UOB Savings Promo Q4 2024: “Save Up Cash In” – Earmark Funds For S$70 to S$700 Cash

“Save Up Cash In” is what UOB is calling its 4th quarterly savings promo for 2024, and the promo offers S$70 to S$700 cash depending on the amount of funds you earmark.

Those familiar with UOB’s “earmark promos” would get the drill, but for those who are new, you have to register for the promo and let your funds be earmarked for a period of about 4.5 months (see timeline below). During the earmark, you are unable to withdraw the amount committed but it will still continue to earn your UOB account’s usual interest.

Promo Tiers

Top-up Amount	Cash Bonus	Effective Interest* on Top-up Amount (for ~4.5 months)
S$20,000	S$70	0.94% p.a.
S$50,000	S$200	1.07% p.a.
S$100,000	S$450	1.20% p.a.
S$150,000	S$700	1.25% p.a.

A sign of a continual dip in rates, this quarter’s cash bonuses are noticeably lower than that of last quarter. Nonetheless, this promo should still prove attractive enough for some given you still get your account’s usual interest rate.

Reference Month: September 2024

The top-up amount is referenced to the monthly average balance for September 2024. This is regardless of when you decide to participate in this promo.

It is too late to zero out your UOB balance for this promo. The next promo to prep for is possibly Q1 of 2025, and the reference month would most likely be December 2024.

However, you are still able to take advantage of this promo. For instance, if you have S$100,000 in your UOB One account, you are able to top up S$50,000 for the S$200 cash bonus. Alternatively, you could also start a UOB Stash account and top up S$100,000 there.

Timeline

The timeline is specified below:

Participating Deposit date or Participation Form submission date, whichever is later	Participating Deposit will be Earmarked and Cash Credit will be credited by	Earmark End Date (including this date)
1 October 2024 to 31 October 2024	29 November 2024	17 March 2025
1 November 2024 to 30 November 2024	31 December 2024	17 April 2025
1 December 2024 to 31 December 2024	31 January 2025	16 May 2025

For example, if you register on 17th October 2024 and deposit funds on 30th November 2024, you can expect your funds to be earmarked by end of December 2024. Based on past promos, the earmarked amount will disappear from the available balance of your account and the cash bonus will be credited.

You will then be able to regain access to your earmarked funds by 18th April 2025. This is a period of approximately 4.5 months.

You can register here. See UOB’s terms and conditions here.

UOB One and UOB Stash

Assuming we are starting a new account (or have S$0 in our existing account), UOB One can give as much as 5.25% p.a. for the 4.5-month period if we commit S$150,000.

This is made up of 1.25% p.a. from this promo and 4% p.a. interest on S$150,000 balance. We also have to meet salary crediting and spend requirements.

Top-up Amount	Promo Interest*	UOB One Interest	Total Yield*
S$20,000	0.94% p.a.	3.00% p.a.	3.94% p.a.
S$50,000	1.07% p.a.	3.00% p.a.	4.07% p.a.
S$100,000	1.20% p.a.	3.38% p.a.	4.58% p.a.
S$150,000	1.25% p.a.	4.00% p.a.	5.25% p.a

For UOB Stash, the S$100,000 tier isn’t too shabby at 4.21% p.a. especially considering it does not require salary crediting nor spend requirements.

Top-up Amount	Effective Interest*	UOB Stash Interest	Total Yield*
S$20,000	0.94% p.a.	1.03% p.a.	1.97% p.a.
S$50,000	1.07% p.a.	1.81% p.a.	2.88% p.a.
S$100,000	1.20% p.a.	3.01% p.a.	4.21% p.a.
S$150,000	1.25% p.a.	2.02% p.a.	3.27% p.a.

Good promo?

While rewards have dropped compared to last quarter’s promo, it’s probably to be expected given how rates have been declining in recent months.

Regardless, The start of each month brings about many updates, good and bad, so stay tuned for more savings promos and instruments! Also, UOB’s quarterly promo isn’t the only thing that’s dropping rates… so stay subscribed for updates!

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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