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RHB Bank Singapore has announced a fresh revision of its promotional fixed deposit (FD) rates, effective from 29 Sep 2025, with higher returns for selected tenors 🎉
These special rates are strictly applicable for placements made via the RHB Mobile SG App, underscoring the bank’s ongoing focus on digital adoption among customers in Singapore.
Background of the Rate Changes
This update follows an earlier revision on 4 Aug 2025. While the headline maximum remains unchanged at 1.5% p.a., the latest revision specifically introduces increases of up to 0.2% for the 6-month and 12-month tenors. For investors seeking a safe haven amidst market uncertainty, these adjustments provide a modest but notable boost.
Minimum Deposit Requirement
To enjoy these promotional rates, customers must place a minimum of S$20,000. This applies across both Personal Banking and Premier Banking customers. The entry threshold positions the offer as competitive for both affluent clients and mass-market savers.
Updated FD Promo Rates (from 29 Sep 2025)
| Tenure | Personal Banking (p.a.) | Premier Banking (p.a.) | Minimum Placement (S$) |
|---|---|---|---|
| 3-month | 1.40% | 1.50% | 20,000 |
| 6-month | 1.30% | 1.40% | 20,000 |
| 12-month | 1.10% | 1.15% | 20,000 |
It is noteworthy that the 3-month option delivers the highest return at 1.50% p.a. under Premier Banking, while the 12-month tenure, despite offering a longer savings horizon, pays comparatively less. Customers should carefully match their cash flow needs with tenor flexibility before committing.
Terms & Conditions Apply
All placements are subject to full terms and conditions. Customers are encouraged to review these to understand eligibility, mechanics, and potential restrictions before placement.
Why Consider Fixed Deposits?
- Safety: FD deposits are low-risk instruments, popular among risk-averse investors in Singapore.
- Capital preservation: Ensures protection of principal while still generating interest.
- Predictable returns: A fixed interest rate removes uncertainties linked with market volatility.
Compare with Other Banks
While RHB’s promotion is competitive, savvy savers may still want to compare across banks. Using resources like this fixed deposit comparison guide can help identify offers that better suit one’s personal goals.
How to Apply
All applications must be submitted through the RHB Mobile SG App. Interested parties can also find full details on the official RHB promotional page.
Conclusion
With the latest revision effective 29 Sep 2025, RHB Bank continues to provide competitive options for depositors. While returns are modest compared to more aggressive investment products, the promotional FD campaign is a strong choice for those prioritising safety, guaranteed income, and short-term flexibility. 📈
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