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> Conditional High Yield Savings Account

nbi
post Feb 13 2019, 01:25 PM

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QUOTE(digimon09 @ Feb 12 2019, 11:31 AM)
1.Your balance should be between >20k and < 50k on ONE account
2.Spend RM500 on UOB Credit Card and/or Debit Mastercard every month
3.Pay 3 bills (min RM50 per bill) via UOB Personal Internet Banking or
deposit minimum RM2,000 via Interbank GIRO/instant transfer every month

*Base on my understanding from the website to achieve 4.28% p.a
*
https://www1.uob.com.my/personal/save/savin...ne-account.page
*Maximum effective interest rate (E.I.R.) of 3.48% p.a. is calculated based on RM50,000 deposits balance in ONE Account.
BooYa
post Feb 13 2019, 02:17 PM

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QUOTE(terrysoh @ Feb 12 2019, 08:26 PM)
Update on UOB-E Account:

If you have 500k to join Priority Banking, they can upgrade the interest to 3.8% instead of 3.5%.

The E-Account and tier works exactly the same, except that the 3.8% replaces the 3.5% whenever your balance is 50k and above.
*
Waooo.. 3.8% higher than some FD board rate ohmy.gif
terrysoh
post Feb 13 2019, 05:25 PM

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QUOTE(BooYa @ Feb 13 2019, 02:17 PM)
Waooo.. 3.8% higher than some FD board rate  ohmy.gif
*
Yup, I believe its the undisputed best saving accounts in Malaysia, no-strings attached, if you have half a mil to spare haha.
David83
post Feb 13 2019, 07:36 PM

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QUOTE(nbi @ Feb 13 2019, 01:25 PM)
https://www1.uob.com.my/personal/save/savin...ne-account.page
*Maximum effective interest rate (E.I.R.) of 3.48% p.a. is calculated based on RM50,000 deposits balance in ONE Account.
*
So just maintain RM 50,001 in the balance of ONE account.
Spend RM 500 on the linked UOB CC.
Pay 3 bills from PIB or inward transfer of RM 2k from other banks.

I'll be getting 4.28% right?
nbi
post Feb 13 2019, 07:57 PM

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visit the site again, and then u will know that for that rm50001
Max E.I.R* 3.48% p.a.

First RM 10K Next RM 20K Next RM 20K Above RM 50K
2.28% p.a. 3.28% p.a. 4.28% p.a. 3.00% p.a.

David83
post Feb 13 2019, 08:01 PM

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QUOTE(nbi @ Feb 13 2019, 07:57 PM)
visit the site again, and then u will know that for that rm50001
Max E.I.R* 3.48% p.a.

First RM 10K Next RM 20K Next RM 20K      Above RM 50K
2.28% p.a. 3.28% p.a. 4.28% p.a. 3.00% p.a.
*
I still don't understand the First RM 10k, Next RM 20k and another Next RM 20k
Doesn't that sum up to be RM 50k average balance in the account?

This post has been edited by David83: Feb 13 2019, 08:01 PM
skty
post Feb 13 2019, 11:38 PM

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QUOTE(David83 @ Feb 13 2019, 08:01 PM)
I still don't understand the First RM 10k, Next RM 20k and another Next RM 20k
Doesn't that sum up to be RM 50k average balance in the account?
*
u put RM50k, you get 3.48% effective interest.
u put RM50000.01, you get 3% effective interest.
terrysoh
post Feb 14 2019, 12:07 AM

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QUOTE(David83 @ Feb 13 2019, 08:01 PM)
I still don't understand the First RM 10k, Next RM 20k and another Next RM 20k
Doesn't that sum up to be RM 50k average balance in the account?
*
David,

I come across that too, figure out awhile before i give up.

It is probably just a marketing gimmick to attract people/confuse value seekers like us.

E-Account still rocks that all day long.
David83
post Feb 14 2019, 06:55 AM

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QUOTE(terrysoh @ Feb 14 2019, 12:07 AM)
David,

I come across that too, figure out awhile before i give up.

It is probably just a marketing gimmick to attract people/confuse value seekers like us.

E-Account still rocks that all day long.
*
I agreed with you.
I think better stick with lesser headache UOB e-Account.

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