KrisFlyer UOB Account Review

Earn bonus KrisFlyer miles from your everyday spend and enjoy a wide array of exclusive perks.

Earn bonus KrisFlyer miles from your everyday spend and enjoy a wide array of exclusive perks.

  • Earn up to 6 bonus miles per S$1 spend
  • Wide range of travel perks and promotions
  • Few and simple requirements for accelerated miles earn
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S$0

Monthly fee

S$2

Fall below monthly fees

0.05% p.a.

Maximum annual interest rate

Details

Product NameKrisFlyer UOB Account
Monthly feeS$0
Minimum Age Requirement18 years old
Mobile paymentsApple Pay, Google Pay, Samsung Pay
Supported CurrenciesSGD
More Info

How does the KrisFlyer UOB Account works

Designed for mile chasers, the KrisFlyer UOB Deposit Account offers the opportunity to earn up to 6.4 KrisFlyer miles per S$1 spend on top of its prevailing base interest rate.

Compared to other bonus interest or high yield savings accounts, the KrisFlyer UOB Deposit Account does not require meeting a complicated set of requirements to unlock the bonuses. Simply maintain a low monthly average balance and charge your day-to-day shopping expenses to one of the eligible UOB cards to qualify.

Take a closer look at how you can earn bonus miles with this account.

How to earn bonus KrisFlyer Miles

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Image source: UOB

Earn bonus KrisFlyer miles on top of the base earn rate (0.4 miles per S$1) by fulfilling the following criteria:

  • 5 bonus miles per S$1 spend. Charge your expenses on any eligible UOB credit cards and maintain a MAB of at least S$1,000.
  • 6 bonus miles per S$1 spend. Charge your expenses on any eligible UOB credit cards, maintain a MAB of at least S$1,000 and credit your salary (minimum S$2,000 per month).

Do note that KrisFlyer miles are awarded for every S$5 of the monthly sum of your eligible transactions. Also, bonus miles are capped at 5% of your average monthly account balance (e.g. 1,000 maximum bonus miles for a MAB of S$20,000).

How to calculate mile earnings for KrisFlyer UOB Account

To give you a better understanding on how much bonus miles you can earn, we’ve illustrated the miles calculation in these two examples:

Example 1 (With salary credit)Example 2 (Without salary credit)
Monthly card spendS$500S$1,000
Monthly average balance (MAB)S$10,000S$100,000
Bonus miles cap (5% of MAB)S$10,000 x 5% = 500 milesS$100,000 x 5% = 5,000 miles
Salary credit (Min. S$2,000)YesNo
Base KrisFlyer milesS$500 x 0.4 = 200 milesS$1,000 x 0.4 = 400 miles
Bonus KrisFlyer milesS$500 x 6 = 3,000 miles (capped at 500 miles)S$1,000 x 5 = 5,000 miles (capped at 5,000 miles)
Total KrisFlyer miles earned200 base miles + 500 bonus miles = 700 miles400 base miles + 5,000 bonus miles = 5,400 miles
Effective miles earn rate700 (total miles earned) / S$500 (monthly card spend) = 1.4 miles5,400 (total miles earned) / S$1,000 (monthly card spend) = 5.4 miles

Key features

  • Bonus miles. Get up to 6 bonus miles on top of the base earn rate (0.4 miles per S$1 spend) when you meet certain requirements — spend on eligible UOB credit cards, maintain a minimum S$1,000 MAB and salary credit (at least S$2,000 monthly).
  • Minimal fees. The account doesn’t charge any opening, monthly and maintenance fees. However, a S$2 fall-below fee will apply if your average daily balance falls below S$1,000.
  • KrisFlyer UOB Mighty FX. Link your KrisFlyer UOB Account with Mighty FX to enjoy competitive exchange rates without any admin fees.
  • Chequing facility. The KrisFlyer UOB account comes with an optional chequebook facility, which allows you to draw and issue Singapore Dollar cheques on the account.
  • Exclusive perks. Enjoy enhanced privileges, benefits and boarding benefits such as complimentary priority check-in, additional baggage allowance, seat selection and miles validity extension.

Interest rates and fees

Interest structure

The KrisFlyer UOB Account offers a base interest of 0.05% p.a. on your entire account balance.

Fees

The KrisFlyer UOB account doesn’t charge any opening, monthly and maintenance fees.

