• UOB Foreign Currency Fixed Deposits

    Fixed deposits or Time deposits are a very convenient option to invest, save and make more of your hard earned money. 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

    Being one the largest banks in the world, United Overseas Bank never fails to offer great service to its customers. The scheme also offers attractive rates of interest which helps you to save substantially. From choosing a convenient tenor to selecting a deposit amount, you can enjoy an attractive and lucrative scheme for foreign currency fixed deposits. Fixed deposits have instilled the idea of savings in the people of Singapore that this particular time deposit scheme offers intense amount of security.

    Features and Benefits of UOB Foreign Currency Fixed Deposits

    There are a myriad of benefits and perks associated with The UOB FCFD. These features and benefits are listed below.

    • The rates of interest offered are very competitive.
    • The tenors are flexible and can be from 1 week to 12 months.
    • The deposit requirement for this scheme is one of the lowest available in Singapore.
    • While withdrawing funds or making payments, you can choose different modes – by cheque, cash or the telegraphic transfer.
    • When the fixed deposit account reaches its maturity point, it is automatically renewed.
    • The foreign currency can be used as collateral for a loan, overdraft in the foreign currencies or some different credit facility with United Overseas Bank.

    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 N.A. N.A. 0.7525 0.8025 0.9225 1.0150 1.1650
    50,000 - 99,999 N.A. N.A. 0.8250 0.8650 0.9850 1.1650 1.3900
    100,000 - 249,999 N.A. N.A. 0.8250 0.8650 0.9850 1.1650 1.4150
    250,000 - 499,999 N.A. N.A. 0.8600 0.8800 1.0100 1.2000 1.4650
    Australian Dollar              
    Below 50,000 N.A. N.A. N.A. N.A. N.A. 0.21 0.25
    50,000 - 99,999 N.A. N.A. 0.2700 0.3600 0.3900 0.6100 0.6500
    100,000 - 249,999 N.A. N.A. 0.4700 0.5600 0.5900 0.8100 0.8500
    250,000 - 499,999 N.A. N.A. 0.8700 0.9600 0.9900 1.2100 1.2500
    British Pound              
    Below 50,000 N.A. N.A. 0.0500 0.0500 0.0500 0.0500 N.A.
    50,000 - 99,999 N.A. N.A. 0.0500 0.0500 0.0500 0.0500 N.A.
    100,000 - 249,999 N.A. N.A. 0.0500 0.0500 0.0500 0.0500 N.A.
    250,000 - 499,999 N.A. N.A. 0.0500 0.0500 0.0500 0.0500 N.A.
    Canadian Dollar              
    Below 50,000 N.A. N.A. 0.0200 0.0300 0.0500 0.2200 N.A.
    50,000 - 99,999 N.A. N.A. 0.0900 0.1000 0.1200 0.2900 N.A.
    100,000 - 249,999 N.A. N.A. 0.2000 0.2100 0.2300 0.4000 N.A.
    250,000 - 499,999 N.A. N.A. 0.3400 0.3500 0.3700 0.5400 N.A.
    Euro              
    Below 50,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    50,000 - 99,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    100,000 - 249,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    250,000 - 499,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    Hong Kong Dollar              
    Below 500,000 N.A. N.A. N.A. N.A. N.A. 0.1200 N.A.
    500,000 - 999,999 N.A. N.A. N.A. N.A. N.A. 0.3700 N.A.
    1,000,000 - 1,999,999 N.A. N.A. N.A. N.A. N.A. 0.4100 N.A.
    2,000,000 - 4,999,999 N.A. N.A. N.A. N.A. N.A. 0.5600 N.A.
    Japanese Yen              
    Below 10,000,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    10,000,000 - 19,999,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    20,000,000 - 29,999,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    30,000,000 - 39,999,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    40,000,000 - 49,999,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    New Zealand Dollar              
    Below 50,000 N.A. N.A. 0.0800 0.1400 0.2100 0.2600 0.3100
    50,000 - 99,999 N.A. N.A. 0.4800 0.5400 0.6100 0.6600 0.7100
    100,000 - 249,999 N.A. N.A. 0.6800 0.7400 0.8100 0.8600 0.9100
    250,000 - 499,999 0.1100 0.1300 1.0800 1.1400 1.2100 1.2600 1.3100
    Swiss Franc              
    Below 50,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    50,000 - 99,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    100,000 - 249,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    250,000 - 499,999 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 - 249,999 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
    250,000 - 499,999 N.A. N.A. 0.9000 N.A. 1.0000 1.1000 1.2000
    500,000 - 999,999 N.A. N.A. 0.9000 N.A. 1.0000 1.1000 1.2000
    1,000,000 - 2,499,999 N.A. N.A. 0.9500 N.A. 1.0500 1.1500 1.2500
    2,500,000 - 4,999,999 N.A. N.A. 1.0500 N.A. 1.1500 1.2500 1.3500
    5,000,000 - 9,999,999,999 N.A. N.A. 1.1500 N.A. 1.2500 1.3500 1.4500

    Eligibility for UOB Foreign Currency Fixed Deposit

    • The applicant must be at least 15 years old to apply for the Foreign Currency Fixed Deposit.
    • In case a non-residential Singaporean wishes to open an account with UOB, he must have an introducer.

    Documentation

    All with photocopy of NRIC, utility bills, telephone bills, payslips, bank statements, valid passport, etc. are required by the bank in the documentation process.

    How to apply for this scheme?

    There are three ways to apply for this fixed deposit scheme. The first one is booking an online appointment. This process is extremely fast and hassle free. All you have to do is go the bank’s official website and fill in the necessary details required by United Overseas Bank. You could also make a phone call to any of the representatives and they will explain everything related to the scheme to you. The third way to apply for UOB Foreign currency fixed deposit is by walking into the nearest branch and then talking to a banker directly.

    Minimum Placement Amount

    Currency Tenor (1,2, 3, 6 and 12 months)
    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

    Frequently Asked Questions

    1. What is the minimum age to be eligible for the foreign currency fixed deposit scheme?
    2. The minimum age to qualify for the foreign currency fixed deposit scheme offered by United Overseas Bank is 15 years.

    3. Is an introducer required if I, being a foreigner, want to apply for this time deposit scheme?
    4. Yes. An introducer is required if you are non-resident of Singapore who wants to apply for this time deposit scheme.

    5. How much does it cost to maintain this account?
    6. No fees or charges are required to maintain a foreign currency fixed deposit account with United Overseas Bank.

    7. Is there tax exemption for foreigners on the interest?
    8. Yes. For all the non-residents of Singapore, no tax is calculated on the accumulated interest amount.

    9. Can I apply for this scheme online?
    10. Yes. Online application is very much possible and makes things easy, quick and hassle free for you. You could also call up a representative from the bank or walk into any of the nearest branch to know more about the scheme or to apply for it.

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