The OCBC360 or UOB One Calculator (Advanced)

This web calculator helps you to decide whether the OCBC360 account or UOB One account (including credit card rebates) is better for you. Please fill in the following questions and press "Calculate!" to see the results.

QUESTIONS
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Q1. Are you able to credit at least $2,000 of your salary to the bank account?
Yes No

Q2. Are you able to pay 3 bills thru GIRO every month?
Yes No
Total GIRO Amount: SGD

Q3. How much are you able to spend on your credit card every month?
a. Online Spending: SGD
b. Offline Spending: SGD

Q4. How much are you able to invest or buy insurance thru the bank?


Q5. How much money can you keep in the bank account?
SGD




CONCLUSION
----------------
OCBC360 UOB One
Savings Interest SGD SGD
Credit Card Rebate SGD SGD
Total Interest & Rebate SGD SGD
Effective Interest Rate %
Credit Card Rebate %

The better account for you is
Additional annual interest & rebate is SGD


REFERENCES
----------------
For more info, please refer to the websites of the respective banks:

OCBC360

UOB One

The information is accurate as at 22 Apr 2017.


See related blog posts:

15 comments:

  1. Unknown20 September 2015 at 17:29

    Hello, are you able to amend your UOB credit card rebates table?

    As of Sep 2015, $500 spending every month is = 3.33% rebate, not 2% anymore.

    ReplyDelete
    Replies
    1. Lee Chin Wai20 September 2015 at 21:30

      Noted. Thks. OCBC is also making changes to its credit card rebates on 1 Oct. Hence, I originally planned to update the computations in Oct. Anyway, I've made the necessary changes for both UOB and OCBC.

      Delete
    2. M.M24 February 2016 at 15:29

      Hi, is this the updated blog for the rebates as it states "accurate as at 20 Sep 2015." If not is there a weblink where I can see and calculate. Much appreciated you took the initiative to do this.

      Delete
    3. Lee Chin Wai25 February 2016 at 23:50

      Hi M.M, you're welcome. This reflects the latest interest rates & rebates as there have not been any changes since the last update.

      Delete
  2. Israel Chua8 August 2016 at 03:04

    Hi, I entered $500 under Online/Offline Spending and I got Credit Card Rebate of $200 for UOB One. Seems unrealistic that the rebate is 40%, is there an error?

    ReplyDelete
    Replies
    1. Lee Chin Wai8 August 2016 at 12:43

      Hi, the credit card rebate computed is for 1 year. The percentage rebate is 3.33%. For a monthly card spending of $500, the annual rebate is $200.

      Delete
    2. Israel Chua8 August 2016 at 12:58

      Oh! thank you for the clarification

      Delete
  3. Unknown24 September 2016 at 09:08

    Comparing OCBC and UOB credit card rebate, OCBC offers 0.3%-6% cash back depending on the spending. In the scenario that if I am able to spend $600 on dining for 3-6% cashback, would this be more favorable as compared to UOB?

    ReplyDelete
    Replies
    1. Lee Chin Wai26 September 2016 at 23:53

      In order to obtain the 3-6% cash rebate, you need to spend min. $400 on offline purchases first. After that, if all the $600 spent qualify for 6% rebate, the OCBC credit card is more advantageous. However, if they only qualify for 3% rebate, the UOB credit card is more advantageous.

      Delete
  4. Unknown24 September 2016 at 16:52

    OCBC also offers up to 6& cashback for some purchases when you spend $600 on OCBC 365 card. I understand that the 6% cashback does not apply to all spendings. But assuming if one only use that card for dining to get 3% or 6% cash back, would OCBC be a better choice?

    ReplyDelete
    Replies
    1. Lee Chin Wai27 September 2016 at 00:04

      OK, I stand corrected. My earlier reply and the web calculator on this page is based on the Frank credit card. If you use the OCBC365 credit card and you are able to spend all $600 on dining, the OCBC365 card will give better rebates. You can use the web calculator to check the effective rebate percentage for the UOB credit card.

      Delete
  5. Gwen22 April 2017 at 23:21

    Hi! What does no 4 means? New insurance or existing insurance?

    Can I also check if the 3 bills payment - can we include insurance payment? Thanks

    ReplyDelete
    Replies
    1. Lee Chin Wai23 April 2017 at 15:18

      Hi. No. 4 refers to purchase of new investments or insurance. Note that the additional interest applies for only the first 12 months after you bought the investment or insurance.

      Yes, the 3 bill payments can include insurance payment.

      Delete
  6. Gwen23 April 2017 at 16:45

    Thanks Chin Wai! This blogspot and the web calculator have helped me made good decisions for my savings plan. I went with OCBC 360. Thanks 😊

    ReplyDelete
  7. Lee Chin Wai3 December 2017 at 21:53

    No, I don't have a spreadsheet version.

    ReplyDelete

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