RHB Fixed Deposit Rate Singapore 2026: Current Rates, Tenor Comparison & How to Apply
RHB Bank Singapore’s fixed deposit rate for a 6-month tenor is approximately 3.30% per annum as at July 2026, with a minimum placement of SGD 10,000. This makes RHB one of the more competitive fixed deposit options among foreign banks operating in Singapore. Your principal is safe — all RHB Singapore deposits are SDIC-insured up to SGD 100,000 per depositor. Rates vary by tenor and amount, and promotions change frequently.
Not financial advice. All rates are indicative and for educational reference only. Data as at July 2026 unless noted. Always verify the latest rate directly with RHB Bank Singapore before placing your deposit.
- RHB Singapore 6-month FD rate: ~3.30% p.a. (July 2026) — competitive vs major local banks
- Minimum deposit SGD 10,000; SDIC-insured up to SGD 100,000; available to Singapore residents
- For smaller amounts, digital bank savings accounts (GXS, MariBank, Trust Bank) offer 2.5–3.0%+ with no lock-in
RHB Fixed Deposit Rates Singapore: July 2026
RHB Bank has operated in Singapore since 1961 and offers fixed deposit accounts to Singapore citizens, PRs, and Employment Pass holders. Its rates are typically more competitive than the three local banks (DBS, OCBC, UOB) — especially for mid-range tenors like 6 and 12 months.
Here are RHB’s indicative fixed deposit rates for July 2026:
| Tenor | Min. Deposit | Interest Rate p.a. | Interest on SGD 10,000 |
|---|---|---|---|
| 1 Month | SGD 10,000 | 2.50% p.a. | ~SGD 20.83 |
| 3 Months | SGD 10,000 | 3.20% p.a. | ~SGD 80.00 |
| 6 Months ★ | SGD 10,000 | 3.30% p.a. | ~SGD 165.00 |
| 12 Months | SGD 10,000 | 3.10% p.a. | ~SGD 310.00 |
| 24 Months | SGD 20,000 | 3.00% p.a. | ~SGD 600.00 |
| 36 Months | SGD 20,000 | 2.85% p.a. | ~SGD 855.00 |
★ Best-value tenor as at July 2026. Source: RHB Bank Singapore. Rates indicative — check rhbgroup.com for latest. Simple interest, credited at maturity. SDIC-insured up to SGD 100,000 per depositor per institution.
Note that RHB also runs periodic promotional rates — higher rates for new-to-bank funds or for amounts above SGD 50,000. Always call the RHB hotline (1800-323-0100) or visit a branch to ask about any current promotions before locking in your deposit.
How to Open an RHB Fixed Deposit in Singapore
Opening an RHB fixed deposit is straightforward, but unlike digital banks, you’ll typically need to visit a branch or call in advance — especially if you’re not an existing RHB account holder.
Step 1 — Check eligibility. RHB Singapore FDs are available to Singapore citizens, PRs, and foreigners with a valid work pass. You must be at least 18 years old.
Step 2 — Prepare your documents. For Singapore citizens and PRs: NRIC. For foreigners: passport and valid work pass. You’ll also need your RHB savings account number if you’re an existing customer.
Step 3 — Visit an RHB branch or apply online. RHB has branches at Orchard, Tanjong Pagar, and other Singapore locations. Existing customers can sometimes place FDs via RHB Now internet banking or the RHB Mobile app. New customers generally need to visit in person first.
Step 4 — Fund the deposit. Minimum SGD 10,000 for most tenors. Funds are deducted from your RHB savings account or via FAST transfer. Once placed, the deposit is locked — early withdrawal typically forfeits all accrued interest.
Step 5 — Receive your maturity advice. RHB sends you a fixed deposit confirmation showing your principal, rate, tenor, and maturity date. At maturity, you can roll over at the current rate or withdraw to your savings account.
Also worth reading: our Singapore Savings Bonds guide and Singapore T-bills 2026 guide cover other government-backed options alongside fixed deposits.
RHB Fixed Deposit vs Other Singapore Banks: Which Is Best?
