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From 2 Jul 2025, RHB Bank Singapore has revised its fixed deposit (FD) promotional rates, now offering up to 1.9% per annum for select tenors and customer segments.
In a strategic adjustment aimed at maintaining its relevance amid evolving market dynamics, RHB Bank Singapore announced a revision to its short-term fixed deposit promotional interest rates on 2 Jul 2025. The updated rates reflect a decline from its previous promotion on 12 Jun 2025, which had offered rates as high as 2.3% per annum. This change comes as financial institutions continue to navigate inflationary headwinds and an unpredictable global economic climate.
These promotional rates are accessible exclusively through the RHB Mobile SG App, a move aligned with the bank’s emphasis on digital-first banking experiences. With fixed deposits remaining a staple for capital preservation among Singaporeans, the bank continues to attract customers who prioritise security and stable returns over speculative risk.
Minimum Placement of S$20,000 Required
To qualify for the updated rates, customers – both personal and premier banking segments – must place a minimum of S$20,000. This threshold ensures accessibility while still targeting deposits of significant value, reflective of prevailing market practices in Singapore’s banking sector.
Effective Promotional FD Rates from 2 Jul 2025
According to the latest schedule, RHB Bank’s highest promotional rates apply to 3-month and 6-month tenors for premier clients, both offering 1.90% per annum. Personal banking customers will receive slightly lower rates under the same tenors. The revised FD promotional interest rates are detailed below:
| Tenure | Personal Banking (p.a.) | Premier Banking (p.a.) | Minimum Placement (S$) |
|---|---|---|---|
| 3-month | 1.80% | 1.90% | 20,000 |
| 6-month | 1.80% | 1.90% | 20,000 |
| 12-month | 1.60% | 1.70% | 20,000 |
While the 12-month tenor offers a slightly lower return compared to shorter durations, it still remains appealing for those looking to lock in returns over a longer period. Customers should note that these rates are subject to change at RHB’s discretion and may be revised without prior notice.
Review All Terms & Conditions
As with all time deposit offers, customers are encouraged to review the detailed terms and conditions document made available by RHB Bank Singapore. This document outlines eligibility criteria, placement guidelines, and other conditions relevant to the fixed deposit campaign.
Explore Other Fixed Deposit Opportunities
Even as RHB Bank maintains a competitive edge, prospective depositors are encouraged to review the broader market for comparison. Tools such as the comprehensive list of fixed deposit rates across Singapore banks can assist in identifying the most suitable products aligned with individual financial goals and liquidity needs.
Interested parties may also visit the official RHB promotion webpage to obtain more information or to initiate a deposit through the RHB Mobile SG App.
With economic uncertainties looming and interest rate cycles possibly shifting in the months ahead, fixed deposits continue to serve as a prudent financial instrument for many Singaporeans looking to secure predictable returns while preserving principal.
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