| Starts | 1 Aug 2025 (Fri) | Ends | 30 Aug 2025 (Sat) |
|---|---|---|---|
| Location | UOB |
| We are now on Telegram. Click to join |
UOB introduces reduced promotional fixed deposit interest rates for SGD funds effective 1 Aug 2025
United Overseas Bank (UOB) has made a revision in its promotional fixed deposit interest rates for Singapore Dollar (SGD) placements. These updated rates are applicable to placements made between 1 August 2025 (Friday) and 30 August 2025 (Saturday), exclusively using fresh funds. The offer is extended to both new and existing individual customers.
Eligibility Requirements and Fresh Funds Definition
To be eligible for this limited-time promotional offer, customers must deposit fresh funds – defined strictly as monies not presently maintained with UOB. This means any transfers from existing UOB savings, current, or fixed deposit accounts are excluded. Additionally, UOB cheques, cashier’s orders, and demand drafts originating from within the bank do not qualify. Eligible placements can be made digitally through UOB Personal Internet Banking or the UOB TMRW mobile app, allowing users convenient access to participate in the promotion from anywhere.
Revised Fixed Deposit Interest Rates (SGD)
The new promotional fixed deposit rates from 1 August 2025 are as follows:
| Tenor | Minimum Deposit Amount | Promotional Interest Rate (p.a.) |
|---|---|---|
| 6-month | S$10,000 | 1.55% p.a. |
| 10-month | S$10,000 | 1.40% p.a. |
These revised yields apply only to qualifying fresh funds held to maturity. Early withdrawal may forfeit any earned interest unless UOB stipulates otherwise on a discretionary basis.
Comparison with Earlier July 2025 Campaign
When compared to the bank’s earlier fixed deposit promotional rates valid from 9 July 2025, the current top rate of 1.55% p.a. represents a reduction of 0.10 percentage points from the previous peak of 1.65% p.a. This downward adjustment reflects broader market trends, with banks across Singapore recalibrating returns in response to shifting interest rate dynamics.
Alternatives for Yield Seekers
Those seeking potentially more attractive returns may wish to explore options across other local financial institutions. A comprehensive summary of prevailing fixed deposit and time deposit promotions can be found here.
Terms and Conditions Apply
The promotional interest rates listed are current as of 01 August 2025 and are available only to individuals. They cannot be combined with other offers unless specified. Importantly, the interest rate applies solely when the fixed deposit is held until its full term. UOB reserves the right to modify, extend, shorten, or cancel the promotion or change the promotional terms at its discretion without notice. Customers are encouraged to review the official documentation:
This promotional window remains open from 1 August to 30 August 2025, giving depositors a full month to take advantage of the revised interest rates.
Conclusion
While the adjusted rates may reflect a slight decline from earlier levels, UOB continues to offer competitive interest returns on SGD fixed deposits for customers seeking low-risk, short-term savings vehicles. By ensuring fresh funds and locking in deposits via digital banking platforms, customers can still enjoy relatively attractive yields in today’s evolving interest rate environment. As always, prospective participants should weigh their options and consider prevailing rates across institutions before making a decision.
Leave a Reply