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 2nd business day of the following month.
     Remark: The Bank will apply effective bonus interest rate per the Bank’s announcement on the 2nd business day to calculate bonus interest on monthly average balance of the previous month.
2. Bonus Interest Payment for 1st Account Opening Month
   • 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 account opening month.
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: Interest Rate Tier 1 Calculation
   Customer June’s MAB is THB 50,000 and performed 3 transactions eligible for bonus tier 1.
   Interests of June are calculated as followed.

   1) Normal interest  =

   550,000  x  0.25  x   30 100  x  365

   = 10.27 Baht

   2) Bonus interest tier 1

   Monthly Average Balance (Baht)	Bonus Interest Rate (p.a.)	Bonus Interest(Baht)
   0 - 500,000	0.50%	50,000 x 0.50 x 30 100 x  365	=	20.54
   Amount over 500,000	-		=	0
   Total bonus interest		20.54 Baht

    

   Total interest

   =  10.27 + 20.54   =  30.81 Baht

    

   Example: Interest Rate Tier 2 Calculation
   Customer June’s MAB is THB 550,000, and performed 6 transactions eligible for bonus 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)	Interest Rate (p.a.)	Bonus Interest (Baht)
   0 - 500,000	1.00%	500,000 x 1.00 x 30 100 x  365	=	410.95
   Amount over 500,000	-		=	0
   Total bonus interest		410.95 Baht

    

   Total interest

   =  113.01 + 410.95   =  523.96 Baht

Example 1: Perform less than 3 transaction – get only normal interest

Example 2: Perform 6 transactions – get bonus tier 2

Example 3: Spend on credit card with void transactions

1. 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].
2. To convert from “Inactive Account” status to “Normal” status, account owner shall be present at branch and perform withdrawal transaction from the account.
3. 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.
4. A tax exemption shall be in accordance with the regulations of the Revenue Department.
5. The deposits are under the protection of the laws regarding the Deposit Protection Agency as per the amount and conditions stipulated therein.

Q: What channels can I pay online bills? 
A: You can pay bill online via our various channels; UOB Mighty, UOB Personal Internet Banking, TMRW, ATM and CDM of UOB’s Bank.

Q: What kind of online bill can I pay for?
A: There are various types of bill you can pay for such as credit card bills, telephone bill, electricity bill, or Easy Pass top up, except for Online bill payment for vehicle registration renewal. For more information, please go to UOB Mighty, UOB Personal Internet Banking, and TMRW.

Q: Where can I apply for direct debit service and what items can I pay for?
A: You can apply for our direct debit at our UOB branches or at the merchant. You can direct debit your ONE Account for various types of payment such as credit card bills, telephone bill, electricity bill, and home loan.  However, direct debit to other UOB accounts, or for mutual fund payment are excluded.

Q: How do I use UOB ONE ACCOUNT as my payroll account? 
A: If your company is using our payroll service, please directly inform your HR.

• 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.

Sales Sheet