If you’re looking for a savings account that offers high interest rates and cashback rewards, then the UOB One Account card in Singapore might be an excellent option for you. This account is designed to help you save money while earning rewards for your everyday spending.
To start with the UOB One Account, you must meet specific eligibility requirements and complete the application process. Once approved, you’ll have access to various features and benefits that can help you save money and earn rewards over time.
Whether you’re looking to save for a big purchase, build an emergency fund, or earn some extra cashback on your regular spending, the UOB One Account could be an excellent choice. Keep reading to learn more about how this account works and what you can expect from it.
Key Takeaways
- The UOB One Account in Singapore offers high-interest rates and cashback rewards for eligible account holders.
- To start the account, you must meet eligibility requirements and complete the application process.
- Once approved, you’ll have access to various features and benefits that can help you save money and earn rewards over time.
Overview of UOB One Account Card
If you’re looking for a savings account that rewards you for your spending, then the UOB One Account might be just what you need. With this account, you can earn higher interest rates by fulfilling two simple requirements – spending a minimum amount on your UOB One Card and maintaining a minimum balance in your account.
Base and Bonus Interest
The UOB One Account offers base and bonus interest, which means you can earn even more on your savings. The base interest rate is 0.05% p.a., while the bonus interest rate can go up to 1.50% p.a. depending on the amount you spend and the balance you maintain.
Higher Interest Rates
You need to spend at least S$500 on your UOB One Card and maintain a minimum balance of S$10,000 in your account to earn higher interest rates. The more you spend and the higher your balance, the more bonus interest you can make. You can refer to the UOB One Account website for a detailed breakdown of the bonus interest rates.
Unique Features
One of the unique features of the UOB One Account is that it rewards you for your spending across multiple categories, such as dining, online shopping, groceries, and transport. With the UOB One Card, you can earn up to 10% cashback on these categories, making it a great way to maximise your savings.
The UOB One Account is an excellent option for those earning higher interest rates on their savings. With its base interest and bonus interest rates, as well as its rewards for spending, it’s a savings account that can help you grow your money faster.
UOB One Account Card: Eligibility and Application Process
Eligibility Criteria
To apply for the UOB One Account and One Card, you must meet the following eligibility criteria:
- You must be at least 21 years old.
- You must be a Singaporean citizen, Permanent Resident, or Foreigner.
- For Singaporean citizens and Permanent Residents, you must have a minimum annual income of S$30,000. For foreigners, you must have a minimum yearly income of S$60,000 or a minimum Fixed Deposit Collateral of S$10,000.
- You must have a valid NRIC or FIN.
- You must have a mobile number registered with the bank.
- It would be best if you had an income tax notice of assessment for the past year.
Application Steps
You can apply for the UOB One Account and One Card online through the UOB website. Here are the steps to follow:
- Visit the UOB One Account webpage here.
- Click on the “Apply Now” button.
- Choose the type of account you want to open – Joint Account or Individual Account.
- Fill in your personal details, including your name, NRIC or FIN, and mobile number.
- Choose your preferred One Card type.
- Submit your income tax notice of assessment for the past year.
- Agree to the terms and conditions.
- Review your application and click submit.
Once your application is submitted, you will receive an email confirmation from UOB. Your application will be processed within 3-5 business days. You will receive your One Card within 7-10 business days if your application is approved.
Overall, the UOB One Account and One Card offer excellent benefits and rewards for eligible applicants. The application process is simple; you can apply online from home.
UOB One Account Card: The Key Features
If you are looking for a savings account that offers high interest rates and cashback rewards, then the UOB One Account is worth considering. Here are some key features that make the UOB One Account stand out from other savings accounts in Singapore.
Interest Rates Structure
The UOB One Account offers one of the highest interest rates in Singapore, up to 1.50% p.a. on your savings. The interest rates are tiered, which means the more you save, the higher your interest rate. You can earn up to 1.50% p.a. on your first $75,000 and up to 1.00% p.a. on your next $75,000.
To qualify for the higher interest rates, you must credit your salary, make three GIRO debit transactions, and spend at least $500 on your UOB One Card monthly.
Cash Rebates and Cashback
The UOB One Account also offers cash rebates and cashback on your spending. With the UOB One Card, you can earn up to 5% cashback on your daily essentials such as groceries, petrol, and utilities. Moreover, you can get up to 10% cashback on dining, online shopping, and transport when you use your UOB One Card.
The cashback is tiered, which means the more you spend, the higher your cashback rate. You can earn up to 3.33% cashback on your spending, depending on the amount and category you spend in.
UOB One Card Tie-In
One of the unique features of the UOB One Account is that it is tied to the UOB One Card. You can earn enhanced cashback rates when using your UOB One Card for your daily spending. The UOB One Card is one of the highest cashback cards in Singapore, offering up to 5% cashback on your everyday essentials.
