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Singapore

High-Yield Savings Account

Reach your goals by maximising your savings

A savings account that gives you more

Build your savings by earning higher interest rates. No lock-in period, you will have the flexibility to make deposits and withdrawals anytime throughout the year while earning high interests and reaching your financial goals.

Enjoy up to 1% p.a.1 interest on your deposits

Deposit Amount (S$)Interest Rate (% p.a.)1
Below $10,0000.08
S$10,000 to less than S$100,0001.00
$100,000 & above0.08

Earn up to S$8502 more per year on your annual savings compared to an equivalent account at other banking institutions.
(On a deposit of S$100,000)

Based on
S$100,000
RHB High-Yield
Savings Account
Other Bank’s
Account
Interest
Calculation
First $9,999 @ 0.08% p.a.
+
Next $90,001 @ 1.00% p.a.

= $908
$100,000 X 0.05% p.a.
= $50
Prevailing interest
earned at the end
of 1 year
$908$50
No lock-in period
A S$10 fall-below fee will apply if your average daily balance3 for the month falls below S$500
Terms & Conditions
1 Interest rates are subject to change without notice, prevailing interest is accrued daily and compounded monthly. Other terms and conditions apply.
2For illustration purposes only. The numbers above have been rounded up to the nearest dollar value.
3Average 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.
Earn without lock-in period - no strings attached
There is no lock-in period for our high-yield savings account. Maintain an average balance of S$500 and we will waive the S$10 monthly minimum balance fee. That’s an extra cup of coffee or two each month on us!
Unrivalled flexibility with your funds
Spend and save anytime you want throughout the year, without worrying whether your money is locked in. You will still enjoy high interest rates unrivalled by any other accounts in the market.
Access all your banking features on the go
Seamless transactions designed with your convenience in mind. Log into RHB Now Internet Banking and make fast and secure transfers anytime, check your account balances, pay bills and make fixed deposit placements.

Interested? Find out more!

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Eligibility
  • Singaporeans or Singapore Permanent Residents
  • 18 years and above
  • Foreigners with Employment Pass or Work Permit Holders
Documents Required

Singaporeans or Singapore Permanent Residents (PR)

  • Original NRIC or Passport, verified by branch

Foreign individuals

  • Employment Pass or Work Permit
  • IC or Passport
  • Latest original copy of any bank statement, utility or telecommunication bill with residential address (Proof of residential address)
  • Any other documents requested by the Bank at its sole discretion
Fees and Charges
Initial DepositAny deposit amount
Monthly Minimum Average Account Balance$500
Fall Below Fee$10
Account Closure FeeS$30 only if account is closed within 6 months of opening
Deposit Insurance Scheme

Singapore Dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 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