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Junior Savers Account

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A unique savings account with complimentary life insurance coverage to give your child the best headstart in life.

Benefits

  • 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
  • An account that grows with your child

    - The account will be automatically converted to a regular statement-based savings account when your child reaches age 21
  • 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
    Insurance coverage is based on the following deposit balance tiers:

    Deposits Balance Tiers (based on average daily balance)**Coverage Amount
    S$3,000 - S$9,999.9950%
    S$10,000 - S$49,999.9970%
    S$50,000 & above100%

    * Insurance terms and conditions apply.
    ** Average daily balance refers to the average daily balance per month for the past six months or since account opening, whichever period is shorter.
  • 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 Inter-Bank GIRO Collection Standing Order Arrangement Application Form and mail it back to us

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Fees & Requirements

Apply Now

  • Click here to print out the application form & apply now (for Singapore Citizens only)
  • Please bring your identity card / proof of citizenship (if applicable) and your child's original birth certificate
  • Your child need not be present during account opening

More Information

Important information on the use of UOB Accounts and Services



Singapore Dollar deposit(s), as listed in the UOB Register of Insured Deposits (a copy of which is available here), if held by or for an "insured depositor" and subject to the applicable provisions of the Deposit Insurance Act 2005 of Singapore (the "Act"), is insured under the Deposit Insurance Scheme up to the limits for the time being specified in the Act. ("Insured depositor" has the meaning prescribed in the Act.)



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