UOB Stash Account

 

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Min. Deposit
$10,000

Interest Rate
up to 1.20%

Review on UOB Stash Account

Pros
High savings account interest rate for above $10,000 savings
Decent 1.20% p.a. promotional interest rate during Nov for first 6,000 accounts

Cons
Need to maintain or increase minimum monthly balance
Similar but not as attractive as RHB High-Yield Savings Account
Promotional interest rate only applicable for month of Nov 2017

 

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Details

Interest
First $10k 0.05% p.a.
Next $40k 0.80% p.a.
Next $50k 1.00% p.a.
Above $100k 0.05% p.a.

Earn up to 1.00% p.a. interest on your Monthly Average Balance (MAB) when you maintain or increase your MAB compared to the previous month AND maintain a minimum MAB of $10,000

Maximum effective interest (EIR) on the UOB Stash Account is 0.83% p.a.

Initial amount of $1,000 to open account

Fall-below fee of $2 per month (below $1,000 balance), waived till 31 Dec 2017

 

Promotions

Promo Interest
First $10k 1.20% p.a.
Next $40k 1.20% p.a.
Next $50k 1.20% p.a.

First 6000 new UOB Stash Accounts to be applied for during the promotion period (27 Sep to 31 Oct 2017) may earn 1.20% p.a. interest on their Monthly Average Balance (MAB) for Nov 2017 capped at $100,000

Awarding of the promotional interest is subjected to account-holders maintaining or increasing their MAB compared to the previous month and if there are at least 6000 new UOB Stash accounts applied for within the promotion period

 

Click here to go to UOB website for more details

 

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