UOB ONE
STRATEGY
Technical breakdown of the tiered interest structure and expenditure requirements for the United Overseas Bank flagship savings account.
Expenditure Framework
How does the card spend requirement function?
To unlock the base tier of interest, a minimum of S$500 must be charged monthly to an eligible UOB card. This includes the UOB One Card, Lady's Card, or EVOL Card, focusing on retail transactions while excluding high-risk categories like insurance or government payments.
What happens if the S$500 threshold is missed?
Failure to meet the spending quota results in the account reverting to the base interest rate of 0.05% p.a. for that calendar month. Consistency is critical as the interest is calculated daily and credited monthly based on fulfilling these precise criteria.
Salary Credit Logic
The secondary tier of interest is activated by crediting a monthly salary of at least S$1,600 via GIRO with the transaction code "SALA". This ensures the account qualifies for the higher EIR brackets. For those without traditional salary credit, performing 3 GIRO transactions monthly serves as a valid technical alternative to maintain the yield.
For comprehensive comparisons with other banks, review our OCBC 360 Account Structure or the DBS Multiplier Analysis to determine which system fits your cash flow.
- Minimum S$1,600 salary via GIRO transaction.
- Secondary option: 3 GIRO debit payments.
Optimization Summary
To achieve the maximum Effective Interest Rate (EIR), capital should be capped at S$100,000. Balances exceeding this amount earn only the base rate, making it inefficient for larger surplus funds. Check the Effective Interest Rate Guide for precise math on your specific balance.