Junior Savers Account

Be protected while you start your little ones on their financial journey.

Enjoy peace of mind while watching your child grow up

Free insurance coverage  Enjoy free coverage of up to 100% of your Junior Savers Account deposit balance. The more you save, the more coverage you get.

Free insurance coverage

Enjoy free coverage of up to 100% of your Junior Savers Account deposit balance. The more you save, the more coverage you get.

Grows with your child

Grows with your child

Once your child turns 15, the account can be converted to a regular statements-based savings account.

Earn base interest

Earn base interest

In addition to free insurance coverage, you can also earn daily interest on your savings.

Get started with 3 simple steps

How’s how to enjoy protection as you save with your child.

1) Open your new account

Make an appointment at any of our branches

2) Start saving

Deposit funds into your child’s account and be protected with free insurance coverage

 3) Save more to get higher coverage

The amount of coverage you get is based on a percentage of the account’s average daily balance

Unlock 1% cash rewards on monthly top-upsNEW! into your child’s Junior Savers Account when you have a Lady’s Savings Account. Simply maintain at least S$10,000 in your account balance to qualify!

Earn 1% cash reward when you top up your child’s Junior Savers Account

 

  • With UOB Lady’s Savings Account, you can earn 1% cash reward on funds deposited into your joint Junior Savers Account with your child every month
  • No min. deposit amount required

Account Balance Cash rewards cap
S$10,000 to $50,000 S$20
S$50,001 to $100,000 S$40
›$100,000 S$60


If you have deposited S$500 into the joint Junior Savers Account with your child in March 2023, your March 2023 top-up must result in a corresponding increase of your Junior Savers Account balance at the end of March 2023 when compared against your Junior Savers Account month-end balance in the previous month (i.e. February 2023). For example:

  • Month-end Junior Savers Account balance on 28 February 2023: S$5,000
  • Minimum Month-end Junior Savers Account balance on 31 March 2023: S$5,000+ S$500 = S$5,500
  • Month-end Lady’s Savings Account balance on 31 March 2023: $20,000

You’ll earn S$5 cash reward (1% of S$500) for your Lady’s Savings Account in March 2023.

If you continue to top up S$500 into your Junior Savers Account every month, you will earn up to S$50 cash reward by 31 December 2023. 

 

Things you should know

Eligibility and fees
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Age
Child: 16 years old and below
The Junior Savers Account must be opened as a joint account with the parent/legal guardian
Fall-below Fee
S$2 if average balance for the month is below S$500
Learn more about account fees and charges.
Min. Initial Deposit
S$500

Important information on the use of UOB Accounts and Services

Terms & Conditions

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$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. 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.

Ready to apply? Visit one of our branches to open your account.

Ready to apply? Visit one of our branches to open your account.

    Make banking simpler with these services

    Track your Junior Savers Account on the go

    Use UOB TMRW to view, manage and keep track of all your transactions.

    Get alerts about your account instantly

    Leave the hard work to us! To safeguard your account, UOB Insights will let you know instantly if there are any unusual transactions.

    Here’s something else you may like

    Lady’s Savings Account

    Earn 1% cash rewardsNEW! on your monthly top-ups into your child’s Junior Savers Account when you have a Lady’s Savings Account. Plus, enjoy complimentary female cancer coverage of up to up to S$200,000 and other exclusive medical and dental benefits.

      One Account with One Card

      Skip to the good part in just two steps. Get up to 7.8% p.a. interest when you spend on an eligible credit card and credit your salary or make 3 GIRO debit transactions monthly. Score up to 15% cashback on daily spends with UOB One Credit Card.

        UOB Stash Account

        Accumulate even more savings with up to 5% p.a. interestNEW! when you maintain or increase your Monthly Average Balance.

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