UOB Fixed Deposit Interest Rate Singapore (July 2026 Guide)

The latest UOB SGD fixed deposit rates, plus how they stack up against GXS, Trust Bank and MariBank for your spare cash.

UOB pays up to 1.30% p.a. on a 12-month Singapore Dollar Fixed Deposit in July 2026, for fresh funds of S$10,000 or more. Its standard board rate, without the promotion, is only 1.00% p.a. Digital banks pay far more for money you can withdraw anytime: MariBank offers up to 2.88% p.a. and Trust Bank up to 2.40% p.a., with no lock-in required.

Not financial advice. All figures are for educational reference only. Data verified as at 23 July 2026 against each bank’s official rate page.

Table of Contents

What Is a UOB Fixed Deposit?

A UOB Singapore Dollar Time/Fixed Deposit is a savings product where you lock up a lump sum for a set tenure — anywhere from 1 month to 36 months — in exchange for a guaranteed interest rate. Unlike a regular savings account, the rate doesn’t change once you’ve placed the deposit.

Here’s the catch. If you withdraw before your fixed deposit matures, you typically lose some or all of the promised interest. UOB’s own promotional terms state it plainly: “if the fixed deposit is withdrawn before its maturity, no interest will be payable.” That makes an FD a poor choice for money you might need in a hurry.

In exchange for that inflexibility, you get certainty. Whatever rate you lock in on day one is what you’ll earn for the full tenure, even if UOB cuts its rates the following month. That’s the trade-off every fixed deposit in Singapore makes — and it’s why comparing FD rates against flexible digital bank accounts matters before you commit your cash.

UOB Fixed Deposit Interest Rates (July 2026)

UOB runs a rotating monthly promotion for fresh funds, on top of its standing board rate. Both apply in July 2026 — which one you get depends on where your money is coming from.

Promotional rate (fresh funds only, minimum S$10,000): This is money that isn’t already sitting in a UOB savings, current, or fixed deposit account. You’ll need to top up from another bank or a new source of cash to qualify.

Source: UOB Singapore Dollar Time/Fixed Deposit rates page, accessed 23 July 2026. Promotion valid 1–31 July 2026 and changes monthly; online placements are capped at S$999,999.

Standard board rate (no promotion, existing UOB funds): If your money is already with UOB, or you don’t meet the S$10,000 fresh funds threshold, you’ll earn UOB’s regular board rate instead — and it’s a lot lower.

Source: UOB Singapore Dollar Time/Fixed Deposit Board Rates, accessed 23 July 2026. Rates are indicative and subject to change without notice.

So the gap between UOB’s promo rate and its board rate is real: at 12 months, fresh funds earn 1.30% p.a. while existing funds earn just 1.00% p.a. — a 30% difference in return for doing nothing more than sourcing the cash from outside UOB.

UOB FD vs GXS, Trust Bank & MariBank

Here’s where it gets interesting for Singapore savers. Digital banks don’t ask you to lock your money away for months. Most credit interest daily or monthly, and you can withdraw anytime without losing what you’ve already earned. As at July 2026, several of them pay noticeably more than even UOB’s best fixed deposit promo.

Source: UOB, GXS Bank, Trust Bank and MariBank official rate pages, accessed 23 July 2026. Digital bank rates are promotional and can change monthly — always check the app for the live rate.

Let’s put real numbers on that. If you had S$20,000 sitting around and parked it in each of these for a year, here’s roughly what you’d earn — assuming simple interest and no rate changes along the way.

Illustrative calculation: rate × S$20,000, simple interest, no compounding. For education only — actual returns depend on how conditions are met and whether rates change during the period.

That’s a S$376 gap between UOB’s standard FD board rate and MariBank’s savings account, on the same S$20,000, over the same year — without giving up access to your money. However, remember that Trust Bank’s 2.40% top rate isn’t automatic. You need to hit at least three bonus conditions every month, such as crediting your salary or spending on your Trust card, or you’ll fall back closer to the 0.05% base rate.

How to Open a UOB Fixed Deposit in Singapore (Step-by-Step)

If you’ve decided a fixed deposit still suits your needs — say, you have a lump sum you genuinely won’t touch for a year — here’s how to place one with UOB.

If you’re already a UOB customer: log in to UOB Personal Internet Banking or the UOB TMRW app, go to Save, then Fixed Deposits. Select “Singapore Dollar Time/Fixed Deposit,” choose your tenor, and enter the amount. To qualify for the July 2026 promo rate, the funds must be fresh — not simply moved from an existing UOB savings or current account. Confirm the placement and your funds are locked until maturity.

If you’re not a UOB customer: you’ll need to open a UOB account first, either online via the UOB TMRW app or at a branch. Once your account is active, fund it with a transfer from another bank via PayNow or FAST, then follow the same fixed deposit placement steps above. Online placements are capped at S$999,999 per transaction.

One thing worth double-checking before you commit: UOB’s promotional rates are refreshed monthly and can be pulled or changed without notice, so the 1.20%–1.30% p.a. window quoted here applies specifically to July 2026. Always confirm the live rate in the app before placing your funds.

Fixed Deposit or Digital Bank — Which Should You Choose?

A UOB fixed deposit makes sense if you have at least S$10,000 in fresh funds, you’re confident you won’t need that cash for the full tenure, and you want a rate that’s guaranteed regardless of what happens to interest rates afterward. It also suits UOB Wealth clients, who get a small rate bump on top of the standard promo.

A digital bank savings account makes more sense if you value flexibility over certainty, or if your rainy-day fund needs to stay liquid. MariBank’s savings account currently pays the highest rate of the three with zero conditions attached — no minimum balance, no salary crediting, no card spend required. Trust Bank can match or beat that if you’re willing to actively manage a few bonus conditions each month, and GXS Bank’s Boost Pocket sits in between — a locked tenure like an FD, but at a friendlier 1.60% p.a. and a much lower entry point than UOB’s S$10,000 minimum.

For a deeper side-by-side on fees, account limits and which app is easiest to use day-to-day, see our GXS vs Trust Bank vs MariBank comparison. And if you want the full mechanics of how fixed deposits work as an asset class, our fixed deposit Singapore glossary entry covers the basics in plain English.

Not financial advice. Interest rates and promotions change frequently — always verify the current rate directly with the bank before making a deposit.

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