Poised to win the hearts of mile chasers, the KrisFlyer UOB savings account lets you earn a maximum of 6 bonus KrisFlyer miles when you spend on eligible UOB cards and credit your salary into the account.
While the pillars are straightforward enough, some turbulence is to be expected. There’s a 5% cap on bonus miles earned that could ground you back to reality if you're only in it for the miles.
First things first, you’ll have to deposit a minimum of S$1,000 to open an account. Once done, you’ll earn the base interest rate of 0.05% p.a. on the first S$15,000.
The next requirement is the KrisFlyer UOB debit card spend, which is when the base KrisFlyer miles come into the picture. As an account holder, you’re able to earn 0.4 miles per S$1 spent on your UOB KrisFlyer debit card straight out the gate.
To earn an additional 5 bonus miles per S$1 spend, charge your day-to-day shopping to one of the eligible UOB cards as well as maintain at least S$1,000 in your account balance. However, the amount of bonus miles earned is capped at 5% of the account’s monthly average bonus.
If you wish to level up from 5 bonus miles to 6 bonus miles per S$1 spend, all you need to do is credit a minimum salary of S$2,000 to your KrisFlyer savings account. Unfortunately, the cap of 5% MAB is applicable here too.
The aforementioned eligible UOB credit cards you can use to earn bonus KrisFlyer miles are:
Debug data (JSON)
{"__typename":"BankAccount","applicationProcess":[{"data":null,"type":null}],"comparables":[{"__typename":"CompareElementSimple","description":"","displayValue":"1,000","prefix":"S$","sortValue":1000000,"suffix":"","title":{"display":"Min. Initial Deposit","key":"MIN_DEPOSIT_AMOUNT"},"tooltip":null},{"__typename":"CompareElementSimple","description":"","displayValue":"0.05","prefix":"","sortValue":-50,"suffix":"%","title":{"display":"Min Annual Interest Rate","key":"INTEREST_RATE"},"tooltip":null},{"__typename":"CompareElementSimple","description":"","displayValue":"0.05","prefix":"","sortValue":-50,"suffix":"%","title":{"display":"Max Annual Interest Rate","key":"MAX_INTEREST_RATE"},"tooltip":null}],"ctaButton":null,"description":{"shortDescription":[]},"disclaimer":null,"documents":null,"eligibility":[{"description":{"longDescription":null,"shortDescription":"No Requirement","tooltip":null},"type":{"display":"Min. Monthly Income","key":"MINIMUM_MONTHLY_INCOME"},"value":"0"},{"description":{"longDescription":null,"shortDescription":"18","tooltip":null},"type":{"display":"Minimum Age","key":"MINIMUM_AGE"},"value":"18"}],"enableCountdown":true,"enableFlipBanner":false,"featured":true,"features":{"cons":["Base interest rate of 0.05% p.a.","Bonus KrisFlyer miles earned will be capped at 5% of Monthly Average Balance in KrisFlyer UOB Account","Fall-below fee of S$2 if average daily balance falls below S$1,000","Early closure fee of S$30 if account is closed within 6 months"],"pros":["Earn KrisFlyer miles at a base rate of 0.4 miles per S$1 spend","Boost earn rate up to 6.4 KrisFlyer miles per S$1 spend when you credit your salary, spend, and save","Insured up to S$75,000 by SDIC. Additional T&Cs apply.","Read our full review of the KrisFlyer UOB Account"],"title":"Features"},"fees":[{"description":{"longDescription":"","shortDescription":"","tooltip":null},"type":{"display":"FALL_BELOW_MIN_DEPOSIT_FEE","key":"FALL_BELOW_MIN_DEPOSIT_FEE"},"value":"2"}],"functional":{"defaults":null,"fees":null,"metaData":{"alias":"krisflyer-uob-account"},"rateTableEntries":null},"id":"blt6e284a08a7f0d4c9_29_en-sg","image":{"description":"","dimension":null,"url":"https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/bltb5cd299ee06025b0/5c529d87f1667cd10b7839e3/UOB.png"},"imageOrientation":null,"interestRateTiers":null,"productName":"KrisFlyer UOB Account","productPrivileges":null,"promotional":null,"provider":{"alias":"uob","providerName":"UOB"},"title":"SG.BA.UOBX0003.KRISFLYERUOBACCOUNT"}
