UOB ONE Account

[greatgreenman]

Looks like EIR of 3.3% makes this the best salary crediting account. Not sure if UOB will follow OCBC though

 

[sglandscape]

Looks like EIR of 3.3% makes this the best salary crediting account. Not sure if UOB will follow OCBC though

If they cut to 2.8% it'll still be an okay rate. But if they cut until 2% then, maybe need to just stick to DBS Multiplier.

 

[jeffong]

If they cut to 2.8% it'll still be an okay rate. But if they cut until 2% then, maybe need to just stick to DBS Multiplier.

If cut to 2%, I'd rather park in CPF OA liao by doing housing refund since can easily withdraw whenever i want.

 

[maumu]

If cut to 2%, I'd rather park in CPF OA liao by doing housing refund since can easily withdraw whenever i want.

are you above 55?

 

[sglandscape]

If cut to 2%, I'd rather park in CPF OA liao by doing housing refund since can easily withdraw whenever i want.

Not everyone is at that age where they can do that.

 

[Careful Investor]

With OCBC 360 interest cut in Aug 2025, so looking at UOB One and DBS Multiplier. For just salary crediting and credit card spend, UOB will be the highest interest rate (assuming it does not interest rate for now)? DBS Multiplier so many criteria

Thanks for advice.

 

[sglandscape]

With OCBC 360 interest cut in Aug 2025, so looking at UOB One and DBS Multiplier. For just salary crediting and credit card spend, UOB will be the highest interest rate (assuming it does not interest rate for now)? DBS Multiplier so many criteria

Thanks for advice.

UOB makes sense if you already spend 500 each month. DBS easy to achieve 4.1%, but you need an insurance, and it's only cheap if you're younger for a few bucks each month, otherwise it won't make sense.

 

[AKK]

But to get 4.1% for DBS, need 30k transaction per month.

 

[CaptainWu]

But to get 4.1% for DBS, need 30k transaction per month.

In the past while TBills with higher rate was pretty easy if you have TBills ladder and you can also redeem SSB from time to time and rolled ove with just $2. Now probably have to rely on high salary credit....

 

[thretiredDad]

With OCBC 360 interest cut in Aug 2025, so looking at UOB One and DBS Multiplier. For just salary crediting and credit card spend, UOB will be the highest interest rate (assuming it does not interest rate for now)? DBS Multiplier so many criteria

Thanks for advice.

With a lower interest environment coming

also expect uob one and DBS multipier to follow

better to manage your expectation

 

[highsulphur]

If I'm uob, there's no reason to maintain if my competitors have already reduced rates

 

[maumu]

fed not cutting rates... yet.

enjoy while it lasts. there is Standard Chartered that is bucking the trend by raising their rates instead of dropping for their B$, albeit it's more to target those who're into investing.

I think 3% is still viable... if play the cards right. UOB One's 3.3% is a sweet spot which I hope they won't be thinking about dropping further.

 

[chiokcc]

If I'm uob, there's no reason to maintain if my competitors have already reduced rates

They already cut STASH, probably can maintain UOB one current rates for the moment .....

 

[JetStorm]

Have to think long term (up to 12 months ahead ) on where to put our funds now.

At least 6 to 12 months FD or latest SSB still hovering above 2%.

 

[Mickey01]

The previous round of int rates revision -
1. OCBC announce in late Mar 2025 for 1st May 2025 effectivity
2. UOB announced 1st Apr 2025 for 1st May 2025 effectivity

This latest int rates revision -
1. OCBC announce late Jun 2025 for 1st Aug 2025 effectivity
2 ..................... TBC

 

[pongpond]

hi, if my uob one now has 150k. Can I draw out 100k today and then top up tomorrow. Will i still get my bonus interest up to 29th June?

 

[IGfusion83]

Dear all, not sure if it had been asked before.
The Quarterly earmark fresh fund event by UOB give some perks provided you lock in fresh fund for 4 months.
Lets say Q1 jan i load fresh fun. May i take them out.
July can i load in these funds to be consider for Q3 july's earmark event?

 

[NTTDoCoMo]

UOB ONE CC Monthly spending become $600 to enjoy quarterly cashback

Spend the following:
S$600, S$1,000 or S$2,000 per month (min. 10 purchases)

Get Cashback:
S$60, S$100 or S$200 respectively per quarter

Changes to the quarterly cashback, minimum monthly spend and transactions will be effective on your next qualifying quarter that begins on or after 1 September 2025 as follows:
• September, October and November
• October, November and December
• November, December, January

 

[chiokcc]

May 2025 was the first month that the new T&Cs kick in ....

Computed bonus interest for the first $150k principal amount (average daily balance) :

From 1st May 2025,

28 days in the month = $373.97 (not yet verified)
29 days in the month = $387.32 (not yet verified)
30 days in the month = $400.68 (not yet verified)
31 days in the month = $414.04 (verified for May2025)

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

I think the bonus interest should be in tomorrow or Wedensday .....

 

[chiokcc]

UOB ONE CC Monthly spending become $600 to enjoy quarterly cashback

Spend the following:
S$600, S$1,000 or S$2,000 per month (min. 10 purchases)

Get Cashback:
S$60, S$100 or S$200 respectively per quarter

Changes to the quarterly cashback, minimum monthly spend and transactions will be effective on your next qualifying quarter that begins on or after 1 September 2025 as follows:
• September, October and November
• October, November and December
• November, December, January

There is a mismatch of $500 to get bonus interest for UOB one account, and $600 for quarterly card rebates ....