RHB Chinese New Year Promotional Interest Rates

RHB is offering promotional interest rates of 1.18% p.a. for 12-month's fixed deposits this Chinese New Year for fresh funds of more than $100,000 only. The promotion is valid from 17th January to 28th February 2013. Nowadays, it seems like the banks are targeting only the cash-rich depositors as the minimum deposit amounts are increasingly higher. Are Singaporeans really getting richer and richer? Hmm...