Debug data (Print)
(SizeLimitingPyMap: {__typename=BankAccount, applicationProcess=[{type=null, data=null}], comparables=[{__typename=CompareElementSimple, title={key=MIN_DEPOSIT_AMOUNT, display=Min. Initial Deposit}, sortValue=1000000, displayValue=1,000, tooltip=null, description=, prefix=S$, suffix=}, {__typename=CompareElementSimple, title={key=INTEREST_RATE, display=Min Annual Interest Rate}, sortValue=-50, displayValue=0.05, tooltip=null, description=, prefix=, suffix=%}, {__typename=CompareElementSimple, title={key=MAX_INTEREST_RATE, display=Max Annual Interest Rate}, sortValue=-50, displayValue=0.05, tooltip=null, description=, prefix=, suffix=%}], ctaButton=null, description={shortDescription=[]}, disclaimer=null, documents=null, eligibility=[{type={key=MINIMUM_MONTHLY_INCOME, display=Min. Monthly Income}, value=0, description={shortDescription=No Requirement, longDescription=null, tooltip=null}}, {type={key=MINIMUM_AGE, display=Minimum Age}, value=18, description={shortDescription=18, longDescription=null, tooltip=null}}], enableCountdown=true, enableFlipBanner=false, featured=true, features={title=Features, pros=[Earn KrisFlyer miles at a base rate of 0.4 miles per S$1 spend, Boost earn rate up to 6.4 KrisFlyer miles per S$1 spend when you credit your salary, spend, and save, Insured up to S$75,000 by SDIC. Additional <a href="https://assets.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/blt68e0388cac0285b9/6092579217fcd110074c9168/krisflyer-account-tnc.pdf" target="_blank">T&Cs</a> apply., Read our full review of the <a href="https://www.singsaver.com.sg/blog/krisflyer-uob-account-review" target="_blank">KrisFlyer UOB Account</a>], cons=[Base interest rate of 0.05% p.a., Bonus KrisFlyer miles earned will be capped at 5% of Monthly Average Balance in KrisFlyer UOB Account, Fall-below fee of S$2 if average daily balance falls below S$1,000, Early closure fee of S$30 if account is closed within 6 months]}, fees=[{type={key=FALL_BELOW_MIN_DEPOSIT_FEE, display=FALL_BELOW_MIN_DEPOSIT_FEE}, value=2, description={shortDescription=, longDescription=, tooltip=null}}], functional={metaData={alias=krisflyer-uob-account}, rateTableEntries=null, fees=null, defaults=null}, id=blt6e284a08a7f0d4c9_29_en-sg, image={url=https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/bltb5cd299ee06025b0/5c529d87f1667cd10b7839e3/UOB.png, description=, dimension=null}, imageOrientation=null, interestRateTiers=null, productName=KrisFlyer UOB Account, productPrivileges=null, promotional=null, provider={alias=uob, providerName=UOB}, title=SG.BA.UOBX0003.KRISFLYERUOBACCOUNT})
Debug data (Raw)
{__typename=BankAccount, id=blt6e284a08a7f0d4c9_29_en-sg, image={url=https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/bltb5cd299ee06025b0/5c529d87f1667cd10b7839e3/UOB.png, description=, dimension=null}, featured=true, promotional=null, comparables=[{__typename=CompareElementSimple, title={key=MIN_DEPOSIT_AMOUNT, display=Min. Initial Deposit}, sortValue=1000000, displayValue=1,000, tooltip=null, description=, prefix=S$, suffix=}, {__typename=CompareElementSimple, title={key=INTEREST_RATE, display=Min Annual Interest Rate}, sortValue=-50, displayValue=0.05, tooltip=null, description=, prefix=, suffix=%}, {__typename=CompareElementSimple, title={key=MAX_INTEREST_RATE, display=Max Annual Interest