Flash Deal: UOB Lunar New Year Savings Promotion

On top of possibly being the bank with an excellent savings account now with high rates and easy conditions, UOB is offering lots of goodies this festive season to be be the place for your funds.

Whether you have an account or not, UOB is offering you cash credits for opening a new account and depositing some funds in until the end of this month. That’s a period of barely two weeks.

Only between 16th to 18th January

From 16th to 18th January 2023 only, perform just 2 steps for cash rewards:

  1. open an eligible UOB account
  2. deposit S$8,888 before 31st January 2023 (you can withdraw from 1st February 2023)
New to UOB Accountholders
(No existing UOB product)
New Accountholder
(No existing UOB deposits)
Existing Accountholder*S$88
See terms and conditions here. *Existing account holder must not have held/closed same account from 1st January 2022 to 15th January 2023

After opening your account, you can get further S$50 by crediting your salary to your new UOB savings account and registering your participation.

Apply with the links below. The landing page can be a bit confusing; just tap Next at the bottom of the screen and you do not need to add additional accounts to open. The reward is limited to one account.

Note that there is an early closure fee of S$30 if accounts are closed within 6 months. UOB can also reclaim the reward if the account is closed within 9 months from the opening date.

Fall-below fees are waived for the first 6 months. After that, the minimum average daily balance to avoid fall-below fee is S$1,000. UOB One Account has a fall-below fee of S$5, while the other accounts have a fall-below fee of S$2.


Check out a rundown of great options giving up to 6.8% p.a. for cash savings!

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Even more cash rewards

Banks continue to dole out goodies to attract your funds, and this is a great promo if you have not already opened what I feel is the current best savings account, the UOB One Account.

You can thereafter earmark funds for even more cash rewards with UOB’s Lunar New Year Savings Promotion. I intend to analyse how to maximise that promo in a separate post, so stay subscribed for updates.

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2 thoughts on “Flash Deal: UOB Lunar New Year Savings Promotion

  1. Hi the terms and conditions for 3 days uob 16-18 Jan 23 promotion attached is for 16-18 Nov 22. Can you please attach the updated copy

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