UOB FlexiYield Account

UOB FlexiYield Account

Enjoy higher interest rates as you plan ahead for your working capital needs.

Important Notice: With effect from 14 August 2023, the interest rate for the UOB Global FlexiYield Account (USD) has been revised. Click here for the details.

Benefits

Attractive interest

Attractive interest

Maximise your returns on surplus corporate funds.

Greater flexibility

Greater flexibility

Enjoy the flexibility of depositing funds in any amount and at any time.

No maturity dates

No maturity dates

Provide the Bank with 31 calendar days' notice for withdrawal of funds.

Interest Rates

All rates quoted are subject to change. Please contact us/your Relationship Manager for our latest rates.
  • FlexiYield Account
  • Account Balance
  • Standard Interest Rate* (p.a.)
FlexiYield Account Account Balance Standard Interest Rate* (p.a.)
UOB FlexiYield Account (SGD) All Balances 0.10%
UOB Global FlexiYield Account (USD) All Balances 4.85%
FlexiYield Account
UOB FlexiYield Account (SGD)
UOB Global FlexiYield Account (USD)

Rates and fees

A minimum first placement of 50,000 units in the chosen currency or such amount, as determined by the Bank from time to time
  • Feature
  • Description
Feature Description
Currency Available in SGD and USD
Interest Interest is accrued daily and paid out monthly
Mode of deposit
  • MAS Electronic Payment System/Telegraphic Transfer
  • FAST (For SGD. Subject to industry payment limit of SGD200,000)
  • Inward cheque
  • Funds transfer within UOB accounts
  • (For SGD) Inward GIRO
Initial deposit
  • SGD: S$50,000
  • USD: US$50,000
Mode of withdrawal
  • MAS Electronic Payment System / Telegraphic Transfer
  • Funds transfer within UOB accounts
Withdrawal condition
  • A 31 calendar days notice must be given prior to disbursement of funds.
  • A penalty will be imposed for early withdrawal where the withdrawal notice period is less than 31 calendar days.
  • Notice period commences from the day UOB receives instruction letter before cut-off time.
Early withdrawal penalty

Penalty is based on higher of $50 or:

  • SGD: 0.10% x 31/365 X [withdrawal amount]
  • USD: 4.85% x 31/360 x [withdrawal amount]
Minimum average balance
  • SGD: S$8,000
  • USD: US$1,000
Fall below fee
  • SGD: S$25
  • USD: US$15
Early closure fee S$50 or equivalent (for closure within 6 months of account opening)
Monthly statement Available
Feature
Currency
Interest
Mode of deposit
Initial deposit
Mode of withdrawal
Withdrawal condition
Early withdrawal penalty
Minimum average balance
Fall below fee
Early closure fee
Monthly statement

*All rates are effective as of 14 August 2023 and are subject to change.

Note: For Foreign Incorporated Companies, Account Setup Fee of minimum S$500 applies.

Ready to apply?

Ready to apply?

Leave us your details and we will get in touch with you as soon as possible. Alternatively, you may like to reach out to your Relationship Manager.

Frequently asked questions

How do I use Flexiyield Account?
chevron
  • Place surplus funds into the account to earn an attractive interest from the moment they are deposited.
  • Send a withdrawal notice to the bank 31-calendar days prior to when the funds are required.
  • Upon receipt of the withdrawal instruction before cut-off time of 12pm, the bank will disburse the funds 31-calendar days later to the specified beneficiary.
  • Should you require the funds urgently and cannot provide a 31-calendar days notice, a penalty fee will be charged on the amount withdrawn only.
  1. Earn an attractive yield from day one and save on administrative effort
    • Company O accumulates excess funds and periodically places it into fixed deposits. Over time, the company manages multiple fixed deposit tickets each with different maturity dates. In the administration of each ticket, their finance staff will request for rates from the bank and obtain signatures from Company’s authorised signatories. The process is repeated each time a ticket matures.
    • With FlexiYield, Company O is able to reduce administrative effort and also enjoy the convenience of transferring funds into the Flexiyield account anytime to start earning a yield on the balance. An instruction only needs to be given when withdrawals are required.

  2. More flexibility to meet unforeseen cash flow needs when compared to fixed deposits
    • Company P has S$1 million in excess funds and places it into a fixed deposit. Shortly after placing the fixed deposit, the company requires $100,000 to make an urgent and unforeseen payment and needs to break the fixed deposit. As a result the company incurs a breakage cost calculated on the S$1 million.
    • In contrast, if Company P had placed excess funds in FlexiYield, the penalty charged for not meeting the 31 day notice period would be calculated based on the withdrawal of S$100,000 only.

Additional information

Terms & Conditions
chevron

Your bank account should be for your own use and you are responsible for all transactions made through your bank account.


Please click here for the full Advisory from the Singapore Police Force – Warning.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

 

Please refer to UOB Insured Deposit Register for a list of UOB accounts / products that are covered under the Scheme.


 

For more information on the Deposit Insurance Scheme, please click here.

You may also like

Singapore Dollar Time/Fixed Deposit

Singapore Dollar Time/Fixed Deposit

Grow your surplus cash and enjoy competitive interest rates.

    Foreign Currency Time/Fixed Deposit

    Foreign Currency Time/Fixed Deposit

    Manage your multi-currency cash flows while enjoying competitive interest rates.

      Corporate Current Account

      Corporate Current Account

      An everyday account for your business needs.

        We are here to help

        Have questions?

        Have questions?

        Speak with us

        Speak with us

        Visit your nearest branch

        Visit your nearest branch