| Starts | 20 Aug 2025 (Wed) | Ends | 30 Aug 2025 (Sat) |
|---|---|---|---|
| Location | UOB |
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UOB adjusts promotional fixed deposit interest rates for SGD funds, effective from 20 Aug 2025
United Overseas Bank (UOB) has revised its Singapore Dollar (SGD) promotional fixed deposit interest rates. The changes apply to fresh fund placements made between 20 August 2025 and 30 August 2025. Both new and existing individual customers are eligible, provided deposits are made with qualifying fresh funds.
This represents a reduction of 0.05 percentage points from the earlier promotional rate of 1.55% published on 1 Aug.
Eligibility and Fresh Funds Criteria
To qualify for this promotion, customers must deposit fresh funds. Fresh funds are defined as money not currently held in any UOB account. Transfers from existing UOB savings, current, or fixed deposit accounts, as well as UOB cheques, cashier’s orders, and demand drafts, do not count as fresh funds.
Convenience is offered through digital channels such as UOB Personal Internet Banking and the UOB TMRW mobile app, enabling easy placement of funds anytime, anywhere.
Updated Promotional Fixed Deposit Rates
The promotional rates effective from 20 August 2025 are:
| Tenor | Minimum Deposit Amount | Promotional Interest Rate (p.a.) |
|---|---|---|
| 6-month | S$10,000 | 1.50% p.a. |
| 10-month | S$10,000 | 1.30% p.a. |
The revised interest rates apply only if deposits are held to maturity. Early withdrawal will typically result in forfeiture of interest unless UOB makes an exception at its discretion.
Consider Other Options
Investors looking for higher yields may compare rates across other local banks. For a broader overview of the latest fixed deposit and time deposit promotions available in Singapore, visit this summary page.
Important Terms and Conditions
The promotional rates stated are valid as of 20 Aug 2025. The offer is exclusive to individual customers and cannot be combined with other promotions unless otherwise stated. Deposits must be made with fresh funds only, and interest will be payable only if deposits are maintained until maturity. UOB reserves the right to amend the promotion details, including rates, tenors, or the promotion period, at its discretion without prior notice. Full terms and conditions are available for review: 6-month Promotional Interest Rate, 10-month Promotional Interest Rate. This promotion is valid from 20 Aug to 30 Aug 2025.
Conclusion
UOB’s adjustment of its fixed deposit promotional rates reflects changing market conditions, with yields now topping at 1.50% p.a. for selected tenors. While the returns are modestly reduced, this promotion remains an option for those seeking a safe and stable place to park fresh funds. However, customers are encouraged to review alternatives in the market to maximise their returns during this limited promotion window.
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