3 things to know about UOB Lady’s Savings Account
- Complimentary female cancer coverage of up to S$200,000
- Wide range of medical, dental and wellness benefits
- Ongoing promotions
Get complimentary cover against female-related cancer and other healthcare perks while managing your finances.
Fall below monthly fees
Maximum annual interest rate
From now until 31 December 2021, receive up to S$450 cash credit when you sign up for a new UOB Lady’s Savings Account online, deposit fresh funds and register your participation.
Here’s what you need to do:
Be sure to complete Steps 2 and 3 by the 15th of the following month upon account approval to receive your cash reward (3 options available):
|Deposit a minimum of S$5,000 in fresh funds||S$50 cash credit|
|Deposit a minimum of S$5,000 fresh funds + apply for the UOB Lady’s Card (new cardholders only)||S$50 cash credit + $300 cash credit|
|Deposit a minimum of S$100,000 fresh funds + apply for the UOB Lady’s Card (new cardholders only)||S$150 cash credit + $300 cash credit|
Launched by United Overseas Bank and Prudential Singapore, the UOB Lady’s Savings Account is a unique financial solution that helps women protect both their wealth and health.
Aside from the standard range of banking features, the UOB Lady’s Savings Account offers women complimentary medical insurance for up to S$200,000 (based on the size of your account balance) against 6 types of cancer, free annual health screening as well as affordable medical consultation rates.
Provided by Prudential Singapore, the UOB Lady’s Savings Account Group Cancer Plan offers free coverage of up to S$200,000 against six women-specific cancers:
The coverage amount granted is based on and scales according to your account’s monthly average balance over the past three months:
|Monthly average balance||Sum assured|
|S$10,000 and below||S$1,000|
|S$10,001 to S$25,000||S$10,000|
|S$25,001 to S$50,000||S$25,000|
|S$50,001 t0 S$75,000||S$75,000|
|S$75,001 t0 S$100,000||S$100,000|
Note: The information provided is accurate at the time of writing (3 October 2021) and may be subject to change.
To be eligible for the cancer benefit, you’ll need to be between 16 to 50 years old. Individuals above 50 years old will not be able to enter the UOB Lady’s Savings Account Group Cancer Plan, but those who have already enrolled can enjoy the benefit up to a maximum age of 64.
Also, do note that all claims are subjected to a 90-day waiting period from the date of account opening.
The UOB Lady’s Savings Account offers a base interest of 0.05% on your entire account balance.
The UOB Lady’s Savings account doesn’t charge any opening, monthly and maintenance fees.
Here are some other account-related fees to take note of:
To begin your application for the UOB Lady’s Savings 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.
To apply for a UOB Lady’s Savings Account, you must be:
If you’re a new UOB customer and would like to apply at your nearest UOB bank branch, you should have the following documents on hand to speed up your application:
Singaporeans and permanent residents:
Online application process
The UOB Lady’s Savings Account is indeed a unique banking product, providing free coverage for up to S$200,000 against six major female-related cancers plus a bunch of other medical, dental and wellness perks.
But do note that these six female-related cancers are on the extreme end of critical illnesses, leaving you uncovered for a whole spectrum of other conditions – assuming you don’t have any critical illness protection. If you’re seeking a more comprehensive cover for female illness, consider Prudential’s PRULady plan.
To enjoy the maximum coverage of S$200,000, you’ll need to maintain a monthly average balance of at least S$100,000. However, this account only offers the base interest rate of 0.05% – which is approximately S$4.17 per month. This is incredibly low considering you’d earn at least 10 times more in interest if you park the same amount in the UOB Stash Account (or any other high yield savings accounts).
So before you sign up for the UOB Lady’s Savings Account, consider if the value you gain from the complimentary cancer cover and medical perks is worth the opportunity cost of earning a higher interest from other savings accounts.
Simply put, the UOB Lady’s Savings Account could be worth considering if:
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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