SINGAPORE BANKING GUIDE · SEPTEMBER 2026
UOB Fixed Deposit Rate Singapore (September 2026): Up to 1.40% p.a.
UOB is offering promotional fixed deposit rates of up to 1.40% p.a. for Wealth Customers and up to 1.35% p.a. for regular customers in September 2026 — valid until 30 September 2026. Minimum deposit: S$10,000 in fresh funds.
⚠️ Data verified as at 1 September 2026 from official UOB Terms & Conditions. Rates are subject to change without notice. Always verify directly with UOB before placing a deposit.
What is a UOB Fixed Deposit?
A UOB Fixed Deposit (also called a Time Deposit) is a savings instrument where you lock in a lump sum of money with United Overseas Bank for a fixed period — ranging from 1 month to 60 months — in exchange for a guaranteed interest rate. At the end of the tenure (maturity), UOB returns your principal plus the accrued interest.
Unlike savings accounts where rates can fluctuate, the fixed deposit interest rate is locked in at the time you place the deposit. This makes it ideal for Singaporeans who want capital protection and predictable returns without market risk.
UOB is one of Singapore’s three local banks (alongside DBS and OCBC) and is MAS-regulated. Singapore dollar deposits are protected by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor per institution.
UOB Fixed Deposit Rates — September 2026
UOB currently offers two promotional fixed deposit tenures for September 2026. These rates are for fresh funds only — meaning the money cannot come from an existing UOB current, savings, or fixed deposit account.
September 2026 Promotional Rates (Official)
| Tenure | Regular Customers | Wealth Customers | Min. Deposit |
|---|---|---|---|
| 3 Months (Board Rate) | ~0.10% p.a. | ~0.10% p.a. | S$5,000 |
| 6 Months 🌟 Promo | 1.30% p.a. | 1.35% p.a. | S$10,000 |
| 10 Months 🏆 Best Rate | 1.35% p.a. | 1.40% p.a. | S$10,000 |
Source: UOB Singapore official Terms & Conditions (dated 31 August 2026). Promotional period: 1–30 September 2026.
⚡ Key Condition: Promotional rates apply only to fresh funds — money not transferred from any existing UOB account. The deposit must be held to maturity; early withdrawal forfeits all interest. An early account closure fee of S$30 applies if closed within 6 months.
Board Rate vs Promotional Rate: What’s the Difference?
UOB offers two types of fixed deposit rates:
Board Rate — The standard rate UOB applies across most tenures without any special conditions. For September 2026, this sits around 0.10% p.a. for most tenures (e.g. 3 months). Board rates are generally much lower than promotional rates.
Promotional Rate — A higher, time-limited rate available for specific tenures (currently 6 months and 10 months). The September 2026 promotional rates are significantly better: 1.30%–1.40% p.a. depending on tenure and customer type. These require a minimum of S$10,000 in fresh funds placed during the promotional period (1–30 September 2026).
Practical tip: Always check for UOB’s current promotions before placing a fixed deposit. The difference between the board rate (0.1%) and the promotional rate (1.40%) is enormous — a S$50,000 deposit for 10 months at 1.35% earns S$562.50 in interest, versus just S$41.67 at the board rate.
Interest Earned: S$50,000 at Current Rates
| Tenure | Rate | Interest on S$50,000 |
|---|---|---|
| 3 Months (Board Rate) | 0.10% p.a. | S$12.50 |
| 6 Months (Promo, Regular) | 1.30% p.a. | S$325.00 |
| 10 Months (Promo, Regular) | 1.35% p.a. | S$562.50 |
Calculations are approximate (simple interest). Wealth Customer rates are 0.05% higher per tenure.
How to Open a UOB Fixed Deposit
Opening a UOB fixed deposit is straightforward. Here are your options:
📱 UOB TMRW / Personal Internet Banking
Existing UOB customers can open a fixed deposit 24/7 via UOB TMRW mobile app or Personal Internet Banking. Select “Time/Fixed Deposit” and choose your tenure and amount.
🏦 UOB Branch
Visit any UOB branch islandwide. New customers can also open an account and fixed deposit simultaneously. Bring your NRIC/Passport and proof of address.
Requirements
- Minimum deposit: S$5,000 (board rate) or S$10,000 (promotional rate)
- Must use fresh funds (not from existing UOB accounts) for promotional rates
- Singapore citizens, PRs, and foreigners are eligible
- Joint account holders eligible
- SRS funds are not eligible for promotional rates
⚠️ Auto-Renewal: Upon maturity, UOB will auto-renew your deposit at the prevailing board rate for the same tenure (not the promotional rate). Remember to set maturity instructions if you want to receive your funds.
UOB FD vs Alternatives: Which is Better for You?
