UOB ONE Account

[iosnewbie]

If I transfer 150k into my UOB One account (currently zero amount inside) on 30 Apr, would the ABD calculation start from 1 May? Is there a specific cutoff date within a calendar month to transfer salary and to complete the $500 mon spend on eligible UOB credit cards to meet the requirements?

 

[MiloMocha]

If I transfer 150k into my UOB One account (currently zero amount inside) on 30 Apr, would the ABD calculation start from 1 May? Is there a specific cutoff date within a calendar month to transfer salary and to complete the $500 mon spend on eligible UOB credit cards to meet the requirements?

Yes, you can do that as the Monthly Average Balance is calculated by using the end-of-the-day closing balances in your account, summed up over a given month, and divided by the number of days in that month.

As long as the salary credit and $500 card spend are posted in that calendar month.

 

[MiloMocha]

It's best to have the salary credit and $500 card spend done in the first 2-3 weeks rather than waiting until closer to month-end.

 

[Jun666]

anyone know whats the cutoff time for UOB?

 

[rob1977]

sorry. if this has been asked before.
wanted to ask about how the "sala", "paynow sala" works, does FAST still work with 'salary payment" as purpose of transfer or simply PAYNOW with "paynow sala" or must PAYNOW with "paynow sala" with 'salary payment' as purpose. But decided not to ask as i believe i will be harshly scolded by some lao jiao here..

how to know the MCC of a transaction posted on UOB ONE cc?
if the transaction is an eligible spend (not in the exclusion list) but paid with AXS, does it consider part of $500 spend? anyone has experienced that before?

 

[MiloMocha]

sorry. if this has been asked before.
wanted to ask about how the "sala", "paynow sala" works, does FAST still work with 'salary payment" as purpose of transfer or simply PAYNOW with "paynow sala" or must PAYNOW with "paynow sala" with 'salary payment' as purpose. But decided not to ask as i believe i will be harshly scolded by some lao jiao here..

how to know the MCC of a transaction posted on UOB ONE cc?
if the transaction is an eligible spend (not in the exclusion list) but paid with AXS, does it consider part of $500 spend? anyone has experienced that before?

One way to find out is to check with UOB Customer Service for the MCC code after you have made the transaction.

If you want to find out the code before the transaction, you can try using Heymax or use a locked DBS card to attempt a transaction. Then, check the MCC of the declined transaction via DBS Digibot.

 

[mynickname]

if the transaction is an eligible spend (not in the exclusion list) but paid with AXS, does it consider part of $500 spend? anyone has experienced that before?

Iirc axs transactions are excluded for one card, not sure about deposit bonus

 

[CrashWire]

sorry. if this has been asked before.
wanted to ask about how the "sala", "paynow sala" works, does FAST still work with 'salary payment" as purpose of transfer or simply PAYNOW with "paynow sala" or must PAYNOW with "paynow sala" with 'salary payment' as purpose. But decided not to ask as i believe i will be harshly scolded by some lao jiao here..

Why did you even write it then.

Anyway, to be 100% safe, just inform your HR to change your salary crediting account to your UOB One account.

how to know the MCC of a transaction posted on UOB ONE cc?
if the transaction is an eligible spend (not in the exclusion list) but paid with AXS, does it consider part of $500 spend? anyone has experienced that before?

Iirc axs transactions are excluded for one card, not sure about deposit bonus

The FAQ PDF on the website has the answer.

 

[camholicx]

If I not wrong, you can use another bank to transfer $1600 and indicate as Salary payment.

 

[camholicx]

So the gist is, I must be able to get $150k in the account to get 6% interest. Assuming that everything else is the same now (i getting full interest rate now).

 

[pohw0008]

So the gist is, I must be able to get $150k in the account to get 6% interest. Assuming that everything else is the same now (i getting full interest rate now).

4%. Not 6..

 

[rob1977]

Hi,
What's the current eir if all fulfilled and maintain balance of 100k?

What will be the future eir from May onwards if all fulfilled and maintain balance of 100k, 125k,150k?

Sorry not good at math.

 

[sibeiTrolled]

Sorry not good at math.

Not an excuse to not trying out in excel by yourself.

Excel table below for visualization
Existing 100k = 5%

NEW 100k = 3.3%
NEW 125k = 3.6%
NEW 150k = 4%

EXISTING
30000​	3.85%​	1155​
30000​	3.90%​	1170​
15000​	4.85%​	727.5​
25000​	7.80%​	1950​
100000​		5002.5​	5.0025​

NEW 100k
30000​	3.00%​	900​
30000​	3.00%​	900​
15000​	3.00%​	450​
25000​	4.50%​	1125​
100000​		3375​	3.375​

NEW 125k
30000​	3.00%​	900​
30000​	3.00%​	900​
15000​	3.00%​	450​
25000​	4.50%​	1125​
25000​	4.50%​	1125​
125000​		4500​	3.6​

new 150k
30000​	3.00%​	900​
30000​	3.00%​	900​
15000​	3.00%​	450​
25000​	4.50%​	1125​
25000​	4.50%​	1125​
25000​	6.00%​	1500​
150000​		6000​	4​

 

[instad]

Hi,
What's the current eir if all fulfilled and maintain balance of 100k?

What will be the future eir from May onwards if all fulfilled and maintain balance of 100k, 125k,150k?

Sorry not good at math.

Others already shared the new interest rates a few pages back. Even if you missed it can just use the search function. You just want to be spoon fed, don’t use the excuse of being bad at math.

 

[chiokcc]

In order to compute the EIR, just use computational methods (spread-sheet, Python, etc ....), no need to derive analytical formula .....

For me personally, I do not only look at EIR, but also at the absolute amounts of rebate ..... reason being, at least the principal (up to $150k), is still liquid, unlike FD, so still worth putting $$ into .....

 

[sglandscape]

In order to compute the EIR, just use computational methods (spread-sheet, Python, etc ....), no need to derive analytical formula .....

For me personally, I do not only look at EIR, but also at the absolute amounts of rebate ..... reason being, at least the principal (up to $150k), is still liquid, unlike FD, so still worth putting $$ into .....

Yup agree that shoukd use both. At the end of the day it is the money that feeds you, not the EIR. Being able to access funds to buy investments (or even SSB to lock in the higher rates is also valuable)

 

[xoxozone]

Does anyone tried know charging card to Easybook, is it counted towards UOB one interest?

 

[Cumzilla]

Does anyone tried know charging card to Easybook, is it counted towards UOB one interest?

Yes

 

[rachel_tieh]

Not an excuse to not trying out in excel by yourself.

Excel table below for visualization
Existing 100k = 5%

NEW 100k = 3.3%
NEW 125k = 3.6%
NEW 150k = 4%

​

thanks so much for the summary!

with this lower interest rate, is it still better than OCB 360?

 

[sibeiTrolled]

thanks so much for the summary!

with this lower interest rate, is it still better than OCB 360?

Well, it's a open ended question

Once it is may, yes. With the same 100k, OCBC eir of 4.65%(save spend increase), is higher than uob one of 3.3%

But that's assuming ocbc doesn't drop its interest rate

If you already have existing uob one account, jus continue using it till everything has settled.

If you are new, then...good luck I guess?

Either way just stick to one and keep using till you find alternatives