UOB ONE Account

[blahblah4321]

if I link uob one credit card to fave pay is it considered as an eligible transaction? just checking so as to clock my 500$

 

[Barracudaz]

Hello, if I do a big ticket purchase via installment, does it count to the annual fee waiver?

 

[xoxomatcha]

Is UOB One Account good for people with low income?

 

[Trazora]

Is UOB One Account good for people with low income?

If monthly salary credited below $2000 then maybe. Alternative is dbs multiplier

 

[xoxomatcha]

If monthly salary credited below $2000 then maybe. Alternative is dbs multiplier

I see. Does both UOB One card and UOB and UOB One Debit Mastercard works the same in the sense that there will be up to 3.88% p.a. on your savings with UOB One Account as long as you spend S$500 monthly.

 

[Trazora]

I see. Does both UOB One card and UOB and UOB One Debit Mastercard works the same in the sense that there will be up to 3.88% p.a. on your savings with UOB One Account as long as you spend S$500 monthly.

Both uob one credit and debit card count to $500 spend for bonus interest. Both if can use credit card, of cos use it to get higher card rebate also.

Can use 3x giro instead of salary crediting for higher tier interest.

More importantly uob one account effective interest will only be maximum 1.796% for $75k savings starting in May. If savings is less than effective interest% drop even lower.

 

[SnorlaxGorGor]

Both uob one credit and debit card count to $500 spend for bonus interest. Both if can use credit card, of cos use it to get higher card rebate also.

Can use 3x giro instead of salary crediting for higher tier interest.

More importantly uob one account effective interest will only be maximum 1.796% for $75k savings starting in May. If savings is less than effective interest% drop even lower.

If less than 75k, what other account is better?

Posted with iFinger HardwareZone Forums app

 

[Trazora]

If less than 75k, what other account is better?

Posted with iFinger HardwareZone Forums app

Quite a few factors to consider, monthly salary crediting amount, savings balance amount, card spend amount etc.

 

[Smallchange]

Bro, thank you for mentioning this account here. Some of us signed up for the HLB 1.98% promo in February which ends in April. Can I suggest u post this under the FD tread especially towards the end of April? Since many of us will need to consider whether to move our funds then?

i was talking about it being underrated when many were only talking about isavvy and esaver, not telling you to open now, can monitor for their next promo rates.

Their thread also underrated, probably not many people know about its existence, it started off similar to the model of cimb fastsaver, I started the thread, nobody even bother.

https://forums.hardwarezone.com.sg/money-mind-210/hl-bank-isavings-account-6142570.html

then i saw the 3 months promo when another bro started a new thread, thanks to him.

https://forums.hardwarezone.com.sg/...ong-leong-isavings-account-promo-6201288.html

 

[HOHOHO!]

Both uob one credit and debit card count to $500 spend for bonus interest. Both if can use credit card, of cos use it to get higher card rebate also.

Can use 3x giro instead of salary crediting for higher tier interest.

More importantly uob one account effective interest will only be maximum 1.796% for $75k savings starting in May. If savings is less than effective interest% drop even lower.

Correct me if i am wrong, Isnt it adjusted from 3.88% to 3.68%. Between 60k to 75k?

 

[Trazora]

Correct me if i am wrong, Isnt it adjusted from 3.88% to 3.68%. Between 60k to 75k?

Yes but that is only for the amounts between 60k to 75k. Not the entire amount from $0 to $75k. Should look at the effective interest after averaging out the interest for different tier, which is 2.436% and dropping to 1.796% wef May.

 

[maumu]

Both uob one credit and debit card count to $500 spend for bonus interest. Both if can use credit card, of cos use it to get higher card rebate also.

Can use 3x giro instead of salary crediting for higher tier interest.

More importantly uob one account effective interest will only be maximum 1.796% for $75k savings starting in May. If savings is less than effective interest% drop even lower.

So in the event that we cancel the uob one credit card, we can still use the debit card to clock the min spend and qualify for the bonus interest yah?

Am anticipating if they refuse to waive the uob one credit card annual fees, what's plan B.

 

[discoburg]

Thats why I am keen to go back to OCBC 36o b ut scared when bring all the money over they also drop the interest due to the Covid19 situation.

Both uob one credit and debit card count to $500 spend for bonus interest. Both if can use credit card, of cos use it to get higher card rebate also.

Can use 3x giro instead of salary crediting for higher tier interest.

More importantly uob one account effective interest will only be maximum 1.796% for $75k savings starting in May. If savings is less than effective interest% drop even lower.

 

[kram62]

So in the event that we cancel the uob one credit card, we can still use the debit card to clock the min spend and qualify for the bonus interest yah?

Am anticipating if they refuse to waive the uob one credit card annual fees, what's plan B.

Yes min spend for bonus interest on the one account is counted both for credit and debit card. I only had debit card for a while and still got the bonus interest with 500 spend.

 

[Trazora]

Thats why I am keen to go back to OCBC 36o b ut scared when bring all the money over they also drop the interest due to the Covid19 situation.

Dun need to be scared can just switch again when interest change

 

[xoxomatcha]

Dun need to be scared can just switch again when interest change

Yea, seems like all interest rate for all banks will drop due to covid-19

 

[xoxomatcha]

Yes min spend for bonus interest on the one account is counted both for credit and debit card. I only had debit card for a while and still got the bonus interest with 500 spend.

Is GIRO deduction for insurance counted as one of the criteria to earn the interest?

 

[Trazora]

Is GIRO deduction for insurance counted as one of the criteria to earn the interest?

If you mean giro deduction from uob one account, it counts as one of three Giro bill payment.

If you meant recurring payment using eligible credit/debit card, it counts towards the $500 card spend for bonus interest but does not count to card rebate/points though.

 

[gazar1]

Actually among all is OCBC 360 the best for interest gaining?

 

[Trazora]

Actually among all is OCBC 360 the best for interest gaining?

Best or not is subjective