UOB ONE Account

[chopra]

<< UOB OneAccount bonus interest chronology >>
~~Updated 02 Oct 2020~~

Bonus interest if you satisfy the required conditions and have ADB of $75k in the account :

01 August 2018 to 30 April 2020
($4.903)×(no of days in the month)
28 days in the month = $137.27
29 days in the month = $142.17
30 days in the month = $147.08
31 days in the month = $151.98

01 May 2020 to 31 July 2020
($3.58767)×(no of days in the month)
28 days in the month = $100.45
29 days in the month = $104.04
30 days in the month = $107.63
31 days in the month = $111.21

From 01 Aug 2020 to 31 Oct 2020
($2.3630)×(no of days in the month)
28 days in the month = $66.16
29 days in the month = $68.52
30 days in the month = $70.89
31 days in the month = $73.25

From 01 Nov 2020 to ....
($1.9520)×(no of days in the month)
28 days in the month = $54.65
29 days in the month = $56.60
30 days in the month = $58.56
31 days in the month = $60.51

this is for 500 spend or 2000 spend

 

[Trazora]

this is for 500 spend or 2000 spend

Both same. Just need min $500 for bonus interest.

 

[chiokcc]

Both same. Just need min $500 for bonus interest.

Bonus interest for UOB one acct is min $500 spend.

The $500/1000/2000 spend is for UOB one credit card quarterly rebate...

 

[chiokcc]

<< UOB OneAccount bonus interest chronology >>
~~Updated 02 Oct 2020~~

Bonus interest if you satisfy the required conditions and have ADB of $75k in the account :

01 August 2018 to 30 April 2020
($4.903)×(no of days in the month)
28 days in the month = $137.27
29 days in the month = $142.17
30 days in the month = $147.08
31 days in the month = $151.98

01 May 2020 to 31 July 2020
($3.58767)×(no of days in the month)
28 days in the month = $100.45
29 days in the month = $104.04
30 days in the month = $107.63
31 days in the month = $111.21

From 01 Aug 2020 to 31 Oct 2020
($2.3630)×(no of days in the month)
28 days in the month = $66.16
29 days in the month = $68.52
30 days in the month = $70.89
31 days in the month = $73.25

From 01 Nov 2020 to ....
($1.9520)×(no of days in the month)
28 days in the month = $54.65
29 days in the month = $56.60
30 days in the month = $58.56
31 days in the month = $60.51

Note that the above is calculation for bonus interest, which excludes the 0.05% base interest.

 

[Ceschfab]

Both same. Just need min $500 for bonus interest.

For the 2nd time this year, I didn’t receive bonus interest due to posted date of transaction is considered next calendar mth but this statement cycle.
Very sway

 

[Trazora]

For the 2nd time this year, I didn’t receive bonus interest due to posted date of transaction is considered next calendar mth but this statement cycle.
Very sway

Should call in to align statement month to calendar month

 

[saintgtril]

No unless paying via ipaymy

Correct me if i am wrong, taking into account the ipaymy fee (promotion 1.8x or 1.9x), net net still profitable to use UOB one card for ipaymy. Correct?

 

[Trazora]

Correct me if i am wrong, taking into account the ipaymy fee (promotion 1.8x or 1.9x), net net still profitable to use UOB one card for ipaymy. Correct?

Yes. Rebate higher than fees

 

[Barracudaz]

Do installment qualify for the $12K spent annual fee waiver?

 

[otahman]

how u get the ($1.9520)? just curious haha

 

[chiokcc]

how u get the ($1.9520)? just curious haha

75000 x {[(0.50+0.55+0.65+0.80+2.50)/5]-0.05} / 100 /365 = 1.9520

https://www.uob.com.sg/web-resource...ision-of-interest-rates-one-stash-sep2020.pdf

 

[vsvs24]

75000 x {[(0.50+0.55+0.65+0.80+2.50)/5]-0.05} / 100 /365 = 1.9520

https://www.uob.com.sg/web-resource...ision-of-interest-rates-one-stash-sep2020.pdf

For a moment I was wondering why so high.

Then I saw it is $ not %.

$1.952 per day for $75000

 

[chiokcc]

For a moment I was wondering why so high.

Then I saw it is $ not %.

$1.952 per day for $75000

I always believe in looking in terms of interest rate and absolute $$.

 

[MrAppleCrumble]

Time to change Liao nov too Low

 

[badsector]

Time to change Liao nov too Low

change which bank?

 

[tidalstorm]

Eir after nov is <1% sia.

I now trying endowus cash smart plus. Yielding abt 2 to 2.4%. Got a bit of risk but so far so good. This is as good as I can get liao.

If wan referral, pm me. Lol.

 

[saintgtril]

Eir after nov is <1% sia.

I now trying endowus cash smart plus. Yielding abt 2 to 2.4%. Got a bit of risk but so far so good. This is as good as I can get liao.

If wan referral, pm me. Lol.

Hi endowus, please share more details on cash smart plus, an insurance or etc...?

 

[otahman]

change which bank?

now i think DBS better...

 

[saintgtril]

Hi all, 2 questions, will appreciate if the experts here can help,

1. am i right to understand to optimize the gains, we should park 75K in UOB one account, not more, not less?
2. noting (1), what is the UOB one account interest for 75K, assuming i meet the UOB one card spend of min. S$500 & make 3 GIRO debit transactions - UOB one account? Thanks!

I went through the following and cannot comprehend the tier interest : https://www.uob.com.sg/onecards/uob-one-account.html


I have an AVIVA single premium due early near year. I plan to use ipaymy using UOB one card combo with this UOB one account.

 

[maumu]

Hi all, 2 questions, will appreciate if the experts here can help,

1. am i right to understand to optimize the gains, we should park 75K in UOB one account, not more, not less?
2. noting (1), what is the UOB one account interest for 75K, assuming i meet the UOB one card spend of min. S$500 & make 3 GIRO debit transactions - UOB one account? Thanks!

I went through the following and cannot comprehend the tier interest : https://www.uob.com.sg/onecards/uob-one-account.html


I have an AVIVA single premium due early near year. I plan to use ipaymy using UOB one card combo with this UOB one account.

it's quite simple, the rates increase until you reach the last tier ($60k - $75k). effective interest rate for $75k is 1% from 1 Nov onwards (just take the average of the 5 rates since each tier is evenly $15k). quite pathetic but... easy to reach with $500 spend and 3 GIRO.