As of May 2025, UOB has updated its fixed deposit (FD) offerings, aiming to remain competitive amid a shifting interest rate landscape. Whether you’re a seasoned saver or just starting to build your wealth, knowing the UOB fixed deposit rates latest can help you make smarter decisions. The rates vary depending on deposit tenure and amount, but currently range between 2.80% p.a. and 3.35% p.a., with longer tenures typically yielding better returns. These figures reflect current market trends as Singapore continues to manage inflation and economic recovery efforts post-2024.
How to Choose the Best Fixed Deposit Rates in Singapore
Not all FDs are created equal. While UOB is a leading option, comparing it against other banks is essential. Best fixed deposit rates Singapore depend on tenure, deposit size, and promotions. UOB often launches limited-time campaigns offering bonus interest rates for specific amounts or new funds. For instance, in May 2025, customers placing at least S$50,000 for 12 months may receive up to 3.30% p.a. It’s also wise to check for conditions like premature withdrawal penalties or auto-renewal clauses that could impact your overall return.
UOB Saving Tips: How to Get Maximum Value From Your Fixed Deposit
To get the most out of your FD, timing and strategy are key. Here are a few UOB saving tips:
- Opt for promotional rates: UOB periodically offers enhanced rates to attract fresh funds. Keep an eye on their official site or visit a branch to inquire.
- Ladder your deposits: Spread your money across different tenures (e.g., 6, 12, and 18 months) to maintain liquidity while maximizing interest.
- Utilize UOB digital banking: Online-only promos may offer better rates or more convenient terms.
- Reinvest wisely: At maturity, compare new rates instead of auto-renewing at default terms.
UOB Fixed Deposit Rates Table – May 2025
Here’s a snapshot of the UOB fixed deposit rates latest in May 2025:
Deposit Amount (SGD) |
Tenure |
Interest Rate (p.a.) |
|---|---|---|
$10,000 – $49,999 |
6 months |
2.80% |
$50,000 – $99,999 |
12 months |
3.30% |
$100,000 and above |
18 months |
3.35% |
$50,000 (Online Only) |
6 months |
3.10% (Promo Rate) |
These are indicative rates and may vary slightly based on promotional terms or eligibility criteria.
How to Open a UOB Fixed Deposit in Singapore
Opening a UOB fixed deposit is straightforward. Customers can apply online through UOB’s digital banking app or visit a branch. Ensure you have:
- Proof of identity (NRIC or passport)
- Proof of address (utility bill or bank statement)
- A minimum deposit (usually $10,000 for most FDs)
Foreigners must provide additional documents, and NRIC holders may benefit from priority services. Online placements may also allow you to lock in higher rates.
Conclusion: Is a UOB Fixed Deposit Right for You in 2025?
With rising interest rates and economic uncertainties, fixed deposits offer stability. The UOB fixed deposit rates latest present a reliable way to park idle cash while earning predictable returns. Whether you’re maximizing wealth or just securing your savings, UOB’s options are worth a close look. Pair this with smart financial planning and regular rate monitoring to ensure your money works harder for you.
FAQs
What is the minimum amount to open a UOB fixed deposit?
Most fixed deposits require a minimum of SGD 10,000. Some promotions may require higher amounts, especially for longer tenures.
Are UOB fixed deposit interest rates guaranteed?
Yes, once you place your funds, the interest rate is fixed for the duration of the tenure.
Can I withdraw my fixed deposit early?
Yes, but you may lose part or all of the interest earned if you break the deposit before maturity.
Are online fixed deposit rates different from branch rates?
Often, yes. UOB occasionally offers better promotional rates for deposits made through online banking.
How do UOB fixed deposit rates compare with other banks in Singapore?
UOB generally offers competitive rates, especially during promotional periods. However, it’s wise to compare across banks to find the best fixed deposit rates Singapore.
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