UOB One Account Interest Rates to Drop to 1.90% p.a. from 1 December 2025
UOB has announced yet another revision to the interest rates for its flagship UOB One Account. Effective 1 December 2025, the maximum Effective Interest Rate (EIR) for the account will drop from the current 2.50% p.a. to 1.90% p.a. for deposits of S$150,000, provided you meet the salary crediting and minimum card spend criteria. This marks the third time UOB has adjusted rates downwards in 2025, following reductions in May and September. The bank has cited the need to "align with long-term interest rate environment expectations" as the reason for this latest adjustment.
Photo Credit: UOB
The revision primarily affects the Salary Credit tier. If you currently rely on crediting your salary (minimum S$1,600) and spending at least S$500 on an eligible UOB card to earn bonus interest, your returns will be significantly lower starting tomorrow. Here is the breakdown of the new interest rates for the Salary Credit + Card Spend route.
| Account Balance Segment | Current Rate (Until 30 Nov 25) |
Revised Rate (From 1 Dec 25) |
|---|---|---|
| First S$75,000 | 1.50% p.a. | 1.00% p.a. |
| Next S$50,000 | 3.00% p.a. | 2.50% p.a. |
| Next S$25,000 | 4.50% p.a. | 3.40% p.a. |
| Max EIR (on S$150k) | 2.50% p.a. | 1.90% p.a. |
| Total Annual Interest | S$3,750 | S$2,850 |
If you are a UOB One Account holder with a balance of S$150,000 who consistently meets the salary and spending requirements, your total annual interest will decrease from S$3,750 to S$2,850. This represents a loss of S$900 per year (or roughly S$75 per month). With the maximum EIR falling below the 2.00% threshold, the UOB One Account is becoming increasingly difficult to recommend as a primary high-yield savings account but with that being said, this seems to be in line with the current market rates with interest rates falling across the board.
The era of high-interest savings accounts appears to be tapering off as banks adjust to the global economic outlook. If you are currently parking a significant amount of cash in the UOB One Account, it is definitely time to review your portfolio.
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