UOB Fixed Deposit Promo June 2025 – Rates, Eligibility and Comparisons

United Overseas Bank (UOB) ran a fixed deposit promotion throughout June 2025, though the rates offered shifted notably across two distinct phases. An earlier promotional window from 2-10 June offered up to 2.00% per annum for a 6-month tenure, before rates were adjusted downward to 1.85% per annum for the remainder of the month. Both phases required a minimum fresh funds deposit of S$10,000 from individual customers. The promotion has since expired, with UOB’s current base rates having fallen further to around 1.20-1.25% per annum as of April 2026.

The June 2025 campaign placed UOB among the more competitive providers in Singapore’s fixed deposit market during that period. However, the promotional landscape proved short-lived, with rates across the industry experiencing a downward adjustment through the second half of 2025. Those who locked in funds during the early June window secured the highest available returns from this particular campaign.

Key Details of the June 2025 UOB Promotion

The June 2025 fixed deposit promotion ran across two distinct windows, each offering different rate structures for customers meeting the eligibility criteria.

Interest Rates by Tenure

The promotion offered two tenure options, with rates varying depending on the deposit period selected. For the 6-month tenure, the rate stood at 1.85% per annum during the 11-30 June window, down from 2.00% per annum in the earlier phase. The 10-month option offered 1.60% per annum during the latter half of June, versus 1.70% per annum from 2-10 June. Both rates applied to fresh funds deposits of at least S$10,000 from individual account holders.

Eligibility Requirements

The promotion was available to both new and existing UOB individual account holders, though specific conditions applied. Deposits had to consist of fresh funds, meaning amounts not sourced from existing UOB accounts, cheques, or other internal transfers. Customers needed to place the deposit via UOB Personal Internet Banking or the UOB TMRW App to qualify for the promotional rate. Early withdrawal before maturity resulted in forfeiture of the promotional rate, with interest recalculated at standard terms.

Snapshot of Key Facts

How UOB’s June 2025 Rates Compared to Other Banks

The June 2025 fixed deposit market saw several banks offering promotional rates, positioning UOB against a range of competitors with varying tenures and minimum deposit requirements. Understanding how these offers stacked up against one another helps contextualize the value UOB provided during this period.

RHB Bank Led on Short-Term Tenures

RHB Singapore offered some of the most competitive rates during June 2025, particularly for customers seeking shorter deposit periods. The bank’s Premier customers could access up to 2.10% per annum across 3, 6, and 12-month tenures, while Personal Banking customers received up to 2.00% per annum for the same periods. Both tiers required a minimum deposit of S$20,000 in fresh funds. RHB’s offerings surpassed UOB’s mid-June rates, though the higher minimum deposit requirement limited accessibility for smaller depositors.

OCBC and Hong Leong Finance Offerings

OCBC offered a 9-month tenure at 1.90% per annum with a minimum deposit of S$30,000 in fresh funds. Hong Leong Finance presented rates around 1.83% per annum with more flexible terms, accepting deposits starting from S$500. HSBC matched UOB’s 6-month rate at 1.85% per annum, though the bank did not specify minimum deposit requirements in available promotional materials.

Competitive Positioning

UOB’s early June rate of 2.00% per annum placed the bank alongside RHB at the top of the market for the 6-month tenure. However, the mid-June rate adjustment to 1.85% per annum shifted UOB into a middle tier, behind RHB and level with HSBC. The bank remained competitive for customers preferring UOB’s digital banking platform and brand familiarity, particularly given its lower minimum deposit requirement of S$10,000 compared to RHB’s S$20,000.

UOB Fixed Deposit Promo Timeline

UOB’s fixed deposit promotional rates followed a discernible downward trajectory through 2025, with the June campaign representing a transitional period between higher earlier rates and the lower base rates that followed.

