The UOB Gold Savings Account (GSA) is one of the two types of gold investment account offered by UOB. The other type of account available for investors is called UOB Premier Gold Account (PGA). The main difference between GSA and PGA is the minimum amount of gold you can purchase per transaction. Another key point to highlight for purchasing gold from UOB is the low price difference between buying and selling. This allows investors to make more gains when gold price appreciates.
Benefits:
- Secure, hassle-free investment
- You can invest in gold without the inconvenience of storing and transferring the physical gold, or worry about the security of holding it.
- The account is reflected in your statement.
- Low price spread
- The difference between buying and selling prices is low.
- Conversion to physical gold
- You may convert the gold purchased under Premier Gold Account and Gold Savings Account to physical gold (subject to our approval). A nominal conversion fee will be charged for the conversion.
- Instant liquidity
- You can cash in your investment any time during banking hours.
Rates and Fees:
Premier Gold Account
|
Gold Savings Account
|
|
Minimum Initial Investment
|
1kg
|
20 gm
|
Minimum Subsequent Investment
/ Withdrawal
|
In multiple of 1 kg
|
In multiple of 5 gm
|
Minimum Balance in the
Account
|
1 kg
|
10 gm
|
Fees And Charges
|
An administrative fee of RM2.00
will be charged per month if the balance of the account falls below 1kg at
month end.
|
An administrative fee of RM2.00
will be charged per month if the balance of the account falls below 10gm at
month end.
|
Account Opening Requirement
|
Prior to opening a Gold Investment
Account, the investor is required to maintain either a savings account or
current account in RM to facilitate payment for purchases, collection of
sales proceeds and debiting of fees and charges.
|
|
Contact to inquire about UOB Gold Savings Account
To obtain more information, please visit your nearest UOB Branch or Contact our 24-hour UOB Call Centre Service at:
To obtain more information, please visit your nearest UOB Branch or Contact our 24-hour UOB Call Centre Service at:
Kuala Lumpur +6 03-26128 121 Penang +6 04-2401 121Johor Bahru +6 07-2881 121Kuching +6 082-287 121Kota Kinabalu +6 088-477 121
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