UOB, one of the leading banks in Singapore, offers a wide range of tenors and interests on their fixed deposits. You’ll also have multiple currency options. You can save up and earn at the same time and also enjoy attractive tax benefits.
UOB Fixed Deposit Schemes:
Singapore Dollars Fixed Deposit
- Instead of keeping your surplus SGD funds idle, you can invest them in UOB’s SGD time deposits.
- You can receive returns annually or take them all after maturity.
- Your deposit will be automatically renewed at prevailing rates and the same tenure, unless you issue a separate instruction to do otherwise.
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Features & Benefits of UOB Singapore Dollar Fixed Deposit:
- Tenure options are 1 to 12, 18, 24 and 36 months.
- Interest is paid annually for 24- and 36-month tenures.
- The minimum placement amount is S$5,000.
- Get a UOB Credit Card and enjoy its privileges when you pledge the fixed deposit.
- Get an automatic overdraft facility linked to your i-ACCOUNT.
Foreign Currency Fixed Deposit
- Use your surplus foreign currency funds to earn handsome returns by investing them in UOB’s Foreign Currency Fixed Deposit account with UOB Business Banking.
- Compared to Singapore dollar, fixed deposits have the advantage of receiving higher returns in terms of higher interest rates or tax-exempt capital gains from favourable exchange rates movements.
- Multi-currency cash flows that come from global trading ties, can be managed better by hedging against exchange risk exposures arising from foreign currency payments.
- This deposit has flexible tenors and low minimum deposit requirement.
- Automatic renewal of the account, upon maturity, is available.
Grand Senior Citizens Fixed Deposit
- Senior citizens get an extra 0.125% p.a. interest on a 6-, 9-, 12-, 18-, 24- or 36-month fixed deposit.
- A standby overdraft credit line of S$50,000 is issued against a guarantee of a fixed deposit of S$50,000.
- A discount of 50% is offered on commission charges for telegraphic transfers, demand drafts, and cashier's orders, subject to a minimum of S$5.
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Supplementary Retirement Scheme Fixed Deposit
- Enjoy tax exemptions on interests earned from the Supplementary Retirement Scheme Fixed Deposit scheme.
- Automatic renewal upon maturity is available.
- Minimum placement amount is just S$5,000 for the Singapore dollar deposit and 5,000 units in the deposit currency for foreign currency deposits.
- Tenures ranging from 1 to 12 months, 18 months, 24 months, and 36 months are available.
UOB Fixed Deposit Interest Rate 2018 (Singapore Dollar)
The interest rates on UOB Singaporean Dollar Fixed Deposit are:
| Deposit Amount | Interest Rate | |||||||
| 1 Month | 2 Months | 3 Months | 4 Months | 5 Months | 6 Months | 7 Months | 8 Months | |
| Below S$50,000 | 0.05% p.a. | 0.05% p.a. | 0.1% p.a. | 0.1% p.a. | 0.1% p.a. | 0.15% p.a. | 0.15% p.a. | 0.15% p.a. |
| S$50,000 to S$249,999 | 0.05% p.a. | 0.05% p.a. | 0.1% p.a. | 0.1% p.a. | 0.1% p.a. | 0.15% p.a. | 0.15% p.a. | 0.15% p.a. |
| S$250,000 to S$499,999 | 0.05% p.a. | 0.05% p.a. | 0.1% p.a. | 0.1% p.a. | 0.1% p.a. | 0.15% p.a. | 0.15% p.a. | 0.15% p.a. |
| S$500,000 to S$999,999 | 0.05% p.a. | 0.05% p.a. | 0.1% p.a. | 0.1% p.a. | 0.1% p.a. | 0.15% p.a. | 0.15% p.a. | 0.15% p.a. |
