UOB Fixed Deposit Interest Rates — September 2026 Promotional Rates

UOB updated its promotional fixed deposit rates effective 9 September 2026. These rates apply for the period 9–30 September 2026 and require fresh funds — money not currently in any UOB savings, current, or fixed deposit account.

Source: UOB official website (uob.com.sg), verified 11 September 2026. Promotion valid 09–30 September 2026. Early withdrawal forfeits all interest. Online placements capped at S$999,999 per placement.

Key Conditions for the September 2026 Promotional Rates

• Fresh funds required: Must come from another bank — not from existing UOB savings, current, or FD accounts.
• Individual customers only: Not available for corporate or business accounts.
• Must hold to maturity: Early withdrawal forfeits all interest with no partial credit.
• Online placement timing: Processed Mon–Fri, 9.30am–9.30pm; Sat 8.00am–9.30pm. Instructions outside these hours are queued for the next business day (interest accrual starts from that date).
• Not stackable: Cannot be combined with other UOB privileges or promotions unless stated.

How UOB Fixed Deposit Interest Is Calculated

UOB fixed deposits use simple interest, not compound interest. Interest is calculated on the principal for the full tenor and paid as a lump sum at maturity. There is no monthly compounding.

The Formula

Interest = Principal × (Rate ÷ 100) × (Days ÷ 365)

Worked Examples

Example 1: S$10,000 at 1.55% p.a. for 10 months (~304 days)
Interest = S$10,000 × 0.0155 × (304 ÷ 365) = ~S$129

Example 2: S$50,000 at 1.50% p.a. for 6 months (~182 days)
Interest = S$50,000 × 0.015 × (182 ÷ 365) = ~S$374

Example 3: S$25,000 at 1.55% p.a. for 12 months (365 days)
Interest = S$25,000 × 0.0155 × 1.0 = S$387.50

Approximate figures. UOB calculates interest based on the actual number of days using day count conventions. Interest may be subject to withholding tax (most Singapore resident individuals are not subject to withholding tax on SGD FD interest).

When Is Interest Paid?

Interest is credited to your linked UOB savings or current account on the maturity date. UOB does not offer monthly interest payment on standard SGD fixed deposits. If your FD auto-renews, the interest from the prior period is credited separately while only the principal renews.

UOB Fixed Deposit vs UOB One Account vs Uniplus

Before locking funds in a UOB FD, check whether your money earns more in UOB’s high-yield savings accounts:

Bottom line: If you can meet the UOB One Account’s salary crediting and card spend requirements, its bonus interest tiers far exceed the FD rate. The FD makes sense for earmarked savings where you cannot meet UOB One conditions or want a simple guaranteed rate with no behavioural requirements.

→ Full UOB One Account Review and Rate Guide

Better Alternatives to UOB Fixed Deposits in September 2026

At 1.55% p.a., UOB’s promotional FD rate is significantly lower than what T-bills and SSBs currently offer. Before committing:

Singapore T-Bills (~2.80–3.20% p.a.)

6-month T-bills have been yielding approximately 2.80–3.20% p.a. in 2026 — roughly double the UOB FD rate. Government-backed, at least as safe as a bank deposit. Tradeoff: you bid at auction (cut-off yield is not guaranteed) and funds are locked for 6 months with limited secondary market liquidity.

Singapore Savings Bonds (SSB) (~2.40–2.60% p.a. Year 1)

SSBs currently offer around 2.40–2.60% p.a. in the first year and can be redeemed any month with no penalty (one month’s notice). Government-backed. Apply via your existing UOB, DBS, or OCBC banking app — no auction needed. The best choice if you might need the funds before the tenor ends.

Syfe Cash+ Guaranteed

Syfe offers guaranteed returns through Cash+ Guaranteed. Check the Syfe Cash+ Guaranteed review for current rates and terms. Referral code: SRPRFFFCD.

Endowus Cash Smart

Cash management funds that historically track or beat FD rates. Not guaranteed but competitive. → Endowus Cash Smart Review. Referral code: 2V343.

Honest summary: If maximising guaranteed safe returns is the goal, T-bills and SSBs both beat UOB’s FD rate in September 2026. UOB FD makes sense mainly for the convenience of keeping everything within your existing UOB relationship, or for a specific tenor or amount where the promotional rate is competitive and you do not want to deal with auction processes.

Frequently Asked Questions

What is the UOB fixed deposit interest rate in September 2026?

UOB’s promotional fixed deposit rates for September 2026 (valid 9–30 September 2026) are: 1.50% p.a. for 6-month tenors and 1.55% p.a. for 10-month and 12-month tenors. These require a minimum of S$10,000 in fresh funds and placement via UOB TMRW or Personal Internet Banking. Standard board rates for existing UOB funds are significantly lower — check UOB’s online rates page for the current board rate schedule.

Does UOB require fresh funds for fixed deposits?

Yes — UOB’s promotional fixed deposit rates require fresh funds. The money must come from outside UOB: it cannot be transferred from another UOB savings account, current account, or existing fixed deposit. UOB cheques also do not qualify. You need to transfer money from DBS, OCBC, or any other bank to qualify for the promotional rate. Existing UOB customers can earn interest at the (lower) board rate on existing funds without this restriction.

How is UOB fixed deposit interest calculated?

UOB uses simple interest (not compound interest). The formula is: Interest = Principal x (Rate / 100) x (Days / 365). Interest is paid as a lump sum at maturity. For example, S$10,000 at 1.55% p.a. for 10 months (approximately 304 days) earns about S$129 in total interest.

Can I withdraw my UOB fixed deposit early?

Yes, early withdrawal is permitted, but no interest is payable if you withdraw before the maturity date. This is stricter than banks like MariBank, which credits base interest up to the withdrawal date. If liquidity is a concern, Singapore Savings Bonds are a better option — they can be redeemed any month with no penalty and no loss of accrued interest.

Is a UOB fixed deposit safe?

Yes. Singapore Dollar fixed deposits at UOB are covered under the Singapore Deposit Insurance Corporation (SDIC) scheme, which protects up to S$100,000 per depositor per bank. UOB is one of Singapore’s three local banks and is regulated by MAS. Your principal is secure within the SDIC coverage limit.

Is UOB fixed deposit interest rate the best in Singapore?

Not as of September 2026. UOB’s 1.55% p.a. ranks third among major Singapore banks, behind Standard Chartered (2.00% for Priority Banking customers) and CIMB (1.75%, no fresh funds required). Singapore T-bills (~2.80–3.20% p.a.) and SSBs (~2.40–2.60% p.a. year 1) also offer higher returns, though through different subscription processes.

What happens to my UOB FD at maturity?

By default, UOB fixed deposits automatically renew at the prevailing board rate for the same tenor — not the promotional rate, even if a promotion is active. To update your maturity instructions (change tenor, amount, or switch to credit-to-account), log in to TMRW or PIB before the maturity date and update accordingly.

Can seniors earn a higher UOB fixed deposit interest rate?

UOB offers specific promotional rates for senior citizens in some periods. See the dedicated UOB Fixed Deposit Rate for Senior Citizens guide for the current senior-specific rates and qualifying conditions.