|Deposit Balance Amount||Interest Rates p.a. (wef 1 July 2020)|
|Based onS$100,000||RHB High-YieldSavings Account||Other Bank’sAccount|
|Interest Calculation||First $9,999 @ 0.08% p.a. |
Next $90,001 @ 1.00% p.a.
|$100,000 X 0.05% p.a.|
|Prevailing interestearned at the endof 1 year||$908||$50|
|1||Interest rates are subject to change without notice, prevailing interest is accrued daily and compounded monthly. Other terms and conditions apply.|
|2||For illustration purposes only. The numbers above have been rounded up to the nearest dollar value.|
|3||Average Daily Balance (ADB) is the minimum balance to be maintained in your account to avoid incurring Fall Below Service Fees. Average Daily Balance is the total amount of daily balances in your account divided by the number of days in the month.|
Singaporeans or Singapore Permanent Residents (PR)
|Initial Deposit||Any deposit amount|
|Monthly Minimum Average Account Balance||$500|
|Fall Below Fee||$10|
|Account Closure Fee||S$30 only if account is closed within 6 months of opening|
Singapore Dollar deposits of non-bank depositors are insured by the Singapore Deposit 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.
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
This advertisement has not been reviewed by the Monetary Authority of Singapore.