#no fresh funds fixed deposit singapore

RHB Singapore raised its SGD fixed deposit promotion on 9 October 2026, and its 12-month rate for ordinary Personal Banking customers is now 2.10% p.a. from S$20,000, with 2.00% at 6 months and 1.60% at 3 months. Premier Banking customers, who need a S$200,000 Total Relationship Balance, get 0.10 points more on every tenor, up to 2.20%. RHB's own terms open it to new and existing customers with no fresh-funds condition, and a maturing RHB deposit renews at the promo rate automatically. That puts RHB's 12-month rate 0.05 points above HL Bank's 2.05% online board (still unchanged on 11 October), though HL Bank wins at 6 months and takes S$10,000. The promotion has no end date: RHB can change the rates or withdraw it at any time. The trap is early withdrawal, which pays no interest at all.

CIMB Singapore has lifted its online fixed deposit promotion to 1.80% p.a. on a 12-month placement from S$10,000, up from the 1.70% we recorded on 14 September, with 1.75% at 6 and 9 months. Its own terms put a hard window on it: 21 to 30 September 2026, and your account has to be funded, approved and through every check inside those ten days, or the bank rejects the placement. Two things make it better than most boards this month. There is no fresh-funds condition, so money already sitting at CIMB qualifies. And the Shariah-compliant Why Wait Fixed Deposit-i pays the same 1.80%, upfront, plus a S$88 cash credit for every S$100,000 of fresh funds placed for 12 months by 30 September, which works out to about 1.89% on S$100,000. The headline 1.85% is the Preferred Banking column, and CIMB Preferred starts at S$250,000. The trap sits at maturity: both accounts auto-renew at board rates of 0.30% and 0.10%.