UOB One Account Interest Rates Drop to 1.9% p.a. in December 2025
Okay, here’s a breakdown of the information provided, formatted for clarity and easy understanding.
UOB One Account Tax Saver Promotion (Updated for 2025/2026)
UOB is offering a 6% rebate on GIRO income tax payments made between April 1, 2025, and March 31, 2026. The rebate amount depends on your Monthly Average Balance (MAB) in your UOB One Account.
Rebate Structure:
| Monthly Average Balance (MAB) | Monthly Rebate | Equivalent Annual Rebate (Based on 12 Months) |
|---|---|---|
| ≥S$30,000 | S$10 (S$167) | S$120 |
| ≥S$75,000 | S$25 (S$417) | S$300 |
| ≥S$150,000 | S$50 (S$833) | S$600 |
Note: The numbers in parentheses represent the maximum tax bill amount eligible for the full rebate.
How to Qualify (3 Steps):
- PayNow Registration: Register your mobile number for PayNow on UOB TMRW.
- Money Lock Activation: Activate Money Lock on UOB TMRW (minimum lock amount of S$1).
- GIRO setup: Apply for the GIRO Monthly Tax Payment Plan through the IRAS portal, selecting your UOB one Account for deductions.
Significant Notes:
* If you’ve already completed these steps before April 1, 2025, you don’t need to do them again.
* Example: With a S$150,000 MAB, you’ll receive a S$50 rebate each month, effectively covering tax bills up to S$833.
* Incremental Interest: Maximizing the rebate (S$600/year) is equivalent to an extra 0.4% p.a. in interest,assuming you maintain a S$150,000 balance and have a tax bill of at least ~S$10,000.
For Miles Chasers:
The article mentions that this promotion is less appealing if your primary goal is to earn miles. (The article then goes on to discuss alternatives, but that part is not included in the provided text).
Let me know if you’d like me to elaborate on any specific aspect of this information!