UOB MAXIYIELD

Product Feature

• Minimum Placement*: USD 15,000 or the equivalent value in other currencies. Specifically for Currency Pair of CNH, the minimum is USD 50,000 or equivalent.
• Currency Pairs **: All currencies available in the Bank which are: USD, EUR, GBP, AUD, NZD, CAD, CHF, JPY, SGD, IDR and CNH.
• Term of UOB MaxiYield ranges from 1 week to 1 year.
• UOB MaxiYield placement amount may not be increased before the maturity date. Customer wishing to make re-investment of funds to UOB MaxiYield after Maturity Date shall be treated as a new UOB MaxiYield placement.
• Customer to the extent possible should not withdraw UOB MaxiYield placement prior to maturity date (early termination).
• Customer shall not be allowed to change the currency pair and nominal of UOB MaxiYield placement during the current term of UOB MaxiYield placement.
• Under the regulations of Bank Indonesia, the maximum fund able to be placed by the Customer to UOB MaxiYield shall be the average daily balance for 90 (ninety) calendar days in the same currency placed in Bank UOB Indonesia account including savings, current and term deposit products.

^{*The minimum placement amount is subject to change pursuant to the Bank’s policy
**Choice of currency may vary in accordance with offer and placement of UOB MaxiYield involving IDR shall comply with the prevailing regulations concerning foreign exchange transactions against Rupiah}

Benefits

1. Higher yield compared to deposits.
2. Diversification of savings portfolio in multiple currencies.
3. Fulfill needs of Alternative Currency at a pre-determined price.

Risks

1. Risks arising when Customer makes an early termination resulting in the Customer not entitled to the corresponding MaxiYield interest and Customer shall be imposed with early withdrawal penalty/fee by taking into account the unwind fee of Customer’s position and early termination penalty. Under certain conditions, Customer may receive a value lower than the invested principal amount. As such, withdrawal prior to maturity date is highly not recommended.
2. In the event the Bank selects to exercise its rights, Customer may be exposed to exchange rate risk as the return of principal and interest which will be received upon maturity will be in alternate currency pursuant to the pre-agreed exchange rate and the value may potentially be lower than the initial investment principal if Customer converts back to the base currency.
3. Risks due to any regulatory changes including the amendment to the provisions of the regulations, policies of the Government of Indonesia and/or Otoritas Jasa Keuangan.
4. This product is not covered under the insurance program of Indonesia Deposit Insurance Corporation (LPS).

There is no additional transaction fee for UOB MaxiYield placement.

Illustration on MaxiYield*** Placement 

^{*** any figure, data and information used hereunder is only for illustrative purposes and does not represent the exact proceed which may be received by the Customer and does not explain all possibilities which may arise and affect the proceed from this UOB MaxiYield transaction. Should the Customer have any inquiry or need additional information, the Customer can contact UOB Global Markets Sales or the Bank’s Marketing.}

Possible scenarios which you may have:

Withdrawal/Drawdown Prior to Maturity Date

1. UOB MaxiYield Product is highly not recommended to be withdrawn/drawn down prior to maturity date as Customer is not entitled to the corresponding MaxiYield Interest and there may be fee/penalty to be incurred by calculating the unwind fee of Customer’s position and penalty for early withdrawal which will be calculated by the Bank at the withdrawal date.
2. Customer is required to submit a letter of request to the Bank (free format) to make Withdrawal/Drawdown Prior to the Maturity Date.

Illustrated Calculation

On the 10th day, Customer requests for withdrawal/drawdown prior to the maturity date.

Calculation of fund to be received: