RHB High Yields Savings account

[carmelmore]

If plan to put

Are you guys planning to place 1 month only? (because, it is incremental funds from the previous month). For myself, I will not be able to capitalize on it for Dec, because I have funds in my account now. Will empty it out on Nov 30, and place it all back on Jan 1. So, I will only benefit this bonus interest for 1 month.

If you plan to place in Jan, why need to empty out all funds on Nov 30?

Should be based on end day balance of Dec 1.

 

[dork32]

So can you share if you are using your own name for both accounts? Or are you using 2 different names? Or are you using your own name for one account, and your name and a family member’s name for the other account as joint account?

people say can. but i am not going to risk it. 2 different names, confirm got no problem

 

[reiser]

Hi. Anyone able to do a fund transfer from RHB HYSA to Maybank i-savvy successfully?
Mine doesn't work and called the call centre but they can't tell why. I can transfer to SCB, DBS, UOB, HSBC all no problem except for Maybank.....

I did. Did you check your fund transfer limit? I was frustrated at being unable to transfer at first. Then it struck me that it could be the transfer limit.

 

[koolkool]

Thanks for the reply. I checked the transfer limits in both HYSA and Maybank. Both OK. In fact, I used $1 to test. Tried transferring from SCB to Maybank no problem.

 

[ice_angel]

No issue for me.

Hi. Anyone able to do a fund transfer from RHB HYSA to Maybank i-savvy successfully?
Mine doesn't work and called the call centre but they can't tell why. I can transfer to SCB, DBS, UOB, HSBC all no problem except for Maybank.....

 

[ice_angel]

Any got Joint PP account? How do the bank calculate TRB in this case? Individually?
So if say got 1 month fund shift out from both person's RHB accounts and this PP joint account, then got double fall below fee $40? Or still $20?

 

[Hwsemb]

Hi. Anyone able to do a fund transfer from RHB HYSA to Maybank i-savvy successfully?
Mine doesn't work and called the call centre but they can't tell why. I can transfer to SCB, DBS, UOB, HSBC all no problem except for Maybank.....

Not sure if it is because you chose MBB (Malayan Banking Berhad) as the bank when you setup your payee. It should be " Maybank SINGAPORE Limited ".

 

[F1ngolf2012]

latest sms on bonus

Great news! We will be extending our bonus interest promotion on our Premier Plus Account and High Yield Savings Plus Account. From 1 Dec 2022 to 28 Feb 2023, get up to 7% on your Premier Plus account and 5.5% on your High Yield Savings Plus account! T&Cs to apply - for full details, please visit RHB Singapore Website > Promotions. Insured up to S$75k by SDIC.

 

[ice_angel]

1.3

Interest will be calculated daily based on the credit balances (excluding cheque deposits that have not been cleared) in the Account standing at the end of the day based on a 365-day year. Such interest will be credited at the end of the month. Except for the Premier Plus Account, no interest will be paid if the daily balance falls below the prevailing prescribed minimum amount for the Accounts other than a Premier Plus Account. On closing of an Account, only interest that has been credited into the Account will be paid.

The highlight part reads a bit weird. But does it mean if PP balance is below 200K, bank can don't pay interest to us?

 

[yiron]

“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.”

I think RHB got spammed too much over last few months that it had to make this explicit.

 

[twosix]

1.3

Interest will be calculated daily based on the credit balances (excluding cheque deposits that have not been cleared) in the Account standing at the end of the day based on a 365-day year. Such interest will be credited at the end of the month. Except for the Premier Plus Account, no interest will be paid if the daily balance falls below the prevailing prescribed minimum amount for the Accounts other than a Premier Plus Account. On closing of an Account, only interest that has been credited into the Account will be paid.

The highlight part reads a bit weird. But does it mean if PP balance is below 200K, bank can don't pay interest to us?

It states PP is exception.

 

[ice_angel]

Oh OK..
Why need to double emphasize.. Hahaha...

 

[yeochris]

Hi
I just opened a HYSA. If i put in $200k fresh fund for the month of Dec, interest for the mth will be $916 correct?

mth of Jan i trf the $200k to my wife’s HYSA. Another $916?

am i right?

feb will shift the fund back to my account

OR

should i open PP and park $200k there?

 

[koolkool]

Not sure if it is because you chose MBB (Malayan Banking Berhad) as the bank when you setup your payee. It should be " Maybank SINGAPORE Limited ".

Hi. Thanks. This is the reason why the transfer work!

 

[ice_angel]

Hi
I just opened a HYSA. If i put in $200k fresh fund for the month of Dec, interest for the mth will be $916 correct?

mth of Jan i trf the $200k to my wife’s HYSA. Another $916?

am i right?

feb will shift the fund back to my account

OR

should i open PP and park $200k there?

If you alternate between you and your wife, you should open HYSA, for 200K.

 

[ice_angel]

Hi
I just opened a HYSA. If i put in $200k fresh fund for the month of Dec, interest for the mth will be $916 correct?

mth of Jan i trf the $200k to my wife’s HYSA. Another $916?

am i right?

feb will shift the fund back to my account

OR

should i open PP and park $200k there?

Also, for 200K, HYSA interest is 883.33, EIR 1.8+3.5 = 5.3%. Where does 916 come from?

 

[Hot2002]

Any idea how long it takes to open a hysa now ?

 

[V_for_Vanilla]

Oh OK..
Why need to double emphasize.. Hahaha...

Good for them to remind.

 

[yeochris]

Ops

i thought is 5.5%? Base interest 2% for $100k above. 3.5% bonus?

 

[1l92041H]

Great news! We will be extending our bonus interest promotion on our Premier Plus Account and High Yield Savings Plus Account. From 1 Dec 2022 to 28 Feb 2023, get up to 7% on your Premier Plus account and 5.5% on your High Yield Savings Plus account! T&Cs to apply - for full details, please visit RHB Singapore Website > Promotions. Insured up to S$75k by SDIC.

u are also shuffling between your single pp and joint pp (you+family) to cover all 3 mths hor?