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Best for Average Consumers Who Wants High Interest Rates

UOB One Savings Account

Up to 2.5% p.a.

Interest Rates


Min. Initial Deposit

S$ 500

Min. Avg Daily Balance

Extra Cash Credit

Sign Up Promo

The UOB One Savings Account is perfect for average consumers seeking high interest rates without fulfilling complicated requirements. With UOB One Account, you can earn up to 2.5% p.a. interest on the first S$75,000 of your account balance. You only need to fulfill a few simple requirements, such as meeting minimum credit card spend and salary crediting.

All details

  • Earn up to 2.50% p.a. interest rates
  • A low initial deposit of S$500
  • Spend using an eligible UOB Credit/Debit Card to earn the first-tier interest rate of 0.25%
  • Lowered salary crediting criteria of S$1,600
  • Conveniently withdraw cash without an ATM card using Mobile Banking
  • Few criteria are required to earn bonus interest
  • No foreign exchange fees
  • Receive up to S$150 cash credit when you sign up for a UOB One Account online and deposit fresh funds. You must register your participation in the UOB Year-End Savings Festival. This promotion is valid from now till 31 December 2021.
  • Enjoy up to 10% rebate when you spend on online shopping, groceries, dairy farm group merchants, convenience store, transport, food delivery, fuel purchases, and more using your UOB One Credit/Debit Card.



  • A high interest rate of up to 2.5% p.a. when you hit a minimum spend of S$500 on your UOB One credit card and credit your income or make at least 3 GIRO transactions per month.
  • Relatively high EIR of up to 1.80% p.a.
  • Minimal criteria are required to unlock the maximum interest for UOB One Account.
  • Simple, easy-to-attain bonus interest rates. You can earn higher rates through salary crediting and credit card use.
  • Quick and easy application through internet banking or MyInfo.


  • Bonus rates are partially dependent on how much you have in your UOB One Account.
  • Doesn’t provide rewards for incremental growth
  • You can earn the highest interest rate at S$75,000.
  • UOB One Account is good for moderate-to-high savers

General Information

  • Minimum age requirement: At least 18 years old
  • Nationality: Singaporean, Permanent Resident, or Foreigner with a valid visa
  • For new UOB customers, existing UOB customers, and joint applicants: Retrieve with MyInfo using Singpass login.
  • For existing UOB customers: Personal internet banking login details
  •  For existing UOB customers applying for single-named account application: Credit/Debit card number and PIN

For new UOB customers who are Singaporeans and Permanent Residents:

  • Copy of your NRIC/Passport (front and back)
  • Proof of residences

For Foreigners and U.S. Persons:

Proceed to any UOB Branch to submit your application. You will need the following documents:

  • Passport
  • Proof of residences
  • Employment Pass/S Pass/Dependent Pass


Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.

How Does UOB One Account Compare with Other Savings Accounts in Singapore? 

Bank Name

Interest Rate

Minimum Deposit

Minimum Balance

UOB One Account

0.05% base interest rate p.a.


2.50% max. interest rate p.a.



DBS Multiplier Account

0.05% base interest rate p.a.


3% max. interest rate p.a.



CIMB FastSaver Savings Account

0.30% p.a.



Standard Chartered e\$aver Savings Account

0.05% base interest rate p.a.


0.50% max. interest rate p.a.



OCBC 360 Account

0.05% base interest rate p.a.


2.38% max. interest rate p.a[R1] .



Maybank SaveUp Programme

0.1875% base interest rate p.a.


3.0625% max. interest rate p.a.



From the table above, UOB One Account, OCBC 360, and DBS Multiplier Savings Account are quite similar in their base rate and maximum interest rate. In fact, both OCBC 360 and UOB One Account don’t require salary credits to earn bonus interest.

But what makes the UOB One Account stand out is that it only requires a minimum initial deposit of S$500 and a minimum monthly balance of S$1,000. It is also a great choice for non-salaried consumers assuming they can hit the credit card retail spend and bill payments criteria.

UOB One Account – Our Verdict

Average consumers who want to earn high interest rates without the hassle and headache of committing to multiple bank products will benefit from UOB One Account. Account holders can unlock bonus interest rates with only a low credit card spend requirement of S$500 and salary credit or 3 GIRO transactions.

Additionally, moderate-to-high savers will also benefit from higher interest when they reach S$75,000 in their account balance. However, to enjoy the maximum potential interest rate, savers need to maintain at least a S$75,000 monthly average balance.

See also our saving account comparison of the DBS Multiplier and the UOB One.


Final Thoughts

Key Takeaways:

  • UOB One Account is a fuss-free savings account perfect for average consumers seeking high interest rates.
  • With UOB One Account, you can earn high interest rates of up to 2.5% p.a. by simply hitting a minimum credit card spend and crediting your salary or GIRO transactions.
  • UOB One Account is a relatively  low-maintenance savings account, plus it requires limited financial product engagements

The UOB One Savings Account is a great choice if you don’t want to think about confusing “extra” financial products. You can still earn high rates by simply crediting your salary and spending using your UOB credit card.

However, you can unlock the maximum potential interest rate if you grow your savings and maintain at least S$75,000.

If you want to grow your savings, you may want to start investing. You can take out a personal loan to jumpstart your investment journey. Loan Advisor has the most up-to-date information about the top licensed moneylenders in Singapore. Request a quote today and find the best loan tenure, interest rates, and terms that suit your needs.


You can waive your UOB annual fee through phone banking. Simply follow these steps:

  1. Call 1800-222-2121 or (65) 6222 2121 when calling from overseas
  2. Press 1 for English
  3. Press 2 if you want to proceed via phone banking OR
  4. Press 1 if you prefer web chat – an SMS with a web link will be sent to you
  5. Press 2 for fee waiver and application status
  6. Press 1 for credit card fee waiver
  7. Enter your credit card number
  8. Enter your mobile number

Your request will be processed. An SMS update will be sent once it is successfully processed.

UOB One Card now offers a higher cash rebate of up to 5% on all spend. To qualify, you’ll need to spend at least S$500, S$1,000, or S$2,000 per month in your quarter. This amounts to S$1,200 cash rebate in a year.

Take a look at the changes for UOB One Card quarterly cash rebate:


Current Minimum Spend per Statement Period in a Quarter

Current Quarterly Cash Rebate

New Minimum Spend per Statement Period in a Quarter

New Quarterly Cash Rebate

Tier 1 Min. Amount





Tier 2 Min. Amount





Tier 2 Min. Amount

S$1,500 and more


S$2,000 and more


UOB One Account has a daily minimum balance of S$500 and a minimum monthly balance of S$1,000. If you fall below the minimum, you’ll be charged a small fee of S$5. However, if you’re serious about growing your savings and earning higher interest rates, you need to consider the two options offered by UOB One Account.

First, you’ll need to spend a minimum of S$500 on any eligible UOB Credit card monthly. Once you’ve fulfilled this criterion, your monthly interest earned will depend on the size of your monthly average balance.

When you hit the minimum credit card and debit card spend, you can unlock bonus interest rates of up to 2.50% p.a. by fulfilling any of these criteria:

  • Credit card spend + salary credit
  • Credit card spend + at least 3 GIRO transactions

Whether you’re one of their existing UOB account holders or a new customer, you can open a savings account online. As long as you’re eligible, you can get approved within minutes and start saving immediately. Here are a few things you can do:

  • Apply for more than one UOB savings accounts in a single application.
  • Apply for a new UOB savings account using your UOB One Debit Card or Credit Card and PIN

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