UOB Stash Account

[antro65]

If they pay you the interest and you forget to take out on the same day your ADB will increase. Then gg whole month interest gone.

I am a newbie to UOB stash ...understand this was posted a few months ago, anyone can help to clarify? If deposited $100,000, and after one month, the interest given is about $250, so the MAB become $100,250 from the day after when the interest was not removed?

 

[nasilemak100]

I am a newbie to UOB stash ...understand this was posted a few months ago, anyone can help to clarify? If deposited $100,000, and after one month, the interest given is about $250, so the MAB become $100,250 from the day after when the interest was not removed?

not sure about this also....hopefully the interest can be credited on the 1st calendar day of the new month and on that same (1st calendar) day, quickly transfer out the $250 so that just keep the average flat at 100k.

otherwise it will be become a hostage situation whereby we are forced to keep the interest (because need to maintain same or increased average) there to get the interest for the next month.

 

[nasilemak100]

the interest came in when i checked this morning at around 8am.

so i think to be safe, u can just transfer all the interest out before end of 1st calendar day of each month

 

[Shalom_555]

I own and fund Stash because of the promo to get 4.5%. Every mth, just withdraw all interest and just add $1, this $1added will make sure ADB current mth is higher than previous - u can easily check, I always use internet banking.

My promo ending, so I will keep zero thereafter.

I am late to the game so truly appreciate your sharing. When the national saver promo ends on Dec 17 and I withdraw to zero, it will incur a fall below fee $2 (cos minimum balance is $1k). Am I correct? TIA

 

[royalmix]

I am late to the game so truly appreciate your sharing. When the national saver promo ends on Dec 17 and I withdraw to zero, it will incur a fall below fee $2 (cos minimum balance is $1k). Am I correct? TIA

To max your returns to 4.6%pa, you should keep your 100k+ till end Dec to receive 3%pa interest for Dec on 1 Jan. Withdraw to zero only in Jan. When your balance is zero in Jan and every mth thereafter, it will not attract fall below fee! If you do not meet MAB of min 1k balance and have balance in your account, the claw machine will grab your $2!

 

[Shalom_555]

To max your returns to 4.6%pa, you should keep your 100k+ till end Dec to receive 3%pa interest for Dec on 1 Jan. Withdraw to zero only in Jan. When your balance is zero in Jan and every mth thereafter, it will not attract fall below fee! If you do not meet MAB of min 1k balance and have balance in your account, the claw machine will grab your $2!

Thank you for your tips to newbies. Indeed it is very insightful and valuable.

 

[Jov1623]

I just received the monthly interest today , so I need to withdraw all to keep the MAB same as last month ? Thanks

 

[AppleiPhone]

I just received the monthly interest today , so I need to withdraw all to keep the MAB same as last month ? Thanks

Based on my own calculation 100K@Stash
Interest received
31 Aug interest minus 2days ADB increases
$4.24 - 0.28 > $3.95
1 Sep interest minus 1day ADB increases
$250.97 - 8.36 > 242.60

Amount to withdraw today is $3.95 + $242.60 = $246.55 - Sorry my mistake...

Correction ... Actually can withdraw max $250.97+3.95 = $254.92

But the Sep ADB will increase 100,008.xx, 1 Oct can still get bonus.
if your next month Oct remains at $100,001 then your Nov bonus will be affected.

 

[point_blank]

I just received the monthly interest today , so I need to withdraw all to keep the MAB same as last month ? Thanks

31 Aug interest - $4.24
1 Sep bonus interest - $250.97 (Not sure why the date is stated as 02 Sep in my app)
Total: $255.21

I withdrew $255.21 just now and checked the details tab. It says to top $1 this month to earn my bonus interest. So i added $1 back into the account.

 

[Jov1623]

Based on my own calculation 100K@Stash
Interest received
31 Aug interest minus 2days ADB increases
$4.24 - 0.28 > $3.95
1 Sep interest minus 1day ADB increases
$250.97 - 8.36 > 242.60

Amount to withdraw today is $3.95 + $242.60 = $246.55

At most today you can withdraw is $246.55, if you withdraw all, next month you BBQ liao.
Less $10 withdraw would be very safe.

Thanks , but I only put 100k on 26 Aug .. so not much interest , only $15 for bonus interest

 

[mydelta]

Hi bros,

looks like Stash is not well taken as there’s not much discussion here.

Is this a good option for parking cash better than tbill?
I’ve UOB One account, is this good supplement by how it works?

thanks !

 

[nasilemak100]

stash is just simple. 100k for $250 (3% effective interest rate) per month.

no complication. just ensure maintain same amount, which u just need to transfer the interest out on the 1st calendar day of each other.

 

[sohguanh]

stash is just simple. 100k for $250 (3% effective interest rate) per month.

no complication. just ensure maintain same amount, which u just need to transfer the interest out on the 1st calendar day of each other.

