Welcoming the Season of Higher Interest Rates

From 1 December 2022, prevailing interest rates for the High Yield Savings Plus Account and Premier Plus Account have been increased across all tiers. That means all existing balance in your account will enjoy higher interest automatically, with no underlying criteria!
For a merrier deal, top up your account with fresh funds from 1 December 2022 to 28 February 2023 to get an additional boost of 3.5% p.a. bonus interest on your monthly incremental Average Daily Balance (ADB)*. Earn up to 7.0% p.a. with the Premier Plus Account or up to 5.5% p.a. with the High Yield Savings Plus Account.

 

*ADB is defined as the total sum of account daily balance divided by the number of days in the month

 

High Yield Savings Plus Account

Deposit Balance Amount

Prevailing Interest Rates

Bonus Interest

Total Interest

First S$50,000

1.50% p.a.

+ 3.5% p.a.

on your monthly incremental average daily balance

5.00% p.a.

Next S$25,000

1.60% p.a.

5.10% p.a.

Next S$25,000

1.80% p.a.

5.30% p.a.

Above S$100,000

2.00% p.a.

5.50% p.a.

Premier Plus Account

Deposit Balance Amount

Prevailing Interest Rates

Bonus Interest

Total Interest

First S$200,000

2.00% p.a.

+ 3.5% p.a.

on your monthly incremental average daily balance

5.50% p.a.

Next S$300,000

3.00% p.a.

6.50% p.a.

Next S$500,000

3.50% p.a.

7.00% p.a.

Above S$1,000,000

2.00% p.a.

5.50% p.a.

 

For customers who open a new account during the campaign month, the average daily balance for the previous month will be recognised as S$0, which means that all funds deposited in the account opening month will be eligible for 3.5% bonus interest. Using Premier Plus Account as an example, here's how it works for an account that is opened on 1 December:

Date

End Day Balances

Average Daily Balance
(sum of all end day balances / no. of days in the mth)

Incremental
 Average Daily Balance
(current mth ADB - previous mth ADB) 

Interest Earned
(S$)

01 Nov to 30 Nov

0

0

NA

Prevailing interest: 0

Total Interest Earned (Nov)

S$0

01 Dec to 31 Dec

200,000

200,000

200,000

Prevailing interest: 200k x 2% / 365 days x 31 days = 339.73

Bonus interest: 200,000 x 3.5% / 365 days x 31 days = 594.52

Total Interest Earned (Dec)

S$934.25

01 Jan to 20 Jan

200,000

483,870.97

283,870.97

Prevailing interest: 200k x 2% / 365 days x 20 days = 219.18

21 Jan to 31 Jan

1,000,000

Prevailing interest: {(200k x 2%) + (300k x 3%) + (500k x 3.5%)} / 365 days x 11 days = 919.18

Bonus interest: 283,870.97 x 3.5% / 365 days x 31 days = 843.84

Total Interest Earned (Jan)

S$1,982.20

01 Feb to 28 Feb

300,000

300,000

No incremental

Prevailing interest: {(200k x 2%) + (100k x 3%)}/ 365 days x 28 days = 536.99

Bonus Interest: 0

Total Interest Earned (Feb)

S$536.99
Say goodbye to fall below fees

With no minimum balance required and no fall below fees, enjoy high interest rates with our High Yield Savings Plus account. That’s an extra cup of coffee or two each month on us!

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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 account in the market.

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Access all your banking features on the go with RHB Mobile

With RHB Mobile integration, manage your accounts, transfer funds and apply for new products anytime, anywhere.

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Open a High Yield Savings Plus Account or Premier Plus Account by downloading RHB Mobile SG App now        

               

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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

Terms and Conditions
Deposit Insurance Scheme

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.

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

Important Notice

This advertisement has not been reviewed by the Monetary Authority of Singapore.