Life in Singapore can be stressful. As a woman chasing the delicate balance between work and familial commitments, it is normal to want to reward yourself after a, particularly trying period.

While it is not advisable to give into all your desires and fulfil your every whim and fancy, splurging on a spa date or buying something nice, once in a while, can give you just that little push to keep on going.

One way to ensure you are reaping the full benefits of all your hard work, able to afford the occasional treat and still stay on top of your financial goals is to make your savings work harder for you.

A bank account housing your secret stash can come in handy during rainy days or days you find yourself needing some extra cash. This low-risk method of investment, while convenient, is known to reap low returns, which is why it is even more important to ask:

Are you getting the most out of your current “vanilla” savings account? How do you leverage the best saving options to ensure that you are maximising & growing your stash?

Every Woman Needs A Stash Account

Have you considered starting another account to grow your stash even more?

Your saving priorities are most likely to revolve around the way you budget your monthly income, commitments, and your long-term saving goals. One way to save smarter and grow your secret stash is to open a separate savings account. 

When choosing which account is the most appropriate, do look out for the following factors:

  • Interest Rates
  • Accessibility
  • Fees (if any)

There are many options on the market, so it is wise to take some time to evaluate them. Long-term savings accounts require choosing a fuss-free account with attractive interest rates and minimum/no maintenance fees

The New UOB Stash Account® is one account up for consideration:

  1. Interest Rates: Earn up to 1.00%[1] per year (0.05% p.a. as base and 0.95% p.a. as a bonus if your monthly Average balance (MAB) is maintained or increased from previous month’s MAB and you maintain a MAB above S$10,000)
  2. Accessibility: No restriction on the number of times for withdrawals and no penalty on withdrawal amounts
  3. Maintenance Fees: S$2 Fall below fee (if the balance is below S$1,000) Waived until 31 December 2017

*For those interested, UOB is currently holding an exclusive promotion.

Receive sure-win attractive prizes when you apply for UOB Stash Account and add to your stash by playing UOB’s Acorn Dozer game today! You can even get up to S$100 Cash Credit!

From now till 31 Oct 2017, you can unlock an exclusive 1.2% p.a. bonus for November when we hit 6,000 applications. Start sharing this with your other girlfriends!  This type of account comes in useful when stashing money away for an expensive purchase or for a long period of time. Bonus interests can also be earned, the more you deposit.

Moreover, the account provides you with flexibility, as you can withdraw your money anytime. However, do note the initial deposit amount and the need for maintaining or increasing your account balance in order to maximize the interest rates for your savings.

So, Where Do You Go From Here?

Determine if you are putting your hard-earned savings into the right account by revisiting your existing accounts and comparing the options available to you. Are you sure your current bank account is offering you the most attractive terms? Consider switching to the UOB Stash Account® to start growing your stash today.

Also, ensure you can reap the full benefits of the returns by setting aside X amount monthly to work towards reaching the higher bonus rate tier. Perhaps a tip would be to arrange a recurring FAST transfer to the account so as to ensure you won’t miss out on achieving the bonus interest.

With the right mindset, goals, and tools, you will find it easier to make your savings work harder for you in the long run.


“The goal isn’t more money, the goal is living life on your own terms.”


[1] Maximum effective interest rate (EIR) on the UOB Stash Account is 0.83% p.a. (at S$100,000 Monthly Average Balance). Terms and Conditions Apply

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She is a year 4 undergraduate from the National University of Singapore, she is currently pursuing a double major in Sociology (Honours) and Communications and New Media (CNM).She was appointed an ambassador of her residential college, College of Alice and Peter Tan (NUS) and played an instrumental as an External Affairs Alumni Officer under the CAPT College Student Committee.She also previously held the position of President of Guitarpella. A trained public speaker,She has hosted multiple events, including the Kent Ridge Ministerial Forum 2017 with Guest of Honour, Minister for Manpower, Mr. Lim Swee Say. Committed to academic excellence, Joanna was awarded Dean’s List last semester (NUS).