UOB Stash Account Review 2020

UOB Stash Account is a no-frills and simple savings account that rewards account holders with a total interest rate of up to 1% per annum when you maintain or increase your Monthly Average Balance (MAB).


  • Low minimum eligibility age of 15
  • Low fall-below balance of $1,000
  • High interest rate savings account


  • Low maximum interest rate of 1%
  • No bonus interest for the first $10,000
Summary of Product
Base Interest Rate: 0.05% per annum
Max Interest Rate: 1.0% per annum*
Fall below fees: $2
Good for: Savers who want to earn bonus interest as they maintain or increase their MAB.
Minimum Initial Deposit: $1,000
SingSaver Promotion: Receive $20 cash via PayNow + up to $100 cash credits available!

Table of Content

1. Why should you choose the UOB Stash Account?

UOB Stash account holders earn up to 1% per annum on their account balance as long as they maintain a MAB above $10,000 or increase their MAB every month. The first $10,000 earns 0.05% interest per annum, next $40,000 earns 0.80% interest per annum and the next $50,000 earn 1% per annum. MAB threshold for bonus interest is $100,000 so any incremental balance above it will earn 0.05% per annum. Although there are many multiplier savings accounts in Singapore that offer higher interest rates, they require account holders to complete transactions such as monthly salary credits, bill payments or minimum spend on credit cards. If you are a student who has substantial savings but are not qualified to earn bonus interest from other savings accounts, the UOB Stash Account is your best option.
Account Balance Interest Rate (p.a.)
First S$10,000 0.05%
Next S$40,000 0.80%
Next S$50,000 1.00%
Above S$100,000 0.05%
Key Benefit #1
A simple deposit account that offer account holders the opportunity to earn bonus interest of up to 1% per annum.
Key Benefit #2
No need to complete any transactions to become eligible to earn bonus interest since the only requirement account holders must meet is to maintain a MAB above $10,000 or increase their MAB compared to the previous month.
Key Benefit #3
Teenagers as young as 15 years of age who want to save and earn bonus interest are eligible to open a UOB Stash Account with a low minimum initial deposit of $1,000 and a low fall-below fee of $2.

What Charges or Fees should you look out for?

Minimum Initial Deposit: $1,000
Minimum Balance Fee: $2
Early Account Closure Fee: $30

How to apply?

Here is what you will need during the application process:
  • Front and back of NRIC/Passport/Employment Pass
  • Additional Documents (any of the following)
    • Phone Bill
    • Half-yearly CPF statement
    • Any bank statement