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.
Grows with your child
Once your child turns 15, the account can be converted to a regular statements-based savings account.
Earn base interest
In addition to free insurance coverage, you can also earn daily interest on your savings.
Get started with 3 simple steps
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
Here’s a breakdown of coverage you can get
-
Deposit balance tiers (based on average daily balance)
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Coverage amount
| Deposit balance tiers (based on average daily balance) | Coverage amount |
| S$3,000 – S$9,999.99 | 50% |
| S$10,000 – S$49,999.99 | 70% |
| S$50,000 and above | 100% |
| Deposit balance tiers (based on average daily balance) |
| S$3,000 – S$9,999.99 |
| S$10,000 – S$49,999.99 |
| S$50,000 and above |
The free insurance covers the parent / legal guardian till age 65 or when the child turns 17, whichever comes first.
Things you should know
Eligibility and fees
Age
Child: 16 years old and belowThe Junior Savers Account must be opened as a joint account with the parent/legal guardianFall-below Fee
S$2 if average balance for the month is below S$500Min. Initial Deposit
S$500Important notice
Important information on the use of UOB Accounts and Services
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. 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$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Please refer to UOB Insured Deposit Register for a list of UOB accounts/products that are covered under the Scheme.
Make banking simpler with these services
Track your Junior Savers Account on the go
Use UOB TMRW to view, manage and keep track of all your transactions.
Get alerts about your account instantly
Leave the hard work to us! To safeguard your account, UOB Insights will let you know instantly if there are any unusual transactions.
Here’s something else you may like
Lady’s Savings Account
The only savings account that rewards you with more of what you love – earn up to 25X UNI$ (10 miles per S$1) when you pair your Lady’s Savings Account with Lady’s Credit Card. Plus, enjoy free female cancer coverage of up to S$200,000 as you save.
One Account with One Card
Skip to higher interest in just two steps. Get up to 6% 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 20% cashback on daily spends with UOB One Credit Card.
UOB Stash Account
Accumulate even more savings with up to 5% p.a. interest when you maintain or increase your Monthly Average Balance.
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