UOB Fixed Deposit Rate

UOB Fixed Deposit provides competitive interest rates to help you earn more and offers a range of flexible tenures and packages that are protected under PIDM.

UOB Fixed Deposit Profit Rates 2019 (Updated on 24 Jan 2019)

Both the Fixed Deposit-i and Fixed Deposit have similar profit rates which are mentioned in the table below:

Fixed Deposit - i Profit Rates
Tenure (In Months) Rates (% p.a)
1 2.95
2 3.00
3 3.05
4 3.15
5 3.15
6 3.15
7 3.25
8 3.25
9 3.25
10 3.25
11 3.25
12 3.25
Fixed Deposit Rates
Tenure (In Months) Rates (% p.a)
1 2.95
2 3.00
3 3.05
4 3.15
5 3.15
6 3.15
7 3.25
8 3.25
9 3.25
10 3.25
11 3.25
12 3.25

Types of UOB Fixed Deposit

UOB offers fixed deposits schemes under both conventional and Islamic banking. The different types of fixed deposits are mentioned here:

  • Fixed Deposit: This fixed deposit allows you to invest your money with minimal risk.
  • Fixed Deposit-i: This fixed deposit account is Shariah-compliant and is based on the Tawarruq concept. It guarantees your principal and provides fixed returns throughout your tenure of placement.
  • UOB Foreign currency Fixed Deposits: These fixed deposits are offered in a range of currencies such as AUD, USD, GBP, and SGD among others.

UOB Fixed Deposit Interest Rates for foreign currencies (Updated on 24 Jan 2019)

Tenure Currency Rates (% p.a.)
1 month AUSTRALIAN DOLLAR 1.15%
EURO 0.00%
HONG KONG DOLLAR 0.50%
JAPANESE YEN 0.00%
NEW ZEALAND DOLLAR 1.00%
SINGAPORE DOLLAR 0.60%
STERLING POUND 0.25%
US DOLLAR 1.80%
CANADIAN DOLLAR 0.85%
SWISS FRANC 0.00%
CHINESE YUAN RENMINBI 0.50%
   
3 months AUSTRALIAN DOLLAR 1.20%
EURO 0.00%
HONG KONG DOLLAR 0.60%
JAPANESE YEN 0.00%
NEW ZEALAND DOLLAR 1.10%
SINGAPORE DOLLAR 0.65%
STERLING POUND 0.30%
US DOLLAR 1.95%
CANADIAN DOLLAR 0.90%
SWISS FRANC 0.00%
CHINESE YUAN RENMINBI 1.00%
   
6 months AUSTRALIAN DOLLAR 1.30%
EURO 0.00%
HONG KONG DOLLAR 0.70%
JAPANESE YEN 0.00%
NEW ZEALAND DOLLAR 1.25%
SINGAPORE DOLLAR 0.70%
STERLING POUND 0.35%
US DOLLAR 2.10%
CANADIAN DOLLAR 1.10%
SWISS FRANC 0.00%
CHINESE YUAN RENMINBI 1.80%
   
9 months AUSTRALIAN DOLLAR 1.35%
EURO 0.00%
HONG KONG DOLLAR 0.85%
JAPANESE YEN 0.00%
NEW ZEALAND DOLLAR 1.35%
SINGAPORE DOLLAR 0.75%
STERLING POUND 0.45%
US DOLLAR 2.20%
CANADIAN DOLLAR 1.15%
SWISS FRANC 0.00%
CHINESE YUAN RENMINBI 1.85%
   
12 months AUSTRALIAN DOLLAR 1.40%
EURO 0.00%
HONG KONG DOLLAR 1.00%
JAPANESE YEN 0.00%
NEW ZEALAND DOLLAR 1.45%
SINGAPORE DOLLAR 0.95%
STERLING POUND 0.60%
US DOLLAR 2.30%
CANADIAN DOLLAR 1.20%
SWISS FRANC 0.00%
CHINESE YUAN RENMINBI 1.90%

UOB Fixed Deposit Features and Benefits

The following are the features and benefits associated with UOB Fixed Deposit:

  • You can earn more with the available competitive interest rates.
  • Fixed Deposit –i is Shariah-compliant and it allows you to enjoy zero brokerage fee.
  • The UOB Fixed Deposits are PIDM protected.
  • Minimum deposit amount starts from as low as RM500 for a tenure of 2 months or more.

UOB Fixed Deposit Eligibility Criteria

The eligibility criteria for UOB Fixed Deposit are given below:

  • You must be at least 18 years old.
  • You should be a Malaysian citizen.
  • You should have valid passport and Visa or Work Permit if you are a foreigner.

Documents required for UOB Fixed Deposit

You need to produce the following documents when you are going to apply for UOB Fixed Deposit account:

  • A copy of original identity card for Malaysians.
  • A copy of passport for foreigners.
  • A photocopy of your utility bill (water/electricity/telephone bills, bank statement or employer's confirmation letter) to serve as proof of residential address.
  • An employment letter or student permit for foreigners working or studying in Malaysia.

UOB Fixed Deposit for Foreigners

Any non-resident foreigner who is working in Malaysia with a valid work permit can apply for UOB Fixed Deposit.

UOB Fixed Deposit Fees and Charges

The fees and charges associated with UOB Fixed Deposit is mentioned below:

Type of fee Charges
Stamp Duty RM10
Service charge on replacement of lost Fixed Deposit Receipt RM5

How to open a UOB Fixed Deposit Account?

You can either visit the nearest UOB Fixed Deposit branch with your request to open a fixed deposit account or reach out to the bank with a request for the same through its hotline or customer care numbers.

Contact number for UOB Fixed Deposit

You can call the 24-hour UOB Call Centre at:

  • Kuala Lumpur +6 03-26128 121
  • Penang +6 04-2401 121
  • Johor Bahru +6 07-2881 121
  • Kuching +6 082-287 121
  • Kota Kinabalu +6 088-477 121

UOB Fixed Deposit FAQs

Q: Will I be penalized for premature withdrawal of my fixed deposit?

A: Yes there is a penalty for premature withdrawal of your fixed deposit account.

Q: What is the penalty for premature withdrawal of fixed deposit account?

A: If you withdraw your fixed deposit within first 3 months, then you will lose out the interest on your fixed deposit. However, if you withdraw it after completing the first 3 months, then you will earn 50% of interest for the completed months.

Q: Is online application possible for joint accounts?

A: Online Application is not applicable for joint account or trust account application.

Q: What is the minimum initial deposit to open the Fixed Deposit account?

A: The minimum initial deposit is RM5,000 for 1 month period and the minimum initial deposit is RM500 for a period of 2 months or more.

Q: What is the Shariah-compliant underlying asset for Tawarruq arrangement?

A: Crude Palm Oil is the underlying asset for Tawarruq arrangement. 

Other Products offered UOB:

Apart from offering Fixed Deposit,UOB offers other products and services which include:

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