• 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 2018 (Updated on 21 Jul 2018)

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

    Fixed Deposit - i
    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
    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 21 Jul 2018)

    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 0.15%
    US DOLLAR 1.30%
    CANADIAN DOLLAR 0.60%
    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 0.20%
    US DOLLAR 1.45%
    CANADIAN DOLLAR 0.75%
    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 0.25%
    US DOLLAR 1.60%
    CANADIAN DOLLAR 0.85%
    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 0.35%
    US DOLLAR 1.70%
    CANADIAN DOLLAR 0.90%
    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 0.50%
    US DOLLAR 1.80%
    CANADIAN DOLLAR 0.95%
    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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