|Starts||8 Aug 2016 (Mon)||Ends||22 Jan 2017 (Sun)|
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Earn up to 3.08% p.a. interest with the new RHB High-Yield Savings Account. From 8th August 2016 to 31st January 2017, enjoy bonus interest of 3% p.a. on your first S$10,000.
High-Yield Savings Account
- Initial Deposits: Minimum S$10,000
- Monthly Minimum Average Account Balance: Nil
- Fall Below Fee: Nil
- Account Closure Fee: S$30 only if account is closed within 6 months of opening
Here’s an illustration on how much you will earn when you save S$100,000:
|Deposit Amount (S$)||Prevailing Interest Rates*(p.a.)||RHB High-Yield Savings Account||Another Bank’s Savings Account^|
|Below S$10,000||0.08% p.a.||S$8||Interest Rate at 0.05% p.a.|
|S$10,000 to S$100,000||1.00% p.a.||S$900|
|3% p.a. Bonus Interest(+) Earned||S$146|
|Total Interest Earned at the End of 1 Year||S$1,054||S$50|
|Earn S$1,004 more!|
Terms and Conditions:
- ^ For illustration purposes only.
- * Interest rates are subject to change without notice. Prevailing interest is accrued daily and compounded monthly. For balances below S$10,000 and balances above S$100,000, the base interest rate of 0.08% p.a. will apply.
- +The 3% Bonus Interest promotion is applicable to customers who maintain an average daily balance of S$100,000, and for accounts opened from 8 August 2016 to 31 January 2017. The Bonus Interest will be calculated on a non-accrued, non-compounded and simple interest basis, and shall be paid separately from the prevailing interest. The Bonus Interest will be credited into the Eligible Account by 28 February 2017. Other Terms and Conditions apply.
- Extracted from T&C: For each Relevant Month, Eligible Customers who maintain an ADB (as defined below) above S$100,000 during the campaign period will earn an additional interest (“Bonus Interest”) of 3% p.a. on the first S$10,000 of the Eligible Account
- Individuals (Singaporean & PR) aged 21 years and above
- Foreigners who have valid Employment Pass and Work Permit in Singapore
Earn Without Strings Attached
- No multiple conditions to fulfill
- No monthly minimum balance and fall below fee
- No lock-in period
For more info, click here