Foreign Currency Fixed Deposit

  • foreign-currency-fixed-depositforeign-currency-fixed-deposit

    Enjoy up to 2.50%* on 9-month Foreign Currency Fixed Deposit

     

     

    *T&Cs apply. Insured up to S$50k by SDIC.

Promotion

Watch your spare cash grow with minimal risk and earn competitive interest rates.

Currency of time/fixed deposit of FCFD AccountTenorPromotional Interest Rate* (p.a.)
US Dollar 9-month 2.50%
Australian Dollar 9-month 2.20%

Simply deposit a minimum of $20,000 in fresh funds in your Foreign Currency Fixed Deposit.
This promotion is available from 1 October 2018 to 31 October 2018.

 

*Terms and conditions: The promotional interest rate(s) quoted is/are as at 1 October 2018. This promotion is applicable to individual customers only and is not valid with any other privileges or promotions unless otherwise stated. The fixed deposit must be made with fresh funds and not funds transferred from existing UOB/current/fixed deposit account(s) or UOB cheques, cashier's orders and demand drafts. The principal and interests amounts upon maturity of the time/fixed deposit will be credited to a UOB Global Currency Account / UOB Global Currency Premium Account / UOB MightyFX Account. To qualify for the promotional interest rate(s), fresh funds of not less than $20,000 in the applicable currency must be placed in the applicable foreign currency fixed deposit for the tenor applicable to that promotional interest rate. The promotional interest rate will only apply if the fixed deposit is held to maturity. If the fixed deposit is withdrawn before its maturity, no interest will be payable unless UOB decides otherwise (in which case, the amount of interest payable will be determined by UOB). UOB may change the terms and conditions of this promotion (including the promotion period, promotional interest rate, fixed deposit tenor, or terminate this promotion) at any time without having to provide any reason or prior notice. It is important to read and accept the full terms and conditions that apply to the 9-month Promotional Rate.

Benefits

Higher interest rates

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Flexible tenors

ranging from 1 week to 12 months

One of the lowest

minimum deposit requirements in Singapore

Convenient modes

of making and withdrawing deposits – by cash, cheque or telegraphic transfer

Convenient automatic renewal

of fixed deposit upon maturity

The option to use foreign currency

fixed deposit as collateral for an overdraft in foreign currencies, loan or other credit facilities with the UOB Group

The privileges

of a UOB Credit Card when you pledge your fixed deposit

Fees & Requirements

  • You do not have to pay any fees to maintain the account
  • For non-resident individuals, interest earned is also exempt from tax and estate duty

  • You must be at least 15 years old
  • An introducer is required if a non-resident individual wishes to open an account
  • Minimum placement amount. Please refer to the table below.

    Currency Tenor (1,2, 3, 6 and 12 months)
    US Dollar USD 5,000
    Australian Dollar AUD 5,000
    British Pound GBP 5,000
    Canadian Dollar CAD 5,000
    Euro EUR 5,000
    New Zealand Dollar NZD 5,000
    Swiss Franc CHF 5,000
    Japanese Yen JPY 500,000
    Hong Kong Dollar HKD 200,000

    (Shorter tenors available for higher amounts)

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Online Booking

Book an appointment online for express account opening#

#At selected branches only.

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Via Branches

Via branch

Visit any UOB branch

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More information

Deposit Insurance Scheme

Providing limited compensation to selected eligible deposits

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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$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. 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.