When you use your UOB One Card with your UOB One Account, you can earn even more cashback on your spending. Moreover, you can enjoy additional benefits such as free travel insurance and mobile payments.
In conclusion, the UOB One Account is excellent savings account for those who want to earn high interest rates and cashback rewards on their spending. With its tiered interest rates, cash rebates, and UOB One Card tie-in, the UOB One Account is worth considering if you want to maximise your savings and rewards.
UOB One Account Card: Spending and Savings Benefits
If you spend regularly on dining, groceries, online shopping, and more, the UOB One Card is a great option. You earn rebates on your daily spending, and you can also enjoy bonus interest rates on your savings when you maintain or increase your account balance.
UOB One Account Card: Maximising Rebates on Daily Spend
With the UOB One Card, you can earn up to 10% cashback on your daily spend. To maximise your rebates, you need to spend a minimum of $500 monthly for each qualifying quarter. The qualifying quarters are January to March, April to June, July to September, and October to December.
Here’s how the cash rebate works:
- Spend at least $500 monthly to earn a quarterly cash rebate of up to $300.
- Spend at least $1,000 a month to earn a quarterly cash rebate of up to $100.
- Spend at least $2,000 monthly to make a quarterly cash rebate of up to $200.
You can earn 5% cashback on Grab transactions, capped at $30 monthly. Link your UOB One Card to your Grab account to enjoy this benefit.
UOB One Account Card: Bonus Interest for Higher Savings
Besides cash rebates, you can earn higher interest rates on your savings with the UOB One Account. You must maintain or increase your account balance for three consecutive months to qualify for bonus interest.
Here’s how the bonus interest works:
- Maintain a minimum balance of $30,000 to $50,000 to earn up to 1.50% p.a. interest.
- Maintain a minimum balance of $50,001 to $75,000 to earn up to 1.80% p.a. interest.
- Maintain a minimum balance of $75,001 to $100,000 to earn up to 1.90% p.a. interest.
- Maintain a minimum balance of $100,001 to $200,000 to earn up to 2.00% p.a. interest.
- Maintain a minimum balance of $200,001 and above to earn up to 2.50% p.a. interest.
Combining the UOB One Card and UOB One Account allows you to enjoy both cash rebates and bonus interest on your spending and savings. With the UOB One Card, you can earn rebates on your daily spending, while the UOB One Account allows you to earn higher interest rates on your savings.
UOB One Account Card: Additional Perks
If you’re looking for more reasons to sign up for the UOB One Account, you’ll be pleased to know that it comes with additional perks to help you save even more money.
Insurance Options
With the UOB One Account, you can enjoy free personal accident insurance coverage of up to S$500,000. This coverage is available to all UOB One Account holders, providing financial protection in the event of an accident. You can also opt for other types of insurance coverage, such as travel or home insurance, at discounted rates through UOB.
Investment Opportunities
The UOB One Account also provides investment opportunities to help you grow your wealth. You can invest in unit trusts, structured deposits, and other investment products through UOB and enjoy exclusive promotions and discounts. With UOB’s investment services, you can make informed investment decisions and exploit market opportunities.
If you’re a KrisFlyer member, you can also link your KrisFlyer account to your UOB One Account and earn KrisFlyer miles on your deposits. With the KrisFlyer UOB account, you can enjoy even more perks, such as bonus KrisFlyer miles and discounts on travel-related expenses.
In conclusion, the UOB One Account provides you with more than just high-interest rates on your savings. With additional perks, such as insurance coverage and investment opportunities, you can enjoy even more benefits and save money.
UOB One Account Card: Managing Your Account
Managing your UOB One Account is easy and convenient thanks to the UOB TMRW app and online banking. You can access your account details, check your balance, and perform transactions using your mobile device.
UOB TMRW App and Online Banking
The UOB TMRW app is a user-friendly and intuitive mobile banking app that allows you to easily manage your account. You can view your account balance, transaction history, and credit card details, make payments and transfer funds to other accounts.
In addition, you can also set up alerts and notifications to keep track of your account activity. The app also offers a range of other features, such as spending insights, budgeting tools, and personalised financial advice.
If you prefer to manage your account using a computer, you can access UOB’s online banking platform. This platform offers similar features to the app, allowing you to view your account details, make payments, and transfer funds.
GIRO Transactions and Bill Payments
One of the benefits of the UOB One Account is that you can earn higher interest rates by performing GIRO transactions and bill payments. GIRO is a convenient way to pay your bills automatically without worrying about missing a payment.
To set up GIRO debit transactions, provide your billing organisation with your UOB One Account number and the monthly amount to be debited. You can also set up recurring bill payments for bills that are the same every month, such as your phone or utility bills.
You can earn higher interest rates on your UOB One Account balance by setting up GIRO transactions and bill payments. This is a great way to maximise savings and achieve financial goals.
