UOB ONE Account

[deemon]

Seems Ocbc now is the better deal to hit 2.4%. If not 2.1% is quite easy to hit too without the spending.

 

[chiokcc]

https://forums.hardwarezone.com.sg/122052523-post3987.html

B.U.M.P. for info

Bonus interest from 01 August 2018 if you satisfy the required conditions and have ADB of $75k in the account :
($4.903)×(no of days in the month)

28 days in the month = $137.27
29 days in the month = $142.18
30 days in the month = $147.08
31 days in the month = $151.98

B.U.M.P. for info ....

Will have new calculation from 01 May 2020

 

[chiokcc]

Bonus interest from 01 May 2020 if you satisfy the required conditions and have ADB of $75k in the account :
($3.58767)×(no of days in the month)

28 days in the month = $100.45
29 days in the month = $104.04
30 days in the month = $107.63
31 days in the month = $111.22

Any comments and corrections?

 

[chiokcc]

For those interested how I arrived at 3.58767

((1.25+1.30+1.35+1.40+3.68) / 5 - 0.05)/100/365*75000 = 3.58767

 

[chiokcc]

Base interest remains at 0.05%

New bonus interest rate is 1.746% max compared with the previous 2.386% for the first $75k

Taking 1.746 / 2.386 = 0.7317

So bonus interest is reduced by 26.83%

 

[maumu]

Base interest remains at 0.05%

New bonus interest rate is 1.746% max compared with the previous 2.386% for the first $75k

Taking 1.746 / 2.386 = 0.7317

So bonus interest is reduced by 26.83%

ouch. that's pretty significant drop (~27%)

 

[tidalstorm]

How did you guys get 2.1% for ocbc? Shouldn’t it be 2.4%? (1.2+2.4+0.2+0.4+0.2+0.4)/2

Yes it is 2.4% if u hit 3 category. I pa jiao

 

[K|muRa^84]

Ocbc 360 eir is 2.1% (for 70k) if hit salary, cc spend of 500 and savings increased by 500 for that month. Correct?

the +500 each month doesn't earn any bonus interest if you already have 70k right?

 

[pcmdan]

the +500 each month doesn't earn any bonus interest if you already have 70k right?

Likely base interest

 

[sylves]

so mates, those who are using uob one account now are switching to store your stash to which account ?

 

[maumu]

so mates, those who are using uob one account now are switching to store your stash to which account ?

hsbc ega (with extra bonus) > ocbc > ega > uob > isavvy (till end Apr) > FastSaver (if u have 100k) > isavvy (after Apr) > eSaver > FastSaver (less than 100k)

 

[TerryPower]

which high interest saving account best for no salary? i don't mind using their credit card.

i intending to transfer my extras from ocbc to that account

 

[1scape]

cimb fastsaver

 

[GotBetrayed]

Now top up grab pay counted towards min spend?

 

[item2sell]

Now top up grab pay counted towards min spend?

No. Party over

 

[GotBetrayed]

Wa now abit hard to meet min spend haha

 

[KeytoFreedom]

Now that uob interest drop, what is the next best card to use ?

 

[SnorlaxGorGor]

New rates from 1st May... what do you think?

Posted with iFinger HardwareZone Forums app

 

[bumdssa]

Does favepay count towards min spend?

 

[CrashWire]

Does favepay count towards min spend?

Did you see if it's excluded in the T&C?