UOB Savings Promo Q2 2025: “Cash is King Savings Bonanza” – Earmark Funds For S$50 to S$500 Cash
UOB has released its quarterly earmark promo for the 2nd quarter of 2025 – get between S$50 to S$500 cash for depositing S$20,000 to S$150,000 of fresh funds. This is on top of the usual interest rate your UOB account offers.
What is a “earmark promo”?
For some time now, UOB has released quarterly promos where you have to “earmark” funds for extra cash. “Earmarking” is essentially setting aside funds for a fixed period of time (usually around 4 to 5 months) which cannot be used or withdrawn.
The extra cash is added returns on top of the account’s usual interest. Since UOB One and Stash accounts can give up to 3.3% and 3% p.a. interest respectively, the overall yield can be quite attractive.
Promo Tiers
| New Funds Amount | Cash Credit Amount | Approximate Returns* |
|---|---|---|
| S$20,000 | S$50 | 0.60% p.a. |
| S$50,000 | S$150 | 0.72% p.a. |
| S$100,000 | S$320 | 0.77% p.a. |
| S$150,000 | S$500 | 0.80% p.a. |
Earmark Timelines
The timeline is specified in the terms and conditions:
| Participating Deposit date or Participation Form submission date, whichever is later (“Qualifying Period”) | Participating Deposit will be Earmarked and Cash Credit will be credited by | Earmark End Date (including this date) |
|---|---|---|
| 1st to 30th April 2025 | 31st May 2025 | 18th September 2025 |
| 1st to 31st May 2025 | 30th June 2025 | 18th October 2025 |
| 1st to 30th June 2025 | 31st July 2025 | 18th November 2025 |
While the commitment period is 4.5 months, you should take it to be 5 months. This is because withdrawing your funds on 18th September, for example, will reduce your monthly average balance significantly for September. This can result in less-than-ideal interest for that month.
Is UOB One still decent with this promo?
Given UOB One’s recent drop in interest rates, could this promo lift the bank account’s overall attractiveness? It’s possible to get between approximately 2.90% to 4.10% p.a. if you consider the earmark promo’s cash credit into your overall return:
| Monthly Average Balance | Effective Interest Rate From 1st May 2025 (p.a.) | Promo Returns (p.a.) | Total Yield (p.a.) |
|---|---|---|---|
| $25,000 | 2.30% | 0.60% | 2.90% |
| $50,000 | 2.30% | 0.72% | 3.02% |
| $100,000 | 2.68% | 0.77% | 3.45% |
| S$150,000 | 3.30% | 0.80% | 4.10% |
UOB One accountholders should also take advantage of the tax payment promo the bank recently rolled out. Getting 6 to 6.5% p.a. rebate on your tax can be seen as up to 0.40% p.a. in additional returns on your funds.
In the current climate, I suppose 4.10% p.a. for S$150,000 balance is pretty decent for something that is very low in risk. If you are willing to set aside funds for the entire commitment period of 4.5 months and can take advantage of the tax payment promo, UOB One remains a compelling option for a high-yield bank account. I will have a fuller comparison piece pitting popular accounts against one another so stay subscribed for updates.
UOB Stash? Might be nerfed
UOB Stash could be an interesting account to use for this promo, and it gives its optimal interest rate of 3% p.a. on S$100,000 of balance. Coupled with the promo, it can provide even better returns than UOB One:
| Top-up Amount | UOB Stash Interest | Promo Returns* (p.a.) | Total Yield* (p.a.) |
|---|---|---|---|
| S$20,000 | 1.03% | 0.60% | 1.63% |
| S$50,000 | 1.81% | 0.72% | 2.53% |
| S$100,000 | 3.01% | 0.77% | 3.78% |
| S$150,000 | 2.02% | 0.80% | 2.82% |
There is a pretty big caveat to this — while UOB One has been nerfed this year and last, UOB Stash has remained relatively unscathed. My personal take is that it could well be the next account with rates on the chopping block since it doesn’t make much sense that UOB Stash gives higher interest at S$100,000 balance than UOB One with no salary nor spend requirement.
Using UOB Stash for this promo hence runs the risk of rates being cut while one’s funds are still being earmarked. I have absolutely no inside news nor any idea whether this could happen, so take this as wild speculation.
Registration is required
Registration is required and needs to be done here. Please read through all terms and conditions yourself as this article is based on my own understanding of the promo mechanics.
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I intend to do a comparison between popular high-yield savings accounts very soon, just in time for all the rate cuts taking place from 1st May 2025.
Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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