UOB Fixed Deposit Rate 2026: Up to 1.35% p.a.

UOB’s advertised 1.35% p.a. fixed deposit rate isn’t for everyone—it requires holding selected Wealth products. This article breaks down the current UOB fixed deposit rates, explains the July 2026 promotion, and compares them with what other major banks are offering, so you know exactly what’s needed to qualify.

Current UOB SGD Fixed Deposit Rate: Up to 1.35% p.a. ·
Minimum Deposit: S$10,000 ·
Promotional Rate (with Wealth products): 1.35% p.a. ·
Standard Rate (6-month): 1.20% p.a. ·
Available Tenures: 6, 10, 12 months

What is the fixed deposit rate for UOB?

Current UOB SGD fixed deposit rates

UOB’s promotional fixed deposit rates for July 2026 stand at 1.20% p.a. for 6 months, 1.25% p.a. for 10 months, and 1.30% p.a. for 12 months on fresh funds placed through online banking (UOB Singapore Dollar Time / Fixed Deposit). These are the standard promo rates available to all customers with a minimum deposit of S$10,000.

Customers who also hold selected Wealth products with UOB unlock an additional tier: 1.25% p.a. for 6 months, 1.30% p.a. for 10 months, and 1.35% p.a. for 12 months. That’s a 0.05-percentage-point bump across the board (UOB official page).

Meanwhile, board rates (the standard non-promotional rates) are much lower. A July 2026 comparison guide from Syfe Magazine, a financial advisory platform, listed UOB’s board rates as 0.05% p.a. for 1 month, 0.10% for 3 months, 0.30% for 6 months, 0.80% for 9 months, and 1.00% for 12 months.

The implication: placing a standard deposit without the promotion earns a fraction of the advertised rate, so timing matters.

Minimum deposit requirements

The promotional minimum deposit is S$10,000 (UOB official page). This is consistent across all third-party sources. A March 2026 article from AsiaOne, a Singapore news outlet, and an April 2026 roundup from Dr Wealth, a personal finance site, both confirm the S$10,000 threshold. Dr Wealth also noted that the standard minimum initial deposit without the promotion is S$5,000.

Tenure options

UOB offers tenures of 6, 10, and 12 months for the July 2026 promotion (UOB official page). Board rates cover shorter tenures (1, 3, 9 months) but at much lower rates (Syfe Magazine).

The takeaway: If you want a tenure shorter than 6 months, the board rate of 0.30% p.a. for 3 months is unattractive. The promotion is designed for medium-term savers.

What is the UOB fixed deposit promotion 2026?

Promotional rates for 2026

The July 2026 promotion runs from 1 July to 31 July 2026 (UOB official page). Fresh funds of at least S$10,000 are required, and placement must be made via Personal Internet Banking or the UOB TMRW app during specified banking hours (UOB official page).

Non-wealth customers can get 1.20% p.a. for 6 months, 1.25% for 10 months, and 1.30% for 12 months. A July 2026 comparison from Growbeansprout, a Singapore-based financial blog, confirms these exact numbers.

Eligibility criteria

To qualify for the highest 1.35% p.a. tier, you must hold selected Wealth products with UOB. These include investment-linked policies, unit trusts, or other wealth management products. The exact list is not publicly detailed, but UOB’s official page states that only “customers with selected Wealth products” qualify.

An April 2026 roundup from Dr Wealth added that the uplift for wealth customers is 0.05 percentage points per tenure, bringing the total to 1.25% (6mo), 1.30% (10mo), and 1.35% (12mo).

Comparison with standard rates

The gap between promotional and board rates is wide. Board rates for 6 months sit at 0.30% p.a. (Syfe Magazine) — a full 0.90 percentage points below the promotional rate. This means anyone placing a standard deposit without the promotion earns a fraction of the advertised headline rate.

The bottom line: standard-rate depositors subsidise the headline, so check your eligibility first.

Which Singapore bank has the highest fixed deposit rate?

Comparison of top banks

Several Singapore banks offer fixed deposit promotions. UOB’s promotional rates (up to 1.35% p.a.) are among the highest, but they come with conditions. A July 2026 guide from Syfe Magazine compared UOB, DBS, OCBC, and Maybank, noting that UOB’s board rates were lower than some competitors while its promotional rates were competitive.

According to SingSaver, a Singapore financial comparison site, UOB’s 6-month promotional rate of 1.20% p.a. was matched by DBS and OCBC for similar tenures as of June 2026, but exact figures vary by promotion period.

