Easily accessible savings account with bonus interest rate. STASH with UOB.

Benefits of UOB STASH

New approach of saving with a bookless savings account;

  • Get bonus interest rates by simply maintaining or increasing current monthly average balance to be more than the previous month’s
  • Get interest rate paid on a monthly basis
  • Get unlimited deposit or withdrawal transactions
  • Check account details conveniently online 24 hrs a day.
Interest Rate

Monthly Average Balance (Baht)

Interest Rate (p.a.)

Normal

Bonus*

Combine

Average**

0 - 50,000

0.25%

-

0.25%

0.25%

More than 50,000 - 500,000

0.25%

2X Normal Savings Rate***

= 0.50%

0.75%

0.25% - 0.70%

More than 500,000 - 5,000,000

0.25%

4X Normal Savings Rate***

= 1.00%

1.25%

0.70% - 1.20%

More than 5,000,000

0.25%

-

0.25%

1.20% - 0.25%

 

*The Bank pays bonus interests only on the monthly average balance amount more than 50,000 Baht, and not over 5,000,000 Baht.

**Average interest rate is the rate that the Customer will receive, which depends on the deposit amount.

***Current normal savings rate is 0.25% p.a. (as per the Bank’s announcement effective date 1 July 2020) which can be changed.

Please read for your benefits…
  • If current month’s monthly average balance is less than monthly average balance of the previous month, you will get only the normal interest rate for the whole deposit amount of the current month.
  • You shall apply for UOB Personal Internet Banking (PIB) or UOB Mighty in order to view account movements as UOB STASH is a bookless account.
  • You can make a deposit or withdrawal just like normal savings account.
  • You are able to view “e-Statement” via UOB PIB, up to 5 years back.
  1. Interest Type and Conditions
    Get Normal interest rate 0.25% (p.a.) for the balance at day end
    Get more Bonus interest rate 2X and 4X of Normal Savings rate when current monthly average balance is more than or equal to monthly average balance of the previous month
  2. 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 first 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.

  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

    A customer June’s MAB is 1,000,000 Baht and July’s MAB is 5,000,000 Baht. The customer gets bonus interest rate since MAB of the current month (July) is more than June’s.

    1) Normal interest = 5,000,000 x 0.25
    100
    x 31
    365
    = 1,061.64 Baht
    2) Bonus interest
    Monthly Average Balance (Baht) Bonus Interest Rate (p.a.) Bonus Interest (Baht)
    0 - 50,000 -   = 0

    More than 50,000 - 500,000

    0.50%
    = 450,000 x 0.50
    100
    x 31
    365
    = 191.09

    More than 500,000 - 5,000,000

    1.00%
    = 4,500,000 x 1.00
    100
    x 31
    365
    = 3,821.91

    More than 5,000,000

    -   = 0
    Total bonus interest 4,013.00  Baht

    Total interest =
    1,061.64 + 4,013.00 = 5,074.64 Baht
Details Account Opening at Branch
Customer type
  • Individual customer only
Minimum age
  • 15 years old on the date of account opening
Account number
  • Single account only
  • Limit 1 account per customer
Initial deposit amount (Baht)
  • 1,000
Other product/ service required with UOB STASH
  • The customer shall apply for UOB Personal Internet Banking (PIB) or UOB Mighty in order to view account movements as UOB STASH is a bookless account.
Remark UOB STASH account will appear on UOB PIB/ UOB Mighty on the next day of the account opening day (in case of account opening on the weekends or on the Bank holiday, the account will appear on the next 2 business days).
  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 an application for UOB Personal Internet Banking (PIB) or UOB Mighty are subject to UOB PIB/ UOB Mighty terms and conditions.
  3. 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].
  4. To convert from “Inactive Account” status to “Normal” status, account owner shall be present at branch and perform withdrawal transaction from the account.
  5. 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.
  6. A tax exemption shall be in accordance with the regulations of the Revenue Department.
  7. The deposits are under the protection of the laws regarding the Deposit Protection Agency as per the amount and conditions stipulated therein.
  8. Sales Sheet



Question Answer

How to receive bonus interest?

Simply by maintaining the deposit or to have Monthly Average Balance (MAB) of the current month more than MAB of the previous month. The additional bonus rates are 2X and 4X Normal Savings rate for the averaged deposit amount of 50,000 – 5,000,000 Baht.

If Monthly Average Balance of the current month is less than the previous month, what interest rate would I get?

Normal rate 0.25% p.a.

When there is no bank book, how can I check for account movement?

You can check for account transaction details, or previous MAB on UOB Personal Internet Banking (PIB) or UOB Mighty.

Moreover, you can view monthly e-Statement up to 5 years back on UOB PIB.

Do I need to apply for debit card?

It’s not a requirement but we advise you to apply for one for your own convenient to make a cash deposit or withdrawal from CDM or ATM.

  • 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 STASH at the branch where the account was opened only. Please refer to each branch’s operation hour.