UOB fixed deposits allow you to deposit your extra cash into fixed deposit instruments where you can earn interest at competitive rates. UOB offers 4 types of fixed deposit schemes. They are: Singapore Dollar Time Deposits, Foreign Currency Term Deposits, the Supplementary Retirement Scheme Fixed Deposit, and the Grand Senior Citizens Fixed Deposit account.
The SGD time deposit accounts come with an automatic renewal option, a wide range of tenors of up to 36 months, and a low minimum deposit amount starting at S$5,000. Several foreign currency time deposit options are also available. These time deposits are available in 10 major foreign currencies and require a minimum placement of 5,000 units of the respective currency. Invest in any of the available foreign currencies to enjoy returns on your investment of up to 2.45% p.a.
UOB Fixed Deposit Interest Rates
Tenures available for UOB SGD time deposits range from a minimum of 1 month to a maximum of 36 months.
Tenure | Deposit Amount & Rate (%p.a.) | |||
---|---|---|---|---|
Below S$50,000* | S$50,000 - S$249,999 | S$250,000 - S$499,999 | S$500,000 - S$999,999 | |
1-3 Months | 0.2000 | 0.2000 | 0.2000 | 0.2000 |
4-6 Months | 0.2500 | 0.2500 | 0.2500 | 0.2500 |
7-9 Months | 0.3000 | 0.3000 | 0.3000 | 0.3000 |
10-11 Months | 0.3500 | 0.3500 | 0.3500 | 0.3500 |
12 Months | 0.4000 | 0.4000 | 0.4000 | 0.4000 |
13 Months | 0.5000 | 0.5000 | 0.5000 | 0.5000 |
14 Months | 0.6000 | 0.6000 | 0.6000 | 0.6000 |
15 Months | 0.7000 | 0.7000 | 0.7000 | 0.7000 |
18 Months | 0.8000 | 0.8000 | 0.8000 | 0.8000 |
24 Months | 0.9000 | 0.9000 | 0.9000 | 0.9000 |
36 Months | 1.0000 | 1.0000 | 1.0000 | 1.0000 |
Note: Rates are only indicative and are as of 24 January 2019.
UOB Foreign Currency FD Interest Rates
Tenures available for UOB foreign currency term deposits range from a minimum of 1 week* to a maximum of 12 months^.
The following table provides the interest rates available with UOB for foreign currency deposit accounts:
Currency | Amount | Interest rate (p.a.) |
USD | Less than 50,000 units to 499,999 units | 0.63% to 2.45% |
HKD | Less than 500,000 units to 4,999,999 units | 0.11% to 1.93% |
AUD | Less than 50,000 units to 499,999 units | 0% to 1.64% |
CAD | Less than 50,000 units to 499,999 units | 0% to 1.64% |
NZD | Less than 50,000 units to 499,999 units | 0% to 1.55% |
EUR | Less than 50,000 units to 499,999 units | 0% |
JPY | Less than 10 million units to 49,999,999 units | 0% |
CHF | Less than 50,000 units to 499,999 units | 0% |
GBP | Less than 50,000 units to 499,999 units | 0% to 0.36% |
CNH | Less than 50,000 units to 9,999,999,999 units | 0% to 1.45% |
^In terms of tenors of 1 month to 12 months:
- Hong Kong Dollar requires a minimum deposit of 200,000 units of the currency.
- Japanese Yen requires a minimum deposit of 500,000 units of the currency.
- Chinese Renminbi requires a minimum deposit of 250,000 units of the currency.
*In terms of tenors of 1 to 2 weeks:
- Hong Kong Dollar requires a minimum deposit of 200,000 units of the currency.
- Japanese Yen requires a minimum deposit of 2.5 million units of the currency.
Note: Rates are only indicative and are as of 11 December 2018.
Features and Benefits of UOB Fixed Deposits
UOB fixed deposits come with the following benefits and features:
- Interest is paid annually for tenures of 24 months and 36 months.
- Flexible tenure options range from 1 week to 36 months.
- The minimum placement amount is S$5,000.
- Conveniently renew your term deposit account at maturity with the automatic renewal feature.
- Pledge your fixed deposit and enjoy exclusive privileges with your UOB credit card.
- Use your foreign currency fixed deposit as collateral for a loan, overdraft, or other credit facilities.
- Withdraw or deposit currencies conveniently into your term deposit account through telegraphic transfer, cheque, or cash.
Fixed Deposit Schemes Offered by UOB
Singapore Dollar Time Deposit
This deposit account offers annual interest payments for tenures of 24 months and above. You may choose a fixed tenure based on your individual needs. They range from a minimum tenure of 1 month to a maximum tenure of 36 months. A minimum deposit amount of S$5,000 is required to open an account.
Foreign Currency Term Deposit
Earn up to 2.45% p.a. interest with the UOB Foreign Currency Fixed Deposit account. The foreign currency time deposits are offered in 10 major currencies: US Dollar (USD), Chinese Renminbi (CNH), Australian Dollar (AUD), New Zealand Dollar (NZD), Canadian Dollar (CAD), Hong Kong Dollar (HKD), Sterling Pound (GBP), Euro (EUR), Swiss Franc (CHF), and Japanese Yen (JPY). Tenures offered with this account are 1 week, 2 weeks, 1 month, 2 months, 3 months, 6 months, and 12 months. You may pledge your foreign currency investment as collateral for any credit facility you desire, from bank loans to overdrafts. The minimum deposit amount you need for tenors of 1 month to 12 months is 5,000 units of the respective currency, while the minimum deposit amount for tenors of 1 week to 2 weeks is 25,000 units of the chosen foreign currency.
Grand Senior Citizens Fixed Deposit
Citizens of Singapore aged 55 and above may open this account to benefit from zero maintenance fees and additional interest of 0.125% p.a. on top of the prevailing interest rates for 6, 9, 12, 18, 24, or 36-month fixed deposits. They may also benefit from 50% off all commission charges for demand drafts, cashier’s orders, and telegraphic transfers. However, this discount is subject to a S$5 minimum charge. Also, a minimum placement amount of S$10,000 is required to open an account.
Supplementary Retirement Scheme (SRS) Fixed Deposit
This term deposit account is primarily for individuals looking to get tax exemptions on any interest earned on your retirement savings. Enjoy the convenience of automatic renewal of your fixed deposit upon maturity and a low minimum placement amount. Additionally, enjoy the flexibility that a wide choice of tenors offer to meet your financial goals. Tenors with this scheme range from 1 month to 36 months.
Eligibility Criteria to Open a UOB FD Account?
- Minimum age: 15 for the SGD and Foreign Currency accounts, 21 for the SRS account, and 55 for the Grand Senior Citizens account.
- Minimum tenor: Starts from 1 week.
- Maximum tenor: Up to 36 months.
- Minimum placement amount: Starts at 5,000 units of the chosen currency.
Other Deposit Accounts Offered by the Bank
UOB offers several savings and chequing accounts that you can manage your money with.
Savings accounts available with UOB include:
- Stash Account
- Child Development Account
- Uniplus Savings Account
- Junior Savers Account
- Passbook Savings Account
- Global Currency Premium Account
Chequing accounts available with UOB include:
- One Account
Current Account
- KrisFlyer UOB Account
- Global Currency Account
- i-ACCOUNT
- Privilege Account
- Wealth Premium Account