Earn More with UOB One Account Interest – Step-by-Step Guide
The UOB One Account offers a unique opportunity for savers to earn attractive interest rates by fulfilling simple monthly requirements. As of October 2025, the maximum effective interest rate has been revised to 2.5% per annum for balances up to S$150,000, following recent adjustments to align with the long-term interest rate environment expectations.
Understanding UOB One Account Interest Rates
To maximize your earnings, it’s essential to understand the current interest rate structure:
| Account Balance | Interest Rate (Card Spend + GIRO) | Interest Rate (Card Spend + Salary Credit) |
|---|---|---|
| First S$75,000 | 1.0% p.a. | 1.5% p.a. |
| Next S$50,000 | 2.0% p.a. | 3.0% p.a. |
| Next S$25,000 | 0.05% p.a. | 4.5% p.a. |
| Above S$150,000 | 0.05% p.a. | 0.05% p.a. |
By meeting the qualifying criteria, you can earn up to 2.5% p.a. on balances up to S$150,000. However, it’s important to note that balances above S$150,000 do not earn additional interest.
Step-by-Step Guide to Maximizing Your Interest
Follow these steps to ensure you earn the highest possible interest on your UOB One Account:
- Maintain a Minimum Balance of S$1,000: Ensure your account balance does not fall below this amount to avoid the fall-below fee.
- Spend a Minimum of S$500 Monthly on Eligible UOB Cards: This can include UOB credit or debit cards. Eligible cards are those that qualify for the UOB One Account program.
- Credit a Minimum of S$1,600 Monthly Salary via GIRO or PAYNOW: The salary credit must be made through GIRO or PAYNOW with the transaction reference code “SALA” or “PAYNOW SALA”. Alternatively, you can make at least three GIRO debit transactions per month.
By consistently meeting these criteria, you can maximize your interest earnings on the UOB One Account.
Benefits of UOB One Account
- High Interest Rates: Earn up to 2.5% p.a. on balances up to S$150,000.
- Flexible Requirements: Choose between salary credit or GIRO debit transactions to meet the bonus interest criteria.
- Easy Account Management: Monitor your progress and manage your account through the UOB TMRW mobile app.
- Insurance Coverage: Deposits are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor.
Considerations and Alternatives
While the UOB One Account offers competitive interest rates, it’s essential to consider your financial goals and needs:
- Interest Rate Adjustments: The maximum effective interest rate has been reduced from 3.3% p.a. to 2.5% p.a. as of September 2025. Stay informed about any future changes.
- Alternative Savings Options: Depending on your financial objectives, you might explore other savings accounts or investment products that align better with your goals.
Always compare different options to ensure you’re making the best choice for your financial situation.
Frequently Asked Questions (FAQs)
- What happens if I don’t meet the UOB One Account requirements?
- If you fail to meet the qualifying criteria, your account will earn the base interest rate of 0.05% p.a. on your balance.
- Can I use any UOB card to qualify for the bonus interest?
- Only eligible UOB credit or debit cards qualify for the bonus interest. Refer to the UOB website for the list of eligible cards.
- Is there a minimum deposit required to open a UOB One Account?
- The minimum initial deposit is S$1,000. However, to avoid the fall-below fee, you must maintain a minimum balance of S$1,000.
- Can I earn interest on balances above S$150,000?
- Balances above S$150,000 do not earn additional interest. The maximum effective interest rate applies to the first S$150,000.
- How can I track my progress towards meeting the requirements?
- You can monitor your progress and manage your account through the UOB TMRW mobile app, which provides personalized insights into your spending patterns.
Conclusion
The UOB One Account interest offers a straightforward way to earn attractive returns on your savings. By adhering to the qualifying criteria and maintaining consistent financial habits, you can maximize your interest earnings. Remember to stay updated on any changes to the interest rate structure and consider your financial objectives when choosing the best savings option for you.
For more information and to apply for the UOB One Account, visit the official UOB website.