UOB Flexi Deposit Account

UOB Flexi Deposit Account

UOB Flexi Deposit Account is a Singapore savings account that provides regular statements for your savings account. UOB Flexi Deposit Account allows you to earn attractive interest rates. With full banking facilities of a transactional savings account, the UOB Flexi Deposit Account provides easy access to your savings account whenever required.

UOB Flexi Deposit Account's website flyer claims that it provides attractive interest rates that are close to Singapore Dollar Time Deposit interest rates. Best of all, UOB Flexi Deposit Account offers flexibility without being locked-in for a fixed tenure.

Other plus points for the UOB Flexi Deposit Account: all-round convenience withthe UOB VISA Electron Card - a debit card that allows you access to your cash at over 780,000 ATMs and to sign for your purchases at over 12 million VISA Electron merchants worldwide.

Account holders of UOB Flexi Deposit Account can access their FlexiDeposit Account through UOB Personal Internet Banking and 24-hour phone banking services.

Access to UniAlerts in the UOB Flexi Deposit Account will alert you on your banking activities via email or mobile phone.

You can also enjoy hassle-free monthly funds transfers to your UOB Flexi Deposit Account from your account with UOB or with other financial institutions. To enjoy this service, simply fill up a GIRO form.

Note the requirements to open UOB Flexi Deposit Account. You need to be at least 21 years old and start with an initial deposit of S$5,000.

How much does UOB Flexi Deposit Account cost? There is a S$2.00 minimum balance fee that will be charged if your average daily balance in the UOB Flexi Deposit Account for the month is less than S$3,000.

The latest and best UOB Flexi Deposit Account interest rates:
Principal / Percent per annum interest rate
First S$15,000 = 0.3500
Next S$85,000 = 0.4500
Next S$200,000 = 0.6500
Above S$300,000 = 0.7500

The interest rates may appear unattractively low when compared to Singapore Fixed Deposits and Singapore Treasury Bills. For peace of mind with your savings in a stable and secure local big three bank in Singapore, this UOB Flexi Deposit Account rates may be palatable for some savings account depositors.

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