| Starts | 9 Jul 2025 (Wed) | Ends | 31 Jul 2025 (Thu) |
|---|---|---|---|
| Location | UOB |
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UOB unveils new promotional fixed deposit rates for SGD placements from 9 to 31 July 2025
United Overseas Bank (UOB) has introduced revised promotional rates for its Singapore Dollar (SGD) fixed deposits, applicable from 9 July 2025 through 31 July 2025. These updated offerings are available exclusively for placements made with fresh funds and are open to both existing and new customers of the bank.
Eligibility and Fresh Fund Criteria
To qualify for this limited-time promotion, individuals must place fresh funds – that is, monies not currently deposited with UOB. Transfers originating from existing UOB accounts, UOB-issued cheques, cashier’s orders, or demand drafts are strictly excluded. The placement process can be conducted seamlessly via UOB Personal Internet Banking or the UOB TMRW App, providing customers with convenient digital channels for participation.
Revised Promotional Interest Rates
UOB’s updated fixed deposit campaign features the following interest rates for qualifying deposits:
| Tenor | Deposit Amount (Fresh Funds) | Promotional Interest Rate (p.a.) |
|---|---|---|
| 6-month | S$10,000 | 1.65% p.a. |
| 10-month | S$10,000 | 1.45% p.a. |
Comparison with Early July 2025 Campaign
This latest update reflects a decrease in promotional yields compared to UOB’s 1 July 2025 rates, where the highest return was up to 1.75% p.a. The revision highlights a continued response to broader shifts in the interest rate environment, with financial institutions recalibrating their offerings accordingly.
For those seeking to explore competitive alternatives, a full comparison of prevailing deposit rates across local banks is available here.
Terms and Conditions
The quoted promotional interest rates are effective as of 9 July 2025 and remain valid until 31 July 2025. This campaign applies solely to individual customers and may not be combined with other promotions unless specified. To earn the promotional interest, fixed deposits must be maintained until maturity. Early withdrawal may result in forfeiture of interest unless UOB states otherwise, in which case the amount of interest will be determined at its discretion.
UOB reserves the right to modify the promotion’s terms – including rates, tenors, or the promotion period – or to terminate it entirely without prior notice. Customers are encouraged to review the complete terms and conditions for the 6-month and 10-month promotional tenors.
Conclusion
UOB’s mid-July 2025 update to its fixed deposit promotional rates marks a modest reduction, consistent with ongoing interest rate adjustments in the broader financial ecosystem. While the rates remain competitive for conservative savers, those seeking higher yields may want to compare offerings across banks or consider other investment instruments. The promotion, valid until the end of July 2025, represents a continued effort by UOB to engage customers with stable, short- to mid-term savings options.
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