In conclusion, managing your UOB One Account is simple and convenient thanks to the UOB TMRW app and online banking. You can earn higher interest rates and maximise your savings by setting up GIRO transactions and bill payments.
UOB One Account Card: Fees and Charges
When choosing a credit card, the charges associated with the card are an important consideration. With the UOB One Account Card, you’ll be happy to know that the annual fee is waived for the first year. After that, the annual fee is S$192.60.
In addition to the annual fee, other fees are associated with the UOB One Account Card. For example, if you don’t meet the minimum spend requirement of S$500 per month, you’ll be charged a fee of S$5. If your payment is late, you’ll be charged a fee of S$100. If you exceed your credit limit, you’ll be charged a fee of S$40.
It’s important to note that the charges associated with the UOB One Account Card are subject to change. Read the terms and conditions carefully before applying for the card to ensure you know all the charges that may apply.
Overall, the UOB One Account Card offers a competitive range of fees, making it an excellent choice for anyone looking for a low-fee credit card. With the annual fee waived for the first year and a range of other expenses competitive with different credit cards, the UOB One Account Card is worth considering if you’re in the market for a new credit card.
UOB One Account Card: Promotions and Rewards
Are you looking for a credit card that rewards you for your daily expenses? Look no further than the UOB One Card. With up to 15% cashback on your favourite brands, including McDonald’s, and up to 10% cashback on daily spend with the UOB One Debit Card, you can earn rewards on everything from groceries to transportation.
Exclusive Card Deals
As a UOB One Cardmember, you will enjoy exclusive deals and promotions. From discounts on dining and shopping to travel deals, there is something for everyone. Keep an eye out for limited-time offers and promotions to maximise your rewards.
Retail and Grocery Rewards
Earn up to 10% cashback on your daily expenses at Cold Storage, Giant, Guardian, Market Place, Jasons, and 7-Eleven with your UOB One Card. You can also enjoy up to 10% SMART$ rebate at over 400 participating outlets islandwide, including popular retailers like Metro, Robinsons, and Sephora.
Fuel Savings and Transport Perks
Save up to 22.66% on fuel at Shell and SPC with your UOB One Card. You can earn up to 15% cashback on Grab, SimplyGo (bus and train rides), and UOB Travel transactions. Enjoy up to 10% cashback on your daily commute with the UOB One Card and One Debit Card.
With the UOB One Card, you can earn rewards on your everyday expenses and enjoy exclusive deals and promotions. Apply today and start earning cashback on your daily spend.
UOB One Account Card: Practical Tips for Account Holders
As a UOB One account holder, you can access a range of benefits and rewards that can help you maximise your savings. Here are some practical tips to help you get the most out of your account:
Understanding Minimum Spend Requirements
You need to meet the minimum spend requirements to earn the highest interest rate on your UOB One account. This means you must spend a certain amount on your UOB One card each month in specific categories to qualify for the bonus interest rate.
To ensure you meet the minimum spend requirements, it’s essential to understand which categories qualify for bonus interest. These categories include groceries, dining, online shopping, and petrol. You can also earn bonus interest by spending on other categories like transport, health and wellness, and entertainment.
To keep track of your spending, you can use the UOB Mighty app to monitor your monthly spending and see how much you’ve earned in interest. You can also set up alerts to remind you when you’re close to reaching your minimum spend requirements.
Leveraging Salary Crediting
Another way to earn bonus interest on your UOB One account is by crediting your salary to the account. By doing so, you can earn up to an additional 1% p.a. in interest.
To set up salary crediting, you must provide your employer with your UOB One account details. Once your salary is credited to the account, you’ll automatically earn bonus interest on your savings.
Consider setting up a GIRO payment for your monthly bills to make the most of this feature. Doing so can earn even more bonus interest on your savings.
By understanding the minimum spend requirements and leveraging salary crediting, you can maximise your savings with the UOB One account. With some planning and effort, you can earn high interest rates and enjoy a range of benefits and rewards.
UOB One Account Card: Additional Services and Features
As a UOB One Account cardholder, you can access a range of additional services and features to help you manage your finances better. Here are some of the key ones:
Foreign Currency Solutions
If you need to make payments or transactions in foreign currencies, UOB’s Mighty FX multi-currency account can help. This account allows you to hold and convert currencies at competitive rates to save money on foreign exchange fees.
Digital Innovations
UOB is committed to providing its customers with innovative digital solutions that make banking more convenient and accessible. Some of the digital innovations that UOB offers include:
- UOB TMRW: A digital bank that offers a range of financial products and services, including savings accounts, loans, and credit cards. UOB TMRW is designed to be user-friendly and accessible, with a mobile-first approach that makes it easy to manage your finances on the go.
