunch (with $50K since this is the most I will be able to extract out of my Multiplier account for the category of salary + 1 credit card) and it has been already been earmarked today.

 

[devion]

Yes I already had the amount inside the registered account when I did the registration. Thx!

 

[Nanonited]

Note promo condition is for registration and depositing of money to be done on same day.
I did mine yesterday around lunch (with $50K since this is the most I will be able to extract out of my Multiplier account for the category of salary + 1 credit card) and it has been already been earmarked today.

Did they credit you the bonus or only after 3 months?