UOB Deposit Accounts

Transaction exclusion for UOB One Account with effect from 21 July 2024

With effect from 21 July 2024, transactions with the transaction description “NORWDS*” will be an excluded transaction for the UOB One Account under the Terms and Conditions Governing Accounts and Services, Clause 40.12 (h).

Such transactions will not be considered in the determination of an account holder’s eligibility for bonus interest under their UOB One Account.

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$100,000 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$100,000 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.