| Deposit Amount | Interest Rate | |||||||
| 9 Months | 10 Months | 11 Months | 12 Months | 15 Months | 18 Months | 24 Months | 36 Months | |
| Below S$50,000 | 0.2% p.a. | 0.2% p.a. | 0.2% p.a. | 0.25% p.a. | 0.25% p.a. | 0.5% p.a. | 0.7% p.a. | 1% p.a. |
| S$50,000 - S$249,999 | 0.2% p.a. | 0.2% p.a. | 0.2% p.a. | 0.25% p.a. | 0.25% p.a. | 0.5% p.a. | 0.7%% p.a. | 1% p.a. |
| S$250,000 - S$499,999 | 0.2% p.a. | 0.2% p.a. | 0.2% p.a. | 0.25% p.a. | 0.25% p.a. | 0.5% p.a. | 0.7% p.a. | 1% p.a. |
| S$500,000 - S$999,999 | 0.2% p.a. | 0.2% p.a. | 0.2% p.a. | 0.25% p.a. | 0.25% p.a. | 0.5% p.a. | 0.7% p.a. | 1% p.a. |
UOB Fixed Deposit Interest Rate 2018 (USD)
The interest rates being offered on USD deposits are:
| Deposit Amount | Interest Rate | ||||||
| 1 Week | 2 Weeks | 1 Month | 2 Months | 3 Months | 6 Months | 12 Months | |
| Below USD 50,000 | 0.19% p.a. | 0.23% p.a. | 1.65% p.a. | 1.81% p.a. | 2.11% p.a. | 2.07% p.a. | 1.89% p.a. |
| USD 50,000 to below USD 100,000 | 0.19% p.a. | 0.23% p.a. | 1.7% p.a. | 1.86% p.a. | 2.16% p.a. | 2.12% p.a. | 1.99% p.a. |
| USD 100,000 to below USD 250,000 | 0.69% p.a. | 0.73% p.a. | 1.7% p.a. | 1.86% p.a. | 2.16% p.a. | 2.17% p.a. | 2.19% p.a. |
| USD 250,000 to below USD 500,000 | 0.69% p.a. | 0.73% p.a. | 1.75% p.a. | 1.91% p.a. | 2.21% p.a. | 2.17% p.a. | 2.19% p.a. |
UOB Fixed Deposit Interest Rate 2018 (AUD)
| Deposit Amount (AUD) | Interest rate (% p.a.) | ||||||
| 1 Week | 2 Weeks | 1 Month | 2 Months | 3 Months | 6 Months | 12 Months | |
| Below AUD 50,000 | N.A. | N.A. | 0.14% p.a. | 0.23% p.a. | 0.29% p.a. | 0.4% p.a. | 0.66% p.a. |
| AUD 50,000 but below AUD 100,000 | N.A. | N.A. | 0.54% p.a. | 0.63% p.a. | 0.69% p.a. | 0.8% p.a. | 1.06% p.a. |
| AUD 100,000 but below AUD 250,000 | N.A. | N.A. | 0.74% p.a. | 0.83% p.a. | 0.89% p.a. | 1% p.a. | 1.26% p.a. |
| AUD 250,000 but below AUD 500,000 | N.A. | 0.01% p.a. | 1.14% p.a. | 1.23% p.a. | 1.29% p.a. | 1.4% p.a. | 1.66% p.a. |
UOB Fixed Deposit Interest Rate 2018 (GBP)
| Deposit Amount (GBP) | Interest Rate | ||||||
| 1 Week | 2 Weeks | 1 Month | 2 Months | 3 Months | 6 months | 12 months | |
| Below GBP 50,000 | N.A. | N.A. | 0.05% p.a. | 0.05% p.a. | 0.05% p.a. | 0.05% p.a. | N.A. |
| GBP 50,000 but above GBP 100,000 | N.A. | N.A. | 0.05% p.a. | 0.05% p.a. | 0.05% p.a. | 0.05% p.a. | N.A. |
| GBP 100,000 but below GBP 250,000 | N.A. | N.A. | 0.05% p.a. | 0.05% p.a. | 0.05% p.a. | 0.115% p.a. | N.A. |
| GBP 250,000 but below GBP 500,000 | N.A. | N.A. | 0.05% p.a. | 0.05% p.a. | 0.09% p.a. | 0.19% p.a. | N.A. |
UOB Fixed Deposit Interest Rate 2018 (CAD)
| Deposit Amount (CAD) | Interest Rate | ||||||
| 1 Week | 2 Weeks | 1 Month | 2 Months | 3 Months | 6 Months | 12 Months | |
| Below CAD 50,000 | N.A. | N.A. | 0.62% p.a. | 0.66% p.a. | 0.72% p.a. | 0.9% p.a. | N.A. |
| CAD50,000 but below CAD 100,000 | N.A. | N.A. | 0.61 | 0.73% p.a. | 0.79% p.a. | 0.97% p.a. | N.A. |
| CAD 100,000 but below CAD 250,000 | N.A. | 0.13% p.a. | 0.8% p.a. | 0.84% p.a. | 0.9% p.a. | 1.08% p.a. | N.A. |
| CAD 250,000 but below CAD 500,000 | N.A. | 0.33% p.a. | 0.94% p.a. | 0.98% p.a. | 1.04% p.a. | 1.22% p.a. | N.A. |
UOB Fixed Deposit Interest Rate 2018 (EUR)
Euro deposits don’t earn an interest rate currently at UOB.
