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UOB Uniplus Savings Account review

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Manage your finances conveniently with this account.

The UOB Uniplus is a statement-based savings account that provides convenience for your day-to-day banking needs. Currently, the account is running a promotion that offers up to 0.5% p.a. interest when you make incremental fresh fund deposits.

Find out more about its features and how you can earn bonus interest with the UOB Uniplus Savings account.


Fall below monthly fees

0.7% p.a.

Maximum annual interest rate


Product NameUOB Uniplus Account
Minimum Age Requirement15 years old
Mobile PaymentsApple Pay,Google Pay,Samsung Pay
Supported CurrenciesSGD

Features of the UOB Uniplus Savings account

  • Welcome offer. Stand to redeem $80 (new to UOB customers) or $40 (existing UOB customers) cash credit when you apply for a new UOB Uniplus account online and maintain at least $5,000 average balance for 6 months.
  • Competitive interest rates. Earn up to 0.5% p.a. interest rates during the promotional period.
  • Instant notifications. Stay up-to-date with your banking activities with email or mobile phone alerts.
  • Exclusive perks and deals. Enjoy a wide array of offers and lifestyle privileges from

How does the UOB Uniplus Savings account work?

To qualify for bonus interest with the UOB Uniplus Savings account, you’ll need to make an incremental fresh funds deposit of at least $15,000 during the promotional period (1 October 2020 till 30 November 2020).

The bonus interest rates are as follows:

Incremental fresh funds balanceBonus rates (p.a.)
$15,000 to $50,0000.05%
Over $50,000 to $100,0000.25%
Over $100,000 to $1,000,0000.45%

*Bonus interest rates stated are accurate as of 22 October 2020.

This mean that in order to earn the maximum potential interest rate of 0.5% p.a., you’ll need to have at least $100,000 of incremental fresh funds in your account. Do note that any amount exceeding $1,000,000 will only earn interest at the applicable prevailing interest rate.

What are Fresh Funds?

Fresh funds refers to money that are:

  • In the form of non-UOB cheques
  • Not transferred from any existing UOB account
  • Not withdrawn from any existing UOB account and redeposited (whether part or all of the amounts withdrawn) into the account within the promotion period

As for ‘incremental fresh funds balance’, it refers to the daily difference between each day-end balance and your monthly average account balance for the calendar month.

Benefits of the UOB Uniplus Savings account

The UOB Uniplus Savings account comes with a host of advantages, including:

  • Incentive to save. UOB encourages you to grow their balance through tiered bonus interest without requiring you to spend or fulfil other complicated criteria.
  • 24/7 account access. Access your finances conveniently at the comfort of your home or on-the-go anytime with the UOB internet and phone banking services.
  • Cash rebate. Get up to 3% rebate on eligible transactions at merchants such as Cold Storage, Giant, Guardian, 7-Eleven and Grab with the UOB One Debit Mastercard.
  • Card fee waiver. Complimentary global ATM Card or enjoy a 3-year fee waiver on your UOB debit card
  • Fast and simple application. The online form takes about five to 10 minutes to complete.
  • Low initial deposit. Get started with a minimum deposit of S$500.

What to look out for

Before applying for the UOB Uniplus Savings account, make sure to take note of the following:

  • Bonus interest rates only applicable during the promotional period. The promotional period for the bonus interest is only between 1 October 2020 till 30 November 2020.
  • No bonus interest for any additional balance over $1,000,000. Any incremental fresh funds above $1,000,000 will only accrue interest at the prevailing base rate.
  • Early account closure fee. There’ll be a $30 penalty if you wish to terminate the account within six months of setting up.
  • Fall below fee. There’s a S$2 penalty if your daily average balance falls below S$500.
  • Initial deposit. You’ll need to make a minimum initial deposit of S$500 (for Singaporeans and PR) or $1,000 (for foreigners) to open this account. For Singaporeans with a monthly income less than $2,000 and only using it as a basic bank account, the initial deposit is only $20.

Compare with other savings accounts

Data indicated here is updated regularly
Name Product Minimum Initial Deposit Fall below monthly fees Minimum annual interest rate Maximum annual interest rate
0.05% p.a.
0.2% p.a.
Unlock higher interest when you credit your salary, save a preset amount and make no withdrawals from this special savings account.
SC JumpStart Account
1% p.a.
A day-to-day banking account with attractive interest rates and cashback on debit card spending for young adults Between 18 and 26 years old.
CIMB StarSaver (Savings)-i Account
CIMB StarSaver (Savings)-i Account
0.3% p.a.
0.3% p.a.
This Shariah-compliant savings account come with competitive profit rates and a wide range of banking features.
UOB Stash Account
UOB Stash Account
0.05% p.a.
1% p.a.
This simple, no-frills account offers competitive interest when you maintain or increase your monthly average balance.

Compare up to 4 providers

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.

How do I open a UOB Uniplus Savings account?

To apply for the UOB Uniplus Savings account, you may do so online or in-person at your nearest UOB branch. Existing UOB customers can also apply directly via UOB Mighty or Personal Internet Banking.

Before applying, make sure that you meet the eligibility criteria and have the necessary documents on hand. You’ll also need to make an initial deposit upon successful application.


To apply for a UOB Uniplus Savings Account, you must be:

  • A Singaporean, Singapore PR or foreigner with a valid visa.
  • At least 15 years old.

Required information

If you’re a new UOB customer, make sure to have the following documents on hand:

  • 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)
  • Foreigners:
    • Valid passport
    • Employment Pass/S Pass/Dependent/Study Pass
    • Proof of residential address: e.g. utility bills, telco bills, bank statements or letters from government bodies dated within the last 3 months.

      How do I contact support?

      If you have any enquiries, you may reach UOB directly through the following contact details:

      • Customer service hotline. 1800 222 2121 (24 hours)
      • Online form. You may send your enquiry to UOB via their online contact form.

      Compare the UOB Uniplus Savings Account

      Data indicated here is updated regularly
      Name Product Minimum Initial Deposit Fall below monthly fees Minimum annual interest rate Maximum annual interest rate
      UOB Uniplus Account
      UOB Uniplus Account
      0.05% p.a.
      0.7% p.a.
      A statement-based savings account with features for convenient day-to-day banking needs.

      Compare up to 4 providers

      Bottom line

      The UOB Uniplus Savings account comes with a range of features and is designed for daily banking needs. At the time of writing, account holders are entitled up to 0.45% p.a. of bonus interest on incremental funds from 1 October 2020 till 30 November 2020. However, this means that once the promotion is over, you’ll only earn the 0.05% p.a. prevailing interest on your balance so do take note of this before you apply.

      If you’re looking for a competitive interest yield over a longer period of time, take a look at the high interest savings accounts in Singapore.

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