UOB One Account

Voted as Asia’s best ‘Deposit Product’ by The Asian Banker, the UOB One Account allows you to increase your savings by letting you earn a high interest rate on it, without the need for a fixed monthly income. Several self-employed Singaporeans find this account useful. The base interest rate offered by UOB is 0.05% p.a. and you have the chance to earn a bonus interest rate of up to 3.88% p.a. on various tiers of deposits if you meet certain criteria.

What You’ll Love - Earn High Interest Rates on Your Savings

  • Enjoy up to 3.88% p.a. interest if you spend S$500 on selected UOB Debit/Credit Cards and credit your salary each month to this account or make three GIRO debit transactions per month.
  • Get up to 1.50% p.a. interest when you charge at least S$500 per month to your UOB One Card.
  • Link the Mighty FX to your account and get attractive FX rates across various currencies.
  • Get access to e-statements every month via personal internet banking.
  • Enjoy up to 5% cash rebate when you spend on your UOB One Card.

Special Offers - Up to S$250 cash credit if you apply for the UOB One Account and One Card Online

Nation of Savers Promotion

Under the Nation of Savers Promotion, if you apply for the account online, you can earn a cash credit of up to S$100. Or else, earn S$53 cash credit if the account is opened through a UOB branch or the UOB Alternate Sales Department. To be eligible for this promotion, you must deposit at least S$5,300 in fresh funds to your One Account. The offer is limited to the first 53,000 applicants and ends on 31 August 2018.

UOB Credit Card Cash Promotion

Activate your UOB One Card online and charge at least S$1,200 to the card on eligible retail purchases within a month from the date of issue to be eligible for a cash credit of S$150. This offer is limited to the first 500 applicants and can be combined with the Nation of Savers promotion. If you earn the cash credit, you will be notified either through an SMS or a letter. The cash gift will be credited to your One Card account by 31 December 2018. This promotion is valid until 30 September 2018.

What You’ll Earn - Up to 3.88% p.a. on Your Savings

Account balance First S$15,000 Next S$15,000 Next S$15,000 Next S$15,000 Next S$15,000 Above S$75,000
Charge S$500 to your One Card or selected cards 1.50% p.a. 1.50% p.a. 1.50% p.a. 1.50% p.a. 1.50% p.a. 0.05% p.a.
Charge S$500 to your One Card or selected cards + Credit your monthly income or Pay three bills via GIRO 1.85% p.a. 2% p.a. 2.15% p.a. 2.30% p.a. 3.88% p.a.


According to the table and your monthly expenses, you can earn an interest of S$1,216 and S$200 cash rebate in a year, which sums up to S$1,416 per year.

How Much Does it Cost?

Fall-below fee S$2 if the average monthly balance falls below S$500
Early account termination fee S$30 if the account is closed within six months
Chequebook S$10 per chequebook (first two chequebooks are complimentary)
Incidental overdraft charge Prime + 4% payable on the overdrawn amount

Are You Eligible to Open This Account?

You are eligible to open this account if:

  • You are 18 years old.
  • You are a Singaporean citizen, a Permanent Resident of Singapore, or a foreigner.

What Do You Need to Submit?

For Singaporeans and PRs:

  • Copy of your NRIC.

For foreigners and U.S. citizens:

  • Passport.
  • Proof of residential address.
  • Employment pass/dependant pass/S pass.

How to Apply for UOB One Account

To apply for this savings account, you can do any one of the following:

  • Download the relevant form, fill up the details, and submit it to the nearest UOB branch with the documents.
  • Log in to the Myinfo account with your Singpass ID and password. You don’t have to upload any documents.
  • Sign in to your internet banking account, fill up the online form, and authorise UOB to access your CPF history.

Frequently Asked Questions Answered

Q. What is the initial minimum deposit amount required to open this account?

A. You must deposit a minimum of S$500 in your account to start using it.

Q. What is the minimum salary I need to credit to earn interest?

A. A minimum amount of S$2,000 should be credited to your account as your salary every month.

Q. Which cards can you use with your One Account to earn up to 3.88% p.a.?

A. Other than the UOB One Card, the cards you can use with this account are the UOB YOLO Card, UOB Lady’s Card, UOB Debit Card, Mighty FX Debit Card, and the UOB Direct Visa Debit Card.

Q. How long will it take for UOB to open the account?

A. UOB will take two business days to open your account. However, if you are a new customer and submit your application between 8:30 a.m. and 9:00 p.m., then you can open the account instantly.

Q. Which condition do I need to fulfil for the 5% cash rebate?

A. To earn up to 5% cash rebate, you must spend at least S$2,000 each month for three consecutive months and make five purchases on the same calendar months. The cash rebate is capped at S$300 per quarter.

Q. Is there a service fee on cash withdrawals from ATMs?

A. There is no ATM fee when you withdraw cash from local UOB ATMs. The service fee is waived if you withdraw from the bank’s ATMs in Malaysia, Indonesia, and Thailand. However, S$5 will be charged for each withdrawal if you use any other bank’s ATM.

Q. What is the Effective Interest Rate on the account for deposits of S$50,000?

A. The maximum EIR for deposits of S$50,000 is 1.60% p.a. if you meet the S$500 spend criterion. If you meet the minimum spend requirement and credit your salary or make three GIRO debits per month, then the maximum EIR will be 2.43% p.a.

Q. What is the cash withdrawal limit per day?

A. Each day, you can withdraw S$1,000, S$3,000, S$5,000, S$7,000 or S$10,000. The same limit applies when you are overseas. The maximum amount you can withdraw a day is S$10,000.

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