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RHB Bank Singapore has adjusted its promotional fixed deposit (FD) interest rates, now offering returns of up to 1.5% per annum
These revised rates apply exclusively to placements made through the RHB Mobile SG App.
RHB Bank Singapore has revised its fixed deposit promotional interest rates downward, with changes taking effect from 4 August 2025 (Monday). This move comes shortly after a prior update on 14 July 2025 (Monday), where rates had peaked at 1.7% p.a. The new ceiling now stands at 1.5% p.a., reflecting a more conservative yield environment while maintaining RHB’s digital-first approach.
These rates are exclusively available to customers using the RHB Mobile SG App, underscoring the bank’s strategic emphasis on mobile banking adoption. Amidst evolving economic conditions and rising investor caution, fixed deposits remain a go-to instrument for capital preservation and stable income generation – particularly among risk-averse segments in Singapore.
Minimum Deposit of S$20,000 Applies
To qualify for these promotional rates, customers must place a minimum fixed deposit of S$20,000. This requirement is applicable across both personal and premier banking segments. The bank continues to focus on inclusive deposit thresholds that encourage higher engagement from affluent and mass market consumers alike, while aligning with prevailing banking industry norms.
Updated FD Promo Rates from 4 August 2025
The latest promotional FD interest rates are outlined in the table below:
| Tenure | Personal Banking (p.a.) | Premier Banking (p.a.) | Minimum Placement (S$) |
|---|---|---|---|
| 3-month | 1.40% | 1.50% | 20,000 |
| 6-month | 1.10% | 1.20% | 20,000 |
| 12-month | 1.00% | 1.10% | 20,000 |
While the 12-month option offers a more extended savings horizon, it comes with lower returns compared to shorter tenors. Customers are reminded that these promotional rates are subject to change at the bank’s discretion and may be withdrawn without advance notice.
Terms & Conditions Apply
Interested customers are strongly encouraged to consult the full terms and conditions to ensure complete understanding of placement mechanics, eligibility requirements, and other key factors governing the promotion. Doing so can help avoid misunderstandings and facilitate a smoother application process.
Compare FD Options Across Banks
Although RHB’s revised rates are still among the more attractive in the current market, consumers are advised to conduct a comprehensive comparison before committing funds. Tools like this fixed deposit comparison guide can be instrumental in identifying better-suited alternatives based on personal financial goals, tenor flexibility, and risk tolerance.
To view the full promotional details or to initiate a deposit, customers can visit the official RHB Bank promotional page. All placements under this campaign must be completed through the RHB Mobile SG App.
In summary, while the maximum interest rate has dipped from its previous level of 1.7% to 1.5% p.a., the continued availability of mobile-exclusive fixed deposit promotions from RHB offers a digital-first, stable yield avenue for Singaporean investors seeking dependable short- to medium-term returns.
Conclusion
The revised promotional FD rates from RHB Bank, though less lucrative than previous iterations, still present a secure and accessible investment option – particularly for customers with a preference for digital banking channels. With a minimum placement of S$20,000 and tenors ranging from 3 to 12 months, this offering caters to a wide spectrum of savers in Singapore. As interest rates shift in response to global and local market dynamics, such digital-led campaigns allow consumers to lock in returns while managing liquidity. Potential investors are urged to assess their options holistically before proceeding.
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