| FAQ - Fixed Deposits |
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| Q1. | What do I need to make a SGD Fixed Deposit placement through UOB Personal Internet Banking? |
| A | You will need to have an existing Time/Fixed Deposit account and statement-based Savings/Current account (Savings, TX, CashPlus, Current, Campus, i-Account, Uniplus Account, FlexiDeposit, Global Currency Account) linked to UOB Personal Internet Banking. |
| Q2. | I do not have an existing Fixed Deposit account. How do I open one through UOB Personal Internet Banking? |
| A | To open a Fixed Deposit account, simply click on Online Applications > Fixed Deposit from the left navigation menu. You will need to have an existing statement-based account (Current, Campus, i-Account, Uniplus Account, FlexiDeposit, Global Currency Account) linked to the UOB Personal Internet Banking to perform this transaction.
You will be notified of the account opening by mail within seven business days. Thereafter, you can proceed to make your Fixed Deposit placement online if you have opted to link the newly-opened account to UOB Personal Internet Banking. |
| Q3. | When can I place Fixed Deposit online? |
| A | You can make a Fixed Deposit placement from 9am – 7pm, Monday to Friday. This service is not available on Saturday, Sunday and Public Holidays. |
| Q4. | What is the minimum placement amount for SGD fixed deposit? |
| A | The minimum placement amount is SGD5,000 for tenors of 1 month and above. |
| Q5. | What are the tenors available for selection? |
| A | For SGD placement, the tenors available are 1 to 12 Months, 18 Months, 24 Months and 36 Months. |
| Q6. | Will I receive an advice after I have made the Fixed Deposit placement? |
| A | Yes, the advice will be mailed to your registered address stated in your Time/Fixed Deposit account. |
| Q7. | What is the daily limit for Fixed Deposit placement via UOB Personal Internet Banking (PIB)? |
| A | The daily limit for SGD/Foreign Currency Fixed Deposit placement is SGD50,000 or its equivalent. |
| Q8. | What are the maturity instructions available for placement via UOB Personal Internet Banking? |
| A | For placements via UOB Personal Internet Banking, you are able to opt for either "Rollover Principal and Interest" or "Rollover Principal and Credit Interest to selected linked deposit account" as your maturity instructions.
The placement will be renewed at the prevailing interest rate for the same tenor as the existing placement. Note that you will not be able to amend the maturity instruction seven calendar days before the maturity date. |
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| Q1. | What do I need to make a foreign currency Fixed Deposit placement through UOB Personal Internet Banking (PIB)? |
| A | You need an existing Time/Fixed Deposit and statement-based Savings/Current account (Savings, TX, CashPlus, Current, Campus, i-Account, Uniplus Account, FlexiDeposit, Global Currency Account) linked to UOB Personal Internet Banking. |
| Q2. | I do not have an existing foreign currency Fixed Deposit account. How do I open one through UOB Personal Internet Banking? |
| A | To open a Fixed Deposit account, simply click on Online Applications > Fixed Deposit from the left navigation menu. You must have an existing statement-based account (Current, Campus, i-Account, Uniplus Account, FlexiDeposit, Global Currency Account) linked to UOB Personal Internet Banking to perform this transaction.
You will be notified of the account opening by mail within seven business days. Thereafter, you can proceed to make your Fixed Deposit placement online if you have opted to link the newly-opened account to UOB Personal Internet Banking. |
| Q3. | When can I place foreign currency Fixed Deposit online? |
| A | You can make a foreign currency Fixed Deposit placement from 9am – 7pm, Monday to Friday. This service is not available on Saturday, Sunday and Public Holidays. |
| Q4. | What is the minimum placement amount for foreign currency Fixed Deposit? |
| A |
The minimum placement amount is dependent on the currency selected.
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| Q5. | What are the tenors available for selection? |
| A | Depending on the currency of the placement, you may check by selecting the "Placement Currency" and view the "Tenor" available for selection from the "Fixed Deposit – Foreign Currency Placement" page. |
| Q6. | Will I receive an advice after I have made the foreign currency Fixed Deposit placement? |
| A | Yes, the advice will be mailed to your registered address stated in your foreign currency Time/Fixed Deposit account. |
| Q7. | What is the daily limit for Fixed Deposit placement via UOB Personal Internet Banking? |
| A | The daily limit for SGD/Foreign Currency Fixed Deposit placement is SGD50,000 or its equivalent. |
| Q8. | What are the maturity instructions available for placement via UOB Personal Internet Banking? |
| A | For placements via UOB Personal Internet Banking, you are able to opt for either "Rollover Principal and Interest" or "Rollover Principal and Credit Interest to selected linked deposit account" as your maturity instructions.
The placement will be renewed at the prevailing interest rate for the same tenor as the existing placement. Note that you will not be able to amend the maturity instruction seven calendar days before the maturity date. |
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| Q1. | What can I do with this feature? |
| A | This feature allows you to make amendments to the maturity instruction of your current and future Fixed Deposit placement.
Note that amendments are allowed only if the placement is performed via UOB Personal Internet Banking or at branches without maturity instructions given. Fixed Deposit placement performed at the branch with maturity instructions given will only be available for viewing. |
| Q2. | What are the changes that I can make to my current placement? |
| A | You may change the interest disposition of your current placement by opting for either "Rollover Principal and Interest" or "Rollover Principal and Credit Interest to selected linked deposit account" as your new maturity instructions.
Note that you will not be able to amend the maturity instruction seven calendar days before the maturity date. |
| Q3. | What are the changes that I can make to my future placement? |
| A | You may change the interest disposition and/or tenor of your future placement. |
| Q4. | Can I withdraw my Fixed Deposit via UOB Personal Internet Banking? |
| A | Fixed Deposit withdrawal is currently not supported online. To withdraw your UOB Fixed Deposit, please visit any UOB Group Branch for assistance.
Please note that two business day's advance notification needs to be provided to the Bank before your Fixed Deposit maturity date for:
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