UOB ONE Account

[Moowoow]

Ok la still lower than FD. Should at least match their FD EIR 2.6% or higher with all these salary credit and card spend stuff. I find UOB evol to be very good, every month consistently get back $40 on top of interest. I use UOB one card as secondary now.

My evol card is a debit card, also get 40 ?

 

[saintgtril]

to me it's easier than DBS multiplier... which needs to clock so many different things to get 1.9% for $100k.

but anyway now's not the time to park with any of the local banks because there're so many better options out there.

RHB (4.2 - 4.5%) > EGA (2 - 3%) > eSaver (1.8 - 2.2%) > Singlife (2 - 2.5%, only for $10k sadly)

and there's also 6-mth T-bills... so short term wise the local banks will likely be bleeding cash because people in the know will move out to park elsewhere.

they're rolling out higher rates for FDs in an attempt to lock in our money instead of trying to increase the savings rates. that's how I see it.

Thanks for sharing. That seems like RHB is still the best deal to go for? Thanks!

 

[maumu]

Thanks for sharing. That seems like RHB is still the best deal to go for? Thanks!

yeah

 

[GotBetrayed]

My evol card is a debit card, also get 40 ?

Must be credit. Can sign up.

 

[FlyGuardX]

uob one with salary credit and 500sgd spending can get 2.145% for first 100k?

 

[reddevil0728]

uob one with salary credit and 500sgd spending can get 2.145% for first 100k?

seems like it.

 

[LouisSaha]

I find it weird that UOB FD account need to head down to branch to open it.

 

[BBQ99]

I find it weird that UOB FD account need to head down to branch to open it.

My guess is their IT not enough time to update as it is decided on Sat. I have a frd who went on Fri to cancel the 2.4% offer last mth to update to 2.6% at 12 mth was not given the 2.7% offer. I believe later next week it will be updated

 

[darwinkoh]

Now UOB ONE account distinguished the rates between "3 GIRO payments" and "salary crediting". For salary crediting, possible to set up standing instruction to transfer a amount of $1,600 with reference as "SALA“? For Maybank SaveUp account, such set up works.... Not sure if such set up works for accounts which give higher interest rate for salary crediting.... e.g. OCBC360, UOB ONE, DBS Multiplier or BOC SmartSaver... Comments please. Thanks.

 

[GotBetrayed]

IMHO, not very fair to compare with a 1year FD lah..

One is purely liquid vs lock-up for 365 days....

If all current / saving account's rate matches FD, then what's the point of banks offering FD to lock up your $ for months or even years?

Ya but still, pre covid time UOB one account is 0.6% higher than FD, need salary credit and min spend 500. I used to get 152 sgd as interest based on 75k and salary credit + min spend 500, which is about 2.7% pre covid. Back then my FD was only 1.85% with UOB too.

now they should really make it like 3.4% EIR for it to be attractive.

 

[JetStorm]

Now UOB ONE account distinguished the rates between "3 GIRO payments" and "salary crediting". For salary crediting, possible to set up standing instruction to transfer a amount of $1,600 with reference as "SALA“? For Maybank SaveUp account, such set up works.... Not sure if such set up works for accounts which give higher interest rate for salary crediting.... e.g. OCBC360, UOB ONE, DBS Multiplier or BOC SmartSaver... Comments please. Thanks.

Their website say eligible salary Credit is must be made via GIRO and ref SALA within calender month. Dont think can just setup SI to trf. But no harm to try?

 

[IcYFl4mEz]

How to get "SAL/GIRO" ?
Some SME payout using "remittance transfer" etc.

 

[sgbird]

I am new to UOB one account as I have been using BOC SmartSaver always. Now considering move my money from SmartSaver to One Account. Currently SmartSaving with Salary Credit + 3x Bill Payment + S$800 CC spedning gives me only 1.2+% interest for my first 60K saving. Peanut already....

Question is: UOB one account with Salary + Bill Payment + CC Spending, can hit how much of interest rate? Any limit on account balance?

 

[Mickey01]

How to get "SAL/GIRO" ?
Some SME payout using "remittance transfer" etc.

sometime back it was discussed in some other threads. You need to talk to your company HR or Finance.

 

[jywy2005]

UOB One Account still gives me higher interest even though I dun credit my salary into it, as compared to DBS Multipler. But must always higher account balance every month.
I managed to place my FD online via the mobile app. No need to go to the bank. Could be I have a dormant existing FD account in the first place.
Anybody using UOB stash account to earn higher interest?

 

[BBQ99]

UOB One Account still gives me higher interest even though I dun credit my salary into it, as compared to DBS Multipler. But must always higher account balance every month.
I managed to place my FD online via the mobile app. No need to go to the bank. Could be I have a dormant existing FD account in the first place.
Anybody using UOB stash account to earn higher interest?

Not sure if changed. But stash only EIR of 0.6% for 100k is really low now. Too many better option that is several times higher. Like FD, SIF, Cimb etc

 

[testingabc]

They have another 2.7% for 15mth FD. I just found out today when I want to cancel my 2.4% FD to update to the 12mth 2.6% FD. The 2.7% currently is not shown in website. But I think dun put too much yet. I believe will raise further since BEA is 2.88%pa FD for 12mth now.

I heard people talking BEA 2.88%, but I cannot find the source on website. I can only find HL and SIF 2.75% on website. Able to share ? Thanks

 

[jywy2005]

Not sure if changed. But stash only EIR of 0.6% for 100k is really low now. Too many better option that is several times higher. Like FD, SIF, Cimb etc

Thanks for replying. No wonder my interest is so pathetic even though there is incremental balance in it. Will close this account to put into FD or some higher yield accounts.

 

[BBQ99]

I heard people talking BEA 2.88%, but I cannot find the source on website. I can only find HL and SIF 2.75% on website. Able to share ? Thank

I only saw a picture taken on the paper. I am guessing will need to go to the branch to setup.
You can try calling them to ask
https://www.hkbea.com.sg/html/en/beasg-personal-banking-fixed-deposit-account.html
I found the pic here. (not my picture. Owner if not ok let me know i will take down)

 

[Kfc2019]

I only saw a picture taken on the paper. I am guessing will need to go to the branch to setup.
You can try calling them to ask
https://www.hkbea.com.sg/html/en/beasg-personal-banking-fixed-deposit-account.html
I found the pic here. (not my picture. Owner if not ok let me know i will take down)

Just called them, minimum 100k