- UOB EVOL Card: A digital credit card that allows you to make payments using your mobile phone. The UOB EVOL Card is linked to your UOB One Account so you can earn cashback on your transactions just like a physical card.
- Comparison Tools: UOB provides various tools to help you make informed financial product and service decisions. These tools allow you to compare interest rates, fees, and charges across different providers to find the best deals and save money.
- Objective Analysis: UOB’s financial experts provide objective analysis and insights into the latest trends and developments in the financial industry. This analysis can help you stay informed and make better financial decisions.
As a UOB One Account cardholder, you can benefit from these additional services and features, which can help you save money, manage your finances more effectively, and stay informed about the latest developments in the financial industry.
UOB One Account Card: Security and Protection
When it comes to banking, security and protection are of utmost importance. With the UOB One Account card, you can rest assured that your money is safe and secure. UOB takes multiple steps to protect your account from unauthorized access and fraudulent activities.
Firstly, UOB provides a secure login process for your UOB One Account. This includes a two-factor authentication process requiring you to enter a One-Time Password (OTP) sent to your registered mobile number before accessing your account. This ensures only you can access your account, even if someone else has your login credentials.
Additionally, UOB employs state-of-the-art security measures to protect your account from cyber threats. This includes regular system upgrades, security patches, and firewalls to prevent unauthorized access to your account. UOB also monitors your account for any suspicious activities and alerts you immediately if there are any unauthorized transactions.
Moreover, UOB is a member of Singapore’s Deposit Insurance Scheme (DIS). This means that your UOB One Account is insured up to S$75,000 by the Singapore Deposit Insurance Corporation (SDIC). This provides additional protection for your money in any unforeseen circumstances.
In summary, with the UOB One Account card, you can enjoy the convenience of cashback rewards and high interest rates while knowing your money is secure and protected.
UOB One Account Card: Customer Support and Assistance
Regarding customer support and assistance, UOB One Account Card has got you covered. The bank offers various services to help you manage your account and resolve any issues you may encounter.
One of the most convenient ways to contact UOB’s customer service team is the UOB TMRW App. The app allows you to chat with a customer service representative in real-time, making it easy to get the help you need when you need it. You can also use the app to manage your account, view your transaction history, and make payments.
If you prefer to speak to a customer service representative over the phone, UOB provides a 24/7 customer service hotline. To access the hotline, call the number on the back of your UOB One Account Card. You must provide your mobile number and other details to verify your identity.
In addition to these services, UOB also has a network of branches and ATMs located throughout Singapore. If you need to speak to a customer service representative in person, you can visit any UOB branch. You can also use the UOB ATM network to withdraw cash, check your account balance, and perform other transactions.
Overall, UOB One Account Card provides excellent customer support and assistance to its customers. Whether you prefer to use the UOB TMRW App, call the customer service hotline, or visit a branch in person, UOB has you covered.
Frequently Asked Questions
How can I reap the rewards of using my UOB One Card?
Using your UOB One Card can be rewarding in many ways. You can earn up to 5% cash rebates on essentials such as groceries, dining, and petrol. You can earn up to 3.88% p.a. interest on your UOB One Account.
To enjoy these benefits, spend at least $500 on your UOB One Card and credit your salary or perform 3 GIRO transactions to your UOB One Account every month.
What are the eligibility criteria for applying for a UOB One Account card?
To apply for a UOB One Account card, you must be a Singaporean or a Permanent Resident of Singapore. You must also be at least 21 years old and have a minimum annual income of $30,000. If you are a foreigner, you must have a minimum yearly income of $40,000.
What should I know about the UOB One Account’s $500 spending exclusion?
To qualify for the UOB One Account’s interest rates and cash rebates, you must spend at least $500 on your UOB One Card. However, spending on specific categories, such as insurance, bill payments, and investments, is excluded from the $500 spending requirement.
Can I enjoy the convenience of my UOB One Debit Card when I’m abroad?
Yes, you can use your UOB One Debit Card overseas. However, note that a foreign transaction fee of 2.8% will be charged for all overseas transactions. Additionally, you can withdraw cash from any UOB ATM in Singapore and overseas without any withdrawal fees.
What sets UOB Stash apart from the UOB One Account?
UOB Stash is a savings account that offers higher interest rates of up to 1.8% p.a. on your first $10,000 deposit. However, you do not earn any cash rebates with UOB Stash. On the other hand, UOB One Account offers up to 5% cash rebates on your daily essentials but provides a lower interest rate of up to 1.5% p.a. on your first $75,000 deposit.
What’s the least amount I need to maintain in my UOB current account?
To avoid monthly account fees, you must maintain a minimum balance of $1,000 in your UOB current account. However, suppose you are a UOB One Account customer. In that case, you can waive the monthly account fee if you credit your salary or perform 3 GIRO transactions to your UOB One Account every month.