Hi I explored this before and due to the tiered structure and high capital to get the most bonus it is not suitable for my case. At 100k 3% it may indeed be suitable for others.

 

[mydelta]

stash is just simple. 100k for $250 (3% effective interest rate) per month.

no complication. just ensure maintain same amount, which u just need to transfer the interest out on the 1st calendar day of each other.

Sorry may I clarify why is it 3% when the advert says 5%.
0.05% base interest + 4.95% bonus interest.

some details in missed out? Thanks

 

[sohguanh]

Sorry may I clarify why is it 3% when the advert says 5%.
0.05% base interest + 4.95% bonus interest.

some details in missed out? Thanks

It uses tier structure. First 10k no bonus. Next 30k 1.95% bonus etc. So if you total up it is not all monies 4.95%

https://www.uob.com.sg/personal/sav...h account!9591757137!98108003479&gad_source=1

 

[nasilemak100]

It uses tier structure. First 10k no bonus. Next 30k 1.95% bonus etc. So if you total up it is not all monies 4.95%

https://www.uob.com.sg/personal/save/savings-accounts/stash-account.page?gclid=CjwKCAjw9eO3BhBNEiwAoc0-jTTEc_bFG4zWsoWsh7aAjEeH9o5S9l018PNGitJtfCkpCbf4h8LfvRoCWyYQAvD_BwE&s_cid=grm:sgaid:sea:go:brand:tx:rsa:savu5:031122-evergreen:naroduct:ms-go&vid=mindshare-sea-casa&pid=msseacasa22&ef_id=CjwKCAjw9eO3BhBNEiwAoc0-jTTEc_bFG4zWsoWsh7aAjEeH9o5S9l018PNGitJtfCkpCbf4h8LfvRoCWyYQAvD_BwE:G:s&s_kwcid=AL!810!3!712340553073!e!!g!!uob stash account!9591757137!98108003479&gad_source=1

yes correct. so looking at full pic if u put max 100k inside. combining all the different tier rate at different amount, it is just simply 3% for the full 100k

 

[lancer6238]

Does anyone know how the "Maintain above" amount in the UI is calculated? It seems to fluctuate every week I login. For example, I have $68K in Aug-Sep and $1K in Oct (up until today), and the "Maintain above" amount I saw today was $280K. I thought I only had to keep the same or more amount of money compared to the previous month. How can the "Maintain above" amount be more than I ever had in the account? Thanks.

 

[ThreeSteps]

Amt earmarked in my Stash a/c was released today from the previous UOB Nation of Savers Promotion (01Jul-30Sep2024), will leave it in the a/c until 31Dec to earn the full effective bonus interest for Dec.

Most likely will keep the Monthly Average Balance (MAB) at $0 for Jan-Mar (especially Mar) since UOB seems to follow a pattern of announcing special cash credit promotions on 01Jan, 01Apr, 01Jul, 01Oct and require fresh funds to be compared against the Dec, Mar, June, Sep MAB respectively.

Have already set my UOB One a/c MAB to $0 for Dec. Hope they announce the next cash credit promo on 01Jan, but the cash credit amt is likely to drop further.

 

[Sambuca78]

Amt earmarked in my Stash a/c was released today from the previous UOB Nation of Savers Promotion (01Jul-30Sep2024), will leave it in the a/c until 31Dec to earn the full effective bonus interest for Dec.

Most likely will keep the Monthly Average Balance (MAB) at $0 for Jan-Mar (especially Mar) since UOB seems to follow a pattern of announcing special cash credit promotions on 01Jan, 01Apr, 01Jul, 01Oct and require fresh funds to be compared against the Dec, Mar, June, Sep MAB respectively.

Have already set my UOB One a/c MAB to $0 for Dec. Hope they announce the next cash credit promo on 01Jan, but the cash credit amt is likely to drop further.

Stash need minimum 1000 MAB de.

 

[maumu]

Amt earmarked in my Stash a/c was released today from the previous UOB Nation of Savers Promotion (01Jul-30Sep2024), will leave it in the a/c until 31Dec to earn the full effective bonus interest for Dec.

Most likely will keep the Monthly Average Balance (MAB) at $0 for Jan-Mar (especially Mar) since UOB seems to follow a pattern of announcing special cash credit promotions on 01Jan, 01Apr, 01Jul, 01Oct and require fresh funds to be compared against the Dec, Mar, June, Sep MAB respectively.

Have already set my UOB One a/c MAB to $0 for Dec. Hope they announce the next cash credit promo on 01Jan, but the cash credit amt is likely to drop further.

why leave UOB One empty for three months and forgo the 4% interest? even if really want to join, can still keep 150k for Jan and Feb, then empty in Mar...