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From 14 July 2025, RHB Bank Singapore has lowered its fixed deposit (FD) promotional rates, now capping returns at 1.7% per annum for selected tenors and customer categories.
In response to shifting macroeconomic factors and heightened market volatility, RHB Bank Singapore has made a downward revision of its fixed deposit promotional interest rates, effective 14 July 2025. This update follows a recent adjustment on 2 July 2025, when the bank had offered rates as high as 1.9% per annum. The recalibrated rates are part of the bank’s ongoing efforts to maintain market competitiveness while adapting to evolving financial conditions both locally and globally.
These promotional FD rates are exclusively accessible via the RHB Mobile SG App, reinforcing the bank’s commitment to a digital-first strategy that caters to the growing segment of mobile-centric consumers. Fixed deposits continue to attract conservative investors in Singapore, especially during periods of economic uncertainty, given their predictable yields and capital preservation qualities.
Minimum Placement Requirement of S$20,000
Eligibility for the promotional rates is contingent on a minimum fixed deposit placement of S$20,000. This requirement applies uniformly to both personal and premier banking customers. By setting this threshold, RHB Bank aims to ensure inclusivity for mass affluent individuals while still encouraging meaningful deposit volumes that align with industry benchmarks.
New Promotional FD Rates Effective 14 July 2025
According to the updated rate schedule, premier banking clients stand to benefit most, receiving 1.70% p.a. for both 3-month and 6-month tenors. Personal banking clients will see slightly lower rates. The revised interest rates are summarised in the table below:
| Tenor | Personal Banking (p.a.) | Premier Banking (p.a.) | Minimum Placement (S$) |
|---|---|---|---|
| 3-month | 1.60% | 1.70% | 20,000 |
| 6-month | 1.60% | 1.70% | 20,000 |
| 12-month | 1.40% | 1.50% | 20,000 |
The 12-month tenor, while offering a lower yield compared to shorter terms, remains a viable option for customers seeking longer-term stability. As with all promotional deposit schemes, these rates may be adjusted at the bank’s discretion and are subject to change without prior notification.
Terms & Conditions Apply
Customers are advised to consult the full terms and conditions document for a detailed understanding of eligibility, placement mechanics, and other important clauses governing the promotion. Familiarising oneself with these guidelines ensures clarity and minimises potential complications during the deposit process.
Compare Market-Wide FD Opportunities
Although RHB Bank continues to offer relatively competitive rates, consumers are encouraged to evaluate the broader fixed deposit landscape. A useful resource is the comprehensive comparison of fixed deposit products across Singapore banks, which assists in identifying options aligned with individual investment preferences, liquidity needs, and time horizons.
To learn more or initiate a fixed deposit placement, users can visit the official RHB promotional page. All placements under this campaign must be made through the RHB Mobile SG App.
Conclusion: Preserving Capital Amid Market Shifts
As global monetary policies continue to shift and inflationary pressures linger, fixed deposits remain a reliable haven for risk-averse investors in Singapore. While the new rates mark a reduction from early July’s offering, they still present a solid option for capital protection with guaranteed returns. Prospective customers should weigh their options, understand terms thoroughly, and make informed decisions that balance risk, return, and liquidity requirements.
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