Rate}, sortValue=-50, displayValue=0.05, tooltip=null, description=, prefix=, suffix=%}], ctaButton=null, functional={metaData={alias=krisflyer-uob-account}, rateTableEntries=null, fees=null, defaults=null}, provider={alias=uob, providerName=UOB}, description={shortDescription=[]}, productName=KrisFlyer UOB Account, title=SG.BA.UOBX0003.KRISFLYERUOBACCOUNT, features={title=Features, pros=[Earn KrisFlyer miles at a base rate of 0.4 miles per S$1 spend, Boost earn rate up to 6.4 KrisFlyer miles per S$1 spend when you credit your salary, spend, and save, Insured up to S$75,000 by SDIC. Additional T&Cs apply., Read our full review of the KrisFlyer UOB Account], cons=[Base interest rate of 0.05% p.a., Bonus KrisFlyer miles earned will be capped at 5% of Monthly Average Balance in KrisFlyer UOB Account, Fall-below fee of S$2 if average daily balance falls below S$1,000, Early closure fee of S$30 if account is closed within 6 months]}, eligibility=[{type={key=MINIMUM_MONTHLY_INCOME, display=Min. Monthly Income}, value=0, description={shortDescription=No Requirement, longDescription=null, tooltip=null}}, {type={key=MINIMUM_AGE, display=Minimum Age}, value=18, description={shortDescription=18, longDescription=null, tooltip=null}}], enableCountdown=true, enableFlipBanner=false, documents=null, disclaimer=null, applicationProcess=[{type=null, data=null}], fees=[{type={key=FALL_BELOW_MIN_DEPOSIT_FEE, display=FALL_BELOW_MIN_DEPOSIT_FEE}, value=2, description={shortDescription=, longDescription=, tooltip=null}}], productPrivileges=null, interestRateTiers=null, imageOrientation=null}
Debug data
(SizeLimitingPyMap: {badges={show=true, exclusive={background={color=#CCFBF1, opacity=100, rgba=rgba(204, 251, 241, 1), rgb=rgb(204, 251, 241), hex=#CCFBF1, css=#CCFBF1}, color={color=#0D968B, opacity=100, rgba=rgba(13, 150, 139, 1), rgb=rgb(13, 150, 139), hex=#0D968B, css=#0D968B}, text=Exclusive Offer}, featured={background={color=#FFF6EB, opacity=100, rgba=rgba(255, 246, 235, 1), rgb=rgb(255, 246, 235), hex=#FFF6EB, css=#FFF6EB}, color={color=#E9590C, opacity=100, rgba=rgba(233, 89, 12, 1), rgb=rgb(233, 89, 12), hex=#E9590C, css=#E9590C}, text=Featured}, welcome={background={color=#E5F4FF, opacity=100, rgba=rgba(229, 244, 255, 1), rgb=rgb(229, 244, 255), hex=#E5F4FF, css=#E5F4FF}, color={color=#0080F0, opacity=100, rgba=rgba(0, 128, 240, 1), rgb=rgb(0, 128, 240), hex=#0080F0, css=#0080F0}, text=Welcome Gift}, popular={background={color=#c6b0d9, opacity=100, rgba=rgba(198, 176, 217, 1), rgb=rgb(198, 176, 217), hex=#c6b0d9, css=#c6b0d9}, color={color=#9a6fbf, opacity=100, rgba=rgba(154, 111, 191, 1), rgb=rgb(154, 111, 191), hex=#9a6fbf, css=#9a6fbf}, text=Popular}, time_limited={background={color=#FEF1F1, opacity=100, rgba=rgba(254, 241, 241, 1), rgb=rgb(254, 241, 241), hex=#FEF1F1, css=#FEF1F1}, color={color=#DC2828, opacity=100, rgba=rgba(220, 40, 40, 1), rgb=rgb(220, 40, 40), hex=#DC2828, css=#DC2828}, text=Time Limited}, time_limited_countdown={background={color=#FEF1F1, opacity=100, rgba=rgba(254, 241, 241, 1), rgb=rgb(254, 241, 241), hex=#FEF1F1, css=#FEF1F1}, color={color=#DC2828, opacity=100, rgba=rgba(220, 40, 40, 1), rgb=rgb(220, 40, 40), hex=#DC2828, css=#DC2828}, text=}, best_value={background={color=#EBFEFF, opacity=100, rgba=rgba(235, 254, 255, 1), rgb=rgb(235, 254, 255), hex=#EBFEFF, css=#EBFEFF}, color={color=#088EAF, opacity=100, rgba=rgba(8, 142, 175, 1), rgb=rgb(8, 142, 175), hex=#088EAF, css=#088EAF}, text=Best Value}}, market=singsaver, product_money101={product=Optional.empty, comparables=[ANNUAL_FEE, MIN_SPEND_INSTALMENTS_TAX, MAX_CASHBACK_ONLINE_SHOPPING], ad_hoc_comparables=[], comparable_order=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, product_moneyhero={product=Optional.empty, comparables=[MINIMUM_ANNUAL_INCOME, CASHBACK_LOCAL, ANNUAL_FEE], ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, product_moneymax={product=Optional.empty, comparables=[MINIMUM_ANNUAL_INCOME, CASHBACK_LOCAL, ANNUAL_FEE], ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, product_singsaver={comparables=[MINIMUM_ANNUAL_INCOME, CASHBACK_LOCAL, ANNUAL_FEE], product={id=59168069868, table_id=4702395, table_name=product_singsaver, columns={hs_id=59168069868, hs_child_table_id=0, hs_updated_at=1690878129679, hs_published_at=1713247802513, productid=blt6e284a08a7f0d4c9_29_en-sg, data={"__typename":"BankAccount","id":"blt6e284a08a7f0d4c9_29_en-sg","image":{"url":"https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/bltb5cd299ee06025b0/5c529d87f1667cd10b7839e3/UOB.png","description":"","dimension":null},"featured":true,"promotional":null,"comparables":[{"__typename":"CompareElementSimple","title":{"key":"MIN_DEPOSIT_AMOUNT","display":"Min. Initial Deposit"},"sortValue":1000000,"displayValue":"1,000","tooltip":null,"description":"","prefix":"S$","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"INTEREST_RATE","display":"Min Annual Interest Rate"},"sortValue":-50,"displayValue":"0.05","tooltip":null,"description":"","prefix":"","suffix":"%"},{"__typename":"CompareElementSimple","title":{"key":"MAX_INTEREST_RATE","display":"Max Annual Interest Rate"},"sortValue":-50,"displayValue":"0.05","tooltip":null,"description":"","prefix":"","suffix":"%"}],"ctaButton":null,"functional":{"metaData":{"alias":"krisflyer-uob-account"},"rateTableEntries":null,"fees":null,"defaults":null},"provider":{"alias":"uob","providerName":"UOB"},"description":{"shortDescription":[]},"productName":"KrisFlyer UOB Account","title":"SG.BA.UOBX0003.KRISFLYERUOBACCOUNT","features":{"title":"Features","pros":["Earn KrisFlyer miles at a base rate of 0.4 miles per S$1 spend","Boost earn rate up to 6.4 KrisFlyer miles per S$1 spend when you credit your salary, spend, and save","Insured up to S$75,000 by SDIC. Additional <a href=\"https://assets.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/blt68e0388cac0285b9/6092579217fcd110074c9168/krisflyer-account-tnc.pdf\" target=\"_blank\">T&Cs</a> apply.","Read our full review of the <a href=\"https://www.singsaver.com.sg/blog/krisflyer-uob-account-review\" target=\"_blank\">KrisFlyer UOB Account</a>"],"cons":["Base interest rate of 0.05% p.a.","Bonus KrisFlyer miles earned will be capped at 5% of Monthly Average Balance in KrisFlyer UOB Account","Fall-below fee of S$2 if average daily balance falls below S$1,000","Early closure fee of S$30 if account is closed within 6 months"]},"eligibility":[{"type":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"value":"0","description":{"shortDescription":"No Requirement","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_AGE","display":"Minimum Age"},"value":"18","description":{"shortDescription":"18","longDescription":null,"tooltip":null}}],"enableCountdown":true,"enableFlipBanner":false,"documents":null,"disclaimer":null,"applicationProcess":[{"type":null,"data":null}],"fees":[{"type":{"key":"FALL_BELOW_MIN_DEPOSIT_FEE","display":"FALL_BELOW_MIN_DEPOSIT_FEE"},"value":"2","description":{"shortDescription":"","longDescription":"","tooltip":null}}],"productPrivileges":null,"interestRateTiers":null,"imageOrientation":null}, hs_name=, hs_initial_published_at=1711471202877, hs_created_at=1672893166167, hs_is_edited=false, hs_deleted_at=0, productname=KrisFlyer UOB Account, hs_updated_by_user_id=60412388}}, ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, promotional={display_within_collapsible=true, show_banner=true, show_promotional_in_card=true}, static_text={rewards=Welcome offer, see_more=See more, see_less=See less, cta_button_label=Apply Now, cta_button_subtext=, yes=Yes, no=No, day=Day, days=Days}, style={primary={color=#00AAFB, opacity=100, rgba=rgba(0, 170, 251, 1), rgb=rgb(0, 170, 251), hex=#00AAFB, css=#00AAFB}, call_to_action_background={color=#F97316, opacity=100, rgba=rgba(249, 115, 22, 1), rgb=rgb(249, 115, 22), hex=#F97316, css=#F97316}, call_to_action_color={color=#FFFFFF, opacity=100, rgba=rgba(255, 255, 255, 1), rgb=rgb(255, 255, 255), hex=#FFFFFF, css=#FFFFFF}, call_to_action_subtext_color={color=#687076, opacity=100, rgba=rgba(104, 112, 118, 1), rgb=rgb(104, 112, 118), hex=#687076, css=#687076}, theme=default, summary_section_label={color=#18794E, opacity=100, rgba=rgba(24, 121, 78, 1), rgb=rgb(24, 121, 78), hex=#18794E, css=#18794E}, star_rating={background={color=#FFFFFF, opacity=100, rgba=rgba(255, 255, 255, 1), rgb=rgb(255, 255, 255), hex=#FFFFFF, css=#FFFFFF}, fill={color=#FFFF04, opacity=100, rgba=rgba(255, 255, 4, 1), rgb=rgb(255, 255, 4), hex=#FFFF04, css=#FFFF04}}}, tabs={fees={show=false, expanded=false, order_sequence=1, heading=Fees, labels={fee_frequency=Fee Frequency, duration_of_inactivity=Duration of Inactivity, duration_of_inactivity_indicator=Duration of Inactivity Indicator}}, usage={show=false, expanded=false, order_sequence=1, heading=Usage, labels=[]}, show=true, features={show=true, expanded=true, order_sequence=1, heading=Features}, promotions_terms_and_conditions={show=true, expanded=false, order_sequence=1, heading=Terms & Conditions, additional_offer=Additional Offer, exclusive_offer=Exclusive Offer, welcome_offer=Welcome Offer}, eligibility={show=true, expanded=false, order_sequence=1, heading=Eligibility, text=Eligibility}, basic_benefit={show=true, expanded=false, order_sequence=1, heading=Basic Benefits, items=[]}, enhanced_benefit={show=true, expanded=false, order_sequence=1, heading=Enhanced Benefits, items=[]}, other_benefit={show=true, expanded=false, order_sequence=1, heading=Other Benefits, items=[]}, benefit_limits={show=true, expanded=false, order_sequence=1, heading=Benefit Limits, items=[]}}, type=module})
null
(SizeLimitingPyMap: {columns={hs_id=59168069868, hs_child_table_id=0, hs_updated_at=1690878129679, hs_published_at=1713247802513, productid=blt6e284a08a7f0d4c9_29_en-sg, data={"__typename":"BankAccount","id":"blt6e284a08a7f0d4c9_29_en-sg","image":{"url":"https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/bltb5cd299ee06025b0/5c529d87f1667cd10b7839e3/UOB.png","description":"","dimension":null},"featured":true,"promotional":null,"comparables":[{"__typename":"CompareElementSimple","title":{"key":"MIN_DEPOSIT_AMOUNT","display":"Min. Initial Deposit"},"sortValue":1000000,"displayValue":"1,000","tooltip":null,"description":"","prefix":"S$","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"INTEREST_RATE","display":"Min Annual Interest Rate"},"sortValue":-50,"displayValue":"0.05","tooltip":null,"description":"","prefix":"","suffix":"%"},{"__typename":"CompareElementSimple","title":{"key":"MAX_INTEREST_RATE","display":"Max Annual Interest Rate"},"sortValue":-50,"displayValue":"0.05","tooltip":null,"description":"","prefix":"","suffix":"%"}],"ctaButton":null,"functional":{"metaData":{"alias":"krisflyer-uob-account"},"rateTableEntries":null,"fees":null,"defaults":null},"provider":{"alias":"uob","providerName":"UOB"},"description":{"shortDescription":[]},"productName":"KrisFlyer UOB Account","title":"SG.BA.UOBX0003.KRISFLYERUOBACCOUNT","features":{"title":"Features","pros":["Earn KrisFlyer miles at a base rate of 0.4 miles per S$1 spend","Boost earn rate up to 6.4 KrisFlyer miles per S$1 spend when you credit your salary, spend, and save","Insured up to S$75,000 by SDIC. Additional <a href=\"https://assets.