UOB ONE Account

[cal3135]

Will exit ...

From 01 Aug 2020 to ....
($2.3630)×(no of days in the month)
28 days in the month = $66.16
29 days in the month = $68.52
30 days in the month = $70.89
31 days in the month = $73.25

xs HardwareZone Forums app

 

[Sinkie]

<< UOB OneAccount bonus interest chronology >>

Bonus interest if you satisfy the required conditions and have ADB of $75k in the account :

01 August 2018 to 30 April 2020
($4.903)×(no of days in the month)
28 days in the month = $137.27
29 days in the month = $142.17
30 days in the month = $147.08
31 days in the month = $151.98

01 May 2020 to 30 July 2020
($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

From 01 Aug 2020 to ....
($2.3630)×(no of days in the month)
28 days in the month = $66.16
29 days in the month = $68.52
30 days in the month = $70.89
31 days in the month = $73.25

No point trying to spend $500 after 1 August

Thanks for the calculation

 

[SBC]

Original: Maximum effective interest rate (EIR) on the One Account was 2.4% p.a. for deposits of S$75,000

Current:
Maximum effective interest rate (EIR) on the One Account is 1.80% p.a. for deposits of S$75,000

From 1st Aug 2020:
Maximum effective interest rate (EIR) on the One Account is 1.20% p.a. for deposits of S$75,000

It is still quite good compared to the others, but if i was a new customer, i won't bother setting up just for 1.2% and have to spend $500 monthly.

I checked that new EIR is 1.45%.

 

[chiokcc]

No point trying to spend $500 after 1 August

Thanks for the calculation

I did the comparison for historical reference .....

Hope the economy recovers sooner, rather than later ....

 

[Trazora]

I checked that new EIR is 1.45%.

Try check again. Should be max 1.2% for $75000

 

[rrr2015]

if you add the quarterly $50 cashback, it's about there 1.46%

Try check again. Should be max 1.2% for $75000

 

[Trazora]

if you add the quarterly $50 cashback, it's about there 1.46%

Lol like that also can? You can potentially get higher rebate using other credit card.

 

[S1mpleGuy]

exit.. rhb fuss free account also earn more than 1.2%

 

[juelim]

Will exit ...

xs HardwareZone Forums app

Will exit to what?

With all the banks nerfing their interest rates, no where to go liao, except perhaps the stock markets

 

[juelim]

exit.. rhb fuss free account also earn more than 1.2%

Let's see how long before RHB joins the nerfing wagon.

 

[rrr2015]

I'm not saying this is better than that, just suggesting how it's 1.45%. u need to meet card spend min $500 anyway

so which higher rebate credit card that also gives additional 1.2% interest you are suggesting?

Lol like that also can? You can potentially get higher rebate using other credit card.

 

[Trazora]

I'm not saying this is better than that, just suggesting how it's 1.45%. u need to meet card spend min $500 anyway

so which higher rebate credit card that also gives additional 1.2% interest you are suggesting?

E.g. ocbc 360 also can get 1.2% without need for card spend. Can spend on any card for rebate. Can easily get more than 3.33% rebate.

 

[hub8246]

E.g. ocbc 360 also can get 1.2% without need for card spend. Can spend on any card for rebate. Can easily get more than 3.33% rebate.

Can share which card is giving more than 3% rebate easily? Thanks alot.

 

[Trazora]

Can share which card is giving more than 3% rebate easily? Thanks alot.

For example
Maybank family and friends.
Ocbc frank.
Dbs live fresh.
Citi SMRT

 

[rrr2015]

salary bonus is 0.6% for first 35k, 1.2% for next 35k so EIR is about 0.95%. hmm ... i don't see any rebate for card spend
https://www.ocbc.com/personal-banking/deposits/360-savings-account

E.g. ocbc 360 also can get 1.2% without need for card spend. Can spend on any card for rebate. Can easily get more than 3.33% rebate.

 

[waddahell]

salary bonus is 0.6% for first 35k, 1.2% for next 35k so EIR is about 0.95%. hmm ... i don't see any rebate for card spend
https://www.ocbc.com/personal-banking/deposits/360-savings-account

0.3% if u increase ADB by $500 over previous month.

 

[Trazora]

salary bonus is 0.6% for first 35k, 1.2% for next 35k so EIR is about 0.95%. hmm ... i don't see any rebate for card spend
https://www.ocbc.com/personal-banking/deposits/360-savings-account

Salary 0.9%
Incremental $500 balance 0.3%
Base 0.5%
Total 1.25% without need card spend. Which free up for spending on cards with higher rebate.

 

[tidalstorm]

May I know the credit card rebate still remains?

Spend 1k each for 3 months get 100 bucks and spend 2k each for 3 months get 300 bucks rebate?

 

[juelim]

May I know the credit card rebate still remains?

Spend 1k each for 3 months get 100 bucks and spend 2k each for 3 months get 300 bucks rebate?

For now, yes. Only the ONE account got nerfed, got the ONE credit card, yet.
Same for all the other credit cards.

 

[tidalstorm]

Thanks for the reply