Good news! Banks are fighting hard to get your deposits. OCBC 360 was the best deposit account in November 2022. From 1^st December onwards, RHB will be increasing the interest rates on their High Yield Savings Plus account and you can earn up to 5.50% p.a. on your fresh funds. Is RHB better than OCBC 360? Read on to find out more!

Introducing the RHB High Yield Savings Plus Account 

From 1^st December 2022, RHB is offering an additional boost of 3.5% p.a. on your fresh funds. If you include the prevailing interest rates of up to 2.0% p.a., you can earn up to 5.50% p.a. If you qualify for the RHB Premier Plus account, you can even earn up to 7.0% p.a. What’s the catch? It needs to be fresh funds. You should note that the bonus interest is only applicable to the fresh funds deposited for that particular month. In other words, your ‘fresh’ S$100,000 deposited in December will...