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Junior Banker Account

Secure your child's bright future today

All you need is S$1 to give your child the gift of security

As parents, we know it's never too early to plan ahead for your child and teach him one of life's most important lessons - how to save for rainy days. What better way to do this than getting him his very own RHB Junior Banker Account with high interest rates? Your child will be well on his way to a rewarding future in no time!

Earn up to 0.88% p.a.1 on your deposits

Deposit Amount (S$)Interest Rate (% p.a.)1
First $2,0000.50
Next $18,0000.68
$20,000 and above0.88
Above $500,0000.502
Here's what junior gets
If you teach your child to accumulate his first S$2,000 from pocket money, angpows and piggy bank coins, this will potentially earn him S$10 in interest. Junior will get to enjoy interest rates of up to 0.88% if he saves more than S$20,000. Teach your child the power of accumulating wealth today.

Interest Rate Comparison

Interest Rate1 ComparisonInterest
Earned p.a. (S$)
(Assuming a deposit of S$200K)
RHB Junior Banker Account$1,716.40
Other banks' junior
savings account
(@0.05% p.a.)
Terms & Conditions
1Interest rates are subject to change without notice.
2Capped at S$500,000. For amounts exceeding S$500,000, the base interest rates of 0.50% p.a. apply.
3While stocks last. Terms and conditions apply.

Interested? Find out more!

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  • Children aged 18 years and below with parents aged 21 years and above
Documents Required
  • Original Birth Certificate of Child
  • Parents' NRIC/Passport
Fees and Charges
Monthly Minimum Average Account BalanceNil
Fall Below FeeNil
Account Closure FeeS$30 only if account is closed within 6 months of opening
Lost Passbook ReplacementS$20
Deposit Insurance Scheme

Singapore Dollar deposits of non-bank depositors are insured by the Singapore Deposits Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

MoneySENSE Guide

Before committing to a financial product, you are encouraged to read the ‘Understanding Financial Products’ by The Association of Banks in Singapore and MoneySENSE guide. Learn more