UOB ONE Account

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luvluvluv

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New interest only applies from 1 Dec onwards.
meaning 1-30 Nov was under the previous interest rate, which was credited on 2 Dec.
 
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spearhawk

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itchying said:
It seem that the earmark amt end date is 14 apr 2023 as stated in tnc. Meaning lock 100k for 4.5mths. So to maximise the one acct interest to get 5% for the 5mth, u need to the 100k for 5mth until end april 2023.

Provided that everything stays the same for 5mth, same 5% eir and do 1.6k salary credit and 500 spend for 5mth.

30000x3.85% + 30000x3.90% + 15000x4.85% + 25000x7.80% + 680/5mth×12mth

= (5002.50+1632)/100000x100
= 66324.50/100000x100
= 6.63% only. Not 7%

Correct me if i am wrong tks.
Click to expand...
depends when you start. if you start end dec, it is only 3.5 months, so using avg 4 months to calculate will be additional 2%, hence EIR of 7% for 4 months.
 
athletic91

athletic91

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Anyone still got the link for the fresh funds earmarked promo for additional interest ?
 
itchying

itchying

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Hyphos said:
Sorry if this has already been asked, but I couldn't find the answer to my question in the T&C:

Do the incremental fresh funds have to be one shot (e.g. 100K one time transfer), or can I accumulate 100K then register the form to earmark them?
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Just my opinion, if you would like to maximise interest of 5% eir for one account max 100k which is tier based interest, you should put in the 100k as early as possible. As the new interest rate starts from 1dec. If not, u gotten put in more than 100k so yr mthly ave balance is 100k to maximise interest . Otherwise u can always wait until u have 100k incremental fresh fund(measure against 31oct end balance) then u reg and earmark. be sure to check with uob first. I am also new to this.
 
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iduncheckmail

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itchying said:
Just my opinion, if you would like to maximise interest of 5% eir for one account max 100k which is tier based interest, you should put in the 100k as early as possible. As the new interest rate starts from 1dec. If not, u gotten put in more than 100k so yr mthly ave balance is 100k to maximise interest . Otherwise u can always wait until u have 100k incremental fresh fund(measure against 31oct end balance) then u reg and earmark. be sure to check with uob first. I am also new to this.
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interest is paid on your daily bal .
you can't just pump $3m in 31dec and expect them to pay you the full interest for the whole mth.
 
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Mazonrc

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iduncheckmail said:
interest is paid on your daily bal .
you can't just pump $3m in 31dec and expect them to pay you the full interest for the whole mth.
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No.

https://www.uob.com.sg/web-resources/personal/pdf/personal/save/tnc-cts.pdf
40.6 Bonus Interest is calculated at the end of each calendar month based on the monthly average balance and is credited at the beginning of following month. Monthly average balance is the summation of each day-end balance for each month divided by the number of calendar days for that month. We will determine the amount of monthly average balance which will earn Bonus Interest.
 
athletic91

athletic91

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itchying said:
Just my opinion, if you would like to maximise interest of 5% eir for one account max 100k which is tier based interest, you should put in the 100k as early as possible. As the new interest rate starts from 1dec. If not, u gotten put in more than 100k so yr mthly ave balance is 100k to maximise interest . Otherwise u can always wait until u have 100k incremental fresh fund(measure against 31oct end balance) then u reg and earmark. be sure to check with uob first. I am also new to this.
Click to expand...
if you are late, eg 15 dec, can still put 200k so that monthly ave balance exactly 100k
 
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Listopad

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Hyphos said:
Sorry if this has already been asked, but I couldn't find the answer to my question in the T&C:

Do the incremental fresh funds have to be one shot (e.g. 100K one time transfer), or can I accumulate 100K then register the form to earmark them?
Click to expand...

if we put maximising the EIR 5% aside, just from the T&C of this xmas promo , it seems like it needs to be one shot after registration.

anyone second this ?
 
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iduncheckmail

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Listopad said:
if we put maximising the EIR 5% aside, just from the T&C of this xmas promo , it seems like it needs to be one shot after registration.

anyone second this ?
Click to expand...
of coz laaaaa.
Earmarked is machaim place on hold. need the full amt for the full length of 4mths pre-determined.
 
jywy2005

jywy2005

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I just realised that you will get more bonus if you credit your salary instead of using 3 Giros. Retiree here. How to credit salary? :s15:
 
coey

coey

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Those that got 100 k in one account will auto get wealth banking?
If next time, move funds out, still can remain status quo or will be down graded ?
 
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