Dear readers, UOB has recently updated its Fixed Interest rates promotion and the promotion will end on 29 Feb 2024.
Let us take a look at the promotional interest rates as follows:
For a minimum amount of $10,000 and for a 6-month tenor, the promotional fixed interest rate is 3% per annum.
For a 10-month tenor:
2.70% per annum interest rate for deposit amount of $10,000 to $49,999 and 2.90% per annum for a deposit of $50,000 and above.
For a 12-month tenor, enjoy 2.90% per annum on a minimum of $10,000 deposit.
For more details, visit UOB Fixed Interest website .
As compared to previous promotional fixed interest rates, the latest fixed interest rates by UOB is an obvious decline. The decline is inevitable since across the board, financial institutions have been tapering their fixed interest rates.
Though the interest rates are reduced, 2.90% to 3% per annum fixed interest rates, reflect the market rates in my opinion and are decent.
For those individuals who believe interest rates will continue to decline, it can be worth to apply for UOB fixed interest rates to continue to grow one’s monies at market but definitely not the best rates (like from the T-bills)!
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