UOB ONE Account

[dereth]

Cool. If no salary credit, use 3 GIROs can get same % benefits?

No. Different.

There is a calculator on UOB One's page and you can input the numbers to see the approximate interest you can get.

 

[ekardo]

the earmark is taking a long time... registered in May1, make sure may have incremental of $X for whole of may, then 28Jun they earmark and pay bonus...and wait till 16Sep for earmark to end.

effectively, it's May, Jun, Jul, Aug, and 1/2 Sep...

4.5mths...

but since this is spare $, I am ok to wait...no where else to park anyway...

 

[ThreeSteps]

Repeating the info for convenience and reference sake .....

From 1st May 2024, computed bonus interest for the first $150k principal amount (average daily balance) :

28 days in the month = $454.52
29 days in the month = $470.75
30 days in the month = $486.98
31 days in the month = $503.21

Disclaimer : actual amounts may differ by a few cents due to rounding off, pls refer to bank for eventual amounts .....

Bonus interest should come in by Monday or Tuesday .....

Bonus interest credited this morning, exactly $503.21

 

[vodka_water]

the earmark is taking a long time... registered in May1, make sure may have incremental of $X for whole of may, then 28Jun they earmark and pay bonus...and wait till 16Sep for earmark to end.

effectively, it's May, Jun, Jul, Aug, and 1/2 Sep...

4.5mths...

but since this is spare $, I am ok to wait...no where else to park anyway...

Placed $50k incremental, do you receive any confirmation on the earmark?

 

[hyperfuse]

Bonus interest credited this morning, exactly $503.21

wierd. i gotten $501.37

i top up from 100k to 150k on 1st may after 12am though.

update* i check the details and it show monthly average balance to be $148387.43

i guess topping up on 1st may, that day not counted? only count on 2nd may. anyway its ok, just a difference of $2 only haha..

 

[tweeety]

May i check if my average balance is 148k, then i joined the 50k earmark last month, do i need to make sure im always above 150k average balance to earn the max interest?

 

[ThreeSteps]

wierd. i gotten $501.37

i top up from 100k to 150k on 1st may after 12am though.

update* i check the details and it show monthly average balance to be $148387.43

i guess topping up on 1st may, that day not counted? only count on 2nd may. anyway its ok, just a difference of $2 only haha..

Check the actual posting date of the $50k. Since 01May is a public holiday, the posting date will be 02May resulting in the Monthly Average Balance (May) to fall below $150k. Transfers on Sat (after cutoff time), Sunday & public holiday for most banks are generally posted on the next working day.

 

[hyperfuse]

Check the actual posting date of the $50k. Since 01May is a public holiday, the posting date will be 02May resulting in the Monthly Average Balance (May) to fall below $150k. Transfers on Sat (after cutoff time), Sunday & public holiday for most banks are generally posted on the next working day.

u are right. posting date becomes 2nd may even though it was an instant FAST transfer on 1st may. anyway doesnt matter, just $2.

 

[maumu]

any idea when will the bank usually post their next quarter (Q3) savings promotion?

last day of June? or a few days before?

need to strategize movement of funds... due to FAST limits.

 

[ekardo]

Placed $50k incremental, do you receive any confirmation on the earmark?

No. But I wrote to confirm with CS

 

[ekardo]

u are right. posting date becomes 2nd may even though it was an instant FAST transfer on 1st may. anyway doesnt matter, just $2.

Aiya. I think it matters to me cos now my ADB is $148K ++ instead of $150k.
Didn’t hit the 50k increment for May. Oh no…

 

[Mickey01]

Placed $50k incremental, do you receive any confirmation on the earmark?

Funds earmark day and gift credit day are the same. So this is the confirmation.

 

[hyperfuse]

Icic

Aiya. I think it matters to me cos now my ADB is $148K ++ instead of $150k.
Didn’t hit the 50k increment for May. Oh no…

Icic. Silly me. I filled the form and set 20k increment instead but I top up 50k. So it's okay for me haha..

 

[gobin74]

the earmark is taking a long time... registered in May1, make sure may have incremental of $X for whole of may, then 28Jun they earmark and pay bonus...and wait till 16Sep for earmark to end.

effectively, it's May, Jun, Jul, Aug, and 1/2 Sep...

4.5mths...

but since this is spare $, I am ok to wait...no where else to park anyway...

i second that

The terms and conditions are tedious and not well explained

hope they may be more clearer in their comms

 

[.OneTwoThree]

Hi all

Sorry noob question. I have an existing UOB One account that is linked to an One Debit Card. I have just applied for a One Credit Card. Do I need to do anything e.g. link my One Credit Card to my One Account in order to be eligible for the higher/bonus interest? Or total spending will be accumulated across both my One Debit + Credit Cards?

Thanks in advance!

 

[shingo86]

No need do anything. Just track ur spending progress on the uob tmrw app.

 

[iosnewbie]

I got my first round of bonus interest from UOB One. I checked the bonus interest history details and the MAB for May-2024 was $153,534.42 and bonus interest (level 2) earned was $503.21.

Is the amount of bonus interest earned correct?

 

[jywy2005]

No need do anything. Just track ur spending progress on the uob tmrw app.

There are a few exclusions like telco bills not covered. Need to check before end of month to track it’s fulfilment

 

[shingo86]

There are a few exclusions like telco bills not covered. Need to check before end of month to track it’s fulfilment

Hmm recurring payments for me is counted for the bonus interest ar. Internet, phone, utility, insurance etc.

Just not counted for the cash back.

Aiya anyway dun check last min. It can take up to 5 working days to post.

 

[Cumzilla]

Hmm recurring payments for me is counted for the bonus interest ar. Internet, phone, utility, insurance etc.

Just not counted for the cash back.

Aiya anyway dun check last min. It can take up to 5 working days to post.

is there changes to the exclusion list for cashback? when it started that telco bills do not qualify for cashback?