UOB Stash Account Review – Is It Worth Parking Your Savings Here in 2025?

If you are looking for an account to stash your savings (especially if you have more than S$10,000), the UOB Stash Account offers interest rates of up to 5% p.a. with no transactions required.

The UOB Stash Account is a simple, no-frills savings account that rewards you with a total interest rate of up to 5% p.a. when you maintain or increase your monthly average balance. With a minimum age requirement of just 15 years old, youths and students can also apply for this account.

Seedly rating: 3.5 stars

You can earn up to 5% p.a. on your UOB Stash Account balance when you:

• Maintain or increase your previous month's Monthly Average Balance (MAB)

• Maintain a minimum MAB of S$10,000 (for bonus interest)

The UOB Stash Account rewards you with different tiers of bonus interest depending on how much you have in the account. To earn the highest total interest of 5% p.a., you will have to keep S$100,000 in the account.

However, don't be misled into thinking that if you deposit S$100,000, you will earn 5% p.a. on your full balance. The interest is earned in tiers based on your account balance. So with a balance of S$100,000, this means:

• S$0 - S$10,000 — 0.05% p.a.

• S$10,001 - S$40,000 — 2% p.a.

• S$40,001 - S$70,000 — 3% p.a.

• S$70,001 - S$100,000 — 5% p.a.

Do note that the Maximum Effective Interest Rate (EIR) on the Stash Account is 3% p.a. for deposits of S$100,000, provided the customer’s Monthly Average Balance (MAB) for the present calendar month is equal to or more than the MAB for the preceding calendar month.

Compare Best Savings Accounts

Students and young working professionals looking for a high-yield savings account will find the UOB Stash Account a great fit-for-purpose option, as no transactions are required to start earning the bonus interest rate.  The low minimum age requirement of 15 allows students to get into the habit of saving early. However, an account balance of more than S$10,000 is required to start earning bonus interest; otherwise, the 0.05% base rate is applicable. 

There is no lock-in period for funds, meaning that account holders can continue to save and spend as long as they maintain or increase their account balance. Each account comes with a UOB One Debit Card, where customers can earn up to 3% cashback on dining, groceries, transport and online shopping transactions.

>> MORE: Best savings accounts in Singapore (2025)

Account type: Savings

Minimum initial deposit: S$1,000

Sign-up offer: $100 cash for account holders who apply for a new UOB account and deposit S$5,000 in fresh funds (limited to the first 100 customers per week)

Perks:

• Earn up to 5.0% p.a. interest by maintaining a minimum account balance of S$100,000 and above (different tiers apply for balances between S$10,000 and S$100,000)

• Comes with a UOB One Debit Card to earn up to to 3% cashback on groceries, dining, online shopping, transport, and more

• All deposits in SGD are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor 

Minimum age requirement: 15 for applications in physical branches, 16 for online applications

>> MORE: The differences between bank account types

While there are many high-yield savings accounts in Singapore that offer higher interest rates, they often require account holders to complete multiple transactions such as monthly salary crediting or minimum spend on credit cards.

The UOB Stash Account serves a different purpose, allowing you to earn a respectable 5% interest by simply keeping your cash in the account.

Store your spare cash or emergency funds

This could be the account to fall back on once the money in your primary savings account reaches the maximum amount that earns higher interest.

For example, if you have a UOB One Account, you earn bonus interest on the first S$100,000. This means that spare cash beyond the S$100,000 could be better off earning the bonus interest in the UOB Stash Account.

However, do keep in mind that the first S$10,000 in the UOB Stash Account does not earn bonus interest. You will have to keep more money in the account to earn higher interest.

UOB Credit Card Welcome Offer: Get S$350 cash credit when you successfully apply for select UOB credit cards and fulfil promotion criteria. Valid till 31 May 2025. T&Cs apply.

Apply for your UOB Credit Card now!

Zero action required to earn interest

Unlike other savings accounts, you do not have to complete any transactions to earn the 5% p.a. interest. Simply stash S$100,000 into the account and make sure this amount stays the same.

Made for students

Savvy teenagers as young as 15 years old who want to save and earn bonus interest are eligible to open a UOB Stash Account. If you are a student with substantial savings but are not qualified to earn bonus interest from other savings accounts, either because of age or because you don’t earn a monthly salary, the UOB Stash Account is your best option.

It also has a low minimum initial deposit required of S$1,000.

Enjoy cash savings with the UOB One Debit Card

Upon opening a UOB Stash Account, you will receive a UOB One Debit Mastercard. The UOB One debit card gets you 3% cashback on transactions made at Dairy Farm Singapore merchants, such as Cold Storage, Giant, Guardian and 7-Eleven.

You also get a 1% cashback on Grab transactions (excluding mobile wallet top-ups) when you make a minimum monthly spend of S$500. However, these rebates are capped at S$20 per calendar month across both Dairy Farm Singapore and Grab transactions.

If this earning cashback entices you, you can also consider applying for a UOB One card which gives you 5% cashback on all spend, including groceries, petrol and retail spend. Your spending at Dairy Farm Group merchants is upsized, earning you up to 10% cashback.

You can also get up to 10% cashback on your Grab rides (excludes mobile wallet top-ups) and you an additional 1% (on top of the 5% cashback) on Singapore Power utilities payment.

Limitations

No doubt about it, earning up to 5.0% p.a. interest on your savings is an attractive prospect. However, there are some catches to earning bonus interest with your UOB Stash Account:

• The first S$10,000 only attracts a base interest rate of 0.5% and as your balance goes beyond S$100,000, any excess amount similarly only attracts 0.5% interest.

• To benefit from the bonus interest rate for balances between S$10,000 and S$100,000, account holders need to maintain or increase their monthly account balance.

The UOB Stash Account may be better paired with another savings account 

As the interest rate for any excess amount over S$100,000 remains at 0.05%, account holders with a substantial sum of savings may be wondering how you can make your money work harder. One way of doing this is to pair the UOB Stash Account with another savings account, allowing you to qualify for bonus interest on a larger sum of funds.

One such example is the UOB One Account, where customers can earn up to 5.3% p.a. interest on their first S$150,000. This may be worth looking into if the account balance on your UOB Stash Account has exceeded S$100,000.

The UOB Stash Account is a great way for youths and working professionals to start earning bonus interest on a modest pool of savings, especially if you intend to grow this pool over time. As the bonus interest rate increases with each S$30,000 interval above S$10,000, this can be a great incentive to increase your account balance every month. In addition, because there are no transaction requirements, you don’t have to worry about going out of your way to hit a minimum spend each month.

Seedly rating: 4.3 stars

CIMB FastSaver Account

Get up to 3.19% p.a. interest on your first S$25,000 by crediting a salary or setting up recurring transfers of minimum S$1,000 per month (bonus 0.5% interest) and spending a minimum of S$500 (bonus 1% interest) or S$800 (bonus 1.5% interest) monthly.

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