UOB Fixed Deposit Interest Rate 2018 (HKD)
| Deposit Amount (HKD) | Interest Rate | ||||||
| 1 Week | 2 Weeks | 1 Month | 2 Months | 3 Months | 6 Months | 12 Months | |
| Below HKD 500,000 | 0.48% p.a. | 0.48% p.a. | 0.39% p.a. | 0.48% p.a. | 0.6% p.a. | 0.83% p.a. | N.A. |
| HKD 500,000 but below HKD 1 million | 0.48% p.a. | 0.48% p.a. | 0.39% p.a. | 0.48% p.a. | 0.6% p.a. | 1.08% p.a. | N.A. |
| HKD 1 million but below HKD 2 million | 0.48% p.a. | 0.48% p.a. | 0.39% p.a. | 0.48% p.a. | 0.6% p.a. | 1.12% p.a. | N.A. |
| HKD 2 million but below 5 million | 0.48% p.a. | 0.48% p.a. | 0.39% p.a. | 0.48% p.a. | 0.6% p.a. | 1.27% p.a. | N.A. |
UOB Fixed Deposit Interest Rate 2018 (JPY)
Your deposit in JPY won’t earn any interest.
UOB Fixed Deposit Interest Rate 2018 (CHF)
No interest is currently being offered on deposits made in Swiss Francs.
UOB Fixed Deposit Interest Rate 2018 (NZD)
| Deposit Amount (NZD) | Interest Rate | ||||||
| 1 Week | 2 Weeks | 1 Month | 2 Months | 3 Months | 6 Months | 12 Months | |
| Below NZD 50,000 | N.A. | N.A. | 0.22% p.a. | 0.41% p.a. | 0.74% p.a. | 0.74% p.a. | 0.83% p.a. |
| NZD 50,000 but below NZD 100,000 | N.A. | N.A. | 0.62% p.a. | 0.81% p.a. | 1.14% p.a. | 1.14% p.a. | 1.23% p.a. |
| NZD 100,000 but below NZD 250,000 | N.A. | N.A. | 0.82% p.a. | 1.01% p.a. | 1.34% p.a. | 1.34% p.a. | 1.43% p.a. |
| NZD 250,000 but below NZD 500,000 | 0.23% p.a. | 0.26% p.a. | 1.22% p.a. | 1.41% p.a. | 1.74% p.a. | 1.74% p.a. | 1.83% p.a. |
UOB Fixed Deposit Interest Rate 2018 (RMB)
| Deposit Amount (RMB) | Interest Rate | ||||||
| 1 Week | 2 Weeks | 1 Month | 2 Months | 3 Months | 6 Months | 12 Months | |
| Below RMB 50,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| RMB 50,000 but below RMB 250,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| RMB 250,000 but below RMB 500,000 | N.A. | N.A. | 0.9% p.a. | N.A. | 1% p.a. | 1.1% p.a. | 1.2% p.a. |
| RMB 500,000 but below RMB 1 million | N.A. | N.A. | 0.9% p.a. | N.A. | 1% p.a. | 1.1% p.a. | 1.2% p.a. |
| RMB 1 million but below RMB 2.5 million | N.A. | N.A. | 0.95% p.a. | N.A. | 1.05% p.a. | 1.15% p.a. | 1.25% p.a. |
| RMB 2.5 million but below RMB 5 million | N.A. | N.A. | 1.05% p.a. | N.A. | 1.15% p.a. | 1.25% p.a. | 1.35% p.a. |
| RMB 5 million but below RMB 10 million | N.A. | N.A. | 1.15% p.a. | N.A. | 1.25% p.a. | 1.35% p.a. | 1.45% p.a. |
UOB offers the following term deposit schemes in Singapore:
- UOB Time Deposit Account: This fixed deposit account is the standard version which allows customers to deposit amounts in Singaporean dollar. The minimum deposit amount required for this deposit account is S$5,000. The tenures range from 1 month to 3 years with the interest being paid out annually for deposits that have either a 2 or 3-year tenure.
