RHB Singapore | Personal rates and charges

Banks Charges

Descriptions

Personal Pricing Guide for Deposit Accounts And Services

Deposit Rates

Foreign Exchanges Rates

Housing Loan Board Rates

Transition to Alternative Risk Free Rates

Tools

What are TT and OD?

Making payments easier for you.
Telegraphic Transfer (TT) and On Demand (OD) are forms of remittance that RHB Bank provides in order to conveniently aid your personal and business payments.

Telegraphic Transfer (TT)

Be it paying for an overseas purchase or sending money to a studying child, Telegraphic Transfer is the perfect tool to send foreign currency overseas in a timely and secure manner. The benefits of TT are:

Fast and safe way, as it goes from one bank to another and directly into an account
Easily traced if it gets lost

On Demand (OD)

On Demand rates are applied when purchasing or selling of demand draft, foreign cheque and etc. It is a cheaper method for payments made overseas and funds are cleared through our correspondents in major cities around the world.

Private Property Board Codes

Reference Rate	Current Interest Rate ( % p.a. )
MR1	6.25
MR2	6.45
MR3	5.50
MR4	5.50
MR5	6.35
MR6	5.75
MR7	5.70
HP1	6.65
MRR	5.75
MVR	6.25

HDB Board Codes

Reference Rate	Current Interest Rate ( % p.a. )
HB1	4.75
HB2	4.25
HB3	3.50
HB4	4.00
HB5	4.75
HH1	6.35
HBD	4.75
HB6	4.25

Commercial Board Codes

Reference Rate	Current Interest Rate ( % p.a. )
CR1	4.68
CR2	5.18
CR3	5.68
CR6	6.58
CR7	5.60
HC1	7.65
CRR	5.20

Malaysia Property Board Codes

Reference Rate	Current Interest Rate ( % p.a. )
MBR	7.00

What is the background of the transition?

The London Interbank Offered Rate (LIBOR), which serves as an interest rate benchmark across a number of financial products, is expected to be discontinued by the end of 2021. LIBOR (in all its underlying currencies) is expected to be replaced with overnight risk-free rates (RFRs).

The transition from LIBOR to RFRs arises from the global shift to improve the robustness and integrity of financial benchmarks. As part of this shift, the UK Financial Conduct Authority, which acts as the supervisory authority for LIBOR, stated that it would no longer compel banks to submit rates used for the calculation of LIBOR after 31 December 2021.

Alternative benchmark rates have been identified by the respective jurisdictions/countries to replace LIBORs and are set out in the table below. These risk free rates are all overnight interest rate benchmarks, and are based on actual transactions which may be secured or unsecured.