UOB Privilege Account Promotion

  • UOB Privilege Account PromotionUOB Privilege Account Promotion

Enjoy preferential rates on your SGD deposits* from now till 30 November 2021.

Open a UOB Privilege Account today and deposit Fresh Funds of S$350,000 or more to earn returns of up to 0.55% p.a.*. Clients with existing UOB Privilege Accounts are also eligible for the promotional interest rates on Fresh Funds of S$200,000 or more deposited.

 

Promotion

 

See how the interest you earn adds up when you deposit Fresh Funds into a new or existing UOB Privilege Account:

Fresh Funds* Total Interest Rate* (p.a.) Interest Amount* (3-month)
S$200,000 0.55% S$274
S$350,000 0.55% S$479
S$1 million 0.55% S$1,371
S$2 million 0.55% S$2,742
S$3 million 0.55% S$4,113^

^S$4,113 is equivalent to earning 0.55% p.a. in interest over a 3-month period with Fresh Funds of S$3 million maintained in the account for the full Promotional Rates Term. The interest amount you earn varies according to the Fresh Funds maintained in the Account and the number of calendar days in the month.

 

Total interest rate applied to Fresh Funds

 

Prevailing Interest Rate (% p.a.) Promotional Rate on Fresh Funds* (% p.a.) Total interest rate applied to Fresh Funds* (% p.a.)
0.05% 0.50% 0.55%

The listed prevailing interest rate is correct as of 2 November 2020 and subject to change without prior notice.

 

To qualify for the promotion, you are required to submit a participation form through your Client Advisor to register your interest. Alternatively, leave us your contact details.

 

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*Full terms and conditions governing the UOB Privilege Account Promotion of 0.55% p.a., 3 Months (1 November 2021 – 30 November 2021) apply and are available here (“Applicable Terms”). Words and expressions used shall have the same meaning as those used in the Applicable Terms. The Applicable Terms may be subject to change without notice or reason.

The Incremental Fresh Funds Balance is calculated on a daily basis as: Each day-end Account Balance less Monthly Average Balance of October 2021. Monthly Average Balance of October 2021 is calculated as: The summation of each day-end Account Balance for October 2021 divided by the number of calendar days of October 2021. Promotional rates are only applicable to the Incremental Fresh Funds Balance in the Account and are calculated on a daily basis for the Promotional Rates Term only. Promotional Rates Terms means in respect of a qualifying Account, for a period of three (3) months from the Participation Date, both dates inclusive. Upon expiry of the Promotional Rates Term, the interest rates shall revert to the Prevailing Interest Rates.

To participate in this Promotion, a participation form MUST be completed and submitted at any UOB branch, strictly on the same day as the first minimum Fresh Funds deposit.

 

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. 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$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.