• UOB Foreign Currency Fixed Deposits

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    The foreign currency fixed deposit scheme offered by United Overseas Bank is designed to meet all your needs and requirements.

    Why Choose UOB Foreign Currency Fixed Deposits

    • The attractive interest rates offered, means that you can earn and save substantially by depositing money in this account.
    • This foreign currency fixed deposit scheme offers convenient tenure options.
    • You can hedge against future currency fluctuations by opening this foreign currency fixed deposit account.

    Features and Benefits of UOB Foreign Currency Fixed Deposits

    • Competitive interest rates.
    • Flexible tenors.
    • Low minimum deposit amount.
    • Multiple payment options:
      • Cheque
      • Cash
      • Telegraphic transfer
    • Automatic renewal of your deposit on maturity.
    • Can be used as a collateral for a loan, overdraft in the foreign currencies, or other UOB credit options.

    Rates of Interest Offered by UOB Foreign Currency Fixed Deposit

    Currency / Deposit Range (% p.a.) 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
    US Dollar              
    Below 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.
    50,000 – Below 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.
    100,000 – Below 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.
    250,000 – Below 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.
    Australian Dollar              
    Below 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.
    50,000 – Below 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.
    100,000 – Below 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.
    250,000 – Below 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.
    British Pound              
    Below 50,000 N.A. N.A. 0.05% p.a. 0.05% p.a. 0.05% p.a. 0.05% p.a. N.A.
    50,000 – Below 100,000 N.A. N.A. 0.05% p.a. 0.05% p.a. 0.05% p.a. 0.05% p.a. N.A.
    100,000 - Below 250,000 N.A. N.A. 0.05% p.a. 0.05% p.a. 0.05% p.a. 0.115% p.a. N.A.
    250,000 – Below 500,000 N.A. N.A. 0.05% p.a. 0.05% p.a. 0.09% p.a. 0.19% p.a. N.A.
    Canadian Dollar              
    Below 50,000 N.A. N.A. 0.62% p.a. 0.66% p.a. 0.72% p.a. 0.9% p.a. N.A.
    50,000 – Below 100,000 N.A. N.A. 0.69% p.a. 0.73% p.a. 0.79% p.a. 0.97% p.a. N.A.
    100,000 - Below 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.
    250,000 – Below 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.
    Euro              
    Below 50,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    50,000 – Below 100,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    100,000 – Below 250,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    250,000 – Below 500,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    Hong Kong Dollar              
    Below 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.
    500,000 – Below 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.
    1 million – Below 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.
    2 million – 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.
    Japanese Yen              
    Below 10 million N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    10 million – Below 20 million N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    20 million – Below 30 million N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    30 million – Below 40 million N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    40 million – Below 50 million N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    New Zealand Dollar              
    Below 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.
    50,000 – Below 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.
    100,000 – Below 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.
    250,000 – Below 500,000 0.23% p.a. 0.26% p.a. 1.22% p.a. 1.2100 1.41% p.a. 1.74% p.a. 1.83% p.a.
    Swiss Franc              
    Below 50,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    50,000 – Below 100,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    100,000 – Below 250,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    250,000 – Below 500,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    Chinese Renminbi              
    Below 50,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    50,000 – Below 250,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    250,000 – Below 500,000 N.A. N.A. 0.9% p.a. N.A. 1% p.a. 1.1% p.a. 1.2% p.a.
    500,000 – Below 1 million N.A. N.A. 0.9% p.a. N.A. 1% p.a. 1.1% p.a. 1.2% p.a.
    1 million – Below 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.
    2.5 million – Below 5 million N.A. N.A. 1.05% p.a. N.A. 1.15% p.a. 1.25% p.a. 1.35% p.a.
    5 million – Below 10 million N.A. N.A. 1.15% p.a. N.A. 1.25% p.a. 1.35% p.a. 1.45% p.a.

    Eligibility for UOB Foreign Currency Fixed Deposit

    • The applicant must be at least 15 years old.
    • A non-resident would need an introducer in order to open an account under this scheme.

    How to Apply?

    You can apply for this fixed deposit scheme in any of the following modes:

    • Online booking.
    • Phone booking.
    • Visiting a UOB branch.

    Minimum Placement Amount

    The following is the minimum amount required to make a deposit in a foreign currency accepted under this scheme:

    Currency Minimum Deposit
    US Dollar USD 5,000
    Australian Dollar AUD 5,000
    British Pound GBP 5,000
    Canadian Dollar CAD 5,000
    Euro EUR 5,000
    New Zealand Dollar NZD 5,000
    Swiss Franc CHF 5,000
    Japanese Yen JPY 500,000
    Hong Kong Dollar HKD 200,000

    Note: The minimum deposits listed above are for tenures – 1 month, 2 months, 3 months, 6 months, and 12 months. Shorter tenors may be available for bigger amounts.

    Frequently Asked Questions

    1. What privileges can I enjoy?
    2. You’ll enjoy all the benefits offered on UOB credit cards if you pledge your deposit to the bank.

    3. Can I choose a new tenure once my old deposit matures?
    4. Yes. You’ll have to, however, get in touch with the bank and inform them of your wish.

    5. How much does it cost to maintain this account?
    6. No fees or charges are required to maintain this account.

    7. Is there tax exemption for foreigners on the interest?
    8. Yes. All non-residents and foreigners will enjoy an exemption on the accumulated tax.

    9. How frequently do the interest rates change?
    10. The rates offered on foreign currency time deposits can change fast since they are correlated to currency movements. Check the latest rates before opening an account.

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