- UOB Foreign Currency Time Deposit: This is a separate fixed deposit account which allows customers to deposit in a range of foreign currencies potentially allowing them to earn higher interest rates. The currencies offered under this deposit are US Dollar, Australian Dollar, Canadian Dollar, Great Britain Pound, Hong Kong Dollar, New Zealand Dollar, Japanese Yen, and Chinese Renminbi with tenures ranging from 1 week to 12 months.
UOB Fixed Deposit - Eligibility
Singapore Dollar Fixed Deposit and Foreign Currency fixed Deposit
- The account holder must be at least 15 years old
- An introducer is required if a non-resident individual wishes to open an account
Grand Senior Citizens Fixed Deposit
- The customer must be at least 55 years old.
Supplementary Retirement Scheme Fixed Deposit
- The account holder must be at least 21 years old.
- The account holder must have an SRS Account with an approved SRS operator.
Supplementary Retirement Scheme Fixed Deposit by UOB
Perhaps, the biggest concern after retirement is regarding finances.
With UOB’s SRS scheme, you can start saving and earning during and for those golden years. You have the option of choosing from multiple currencies for your deposit.
Other Products Offered by UOB Singapore
- Personal banking: Apart from Fixed Deposits UOB offers the following products in the personal banking space.
UOB Debit Cards
Insurance and Investment etc.
- Business banking: The following products and services are available:
- Treasury and investment
- Deposit and cash management
- Trade finance
- Loans
- Insurance
- Cards and merchant payments
- Corporate & Institutional Banking: The following sub-domains are available:
- Commercial banking
- Corporate banking
- Structured trade and commodity finance
- Investment banking.
- Wealth banking and privilege banking
UOB Fixed Deposit FAQs
Q. Can premature withdrawals be made?
A. Premature withdrawals can be made with the approval of the Bank. However, there may be a penalty on the interest accrued and/or reduction in original principal amount.
Q. Do senior citizens get additional benefits for holding a fixed deposit in UOB?
A. Yes. Under the Grand Senior Citizens Fixed Deposit scheme, account holders above 55 years of age are entitled to an additional interest of 0.125% per annum for a tenure of 6, 9, 12, 18, 24 or 36-months. There is also an additional benefit of 50% discount on commission charges for certain services provided.
Q. Is automatic renewal facility available for UOB time deposits?
A. Yes. Fixed deposits are automatically renewed for the same period upon maturity at the interest rate prevailing at the time of renewal, unless requested otherwise by the customer.
Q. What is the maximum amount of deposit that can be made under the Grand Senior Citizens Fixed Deposit scheme?
A. S$49,999 is the maximum amount that can be deposited in Grand Senior Citizens Fixed Deposit account.
Q. Are there any charges for maintaining a fixed deposit account?
A. No. The bank does not levy any extra charge for account maintenance
Q. What is the least amount that can be placed under the UOB Fixed Deposit?
A. The minimum deposit amount depends on the tenure chosen. For a tenure of 1-month, the deposit amount is S$5,000 whereas tenures of 7 to 14 days require amounts of up to S$250,000. For a tenure below 1 week, the minimum deposit amount is S$1 million.
Q. What is the minimum age required to open a UOB Time Deposit?
A. The minimum eligible age to open a UOB Fixed Deposit account is 15 years.
Q. What happens when the account reaches maturity?
A. For deposits that have tenures of 2 or 3 years, the interest earned is paid out annually and the deposit amount is automatically renewed for the same tenure chosen earlier unless specified otherwise.
Q. Can I get an overdraft in a foreign currency against this time deposit?
A. Yes, you can use this deposit as a collateral to secure an overdraft facility in a foreign currency.
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News About UOB Fixed Deposit
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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
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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
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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
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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.
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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.
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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
