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| Starts | 1 Sep 2025 (Mon) | Ends | 16 Sep 2025 (Tue) |
|---|---|---|---|
| Location | UOB |
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UOB revises its Singapore Dollar (SGD) promotional fixed deposit interest rates, effective from 1 Sep 2025
Update 17 Sep: UOB lowers SGD fixed deposit promo rates from 17 Sep 2025, max now 1.2% p.a.
United Overseas Bank (UOB) has adjusted its Singapore Dollar (SGD) promotional fixed deposit rates, applicable for fresh fund placements made between 1 Sep 2025 and 30 Sep 2025. Both new and existing individual customers are eligible, as long as deposits are made using qualifying fresh funds.
This marks a drop from the earlier promotional rate of up to 1.5% published on 20 Aug.
Who is Eligible?
To take part in this promotion, customers must deposit fresh funds. Fresh funds are defined as monies not currently held with UOB. Transfers from existing UOB savings, current, or fixed deposit accounts, as well as UOB cheques, cashier’s orders, and demand drafts, do not qualify.
For convenience, funds can be placed digitally via UOB Personal Internet Banking and the UOB TMRW mobile app, from Monday to Friday (9.30am to 9.30pm), Saturdays (8am to 9.30pm), excluding Sundays and Public Holidays. Online placement is capped at S$999,999 per placement.
Updated Fixed Deposit Promotional Rates
The new promotional rates effective from 1 Sep 2025 are as follows:
| Tenor | Minimum Deposit Amount | Promotional Interest Rate (p.a.) |
|---|---|---|
| 6-month | S$10,000 | 1.35% p.a. |
| 10-month | S$10,000 | 1.10% p.a. |
These rates are only valid if deposits are maintained until maturity. Early withdrawal will generally result in forfeiture of interest unless UOB decides otherwise.
Alternative Options for Savers
Those seeking higher yields may wish to compare across other local banks. For a comprehensive list of the latest fixed deposit and time deposit promotions in Singapore, visit this summary page.
Important Terms and Conditions
The Promotional Interest Rate(s) quoted are as at 01 September 2025. This promotion applies only to individual customers and cannot be combined with other privileges or promotions unless specifically stated. Deposits must be made with fresh funds, not from existing UOB savings/current/fixed deposit account(s) or via UOB cheques, cashier’s orders, and demand drafts. Promotional interest rates apply only if the deposit is held until maturity. If withdrawn before maturity, no interest will be payable unless UOB decides otherwise (with UOB determining any payable amount). UOB may revise or terminate this promotion (including promotion period, rates, and tenors) at any time without prior notice. Customers should read and accept the full terms and conditions for the 6-month Promotional Interest Rate and 10-month Promotional Interest Rate. This promotion runs from 01 September to 30 September 2025.
With UOB’s revised fixed deposit promotional rates, savers can still enjoy competitive short-term returns, though slightly lower than the previous round. Customers who value certainty and safety may find these offers attractive, while those seeking higher returns should consider comparing across banks before making a decision.
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