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/blt68e0388cac0285b9/6092579217fcd110074c9168/krisflyer-account-tnc.pdf\" target=\"_blank\">T&Cs</a> apply.","Read our full review of the <a href=\"https://www.singsaver.com.sg/blog/krisflyer-uob-account-review\" target=\"_blank\">KrisFlyer UOB Account</a>"],"cons":["Base interest rate of 0.05% p.a.","Bonus KrisFlyer miles earned will be capped at 5% of Monthly Average Balance in KrisFlyer UOB Account","Fall-below fee of S$2 if average daily balance falls below S$1,000","Early closure fee of S$30 if account is closed within 6 months"]},"eligibility":[{"type":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"value":"0","description":{"shortDescription":"No Requirement","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_AGE","display":"Minimum Age"},"value":"18","description":{"shortDescription":"18","longDescription":null,"tooltip":null}}],"enableCountdown":true,"enableFlipBanner":false,"documents":null,"disclaimer":null,"applicationProcess":[{"type":null,"data":null}],"fees":[{"type":{"key":"FALL_BELOW_MIN_DEPOSIT_FEE","display":"FALL_BELOW_MIN_DEPOSIT_FEE"},"value":"2","description":{"shortDescription":"","longDescription":"","tooltip":null}}],"productPrivileges":null,"interestRateTiers":null,"imageOrientation":null}, hs_name=, hs_initial_published_at=1711471202877, hs_created_at=1672893166167, hs_is_edited=false, hs_deleted_at=0, productname=KrisFlyer UOB Account, hs_updated_by_user_id=60412388}, id=59168069868, table_id=4702395, table_name=product_singsaver})
Now here’s where reality sets in for those hoping to pile up bonus miles just by meeting the aforementioned requirements.
Here’s what your bonus miles earnings might look like in a year with a monthly card spend of S$500 and account balance of S$10,000 (assuming you’re crediting your salary there too).
On the flipside, if we were to do away with the 5% MAB cap, your monthly bonus KrisFlyers miles will add up to: S$500 x 6 miles = 3,000 miles
In a year, this will snowball to 36,000 miles. This just goes to show how restrictive the MAB cap can be, especially if your balance does not increase over time.
In terms of interest rate earned, there’s not much to marvel about. The account’s interest rate of 0.05% p.a. is the entry-level rate for most savings accounts and usually serves as the jumping off point to earn more as you fulfill more requirements.
However, the 0.05% p.a. interest rate remains stagnant even as your account balance grows in the next S$85,000, next S$250,000 and so on.
With this in mind, the KrisFlyer UOB savings account remains first and foremost as a means to rake in more miles above anything else. Looking at this from a savings standpoint, you may be missing out on opportunities to earn a higher interest rate, especially if you’re sitting on a substantial amount of capital.
Thanks to SingPass, the application process for new customers can be done online. As long as you meet the below requirements, the entire process should be relatively fuss-free. Students who are keen on jumping onboard and start chasing miles, you’ll be happy to know that there’s currently no minimum income requirement to open an account.
If you already have a UOB account, applying is just as easy. Be sure to sign in through the UOB internet banking site, then simply provide your particulars and submit the application form.
Back to Blog 
