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RHB Bank Singapore has revised its fixed deposit (FD) rates downward for May 2025, with the highest promotional rate now set at 2.1% p.a.
In a fresh update released on 7 May 2025, the bank adjusted its FD interest rates across all tenures, slightly lowering them compared to its April 2025 offering. Despite the reduction, RHB Bank Singapore’s latest promotion continues to attract interest from savers looking for secure, short- to medium-term investment options.
The promotional rates are accessible through the RHB Mobile SG App, offering customers a digital-first approach to growing their savings. With inflation and market volatility top-of-mind for many Singaporeans, fixed deposits remain a stable option for preserving capital.
Minimum Deposit of S$20,000 Applies
To qualify for the promotional rates, customers must place a minimum deposit of S$20,000. This threshold applies equally to both personal and premier banking clients, providing inclusive access to the promotion regardless of banking tier.
New Promotional FD Rates as of 7 May 2025
The revised rates, while modestly lower than last month’s, still offer competitive returns. Customers can refer to the table below for the current interest rates:
| Tenure | Personal Banking (p.a.) | Premier Banking (p.a.) | Minimum Placement (S$) |
|---|---|---|---|
| 3-month | 2.00% | 2.10% | 20,000 |
| 6-month | 2.00% | 2.10% | 20,000 |
| 12-month | 2.00% | 2.10% | 20,000 |
These rates are subject to change at the discretion of RHB Bank Singapore. Interested parties are encouraged to act promptly to enjoy the current promotional yields before they are revised again.
Terms and Conditions Apply
For comprehensive information regarding eligibility, exclusions, and additional stipulations, customers are advised to read the full terms and conditions provided by the bank.
Searching for Better Rates?
Although RHB Bank Singapore remains competitive, customers exploring alternative options may consider browsing the best fixed deposit rates currently available in Singapore. Comparisons across financial institutions can help maximise returns based on individual saving goals and timelines.
To find out more or to make a placement, visit the official RHB Bank Singapore campaign page.
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