FlexiYield Account

  • flexiyield accountsflexiyield accounts

    Enjoy higher interest rates when you plan ahead for your working capital needs

    Find out more

Overview

The UOB FlexiYield Account is a notice account which gives a higher yield on funds when a 31-day notice is given prior to withdrawals. It is ideal for maximising returns on surplus corporate funds in the interim period leading up to scheduled payment dates.

Important Notice: With effect from 1 October 2021, the account early closure fees for the UOB FlexiYield Account will be revised. Click here for more information.

Features

A minimum first placement of 50,000 units in the chosen currency or such amount, as determined by the Bank from time to time.

Feature Description
Currency Available in SGD and USD
Interest Interest is accrued daily and paid out monthly.
Mode of deposit • MAS Electronic Payment System/Telegraphic Transfer
• Inward cheque
• Over the counter
• Funds transfer within UOB accounts
• Inward GIRO
Initial deposit SGD: S$50,000; USD: US$50,000
Mode of withdrawal • MAS Electronic Payment System/Telegraphic Transfer
• Funds transfer within UOB accounts
Withdrawal condition • A 31-day notice must be given prior to disbursement of funds.
• A penalty will be imposed for early withdrawal where the withdrawal notice period is less than 31 days.
• Notice period commences from the day UOB receives instruction letter.
Early withdrawal penalty* • Penalty is based on higher of $50 or:
- SGD: 0.10% x 31/365 X [withdrawal amount];
- USD: 0.10% x 31/360 X [withdrawal amount];
Minimum average balance SGD: S$8,000; USD: US$1,000
Fall below fee SGD: S$25: USD: US$15
Early closure fee S$50 or equivalent (for closure within 6 months of account opening)
Monthly statement Available

*All rates are effective as of 2 November 2020 and are subject to change.


Note: For Foreign Incorporated Companies, Account Setup Fee of minimum S$500 applies.

Benefits

The UOB FlexiYield Account is designed to complement the existing range of current account and fixed deposit products. It is ideal for maximising returns on surplus corporate funds in the interim period leading to scheduled payment dates. Key benefits of the product include:

percent

Earn attractive interest

Maximise your returns on surplus corporate funds

time

Flexibility

Enjoy flexibility of depositing funds in any amount and at any time

 

Standard Interest Rates

 

All rates quoted are subject to change. Please contact your Relationship Manager for our latest rates.

FlexiYield Account Standard Interest Rates (p.a.)*:

Account Balance Standard Interest Rates (p.a.) SGD Standard Interest Rates (p.a.) USD

All Balances

0.10%

0.10%

*All rates are effective as of 2 November 2020 and are subject to change.

Apply Now

Call Us

phone

Call us at 1800 226 6121
(Mondays – Fridays, 9.00am – 6.30pm, excluding public holidays)

Email Us

email

Email us at TransactionBanking@UOBgroup.com

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Please refer to UOB Insured Deposit Register for a list of UOB accounts / products that are covered under the Scheme.

For more information on the Deposit Insurance Scheme, please click here