If you’re looking for a savings account that offers high-interest rates, the UOB One Account might be the perfect choice for you. With this account, you can earn up to 7.8% p.a. interest on your savings. The account is designed to reward you for saving and spending, making it an attractive option for those who want to maximise their savings.
To apply for the UOB One Account in Singapore, you can do so online. The process is simple and straightforward, and you can receive up to S$218 cash when you apply online. The account is insured up to S$75k by SDIC, giving you peace of mind knowing that your savings are protected. With the UOB One Account, you can earn interest on your savings while enjoying the convenience of a debit card that can be used for your daily spending needs.
Key Takeaways
- The UOB One Account offers high-interest rates, making it an attractive option for those who want to maximise their savings.
- You can apply for the UOB One Account online and receive up to S$218 cash when you do so.
- The account is insured up to S$75k by SDIC, giving you peace of mind knowing that your savings are protected.
Understanding UOB One Account
If you are looking for a savings account that offers high-interest rates, UOB One Account may be the perfect option for you. This account is designed to help you maximise your savings and reach your financial goals in a simple and convenient way.
What Is UOB One Account
UOB One Account is a savings account that offers bonus interest rates based on the amount of money you have in your account and the number of transactions you make. The account has a base interest rate of 0.05% p.a. and a maximum interest rate of 2.5% p.a. However, you can earn up to 7.8% p.a. effective interest rate by fulfilling certain requirements.
To qualify for the bonus interest rate, you need to credit your salary or make at least three GIRO transactions of at least $500 each per month. Additionally, you need to maintain a minimum balance of $75,000 in your account.
Benefits of UOB One Account
UOB One Account offers several benefits that make it an attractive option for savers. Here are some of the benefits:
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High-interest rates: With UOB One Account, you can earn up to 7.8% p.a. effective interest rate, which is one of the highest rates in Singapore.
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Flexibility: You can choose between a savings account or a current account, depending on your needs. You can also link your UOB One Account to other UOB accounts, such as credit cards and loans.
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Convenience: You can open a UOB One Account online in just a few minutes. You can also manage your account using UOB’s mobile app or internet banking.
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Rewards: UOB One Account offers various rewards, such as cashback and discounts on dining, shopping, and travel.
In conclusion, UOB One Account is an excellent option for savers who want to earn high-interest rates and enjoy various benefits. However, make sure you understand the requirements and fees before opening an account.
Eligibility and Application Process
Who Can Apply
If you are a Singaporean or Permanent Resident who is at least 18 years old, you are eligible to apply for the UOB One Account. Additionally, you must have a valid identification document such as a National Registration Identity Card (NRIC) or a passport. Foreigners who are at least 18 years old and hold a valid employment pass, work permit, or student pass can also apply.
How to Apply Online
Applying for the UOB One Account is easy and convenient. You can complete the online application form in just a few minutes from the comfort of your own home. Here are the steps:
- Visit the UOB website and click on the “Apply Now” button on the One Account page.
- Fill in your personal details, including your name, NRIC or passport number, and contact information.
- Choose the type of One Account that you want to apply for, and select your preferred debit card design.
- Review the terms and conditions, and click on the “Submit” button to complete your application.
Once you have submitted your application, you will receive an email confirmation with the details of your application. The approval date will depend on the completeness and accuracy of the information you provided. In some cases, UOB may require additional documentation or information to verify your identity or income. You will be notified of any additional requirements via email or phone.
With the UOB One Account, you can enjoy high interest rates on your savings and attractive cashback rewards on your spending. Don’t miss out on this opportunity to grow your wealth and maximise your savings. Apply online today and start enjoying the benefits of the UOB One Account!
Maximising Your Savings
Opening a UOB One Account is a smart way to maximise your savings and earn higher interest rates of up to 7.8% p.a. With just two simple steps, you can earn bonus interest, and we make it easy for you to do so.
Earning Interest
To earn bonus interest, you need to spend a minimum of $500 on your UOB One Card and/or selected cards each calendar month.