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Currency-linked Investment

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In UOB, our currency-linked investment is known as MaxiYield. MaxiYield is a dual currency-linked investment that gives you the potential to enhance your yield, based on your outlook of the movements between two major currencies of your choice.

At a Glance

MaxiYield is a Dual Currency Investment. It offers you:

  • Yields that are potentially higher than normal fixed deposits
  • An opportunity to capitalise on foreign exchange movements
  • The freedom to choose your currency pairs from a wide range of foreign currencies:
    Australian Dollar, Canadian Dollar, Euro, British Pound, Japanese Yen, New Zealand Dollar, Singapore Dollar, Swiss Franc, US Dollar

Is UOB MaxiYield for you?

UOB MaxiYield may be an investment for you if:

  • You are indifferent to holding two or more currencies, or
  • You wish to hold on to a particular currency that is weakening.  You would like to earn a much higher interest and you want a good chance of receiving your money back in the same currency, or
  • You foresee the exchange rate between the two currencies you have to be stable and would like to earn a higher interest.

Illustration*

Step 1Place your principal in a base currency of your choice. Choose from a widerange of foreign currencies: Australian Dollar, Canadian Dollar, Euro, British Pound, Japanese Yen, New Zealand Dollar, Singapore Dollar, Swiss Franc, US DollarUSD 100,000
Step 2Choose the second currency as your alternate currency.Australian Dollar
Step 3Decide the tenure of your investment. The minimum tenor is 2 weeks.1 month (30 days)
Step 4Select the preferred exchange rate between the Base Currency and Alternate Currency at a pre-determined exchange rate.0.7280 (i.e. AUD 1 is worth USD0.7280)
Step 5Accept the Enhanced Yield# for this investment.12% p.a.

* The above illustration is for information only, and does not constitute any recommendation that a person enter into any transaction described or any similar transaction. Neither does it constitute any prediction of likely or future movements in currency exchange rates or any representation that any such future movements will not exceed those shown in the illustration.

# The Enhanced Yield, which is also the effective yield, is indicative and is used only for illustration purposes and thus subjected to changes.

Rates &
Requirements

  • Only a minimum investment of SGD50,000 is required for MaxiYield.

Apply Now

For more information please speak to your Privilege Banking Relationship Manager or call the Privilege Banking hotline at 1800 355 1118.

More Information

By investing in MaxiYield, you are giving UOB the right to repay at a future date in an alternate currency that is different from the currency in which your initial investment was made, regardless of whether you wish to be repaid in this currency at that time.

MaxiYield investments are subject to foreign exchange fluctuations which may affect the return of your investment.

Exchange controls may also be applicable to the currencies your investment is linked to.

You may incur a loss on your principal sum in comparison with the base amount initially invested.

In the worst case scenario, a substantial decline in the alternate currency relative to the base currency could result in a total loss of the original investment amount and yield.

You may wish to seek advice from a licensed or an exempt financial adviser before making a commitment to invest in MaxiYield.

In the event that you choose not to seek advice from a licensed or exempt financial adviser, you should carefully consider whether MaxiYield is suitable for you in the light of your objectives, needs and financial situation.

This product is not a deposit and is not covered under the Singapore Government's guarantee on all Singapore Dollar and foreign currency deposits of individuals and non-bank customers in banks, finance companies and merchant banks licensed by the MAS (which is in effect until 31 December 2010).
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