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Personal Banking >
Deposits >
Supplementary Retirement Scheme Fixed Deposit
Supplementary Retirement Scheme Fixed Deposit
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Tax efficient way to save for retirement
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A UOB Supplementary Retirement Scheme (SRS) Fixed Deposit is a tax efficient way to save for your retirement.
It allows you to grow your savings while reducing your taxable income at the same time.
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You'll enjoy:
- A wide choice of tenors, ranging from 1 to 12, 18, 24 and 36 months, for Singapore Dollar Fixed Deposits and Foreign Currency Fixed Deposits at competitive interest rates
- Convenient automatic renewal of fixed deposit upon maturity
- One of the lowest minimum placement amount of S$5,000 for Singapore Dollar Fixed Deposits or 5,000 units in the deposit currency (selected currencies) for Foreign Currency Fixed Deposits
- Tax-free interest on your deposit
What are the requirements?
- You must be at least 21 years old
- You must be either a Singapore Citizen, Singapore Permanent Resident or Foreigner and you are not an undischarged bankrupt
- A SRS Account with any approved SRS Operator such as UOB
How much does it cost?
- You do not have to pay any fees to maintain the account
How do I apply?
Important information on the use of UOB accounts and services:
Where can I get more information?
- Call us at 1800 222 2121 (24-hour, toll-free)
- Email us
Singapore Dollar deposit(s), as listed in the UOB Register of Insured Deposits (a copy of which is available here), if held by or for an “insured depositor” and subject to the applicable provisions of the Deposit Insurance Act 2005 of Singapore (the “Act”), is insured under the Deposit Insurance Scheme up to the limits for the time being specified in the Act. (“Insured depositor” has the meaning prescribed in the Act.) |
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