RHB Bank Fixed Deposit

RHB fixed deposit schemes allow you to place any additional funds you may have lying around into term deposit accounts where you can enjoy higher interest rates than conventional savings accounts to help you maximise returns on your savings. RHB offers 2 different types of fixed deposit accounts: Singapore dollar accounts and foreign currency accounts.

The SGD time deposit account comes with a low initial placement amount of S$1,000 and offers a broad range of tenors from 3 months up to 36 months. The foreign currency deposit account comes with tenures that start at 1 week and go up to 24 months and requires a minimum placement amount of S$5,000 or equivalent. It is available in 10 major foreign currencies. You may invest your savings in RHB fixed deposit schemes and enjoy attractive interest rates of up to 2.5% p.a. on your investment.

RHB Fixed Deposit Interest Rates

The tenures available for this account range from a minimum of 3 months to a maximum of 36 months.

The following table provides the interest rates available for the Singapore dollar fixed deposit account:

Deposit Amount Tenure (% p.a.)
  1 Month 2 Months 3 Months 6 Months 9 Months 12 Months 18 Months 24 Months 36 Months
Upto $49,999 0.200 0.3000 0.3125 0.3750 0.4000 0.4500 0.7500 0.8500 1.0000
$50k to $99,999 0.200 0.3000 0.3500 0.4000 0.4500 0.5000 0.7500 0.8500 1.0000
$100k to $249,999 0.200 0.3000 0.3500 0.4000 0.4500 0.5000 0.7500 0.8500 1.0000
$250k to $499,999 0.200 0.3000 0.3500 0.4000 0.4500 0.5000 0.7500 0.8500 1.0000
$500k to $999,999 0.200 0.3000 0.3500 0.4300 0.5000 0.6000 0.7800 0.8500 1.0000
$1M above 0.200 0.3000 0.3500 0.4300 0.5000 0.6000 0.7800 0.8500 1.0000

Note: Rates are only indicative and are correct as of 21 January 2019.

RHB Foreign Currency FD Interest Rates

The tenures available for this RHB foreign currency term deposit range from a minimum of 1 week to a maximum of 24 months. The minimum placement deposit amount required for this account is S$5,000 or equivalent in the chosen foreign currency.

The following tables provide the interest rates available for the foreign currency fixed deposit account.

Interest rates for deposit amounts of up to 99,999 units of currency:

Currency Interest rate (p.a.)
USD 1.84% to 2.44%
AUD 0.95% to 1.75%
HKD 0.01% to 0.24%
CAD 0.44% to 0.95%
JPY (up to 3 million units) 0%
NZD 1.24% to 1.85%
CHF 0% to 0.01%
EUR 0%
GBP 0.05% to 0.33%
CNY 1.15% to 2.25%

Note: Rates are only indicative and are accurate as of 20 December 2018.

Interest rates for deposit amounts of 100,000 to 499,999 units of currency:

Currency Interest rate (p.a.)
USD 1.86% to 2.46%
AUD 0.97% to 1.77%
HKD 0.01% to 0.25%
CAD 0.46% to 0.97%
JPY (up to 5 million units) 0%
NZD 1.26% to 1.87%
CHF 0% to 0.01%
EUR 0%
GBP 0.05% to 0.35%
CNY 1.25% to 2.35%

Note: Rates are only indicative and are accurate as of 20 December 2018.

Interest rates for deposit amounts of 500,000 to 999,999 units of currency:

Currency Interest rate (p.a.)
USD 1.88% to 2.48%
AUD 0.98% to 1.78%
HKD 0.01% to 0.26%
CAD 0.48% to 0.98%
JPY (above 5 million units) 0%
NZD 1.28% to 1.88%
CHF 0% to 0.02%
EUR 0%
GBP 0.06% to 0.36%
CNY 1.3% to 2.4%

Note: Rates are only indicative and are correct as of 20 December 2018.

Interest rates for deposit amounts of 1 million units of currency and above:

Currency Interest rate (p.a.)
USD 1.9% to 2.5%
AUD 1% to 1.8%
HKD 0.01% to 0.28%
CAD 0.5% to 1%
JPY 0%
NZD 1.3% to 1.9%
CHF 0% to 0.02%
EUR 0%
GBP 0.08% to 0.38%
CNY 1.4% to 2.5%

Note: Rates are only indicative and are correct as of 20 December 2018.

Features and Benefits of RHB Fixed Deposits

RHB fixed deposits come with the following features and benefits:

  • Minimum age requirement of as low as 18 to open an RHB deposit account.
  • Affordable minimum initial deposit amount of S$1,000.
  • Convenient automatic renewal of your term deposit account at the prevailing interest rate upon maturity.
  • Flexible choice of tenors ranging from 1 week to 36 months.
  • Choice of 10 major foreign currency deposit accounts to invest in.

Fixed Deposit Schemes Offered by RHB

Singapore dollar fixed deposit account

The RHB Singapore dollar fixed deposit account is a standard SGD account that offers attractive interest rates ranging from 0.3125% p.a. to 1% p.a. It comes with tenures of 3 months, 6 months, 9 months, 12 months, 18 months, 24 months, and 36 months. You will need a S$1,000 minimum deposit to open this account with RHB. You can look forward to the convenient auto-renewal of your deposit upon maturity with this account. The bank even offers overdraft facilities at affordable rates for when you are strapped for cash. You also have the option of managing all your accounts with ease using 24/7 RHB Now Internet banking.

Foreign currency fixed deposit account

This foreign currency time deposit account offers competitive interest rates of up to 2.5% p.a. for 10 different major currencies. These include: US Dollar (USD), Sterling Pound (GBP), New Zealand Dollar (NZD), Chinese Yuan - Offshore (CNY), Swiss Franc (CHF), Australian Dollar (AUD), Japanese Yen (JPY), Canadian Dollar (CAD), Hong Kong Dollar (HKD), and Euro (EUR). A minimum initial placement deposit amount equivalent to S$5,000 in the respective foreign currency is required to open this account, if you are planning on benefitting from diversifying your portfolio. Flexible tenors of 1 week, 1 month, 2 months, 3 months, 6 months, 9 months, 12 months, and 24 months are available. Additionally, you can take advantage of the automatic renewal feature of this account to get the same tenor at the prevailing interest rate at the time of maturity on your deposited amount.

Eligibility?Criteria to Open a RHB FD Account

  • Minimum age: 18 for SGD fixed deposit account, 21 for foreign currency fixed deposit accounts.
  • Minimum tenor: Starts from 1 week.
  • Maximum tenor: Up to 36 months.
  • Minimum placement amount: S$1,000 for SGD account, or equivalent of $5,000 for foreign currency deposit accounts.

Required Documents:

Singaporeans & PR holders:

  • Original passport or NRIC (must be verified by branch)
  • Residential address proof (if not the same as on NRIC), which can include utility bills, telephone bills, bank statements, etc.

Foreigners:

  • Passport or IC
  • Work permit or Employment Pass
  • Residential address proof (utility bills, bank statements, etc.)
  • Any other supporting documents requested at RHB’s sole discretion

Other Deposit Accounts Offered by the Bank

RHB offers a host of savings and current accounts that you might want to know more about to better manage your money.

Current accounts available with RHB include:

  • TRIO Current Account
  • Premier Plus Current Account
  • Private Wealth SGD Current Account
  • Private Wealth US Dollar Current Account
  • Foreign Currency Call Account

Savings accounts available with RHB include:

  • Junior Banker Savings Account
  • Savings Account
  • High-Yield Savings Account
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