RHB sits in the mid-tier of Singapore fixed deposit rates — more competitive than DBS, OCBC, and UOB, but sometimes trailing specialist lenders like Hong Leong Finance. Here’s how it compares across the most popular tenors as at July 2026:
| Bank | 6-Month Rate | 12-Month Rate | Min. Deposit | SDIC? |
|---|---|---|---|---|
| RHB Bank ★ | 3.30% | 3.10% | SGD 10,000 | ✓ |
| Hong Leong Finance | 3.40% | 3.20% | SGD 5,000 | ✓ |
| Standard Chartered | 3.35% | 3.05% | SGD 5,000 | ✓ |
| Bank of China (SG) | 3.25% | 3.15% | SGD 10,000 | ✓ |
| OCBC Bank | 3.10% | 3.00% | SGD 10,000 | ✓ |
| DBS Bank | 3.00% | 2.95% | SGD 1,000 | ✓ |
★ This article’s focus bank. Rates indicative as at July 2026. Source: individual bank websites. All are SDIC members. Verify before placing your deposit.
The bottom line: RHB is a solid choice for 6-month tenors. Hong Leong Finance and Standard Chartered edge it slightly, but RHB’s branch network and long Singapore history make it a trusted option. DBS is most accessible (min SGD 1,000) but at lower rates.
For context on other cash options, see our MariBank interest rate guide and our Singapore T-bill rate overview.
Is RHB Bank Safe? SDIC Protection Explained
Yes. RHB Bank Singapore is an SDIC member. Your Singapore Dollar deposits are insured up to SGD 100,000 per depositor per bank. This covers savings accounts, current accounts, and fixed deposits in SGD.
| Deposit Amount | Protected? | What Happens if Bank Fails |
|---|---|---|
| Up to SGD 100,000 | ✓ Fully covered | SDIC reimburses in full within 7 business days |
| SGD 100,001 – SGD 500,000 | ⚠ Partially | Only SGD 100,000 insured; excess joins liquidation queue |
| Above SGD 500,000 | ✗ Uncovered | Spread across multiple banks to stay within SDIC limits |
Source: Singapore Deposit Insurance Corporation (SDIC), 2026. Coverage per depositor per scheme member. Foreign currency deposits not covered.
If you’re placing more than SGD 100,000, split it across institutions — SGD 100,000 at RHB, the rest at another SDIC-member bank. RHB Bank has been in Singapore for over 60 years and is licensed by MAS. Verify at MAS financial institutions directory.
Alternatives to RHB Fixed Deposits: Digital Banks & Cash Accounts
A fixed deposit guarantees your rate but locks your money away. If you want competitive returns without lock-in, consider these alternatives alongside RHB FD:
| Product | Rate p.a. | Min. Balance | Lock-In? | SDIC? |
|---|---|---|---|---|
| RHB FD (6M) | 3.30% | SGD 10,000 | 6 months | ✓ |
| GXS FlexiSavings | ~3.00% | SGD 1 | None | ✓ |
| MariBank Savings | ~2.80% | SGD 1 | None | ✓ |
| Trust Bank SaveUp | Up to 2.50% | SGD 1 | None | ✓ |
| Syfe Cash+ Guaranteed | ~3.10% | SGD 100 | 30-day notice | MAS-regulated |
Rates as at July 2026. Digital bank savings rates are variable. Cash management accounts (Syfe, Endowus) are MAS-regulated but not SDIC-covered. Source: individual platform websites.
A common Singapore saver strategy: put the money you definitely won’t need for 6 months into RHB FD (guaranteed 3.30%), and keep your emergency buffer in a no-lock-in digital bank account for flexibility. You get the best of both worlds.
For detailed reviews: our Syfe Cash+ Guaranteed guide and Endowus Cash Smart overview cover money market alternatives in depth.
Digital Bank Referral Codes & Bonuses (2026)
If you’re comparing RHB FD with digital bank savings, these referral codes give you a bonus when signing up:
| Platform | Referral Code | Notes |
|---|---|---|
| Trust Bank | HTWYQP95 | SaveUp account + Visa cashback card — no annual fee, SDIC-protected |
| MariBank | 2DCT80WQ | No minimum balance, SDIC-insured, competitive savings rate |
| GXS Bank | YONG477 | FlexiSavings — no lock-in, competitive rate, SDIC-protected full bank |
| Endowus | 2V343 | Cash Smart + CPF/SRS investing — fee credits on sign-up |
| Syfe | SRPRFFFCD | Cash+ Guaranteed ~3.10% — 30-day notice, MAS-regulated |
| IBKR | jianxiong368 | Low-cost ETF investing for long-term wealth building |
Referral rewards subject to current platform terms. The Kopi Notes may earn referral commissions.
