• RHB Bank Fixed Deposit

    About RHB in Singapore

    Headquartered in Malaysia, RHB was established in Singapore in 1961 initially named as UMBC. RHB’s businesses in Singapore fall into five different categories - Corporate Banking, Business Banking, Consumer Banking, Investment Banking and Treasury. RHB offers a wide range of financial products and services such as loans, fixed deposits, credit cards, and more.

    Types of RHB Bank Fixed deposits

    Singapore Dollar Fixed Deposits

    Features

    • Flexible tenor options ranging between 3 months and 36 months.
    • Upon maturity, your Singapore Dollar fixed deposit will be renewed automatically.
    • You’ll have access to overdraft facility at an affordable interest rate.
    • S$1,000 is your minimum placement for a 3-month tenure and above.

    Eligibility

    • You need to be at least 15 years old.
    • You need to either be a Singapore citizen, Permanent Resident, or a foreigner.

    Singapore Dollar Fixed Deposit Rates

    Term/Amount Up to S$49,999 S$50,000 to S$99,999 S$100,000 to S$249,999 S$250,000 to S$499,999 S$500,000 to S$999,999 S$1 Million and above
    1 Month (p.a.) 0.2% 0.2% 0.2% 0.2% 0.2% 0.2%
    2 Months (p.a.) 0.3% 0.3% 0.3% 0.3% 0.3% 0.3%
    3 Months (p.a.) 0.3125% 0.35% 0.35% 0.35% 0.35% 0.35%
    6 Months (p.a.) 0.3750% 0.4% 0.4% 0.4% 0.43% 0.43%
    9 Months (p.a.) 0.4% 0.45% 0.45% 0.45% 0.5% 0.5%
    12 Months (p.a.) 0.45% 0.5% 0.5% 0.5% 0.6% 0.6%
    18 Months (p.a.) 0.75% 0.75% 0.75% 0.75% 0.78% 0.78%
    24 Months (p.a.) 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%
    36 Months (p.a.) 1% 1% 1% 1% 1% 1%

    Note: Rates for tenors 1 and 2 months are applicable only for corporate and commercial customers.

    Foreign Currency Fixed Deposits

    Features

    • Tenor options range between 1 week and 24 months.
    • Your foreign currency fixed deposit will get automatically renewed upon maturity.
    • S$5,000 (or equivalent) is your minimum placement for a 1-week tenure and above.
    • Apart from SGD, you can place a fixed deposit in 10 other foreign currencies.

    Eligibility

    • You need to be at least 21 years old.
    • You need to either be a Singapore citizen, Permanent Resident, or a foreigner.
    Check interest rates for RHB foreign currency fixed deposits.

    Foreign Currency Fixed Deposit Rates

    Currency/Term Deposit Amount - Up to 99,999
    1 Week (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.) 24 Months (p.a.)
    United States Dollar (USD) 0.34% 0.44% 0.54% 0.63% 0.83% 0.88% 1.03% 1.03%
    Australian Dollar (AUD) 0.95% 1.25% 1.35% 1.45% 1.55% 1.65% 1.75% -
    British Pound (GBP) 0.05% 0.09% 0.15% 0.20% 0.25% 0.29% 0.33% -
    Hong Kong Dollar (HKD) 0.01% 0.01% 0.02% 0.04% 0.11% 0.18% 0.24% -
    Canadian Dollar (CAD) 0.19% 0.25% 0.30% 0.40% 0.50% 0.60% 0.70% -
    New Zealand Dollar (NZD) 1.24% 1.60% 1.65% 1.70% 1.75% 1.80% 1.85% -
    Japanese Yen (JPY) Up to 3 Million 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
    Swiss Franc (CHF) 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% -
    Chinese Yuan - Offshore (CNY) - 1.15% 1.55% 1.75% 1.95% - 2.25% -
    Euro (EUR) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
    Currency/Term Deposit Amount - 100,000 to 499,999
    1 Week (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.) 24 Months (p.a.)
    United States Dollar (USD) 0.36% 0.46% 0.56% 0.65% 0.85% 0.90% 1.05% 1.05%
    Australian Dollar (AUD) 0.97% 1.27% 1.37% 1.47% 1.57% 1.67% 1.77% -
    British Pound (GBP) 0.05% 0.11% 0.17% 0.22% 0.27% 0.31% 0.35% -
    Hong Kong Dollar (HKD) 0.01% 0.01% 0.03% 0.05% 0.12% 0.19% 0.25% -
    Canadian Dollar (CAD) 0.21% 0.27% 0.32% 0.42% 0.52% 0.62% 0.72% -
    New Zealand Dollar (NZD) 1.26% 1.62% 1.67% 1.72% 1.77% 1.82% 1.87% -
    Japanese Yen (JPY) Up to 5 Million 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
    Swiss Franc (CHF) 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% -
    Chinese Yuan - Offshore (CNY) - 1.25% 1.65% 1.85% 2.05% - 2.35% -
    Euro (EUR) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
    Currency/Term Deposit Amount - 500,000 - 999,999
    1 Week (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.) 24 Months (p.a.)
    United States Dollar (USD) 0.38% 0.48% 0.58% 0.67% 0.87% 0.92% 1.07% 1.07%
    Australian Dollar (AUD) 0.98% 1.28% 1.38% 1.48% 1.58% 1.68% 1.78% -
    British Pound (GBP) 0.06% 0.12% 0.18% 0.23% 0.28% 0.32% 0.36% -
    Hong Kong Dollar (HKD) 0.01% 0.02% 0.04% 0.06% 0.13% 0.20% 0.26% -
    Canadian Dollar (CAD) 0.23% 0.28% 0.33% 0.43% 0.53% 0.63% 0.73% -
    New Zealand Dollar (NZD) 1.28% 1.63% 1.68% 1.73% 1.78% 1.83% 1.88% -
    Japanese Yen (JPY) > 5 Million 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
    Swiss Franc (CHF) 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% -
    Chinese Yuan - Offshore (CNY) - 1.30% 1.70% 1.90% 2.10% - 2.40% -
    Euro (EUR) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
    Currency/Term Deposit Amount – 1 Million and above
    1 Week (p.a.) 1 Month (p.a.) 2 Months (p.a.) 3 Months (p.a.) 6 Months (p.a.) 9 Months (p.a.) 12 Months (p.a.) 24 Months (p.a.)
    United States Dollar (USD) 0.40% 0.50% 0.60% 0.69% 0.89% 0.94% 1.09% 1.09%
    Australian Dollar (AUD) 1.00% 1.30% 1.40% 1.50% 1.60% 1.70% 1.80% -
    British Pound (GBP) 0.08% 0.14% 0.20% 0.25% 0.30% 0.34% 0.38% -
    Hong Kong Dollar (HKD) 0.01% 0.04% 0.06% 0.08% 0.15% 0.22% 0.28% -
    Canadian Dollar (CAD) 0.25% 0.30% 0.35% 0.45% 0.55% 0.65% 0.75% -
    New Zealand Dollar (NZD) 1.30% 1.65% 1.70% 1.75% 1.80% 1.85% 1.90% -
    Japanese Yen (JPY) > 10 Million 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
    Swiss Franc (CHF) 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% -
    Chinese Yuan - Offshore (CNY) - 1.40% 1.80% 2.00% 2.20% - 2.50% -
    Euro (EUR) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -

    RHB Fixed Deposit - Documents Required

    Singapore citizen or Permanent Residents:

    • Original passport or NRIC

    Foreign individuals:

    • Work permit or employment pass
    • IC or passport
    • Proof of residence - Latest original copy of any bank statement or utility bills
    • Bank may request for more documentation at its discretion

    RHB Fixed Deposit Fees and Charges

    You will not be charged any fee to maintain the account.

    RHB Fixed Deposit Insurance Scheme

    Singapore dollar fixed deposits of non-bank depositors are insured up to S$50,000 by the Singapore Deposit Insurance CorporationForeign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

    Other Products offered by RHB Singapore

    RHB offers personal and business products tailored to meet your specific financial needs. A few of them have been listed below:

    RHB Fixed Deposit FAQS

    Q. How can I apply for a RHB fixed deposit?

    A. You can apply in 2 ways:

    • By visiting your nearest RHB Bank branch.
    • Via internet banking (existing customers only).

    Q. Is overdraft facility available for RHB fixed deposits?

    A. Overdraft facility is available only for the Singapore Dollar fixed deposit account. It is not available for the foreign currency fixed deposits.

    Q. How can I manage my RHB fixed deposit?

    A. You’ll have 24/7 access to your RHB fixed deposit via internet banking.

    Q. Based on what factors my interest rate will be determined?

    A. Interest rate will be based on your deposit amount, currency, and the tenor you opt for.

    Q. What kind of documents can I submit for my address proof verification?

    A. You can submit the following documents which has a mention of your residential address:

    • Bank statement
    • Utility bill
    • Telecommunication bill

    News About RHB Fixed Deposit

    • RHB Fixed Deposit Promotion

      Runtime: This is an ongoing promotional offer and it will continue till 31st March, 2016

      Particulars: This particular promotional offer is for personal accounts or individual accounts only.

      The promotional rates offered by RHB Bank is given in the table below.

      Tenure Placement Amount (Minimum) Special promotional rate (percentage per annum)
      12 months SGD 10000 to less than SGD 50000 1.70 percent per annum
      SGD 50,000 to less than SGD 100,000 1.80 percent per annum
      SGD 100,000 to less than SGD 200,000 1.90 percent per annum
      SGD 200000 and above 1.90 percent per annum plus gift vouchers worth SGD 100
      18 months SGD 10,000 to less than SGD 50000 1.75 percent per annum
      SGD 50,000 to less than SGD 100,000 1.85 percent per annum
      SGD 100,000 to less than SGD 200,000 1.95 percent per annum
      SGD 200,000 and Above 1.95 percent per annum
      24 months SGD 10000 to less than SGD 50000 1.80 percent per annum
      SGD 50,000 to less than SGD 100,000 1.90 percent per annum
      SGD 100,000 to less than SGD 200,000 2.00 percent per annum
      SGD 200,000 and Above 2.00 percent per annum plus gift vouchers worth SGD 300

      The deposit that you make are only fresh funds and excludes all the fund transfers from the existing accounts of RHB bank, RHB cheques, demand draft or cashier’s orders. When the amount matures, the principal amount along with the interest will renew as per the rates that are prevalent.

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