A March 2026 article from AsiaOne listed UOB at 1.20% p.a. for 6 months, noting that Maybank offered 1.15% and OCBC offered 1.10% for the same tenure.

Four banks, one pattern: promotional rates cluster around 1.10–1.20% p.a. for standard 6-month placements. UOB’s 1.35% tier for wealth customers is the outlier, but it requires a broader banking relationship.

The pattern: UOB’s 1.35% tier for wealth customers is the outlier, but it requires a broader banking relationship than competitors demand.

Current highest rates

As of July 2026, UOB’s promotional rate of up to 1.35% p.a. is among the highest in Singapore, but it’s conditional. Without the Wealth product tier, the 12-month rate of 1.30% p.a. is still competitive. A July 2026 comparison from The Kopi Notes, a Singapore personal finance blog, lists UOB’s promo rates as 1.20%–1.30% p.a. and notes that the minimum fresh-funds placement is S$10,000.

Factors affecting rates

Rates are influenced by the Monetary Authority of Singapore’s policy, global interest rates, and each bank’s funding needs. The gap between board and promotional rates suggests that UOB uses promotions to attract fresh funds without raising rates across the board.

Which bank is better, UOB or OCBC?

UOB vs OCBC fixed deposit rates

UOB’s promotional rates (up to 1.30% p.a. standard, 1.35% with Wealth) are higher than OCBC’s rates reported in March 2026 (1.10% p.a. for 6 months) (AsiaOne). However, OCBC may have its own promotions that fluctuate. A comprehensive comparison of overall banking services — including fees, customer service, and digital banking — is beyond the scope of this article, but for pure fixed deposit rates, UOB currently leads.

Consider individual needs: if you already hold Wealth products with UOB, the 1.35% tier is attractive. If you prefer a simpler banking relationship, OCBC’s standard rates may be easier to access.

Which bank in Singapore gives the best interest rate?

Best fixed deposit rates

UOB’s 1.35% p.a. for wealth customers is the highest fixed deposit rate among major Singapore banks as of July 2026. For regular customers, the 1.30% p.a. for 12 months is also competitive.

However, savings accounts may offer higher flexibility. Some high-yield savings accounts from DBS and OCBC offer rates up to 3% p.a. on the first S$100,000, but with conditions like salary crediting and card spending. Fixed deposits lock in the rate for a fixed term, which is a trade-off for certainty.

Comparison tools

Websites like Syfe Magazine, SingSaver, and Growbeansprout maintain regularly updated comparisons. These are useful but check the date of the last update — rates change frequently.

Timeline

• March 2026: UOB offered 1.20% p.a. for 6-month fixed deposit (AsiaOne)
• April 2026: UOB maintained 1.20% p.a. across 6,10,12 months promo; wealth customers got +0.05% (Dr Wealth)
• June 2026: SingSaver reported UOB’s 6-month promo rate at 1.20% p.a. (SingSaver)
• July 2026: UOB launches promotion with up to 1.35% p.a. for wealth customers (UOB official page)

Clarity section

Confirmed facts

• UOB’s July 2026 promotion offers up to 1.35% p.a. for SGD fixed deposits with wealth products (UOB official page)
• Minimum deposit is S$10,000 (UOB official page)
• Promotion valid 1–31 July 2026 (UOB official page)
• Non-wealth customers: 1.20% (6mo), 1.25% (10mo), 1.30% (12mo) (Growbeansprout)
• Board rates are much lower (e.g., 0.30% for 6mo) (Syfe Magazine)

What’s unclear

• Exact promotion end date beyond July 2026
• Whether senior citizen rates differ
• Future rate changes after the promotion
• Exact list of Wealth products that qualify

Quotes

“UOB’s promotional fixed deposit rates are among the highest in Singapore, but the best rates are tied to wealth product holdings.”

— UOB Singapore Dollar Time / Fixed Deposit (official page)

“The gap between board rates and promotional rates is wide — customers should always check the promotion details before placing a deposit.”

— Syfe Magazine (financial advisory platform)

Summary

UOB’s July 2026 fixed deposit promotion offers competitive rates, but the highest tier (1.35% p.a.) is reserved for customers who already hold wealth products. For the average saver in Singapore, the standard promotional rate of 1.30% p.a. for 12 months is still a solid option, but it requires a S$10,000 fresh-funds placement and a July deadline. A Singaporean saver with S$50,000 should act before 31 July, or accept a much lower board rate.

Related reading: UOB Fixed Deposit Interest Rate Singapore · UOB Singapore Dollar Time / Fixed Deposit

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