You will start to earn an interest rate of 0.30% p.a.
To illustrate these benefits, let’s say that you are starting with spare savings of about S$30,000 now and you deposited it into an RHB’s High Yield Savings Plus Account. RHB’s High Yield Savings Plus account is a great alternate savings account for individuals looking for a better interest rate as they grow their savings. With savings rates at an all-time low, one may ask if it pays to put your savings in the bank now? If you have accumulated hard-earned savings, how do you get the best returns on your deposits? With most primary transactional accounts either having a myriad of conditions to fulfil or paying record low interest rates, seeking out the best rates can be daunting, but here’s where we have made it easy for you. You can view our Editorial Guidelines here. We are committed to providing the best recommendations and advice in order for you to make personal financial decisions with confidence.
While we are financially compensated by them, we nonetheless strive to maintain our editorial integrity and review products with the same objective lens. This post was written in collaboration with RHB Singapore.