Here are some other account-related fees to take note of:

  • Fall below fee. S$2 if the minimum average daily balance falls below S$1,000.
  • Cheque book. S$10 per cheque book
  • Early account closure. S$30 if the account is closed within 6 months from its opening date.
  • Debit card annual fee. The KrisFlyer UOB Debit Card comes with an annual fee of S$53.50 p.a. (including GST). Waived for the first year.
  • Credit card annual fee. The KrisFlyer UOB Credit Card comes with an annual fee of S$192.60 p.a. (including GST). Waived for the first year.

Pros and cons

Pros

  • Simple criteria for bonus miles. Get up to 6 bonus miles per S$1 spend with the KrisFlyer UOB Account by fulfilling a few simple requirements.
  • Additional miles from FX conversion/spend. Earn 200 KrisFlyer miles (on top of base and bonus miles) with every conversion of S$1,000.
  • Wide range of travel perks. Both the KrisFlyer UOB Debit Card and KrisFlyer UOB Credit Card comes with a wide array of privileges and benefits designed for frequent travellers.

Cons

  • Low interest rate. The interest rate for this account is only 0.05% p.a., without any bonus interest earn opportunities
  • Earn cap for bonus miles. The maximum bonus miles you can earn is 5% of your account’s monthly average balance. For example, if your MAB is S$10,000, you’ll only be eligible to earn up to 500 bonus miles for that month.

How to sign up

To begin your application for the KrisFlyer UOB Account, simply head to the account page and click on the ‘Apply now’ button. Before applying, you should make sure that you meet the eligibility criteria and have the required documents on hand.

Do note that this account requires a minimum initial deposit of S$1,000.

Eligibility

To apply for the KrisFlyer UOB Account, you must be:

  • A Singaporean, Singapore PR or foreigner with a valid visa
  • At least 18 years old

Required documents

If you’re a new UOB customer, you should have the following documents on hand to speed up your application:

Singaporeans and permanent residents:

  • Front and back photocopy of your NRIC/passport
  • Proof of residential address (if it’s different from the one in your NRIC)
  • Income documents (e.g. Latest computerised payslip, latest 6 months’ CPF contribution history statement, latest Income Tax Notice of Assessment etc)

Foreigners:

  • Valid passport (at least 6 months validity)
  • Proof of employment/study or visit pass
  • Proof of residential address: e.g. utility bills, telco bills, bank statements or letters from government bodies dated within the last 3 months
  • Income documents (e.g. Latest computerised payslip, latest 6 months’ CPF contribution history statement, latest Income Tax Notice of Assessment etc)

Online application process

  1. Click on the ‘Apply now’ button on the KrisFlyer UOB Account page
  2. Select another banking product to apply at the same time (optional). If not, click ‘Next’ to proceed.
  3. Choose your preferred mode of application: bank details (for existing UOB customers) or MyInfo (for new UOB customers)
  4. Upload any necessary documents and submit your application
  5. Allow time for UOB to get in touch with further instructions.

The verdict

Built for frequent fliers, the KrisFlyer UOB account comes with one of the best miles earn rates when combined with the KrisFlyer UOB Credit/Debit card.

Cardholders can accrue miles (instead of bonus interest rates that are typically offered by other savings accounts in Singapore) from their daily spending, which can be used to redeem flights, rewards and other perks offered by Singapore Airlines’ frequent flyer programme.

Compare other savings accounts in Singapore

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Name Product Mobile View Savings Account Minimum Initial Deposit Fall below monthly fees Minimum annual interest rate Maximum annual interest rate
OCBC 360 account
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    S$1,000

  • Fall below monthly fees

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Earn competitive bonus interest on the first $75,000 of your balance when you credit your salary, save, insure or invest with this account
SC Bonus$aver Account
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Unlock up to 2.38% p.a. of bonus interest on the first S$80,000 deposit and access up to 14 different currencies with this account.
DBS eMySavings Account
  • Minimum Initial Deposit

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  • Minimum annual interest rate

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DBS Multiplier Account
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S$0
S$5
0.05% p.a.
3% p.a.
Multiply your savings with bonus interest rates when you credit your income and meet all the account's criteria.
UOB Stash Account
UOB Stash Account
  • Minimum Initial Deposit

    S$1,000

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.05% p.a.

