UOB ONE Account

[Mickey01]

Just went to UOB bank, told me 1st Apr, UOB One the 6% will become 5.3%. Anyone can confirm?
Not sure did I hear wrongly...

UOB last announced their interest rates revision on 1 Apr 2024 for effectivity 1 May 2024; where they introduced the new $150k max tier.

 

[Mickey01]

I transferred 100K today after registered for the promotion a week ago, but I can still see that the 100K as withdrawable amount, how long will it take to show the amount as 'earmarked' and cannot be withdrawn?

it is stated in the promotion reference document as "by 30 Apr 2025"

 

[maumu]

in a dilemma whether to park in stash too, for the extra $388. but... not sure whether they'll drop the rate or not. lock for 5 mths leh...

 

[ericcsn]

I transferred 100K today after registered for the promotion a week ago, but I can still see that the 100K as withdrawable amount, how long will it take to show the amount as 'earmarked' and cannot be withdrawn?

according to this link https://www.uob.com.sg/web-resource...310325:Q1SAVE25:na:na&vid=na&pid=CD07Q1SAVE25, it would be by 30 april 25. assuming your sign up was in the period mentioned.

I didnt monitored closely but i think they took about 2 weeks in my case.

 

[sglandscape]

Thanks for the reply, but I was referring to the UOB one.

UOB earmark typically last week of the month, if you're referring to the pot of gold promotion.

 

[sglandscape]

in a dilemma whether to park in stash too, for the extra $388. but... not sure whether they'll drop the rate or not. lock for 5 mths leh...

The best is do dbs multiplier + the 2.6% promo if you're invited, but capped at 100k.

 

[Cumzilla]

in a dilemma whether to park in stash too, for the extra $388. but... not sure whether they'll drop the rate or not. lock for 5 mths leh...

my personal view is based on rates on offer currently, if stash is to drop to say around 2.5% during this 5 months when the fund is earmarked, $388 yield for 5 months will be around 0.9% for 100K, so add up is still better than what many others are offering now...

 

[chiokcc]

Hope Stash won't slash the rates ......

 

[sp0inK]

my uob one card got hit with fraudulent transactions and were posted, any idea if after investigation and uob refunds me the amount will the interest tracker receive this refund as a negative amount? eg fraudulent charge for SGD 200, so I need to spend 700 on my card on that month to hit the 500 spend requirement for UOB one interest

 

[JivBunny]

Ok, never mind. My old One account is closed already. I'm asking to avoid the whole exercise of reopening an account, going to the bank to give specimen signature to only just try to see if it still work...

which dinosaur era u live in?

 

[xRenol]

my uob one card got hit with fraudulent transactions and were posted, any idea if after investigation and uob refunds me the amount will the interest tracker receive this refund as a negative amount? eg fraudulent charge for SGD 200, so I need to spend 700 on my card on that month to hit the 500 spend requirement for UOB one interest

If UOB refund the fraudulent transactions amount to your UOB One card, it will offset the S$200. Why do you need to spend S$700?

 

[highsulphur]

my uob one card got hit with fraudulent transactions and were posted, any idea if after investigation and uob refunds me the amount will the interest tracker receive this refund as a negative amount? eg fraudulent charge for SGD 200, so I need to spend 700 on my card on that month to hit the 500 spend requirement for UOB one interest

just ignore the fraudulent transactions and spend accordingly?

 

[Arandalo]

my uob one card got hit with fraudulent transactions and were posted, any idea if after investigation and uob refunds me the amount will the interest tracker receive this refund as a negative amount? eg fraudulent charge for SGD 200, so I need to spend 700 on my card on that month to hit the 500 spend requirement for UOB one interest

Most accurate way is to check the "View activities" on the UOB app once the fraudulent transactions have been refunded (credited).

If UOB refund the fraudulent transactions amount to your UOB One card, it will offset the S$200. Why do you need to spend S$700?

just ignore the fraudulent transactions and spend accordingly?

