United Overseas Bank offers Champion structured deposit

News

Singapore-based United Overseas Bank (UOB) has launched the UOB Champion Deposit. The structured deposit, linked to equities, currencies and commodities, guarantees a fixed interest payout of 6.2% at the end of the first year.

This offering follows UOB's previous structured deposit, UOB Vic3 Deposit, launched in June this year. According to the bank, the UOB Champion Deposit is designed to potentially optimise asset allocation by providing depositors with returns based on the best-performing

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