UOB Bank Fixed Deposit

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?

Fixed Deposit:

  • 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

News About UOB Fixed Deposit

  • UOB to Sell US$797.6 Million Covered Bonds Issue

    UOB announced that it will sell US$797.6 million covered bonds, as part of its US$8 billion global covered bonds programme launched in 2015. The issue is expected to be launched on 16 January 2018.

    11th January 2018

  • How do interest rates and economic stability impact Forex Trading?

    The Forex Trading market can be an interesting bet due to its potential for volatile price swings, offering opportunity for large profits. However, you need to make informed decisions based on root analysis. This involves a couple of factors impacting national currency values and the market as a whole. Interest rates and economic stability are two such aspects.

    It is important to study the current, past, and potential interest rates, as they could affect the value. The Central Bank sets the interest rates, and can adjust them after studying the market. It is important use all the information available to anticipate changes in interest rates, or to anticipate the interest rate differential.

    Economic stability, on the other hand is defined as a state for a nation characterised by minor fluctuations in output growth, coupled with a consistently low inflation rate. Stable economies usually attract investors, as they have low risk levels. Thus, it becomes important to take note of economic predictions, political and current events. This might be one of the factors directly impacting the value of currency.

    03rd November 2017

  • DBS and UOB fight it out in the mortgage loan space

    Much to the advantage of home buyers in Singapore, two of the top banks offering home loans at competitive interest rates to Singaporeans, DBS and UOB, are combating to provide better interest rates to customers.

    Both DBS and UOB are vying to offer lower interest rates, with an intention to capitalise on the two new property launches taking place this year. The stake here is 1,225 homes from the two launches that are due to take place.

    DBs and OCBC, in order to take competition to a new high, are offering a near-0% rate on their Fixed Deposit – Home Loan Rate packages. The current rates offered by DBS and UOB are 0.6% and 0.65% respectively.

    The 0% spread is applicable until the time the property receives its temporary occupation permit, which usually takes about three to four years. Also, DBS’s provision of 0.6% is aligned with its 18-month FHR package while UOB’s 0.65% is aligned with its 36-month FHR package.

    After the property receives its temporary occupation limit, the DBS loan spread is 1% and in the case of UOB, it is 0.9% for the first year, and 0.95% from the second year onwards.

    16th August 2017

  • UOB Fixed Deposit Promotion

    Runtime: The UOB Lunar New Year Savings Promotion is available from 3rd January to 28th February, 2017. The High Yield Account Promotion and the Singapore Dollar Fixed Deposit Promotion are available from 3rd to 31st January, 2017.

    Particulars-

      • UOB account holders can get up to 1% p.a. and a 24K gold-plated RISIS Rooster Figurine with Swarovski crystal, worth S$258. Bonus Rates are applicable to Incremental Fresh Funds balance of maximum S$1,000,000.

      • Get good interest rates on a minimum deposit of 50,000 in foreign currencies (S$, A$, and £) with the UOB Global Currency Premium Account.

      • New and existing account holders can get up to 1% p.a. with their UOB High Yield Account.

      • Get an interest rate of 0.9% p.a. on a 13-month Singapore Dollar Fixed Deposit, with a minimum deposit of S$20,000 in Fresh Funds.

    Terms and Conditions:

      • This promotion is applicable to customers with an UOB account with an initial deposit in Fresh Funds of minimum $50,000.

      • To qualify for this promotion, account holders should submit the participation form on the same day as the first Fresh Funds deposit.

  • UOB Singapore Dollar Fixed Deposit Promotion

    Runtime: This promotion is valid between July 8 and July 30, 2016.

    Particulars:

    • Promotional Interest Rate of 1.40% p.a. applicable on Singapore Dollar Fixed Deposit for a tenor of 13 months.

    • Deposit fresh funds of minimum S$20,000 to be eligible for this promotion.

    Terms and Conditions:

    • This promotion is only applicable to individual customers.

    • The Singapore Dollar Fixed Deposit should be held until maturity to enjoy the promotional interest rate offered.

    • For further details on this promotion or for more information on the terms and conditions, please feel free to contact the bank.

  • 42% rise in the Cash Management Revenue of UOB

    Even in the present volatile and unstable economy, UOB has seen a significant increase in their cash management revenue with an increase of 42% this year. This increase has been recorded in the first 6 months of this year in comparison to the same period one year ago. This is primarily because of the increasing interest of a large number of clients wanting to invest in Asia, particularly South East Asia and Greater China Region as stated by the group head of the transaction banking of UOB, So Lay Hua.

    Due to the increasing expansion of these clients across the region, necessary cash management structures are being put in place so that they can sear through businesses and market cycles. In the last year, the revenue that UOB incurred from their global transaction banking alone contributed to one third of UOB’s wholesale banking revenue.

    07th October 2015

Fixed Deposits from Top Banks
Foreign Currency Fixed Deposits from Top Banks
Currency Specific Fixed Deposit
US Dollar Foreign Currency Fixed Deposit by Bank
Australian Dollar Foreign Currency Fixed Deposit by Bank
GBP Foreign Currency Fixed Deposit by Bank
NZD Foreign Currency Fixed Deposit by Bank
Euro Foreign Currency Fixed Deposit by Bank
Canadian Dollar Foreign Currency Fixed Deposit by Bank
Fixed Deposit Promotion by Banks
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