1. Pre-June 2025: UOB promotional rates extended from May, offering up to 2.00% per annum for the 6-month tenure on fresh funds.
2. 2-10 June 2025: Peak promotional window opened with the highest June rate of 2.00% per annum for 6 months and 1.70% per annum for 10 months.
3. 11-30 June 2025: Rate adjustment took effect, reducing the 6-month rate to 1.85% per annum and the 10-month rate to 1.60% per annum. The promotional window closed on 30 June.
4. 1 July 2025: Post-promotion period began with further rate reductions to approximately 1.75% per annum for the 6-month tenure.
5. July-September 2025: Rates continued declining, settling to approximately 1.35-1.75% per annum range depending on tenure and customer profile.
6. April 2026: Current base promotional rate stands at 1.20% per annum for 6, 10, and 12-month tenures on S$10,000 or more in fresh funds, rising to 1.25% per annum for customers with qualifying wealth products.

What Was Confirmed and What Remains Unclear

The June 2025 UOB promotion provided clear details on several fronts, though certain aspects of fixed deposit promotions and their regulatory framework remained less explicitly documented in available sources.

Market Context and Fixed Deposit Rate Trends

The June 2025 UOB promotion operated within a broader fixed deposit market that had already begun its descent from the higher rate environment of 2024. Industry reports indicated that rates throughout 2024 occasionally reached levels of 3-4% per annum for certain tenures and minimum deposit thresholds, a stark contrast to the sub-2% landscape that emerged in 2025.

This decline reflected wider economic conditions, including the Monetary Authority of Singapore’s monetary policy stance and global interest rate movements. As central banks adjusted their positions, Singapore’s banks recalibrated their deposit rates accordingly. The June 2025 promotional window represented one of the final opportunities for depositors to secure rates above 1.80% per annum for standard tenures before the market settled into lower territory.

For depositors comparing options, the promotion highlighted several considerations. UOB’s digital-first approach via internet and mobile banking suited customers comfortable with self-service platforms. The S$10,000 minimum provided accessibility, while the requirement for fresh funds meant that those consolidating deposits from multiple accounts needed to plan their placements carefully. The early withdrawal penalty structure, which removed the promotional rate entirely, reinforced the importance of committing only funds not needed before maturity.

Sources and Official Information

Details on the June 2025 UOB fixed deposit promotion were sourced from promotional materials published on aggregation platforms tracking Singapore banking offers, as well as from the bank’s official website. The following sources provided the foundational information for this report.

The promotion was available from 2-30 June 2025, with rates varying across two distinct windows. Early June offered up to 2.00% per annum for the 6-month tenure, before the rate was adjusted to 1.85% per annum for the remainder of the month.

— SingPromos, “UOB Cuts Fixed Deposit Rates in New June 2025 Promo”

RHB led the market for shorter tenures during June 2025, with Premier customers able to access up to 2.10% per annum across multiple deposit periods. UOB remained competitive for customers seeking a lower minimum deposit threshold.

— AsiaOne, “Best Fixed Deposit Rates Singapore June 2025”

Current base rates and promotional structures are available directly through UOB’s official fixed deposit rate page. Customers are encouraged to verify current offers directly with the bank, as promotional rates change frequently without advance notice.

Summary and Next Steps

The June 2025 UOB fixed deposit promotion offered competitive returns during a window that has since closed. Early June depositors secured the highest available rate of 2.00% per annum for the 6-month tenure, while those who placed deposits mid-month received 1.85% per annum. Both groups benefited from UOB’s relatively accessible S$10,000 minimum deposit requirement and digital application process.

The promotional landscape has since shifted, with UOB’s current base rates hovering around 1.20-1.25% per annum as of April 2026. Those interested in fixed deposit placements should monitor the bank’s official channels for updates on future promotional campaigns. Comparing available offers across multiple banks remains advisable, particularly given the variation in minimum deposits and tenures offered by different institutions.

For context on other fixed deposit options in Singapore, readers may find the ICBC Fixed Deposit Promotion – Current Rates and Eligibility guide useful for additional comparison. Those seeking broader overviews of the current fixed deposit landscape in Singapore can explore related content on this site for a comprehensive view of available options across different banks.

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