The fraudulent transactions were posted in the month of March so it will be taken as extra spending in March. However when the fraudulent transactions gets refunded later (say in April), it will be taken as a credit which will offset the total spend amount for that month.

Example if you spend $1000 in March (all transactions posted successfully) but then you refunded an order that is worth $500 and it gets credited only in April, UOB will take it that you still spent $1000 in March and -$500 in April.

 

[xRenol]

Most accurate way is to check the "View activities" on the UOB app once the fraudulent transactions have been refunded (credited).



The fraudulent transactions were posted in the month of March so it will be taken as extra spending in March. However when the fraudulent transactions gets refunded later (say in April), it will be taken as a credit which will offset the total spend amount for that month.

Example if you spend $1000 in March (all transactions posted successfully) but then you refunded an order that is worth $500 and it gets credited only in April, UOB will take it that you still spent $1000 in March and -$500 in April.

Your point is also valid. It depends how UOB handles it.

UOB can keep the monthly spending in April as $0 and clawback the fraudulent transactions cashback in April. This will only affect the value amount of UOB One card and not the monthly spending in April.

Example based on the assumption that the fraudulent transaction amount is S$200
31 March
Monthly Spending: -$900 (including fraudulent transaction amount of $200)
Cashback: $29.97 (based on 3.33%)

01 April
Monthly Spending: $0
Cashback: -$6.66

UOB One Card: -$900 + $700 (assuming paid for legitimate transactions) + $29.97 (cashback) + $200 (assuming UOB offset the fraudulent transactions) -$6.66 (clawback on cashback)

 

[yiron]

EIR for $150k nerfed from 4% to 3.3% starting 1 May 2025. Unfortunately, not April's fool joke.

https://www.uob.com.sg/assets/web-r...ion-of-interest-rates-for-uob-one-account.pdf

 

[Listopad]

Seems like T&C for promo not updated yet . But Cash is king promo credit be $500

 

[ericcsn]

EIR for $150k nerfed from 4% to 3.3% starting 1 May 2025. Unfortunately, not April's fool joke.

https://www.uob.com.sg/assets/web-r...ion-of-interest-rates-for-uob-one-account.pdf

mitigate by giro(ing) salary for $600 per year (off income/ property taxes $10K) or +0.4% (when 1-account is @$150K). (and need to switch paynow to them + execute money lock on min $1)

 

[CaptainWu]

EIR for $150k nerfed from 4% to 3.3% starting 1 May 2025. Unfortunately, not April's fool joke.

https://www.uob.com.sg/assets/web-r...ion-of-interest-rates-for-uob-one-account.pdf

Kind of expected so would have to make use of the Tax Saving and Savings Bonanza to boost it up!
Unfortunately both the Tax Saving and Savings Bonanza not that applicable for me.

 

[CaptainWu]

Seems like T&C for promo not updated yet . But Cash is king promo credit be $500

Look at the T&C for this plan, unless you did not keep full 150k in the past, otherwise adding additional cash not really worth to earn the bonus cash.

must result in at least a corresponding increment in your eligible UOB saving account’s day-end balance throughout the promotion period and earmark period when compared against your eligible UOB savings account’s Monthly Average Balance for the calendar month of December 2024. Monthly Average Balance is the summation of each day-end balance for each month divided by the number of calendar days for that month.

 

[Listopad]

Look at the T&C for this plan, unless you did not keep full 150k in the past, otherwise adding additional cash not really worth to earn the bonus cash.

must result in at least a corresponding increment in your eligible UOB saving account’s day-end balance throughout the promotion period and earmark period when compared against your eligible UOB savings account’s Monthly Average Balance for the calendar month of December 2024. Monthly Average Balance is the summation of each day-end balance for each month divided by the number of calendar days for that month.

The T&C not updated . Should be march balance be reference month . Yes kept it 0 in march as UOB been running these promo by quarters , been pretty consistent so far.