  • Maximum annual interest rate

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S$1,000
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Grow your savings and earn increasingly higher interest rates for the first S$100,000 of your account balance.
Maybank iSAVvy Savings Account
Maybank iSAVvy Savings Account
  • Minimum Initial Deposit

    S$500

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.19% p.a.

  • Maximum annual interest rate

    0.5% p.a.

S$500
S$2
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Meet day-to-day banking needs and achieve your saving goals by creating sub-accounts through online banking.
Maybank SaveUp Account
  • Minimum Initial Deposit

    S$500

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.25% p.a.

  • Maximum annual interest rate

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S$500
S$2
0.25% p.a.
2.75% p.a.
Save and engage in qualifying Maybank products to unlock a maximum interest rate of 3% p.a. on the first S$50,000 of your balance.
POSB eMySavings Account
POSB eMySavings Account
  • Minimum Initial Deposit

    S$0

  • Fall below monthly fees

    S$0

  • Minimum annual interest rate

    0.05% p.a.

  • Maximum annual interest rate

    0.25% p.a.

S$0
S$0
0.05% p.a.
0.25% p.a.
Earn special interest rates when you grow your month-to-month balance consistently with this preset monthly savings account.
POSB SAYE Account
POSB SAYE Account
  • Minimum Initial Deposit

    S$0

  • Fall below monthly fees

    S$0

  • Minimum annual interest rate

    0.05% p.a.

  • Maximum annual interest rate

    2% p.a.

S$0
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Unlock higher interest when you credit your salary, save a preset amount and make no withdrawals from this special savings account.
SC JumpStart Account
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    S$0

  • Fall below monthly fees

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  • Maximum annual interest rate

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CIMB StarSaver (Savings) Account
  • Minimum Initial Deposit

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KrisFlyer UOB Account
  • Minimum Initial Deposit

    S$1,000

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.05% p.a.

  • Maximum annual interest rate

    0.05% p.a.

S$1,000
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0.05% p.a.
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Access your finances anytime with this interest-bearing passbook savings account.
CIMB StarSaver (Savings)-i Account
CIMB StarSaver (Savings)-i Account
  • Minimum Initial Deposit

    S$1,000

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  • Minimum annual interest rate

    0.3% p.a.

  • Maximum annual interest rate

    0.3% p.a.

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BOC SmartSaver
BOC SmartSaver
  • Minimum Initial Deposit

    S$1,500

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    S$3

  • Minimum annual interest rate

    0.3% p.a.

  • Maximum annual interest rate

    0.5% p.a.

S$1,500
S$3
0.3% p.a.
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POSB My Account
POSB My Account
  • Minimum Initial Deposit

    S$0

  • Fall below monthly fees

    S$0

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CIMB FastSaver Account
CIMB FastSaver Account
  • Minimum Initial Deposit

    S$1,000

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    0.15% p.a.

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    1% p.a.

S$1,000
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UOB Passbook Savings Account
UOB Passbook Savings Account
  • Minimum Initial Deposit

    S$500

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.05% p.a.

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    0.5% p.a.

S$500
S$2
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Manage your finances anytime, anywhere with this simple savings account with high daily interest rate.
OCBC Bonus + Savings Account
OCBC Bonus + Savings Account
  • Minimum Initial Deposit

    S$5,000

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.05% p.a.

  • Maximum annual interest rate

    0.5% p.a.

S$5,000
S$2
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A simple, no-frills savings account that offers higher interest when you grow your month-to-month balance and make no withdrawals, up to 0.5% p.a.
POSB Everyday Savings Account
POSB Everyday Savings Account
  • Minimum Initial Deposit

    S$0

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.05% p.a.

  • Maximum annual interest rate

    0.2% p.a.

S$0
S$2
0.05% p.a.
0.2% p.a.
An everyday savings account that offers cashback on your DBS/POSB debit card spend.
UOB Lady’s Savings Account
  • Minimum Initial Deposit

    S$1,000

  • Fall below monthly fees

    S$2

  • Minimum annual interest rate

    0.05% p.a.

  • Maximum annual interest rate

    0.05% p.a.

S$1,000
S$2
0.05% p.a.
0.05% p.a.
Benefit from complimentary medical insurance cover, free annual health screenings and more with this female-only savings account.
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Disclaimer: Interest rates are applicable for deposits between S$1,000 and S$49,999. Interest rate and initial deposit are shown in Singapore dollars. Please check with the provider for deposits and rates in other amounts and currencies.

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