How does a UOB Stash Account work?
It's a no-brainer that a savings account is intended as a safe place where you can stash your extra money, and top it off with its flexibility for withdrawals, it is ideal and convenient for your everyday banking use or for short-term savings.
Contrary to other banks which offer you the bare minimum for your savings, UOB Stash gives you two types of interest payments - base and monthly bonus interest payments.
All you have to do is to maintain your account balance with the freedom to withdraw or top up your cash whenever you need to with no lock-in period!
| Balance Tier | Base Interest^ | Bonus Interest** | Total Rates | Maximum Effective Interest Rate** |
| First RM25,000 | 0.05% p.a. | 0.00% p.a. | 0.05% p.a. | 0.05% p.a. |
| Next RM25,000 | 0.05% p.a. | 1.00% p.a. | 1.05% p.a. | 0.55% p.a. |
| Next RM50,000 | 0.05% p.a. | 2.50% p.a. | 2.55% p.a. | 1.55% p.a. |
| Next RM100,000 | 0.05% p.a. | 3.15% p.a. | 3.20% p.a. | 2.38% p.a. |
| Above RM200,000 | 1.60% p.a. | 0.00% p.a. | 1.60% p.a. | 2.22% p.a. |
^Base interest is accrued daily, based on the day-end account balance and will be credited on each calendar month's end.
**Bonus interest is calculated based on the Monthly Average Balance and credited on the first business day of the following calendar month.
**The maximum effective interest rate for Stash Account is 2.38% p.a. for the RM200,000 balance. The effective rate for a Balance Tier Above RM200,000 is calculated based on an RM250,000 deposit, provided the customer's MAB for the current month is equal to or more than the previous month's MAB.
How do I earn Bonus Interest and Base Interest?
You are entitled to enjoy Bonus Interest as long as you maintain or increase your Stash Account's Monthly Average Balance (MAB) against the previous month's - it's that simple.
If you have cashed out this month and wish to top up to earn Bonus Interest, you can top up your preferred amount anytime through online fund transfers or cash deposits.
Stash Account holders can also refer to the tool in UOB Personal Internet Banking or UOB TMRW App to monitor the amount needed to top up to meet the Bonus Interest requirement for the month.
Base Interest is accrued daily and credited at every month's end.
What are the requirements for this account?
First off, this account is flexible and is open to Malaysians and Foreigners over the age of 18 years old.
If you're ready to 'Stash your cash away' by opening a UOB Stash Account, you can visit your preferred UOB Malaysia branch or any UOB Malaysia branch nearest to you.
For Malaysians, do remember to bring along your NRIC for the application along with one of these documents that bears your name and address:
- Utility bill (eg: Water, Electricity or Telephone bills); OR
- Quit Rent Assessment; OR
- Bank Statement; OR
- Employer Confirmation Letter
For Foreigners who are working or studying in Malaysia, do bring along your Passport and:
- Letter of Employment; OR
- Student Permit/Pass
The initial deposit to open a UOB Stash savings account is RM500 with no minimum balance to maintain in the account.
Can I sign up for Stash Account online?
You can forget about the hassle of queuing and waiting at the bank just to open an account as you can simply sign up for one via the UOB TMRW App. It’s that simple! Here are the steps that you need to take:
1. Download the UOB TMRW App and select “Stash Account”.
2. Take a picture of your MyKad or NRIC, and perform a quick facial recognition.
3. Complete the e-form as instructed.
4. Set up your online banking and Mighty Secure.
5. Transfer funds via DuitNow (Pay-to-Account-Number).
And you’re done! Your account is now active and you may start performing any transactions.
You are eligible to open a UOB Stash Account if you are a Malaysian citizen residing in Malaysia, possess a MyKad or NRIC issued post-April 2012 (with ghost image), use a local mobile number, are at least 18 years of age, and hold a current/savings account in another local bank with internet banking access.
Can I still open a UOB Stash Account if I don’t meet the above requirements?
Yes! Malaysians and Foreigners can still apply for the account if they’re at least 18 years old. There are a few documents that you'll need to prepare before making your way to your nearest UOB branch:
- MyKad (IC) for Malaysians and Passport for foreigners
- A copy of your latest water, electricity and phone bill with your name and address clearly stated
- Letter of Employment or Student Permit for foreigners who are working or studying in Malaysia
- A minimum initial deposit of RM500
