UOB ONE ACCOUNT – Savings Account with high interest

1. Interest Payment Frequency 
   Interest is paid monthly;
   
   • Normal interest is paid on the last business day of each month.
   • Bonus interest is paid on the 2^nd business day of the following month.
     Remark: The Bank will apply effective bonus interest rate per the Bank’s announcement on the 1st business day to calculate bonus interest on monthly average balance of the previous month.
2. Conditions of Bonus Interest Payment
   
   • In case the Customer opens an account on the last day of the month which falls on weekends or non-bank working day, the Bank will not pay bonus interest for the opening month.
   • In case the Customer spends on debit/credit card or pay online bills on the last day of the month which falls on weekends or non-bank working day, the Bank will calculate the transactions as of next month’s.
3. Monthly Average Balance Calculation
   

   Monthly Average Balance (MAB) is the average of the daily deposit amount in a month.

   sum of daily ending balance number of days in the month*

   *In case of account opening during the month, MAB is calculated from the account opening date until the end of month.

   Example

   Customer opens an account on March 16 for 1,000 Baht, and deposits 2,000 Baht more on March 21, with the total of 3,000 Baht until month end.
   

   MAB =

   (THB 1,000 x 5 days ) +  (THB 3,000 x 11 days ) 16 days

   = 2,375 Baht

4. Interest Rate Calculation
   

   The number of days for calculation is 365 days.

   Normal interest =

   daily ending balance x normal rate (p.a.) x actual deposit period 100 x 365

   Bonus interest =

   Monthly Average Balance x bonus rate (p.a.) x actual deposit period 100 x 365

   Example
   Customer June’s MAB is THB 550,000, with net spending of THB 5,000 on debit/credit card, and 2 bills online payment per Bonus Tier 2 conditions. The customer will get bonus interest rate tier 2.
   
   Interests of June are calculated as followed.

   1)  Normal interest  =

   550,000  x  0.25  x   30 100  x  365

   = 113.01 Baht

   2)  Bonus interest tier 2

   Monthly Average Balance  (Baht)	Bonus Interest Rate (p.a.)	Bonus Interest (Baht)
   0 - 500,000	1.00%	= 500,000 x 1.00 100 x 30 365	=	410.95
   Amount over  500,000	-		=	0
   Total bonus interest		410.95

    

   Total interest

   =  113.01 + 410.95   =  523.96 Baht

Required Document

• ID Card

• The primary card owner name must be the same as the ONE Account’s owner.
• Net card spending includes all debit/credit card both primary and supplementary card of UOB ONE ACCOUNT owner. In case the account owner has several primary credit cards, all cards will be included for bonus interest calculation.
• For any voided transactions, the Bank will deduct voided transaction(s) from spending on the month that transaction(s) was/were voided to calculate net card spending.
• Corporate card type is excluded for the spending.
• Card spending is counted based on "posting date" ONLY.
• Exclude card spending on "mutual fund", "uncollected IPP", "cash advance", "interest", "penalty", and "any fees".

1. Conditions pertaining to account opening e.g. interest calculation, interest payment, fees, process when errors found from deposit/withdrawal transactions, account owner’s responsibilities, Bank’s responsibilities to account owner, account closing, or other conditions are subject to savings account opening terms and conditions.
2. Conditions pertaining to spending of debit/credit card are subject to debit/credit card terms and conditions.
3. Conditions pertaining to an application for UOB Personal Internet Banking (PIB) or UOB Mighty are subject to UOB PIB/ UOB Mighty terms and conditions.
4. In case of ‘Inactive Account’ more than 12 consecutive months, and the balance is lower than 5,000 Baht at month end, the Bank charges maintenance fee 100 Baht/ month per 1 account [Inactive Account is the account with no movement of deposit/ withdrawal/ transfer/ bill payment transaction, excluding system automatic transaction e.g. Auto Direct Debit, for 12 consecutive months].
5. To convert from “Inactive Account” status to “Normal” status, account owner shall be present at branch and perform withdrawal transaction from the account.
6. Additional fees apply for cross-region or cross-bank transactions; please refer to the Bank’s announcement on the Bank’s website click or at the Bank branches.
7. A tax exemption shall be in accordance with the regulations of the Revenue Department.
8. The deposits are under the protection of the laws regarding the Deposit Protection Agency as per the amount and conditions stipulated therein.
9. Sales Sheet

Example 1: More than 1 primary card – all card spending will be combined

 Example 2:  Purchased goods and voided the transaction within the same month

Primary card 1 purchased goods of 50,000 Baht in January and converted the transaction within the same month to installment of 10,000 Baht per month for the next 5 months.

 Example 3:  Purchased goods and voided the transaction the next month

Primary card 1 purchased goods of 50,000 Baht in January and converted the transaction the next month to installment of 10,000 Baht per month for 5 months.

• UOB Personal Internet Banking (PIB) / UOB Mighty
  Check account balance, account movement, previous Monthly Average Balance (MAB), or perform fund transfer, payment for goods and services, and other financial transactions online 24 hrs a day. Maximum limit of transaction or amount per day are subject to UOB PIB/ UOB Mighty terms and conditions.
• Bank Branch
  Check account balance, account movement, previous Monthly Average Balance (MAB), or perform fund transfer, cash deposit/ withdrawal, payment for goods and services, and other financial transactions according to each branch operation hour with no limit on number of transaction or amount per day.
• ATM
  Check account balance or perform cash withdrawal, fund transfer, or payment for goods and services 24 hrs a day with debit bard. Maximum limit of transaction or amount per day are subject to Debit Card terms and conditions.

• You can close UOB ONE ACCOUNT at the branch where the account was opened only. Please refer to each branch’s operation hour.
• If you opened the account via PIB, you can close UOB ONE ACCOUNT at the branch where you chose as a reference when opening the account. Please refer to each branch’s operation hour.