UOB One Account now offers up to 3.6% p.a. interest

UOB One is a tiered savings account with incrementally higher rates as you deposit more and use other products in the UOB ecosystem. In order to maximize interest rates with them, you need to:
- Spend a minimum of $500 monthly with an eligible UOB credit or debit card*
- Either credit $1600 monthly to your UOB One account or make 3 GIRO debit transactions monthly
*Eligible UOB credit and debit cards include UOB One Card, UOB Lady’s Card, UOB EVOL Card, UOB One Debit Visa Card, UOB One Debit Mastercard, UOB Lady’s Debit Card, and UOB Mighty FX Debit Card

If you complete the two categories, you can earn between 1.4% to 3.6% depending on how much you have deposited with them. Notice that the maximum interest of 3.6% is only earned on $25,000 worth of deposits.
Above $100,000, the interest rate diminishes to 0.05%, meaning the optimal strategy is to deposit between $75,000 to $100,000 with UOB One and fulfill the criteria above.

As an example, suppose you:
- Spend $500 monthly with the UOB EVOL card
- Credit your salary to your UOB One account
- Deposit $100,000 into UOB One
You will receive an annual interest of $2345, or $195 monthly - not too bad!

With that said, if you have more than $100,000 to deposit in safe instruments, check out our cash management guide for deployment ideas.

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