UOB ONE Account

[Henabi]

Wow. Just saw the interest rate drop from 1 Nov. You all changing to which bank ?

https://blog.seedly.sg/uob-one-savings-account-review/?amp=1

The Ugly: UOB Cutting Interest Rates for its UOB One Account

The Bad: UOB Cutting Interest Rates for its UOB Stash Account

The Good: Qualifying Criteria for the UOB Account and UOB Stash Account Remains Unchanged and Simple

Sent from Henabi virus using GAGT

 

[alvismah]

Looks like llst and stay on uob one.

 

[chiokcc]

If you can still meet the qualifying criteria easily and nowhere else to park the $$, might as well stay on....

 

[chiokcc]

How I view the account .....

I see it on another way, which I think most people will not agree with.

Treat the $75k not as something that you can invest for higher returns, but as emergency funds.

If I am able to spend min of $500 on credit card, and with bonus interest of ~$70, I compute as (70/500) = 14% cash rebate.

If you include quarterly rebates, it will be {70+(50/3))/500} = 17.3%

 

[kael1n83]

anyone knows if payment via axs using uob one credit card considered eligible spend?

 

[chiokcc]

anyone knows if payment via axs using uob one credit card considered eligible spend?

Not counted...

 

[Sinkie]

Interest drop again from nov 1?

 

[Sinkie]

 

[oceanicmanta]

Interest drop again from nov 1?

UOB say can still earn up to 2.5% interest wor

 

[Sinkie]

UOB say can still earn up to 2.5% interest wor

Is it even worth it now to spend the $500 for credit card spending too

 

[badsector]

Is it even worth it now to spend the $500 for credit card spending too

worth or not, i dunnoe.
mine all fixed spending

 

[chopra]

testing my maths again

from 1.2% become 1% for 75k issit.

sama sama as singlife

 

[Sinkie]

worth or not, i dunnoe.
mine all fixed spending

Me now $2,000 fixed spending for each month to earn the 5%, that’s about it now

 

[AlvinDj]

Me now $2,000 fixed spending for each month to earn the 5%, that’s about it now

Same here, that's the only thing attractive of UOB One now, at 2k nett spending, and of course if you shop dairy farm group... other than that, the rest channel elsewhere better..

 

[Sinkie]

Same here, that's the only thing attractive of UOB One now, at 2k nett spending, and of course if you shop dairy farm group... other than that, the rest channel elsewhere better..

Use it to pay for tax with ipaymy, the rest is just buying giant voucher and round it up to $2000

 

[azeris10]

Dropping this account, so useless now

 

[tidalstorm]

Pay income tax in installment via cc can consider as part of the 2k spend? I always pay by giro

 

[Trazora]

Pay income tax in installment via cc can consider as part of the 2k spend? I always pay by giro

No unless paying via ipaymy

 

[MrAppleCrumble]

testing my maths again

from 1.2% become 1% for 75k issit.

sama sama as singlife

Currently $75k spend $500 can get
from $75. Come nov drop to $62.5?? Can anyone confirm mah.

 

[badsector]

Currently $75k spend $500 can get
from $75. Come nov drop to $62.5?? Can anyone confirm mah.

<< UOB OneAccount bonus interest chronology >>
~~Updated 02 Oct 2020~~

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 31 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 = $111.21

From 01 Aug 2020 to 31 Oct 2020
($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

From 01 Nov 2020 to ....
($1.9520)×(no of days in the month)
28 days in the month = $54.65
29 days in the month = $56.60
30 days in the month = $58.56
31 days in the month = $60.51