- The minimum age for applying to open an account is 15 years old.
- For age from birth to 15 years, the account "For / By" must be opened only.
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UOB Subsidiaries
UOB Fixed Deposit Account
Fixed deposit account for people of all ages Start saving from the birth!
- The fixed deposit account that can set the deposit period by choosing the deposit term according to the convenience of the customer.
- Individual & juristic person can open. Deposits can be made into multiple accounts.
Benefits of UOB Fixed Deposit Account
Choose the deposit period
according to the convenience of the customer.
Choose to earn interest
monthly or yearly when due.
Convenient
Deposit at any branch comfortably.
UOB Fixed Deposit Account Terms and Conditions
- Open an account with a minimum of 5,000 baht for the general fixed deposit account.
- Deposit 10,000 baht or more for a fixed deposit account, earn monthly interest (each next deposit not less than 10,000 baht).
- Pay interest when the deposit term is due and/or payment of interest according to conditions.
- Interest on the deposit earned by customer is subject to withholding tax as follows.
- Individual 15%
- Non-profit entity 10%
- Juristic person 1%
- Deposit can be made at any branch.
- Upon the due date, customer may opt to transfer the total deposit amount and interest to savings or current account. If the customer does not contact the Bank, the system will continue the deposit with the compounded interest.
- For withdrawal before due and deposit period < 3 months: no interest payment.
- For withdrawal before due and deposit period >= 3 months: current savings interest rate with withholding tax.
- The Bank requires that a fixed deposit account after at least 1 tenor period of that deposit with no deposit-withdrawal-transfer-account closing or passbook updated for more than 24 months consecutively must be considered a dormant account.
- The Bank will give a written notice of the status and deposit balance of the said account for 3 consecutive times. Each time is 1 year apart.
- This deposit is protected by the Deposit Protection Agency in the amount stipulated by law.
Account Opening Terms and Conditions
Applicant Qualifications
Document requirement
- Individual: Copy of ID card
- Minor (under 15 years old): Copy of ID card of father or mother and copy of the minor's birth certificate or copy of house registration specifying the minor's name
Fee
- No fee
UOB Fixed Deposit Account – FAQs
What is a UOB Fixed Deposit Account?
The UOB Fixed Deposit Account is a type of deposit account that allows you to lock in your money for a fixed period while earning guaranteed interest. You can choose a deposit period that suits your needs and enjoy stable returns.
Who is eligible to open a UOB Fixed Deposit Account in Thailand?
• Individuals 15 years old and above can open an account under their name
• For individuals below 15 years of age, the account must be opened under "For/By" only
What is the minimum deposit required for opening a UOB Fixed Deposit Account?
• General Fixed Deposit: Minimum opening amount is THB 5,000.
• Monthly Interest Fixed Deposit: Minimum opening amount is THB 10,000, with subsequent deposits of at least THB 10,000.
What deposit terms are available with UOB Fixed Deposit Account?
You can choose flexible deposit terms from 1, 3, 6, 12 months or longer tenors, depending on your savings goals. Terms and conditions apply.
How are UOB Fixed Deposit interest rates paid?
You can choose between monthly interests or interests paid upon maturity of the fixed deposit. Terms and conditions apply.
Is interest from a UOB Fixed Deposit Account subject to tax?
Yes. 15% withholding tax applies to interest earned for individuals.
Can I withdraw money from my UOB Fixed Deposit before maturity?
Yes, with conditions below:
• For early withdrawal with deposit period less than 3 months, no interest will be paid.
• For early withdrawal with deposit period of 3 months or more, you will get paid inerest per the prevailing savings account rate, subject to 15% withholding tax.
What happens when my UOB Fixed Deposit matures?
At maturity, you can:
• Transfer the principal and interest into your savings or current account, or
• Allow your deposit (principal and interest) to automatically rollover at the prevailing interest rate
Where can I deposit or manage my Fixed Deposit?
You can conveniently deposit or manage your UOB Fixed Deposit Account at any UOB branch in Thailand.
Is my UOB Fixed Deposit Account protected by the Deposit Protection Agency?
Yes. Fixed deposits in Thai baht are protected by Thailand’s Deposit Protection Agency (DPA) in the amount stipulated by law.
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