Before locking up your money in a UOB fixed deposit, it’s worth comparing alternatives available in Singapore:
| Option | Max Rate (Sep 2026) | Liquidity | Min. Amount |
|---|---|---|---|
| UOB FD (10-month Promo) | 1.40% p.a. | Low (locked in) | S$10,000 |
| UOB One Account | Up to 1.90% p.a.* | High (flexible) | None |
| DBS Fixed Deposit | ~1.30%–1.50% p.a. | Low (locked in) | S$1,000 |
| OCBC Fixed Deposit | ~1.20%–1.45% p.a. | Low (locked in) | S$5,000 |
| Singapore Savings Bond | ~2.00% p.a. (10yr avg.) | Medium (monthly) | S$500 |
*UOB One Account rate of 1.90% p.a. requires S$500+ card spend AND salary credit via GIRO for balances up to S$150,000 (effective Dec 2025). Competitor FD rates are approximate — verify directly with each bank. SSB rates vary by monthly issue.
Our Take
If you already bank with UOB and have S$10,000 in fresh funds sitting idle, the 10-month UOB FD at 1.35%–1.40% p.a. is a solid no-fuss option. However, if you can meet the spend and salary credit requirements, the UOB One Account offers a higher effective rate (up to 1.90% p.a.) with full liquidity — making it the better choice for most regular savers.
Is UOB Fixed Deposit Safe? SDIC Insurance Coverage
Yes — UOB Singapore dollar fixed deposits are among the safest investments available to retail investors in Singapore. Here’s why:
- MAS-Regulated: UOB is regulated by the Monetary Authority of Singapore (MAS) under the Banking Act.
- SDIC Coverage: Singapore dollar deposits are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor per bank by law. This includes fixed deposits, savings, and current accounts in aggregate.
- Systemically Important: UOB is one of Singapore’s three domestic systemically important banks (D-SIBs), subject to higher capital and liquidity standards.
- Not covered: Foreign currency deposits, structured deposits, and dual currency investments are NOT covered by SDIC.
💡 Tip: If your total deposits at UOB (including savings, FD, current account) exceed S$100,000, consider splitting your deposits across different SDIC-member banks to maximise SDIC protection.
Frequently Asked Questions
What is the highest UOB fixed deposit rate in Singapore right now?
As of September 2026, the highest UOB fixed deposit rate is 1.40% p.a. for Wealth Customers on the 10-month promotional tenure. Regular (non-Wealth) customers get 1.35% p.a. on the same tenure. A minimum of S$10,000 in fresh funds is required. The promotion runs from 1 to 30 September 2026.
What counts as 'fresh funds' for the UOB FD promotion?
Fresh funds means money that: (1) comes in the form of a non-UOB cheque, OR (2) is not transferred from any existing UOB current, savings, or fixed deposit account, OR (3) has not been withdrawn from a UOB account and re-deposited. In practice, this means you need to bring in money from another bank (e.g. DBS, OCBC, PayNow from another bank) to qualify for the promotional rate.
What happens if I withdraw my UOB fixed deposit early?
If you withdraw before maturity, you forfeit all interest — the promotional rate will not be paid. Additionally, if you close the SGD FD Account within 6 months of opening, an early account closure fee of S$30 applies. There is no partial withdrawal; you must close the entire fixed deposit.
Does UOB FD auto-renew?
Yes. Upon maturity, UOB will automatically renew your fixed deposit at the prevailing board rate for the same tenure — not the promotional rate. This means your interest rate could drop significantly (from 1.30%–1.40% p.a. to around 0.10% p.a.) after the initial promotional period. Set maturity instructions in UOB TMRW or Personal Internet Banking to avoid this.
Can I use SRS funds for the UOB FD promotion?
No. The UOB September 2026 promotional rates do not apply to deposits made using Supplementary Retirement Scheme (SRS) funds. SRS fixed deposits are placed at the standard board rate. CPF funds are similarly not eligible.
Is the UOB fixed deposit covered by SDIC?
Yes. Singapore dollar fixed deposits at UOB are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor per scheme member, by law. This cap applies across all your Singapore dollar deposit accounts at UOB in aggregate (savings, current, and fixed deposit accounts combined).
How does UOB FD compare to Singapore Savings Bonds?
Singapore Savings Bonds (SSBs) typically offer a higher long-term average yield (~2% p.a. for 10-year holdings) and allow monthly redemption with no penalty. However, the minimum is S$500 and they require a CDP account. UOB FD is simpler (no CDP needed), but locks in your funds with no early withdrawal. For short-term parking of S$10,000+ with no liquidity needs, UOB’s 1.35%–1.40% promotional FD competes well for the 6–10 month window.
The Kopi Notes Verdict
UOB’s September 2026 fixed deposit promotion offers competitive short-term rates: 1.30%–1.35% p.a. for 6 months and 1.35%–1.40% p.a. for 10 months (regular/wealth customers respectively). The 10-month promotional rate is UOB’s headline offer this month and represents solid value if you have fresh funds to park.
That said, if you’re already a UOB customer who can meet the UOB One Account requirements (S$500 monthly card spend + salary credit), the One Account’s up to 1.90% p.a. is still the better deal — with full flexibility. The FD makes more sense for lump sums you won’t need for 6–10 months.
This article is for informational purposes only and does not constitute financial advice. Always read the full Terms & Conditions at uob.com.sg before placing a deposit. Data verified as at 1 September 2026.
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
