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RHB Bank Singapore has refreshed its promotional fixed deposit (FD) rates with effect from 18 Mar 2026.
For savers looking for a straightforward place to park spare cash, this round offers up to 1.4% p.a. 🔒 with a minimum placement of S$20,000.
The latest campaign covers three tenors: 3 months, 6 months and 12 months. Premier Banking customers receive a modest uplift over Personal Banking, while the minimum placement stays unchanged across all tenors. Compared with the previous 11 Feb 2026 promotion, the 3-month and 6-month rates are higher 📈.
Promotional FD rates from 18 Mar 2026 📊
Here is a quick look at the current promotional board:
| Tenor | Personal Banking (p.a.) | Premier Banking (p.a.) | Minimum Placement (S$) |
|---|---|---|---|
| 3-month | 1.30% | 1.40% | 20,000 |
| 6-month | 1.30% | 1.40% | 20,000 |
| 12-month | 1.25% | 1.35% | 20,000 |
Minimum deposit and who this may suit 🧭
A minimum of S$20,000 applies per FD placement for both Personal and Premier customers. This structure may suit working adults building a savings buffer, households setting aside cash for known expenses, or savers who prefer rate certainty over market-linked volatility.
Match the tenor to real cash-flow needs. Fixed deposits usually work best for funds not needed for monthly commitments, emergency spending or near-term bills. Holding to maturity remains the cleaner approach for preserving the expected return.
RHB states that there is no premature penalty fee for SGD Fixed Deposits. Still, any interest treatment for early withdrawal remains subject to the bank’s prevailing terms and conditions, so a careful read before placement is sensible.
Key terms worth watching 📝
Standard terms apply, and a closer read of the full Terms and Conditions (PDF) helps prevent surprises.
- Rates may change: Promotional rates may be revised or withdrawn at the bank’s discretion ⏬.
- Renewals: Where eligible auto-renewal instructions apply, promotional rates are stated to follow the prevailing promotional rate on the renewal date for the relevant customer segment.
- Maturity instructions: Confirm whether proceeds will roll over, transfer to a linked account or renew at board rates, so cash remains easy to manage ✅.
How placement works in the RHB Mobile SG app 📱
- New-to-bank customers: Open an RHB current or savings account via RHB Mobile SG, fund the account, then place the FD under the promotion.
- Existing customers: Log in to review the latest FD offers and place or renew eligible deposits in-app.
RHB Premier qualification at a glance 🏦
RHB Premier requires a Total Relationship Balance (TRB) of S$200,000. RHB states that TRB is a combination of eligible individual deposits, investments and/or investment products, so Premier-rate eligibility should be confirmed before placement.
How this may fit a broader savings plan 📌
Compare tenors and deposit sizes before locking funds in. The Singapore fixed deposit rate guide can help with side-by-side benchmarking across banks.
For added flexibility, consider keeping part of the cash in a higher-liquidity savings account or building an FD ladder so different portions mature at different times 🔁. That can make it easier to balance certainty, liquidity and rate chasing without overcommitting all spare cash at one tenor.
Where to check the latest campaign details 🔎
For the full mechanics, eligibility criteria, exclusions and updates, refer to the official RHB promotional page.
This RHB Bank Singapore FD promotion offers a straightforward option for savers with at least S$20,000 who are comfortable setting aside spare cash for the selected tenor.
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