Junior Savers Account
A unique savings account with complimentary life insurance coverage to give your child the best head start in life.
- Attractive interest rates
- Complimentary UOB ATM Card with NETS and PLUS facilities
- 24/7 access to your Junior Savers Account through UOB Personal Internet Banking and 24-hour phone banking service
- The UOB Junior Savers Account can be converted to a regular statement-based savings account when the child reaches 16 years old at any UOB Group branch.
Peace of mind with FREE insurance coverage* - up to 100% of your deposit balance
- To qualify, you must maintain an average daily balance** of S$3,000 per month over the past six months or since the account is opened, whichever period is shorter
- The Portfolio Insurance cover is paid as a percentage of the average daily balance** in the Junior Savers Account at the point of parent's (ie, Insured) death or total permanent disability
- The insurance covers the insured till age 65 or upon the child reaching 17 years old, whichever comes first
Deposits Balance Tiers (based on average daily balance)** Coverage Amount S$3,000 - S$9,999.99 50% S$10,000 - S$49,999.99 70% S$50,000 & above 100%
Hassle-free monthly funds transfers to your child's Junior Savers Account from your account with UOB or with other financial institutions
- To enjoy this service, please complete the Application for Deposits Transfer (Inter-bank GIRO Collection) Arrangement and mail it back to us
Fees & Requirements
- A S$2 minimum balance fee will be charged if your average daily balance for the month falls below S$500
- For a list of fees applicable, please click here
- Must be opened as a joint account with the parent / legal guardian
- Your child must be 16 years old or below
- Minimum initial deposit of S$500
- Singapore Citizens, Singapore Permanent Residents and Foreigners are eligible
- Please bring your identity card / proof of citizenship (if applicable) and your childâ€™s original birth certificate to any UOB Group Branch.
- Your child need not be present during account opening
Book an appointment online for express account opening#
|Visit any UOB/FEB branch 1800 222 2121|
|# At selected branches only.
Purchase an insurance policy to protect yourself or your child and receive up to S$800 worth of CapitaVouchers*.
*Terms & Conditions Apply.
To find out more, speak to a UOB Personal Banker today.