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Dear Valued Customer,
We would like to inform you that with effect from 1 December 2016, the features of BOC SmartSaver will be revised. Revisions include the introduction of a new bonus interest category – Extra Savings Bonus – as well as changes to bonus interest rates and criteria. Details are as follows:
Card Spend Bonus*
| Existing |
Revised |
| Criteria |
Interest Rate
(p.a.) |
Criteria |
Interest Rate
(p.a.) |
| Spend at least S$500 posted within the month |
1.55% |
Spend at least S$1,500 posted within the month1 |
1.60% |
| Spend at least S$500 posted within the month1 |
0.80% |
1AXS Payment transactions are not eligible for Card Spend Bonus.
Salary Crediting Bonus*
| Existing |
Revised |
| Criteria |
Interest Rate
(p.a.) |
Criteria |
Interest Rate
(p.a.) |
| Credit salary of minimum S$2,000 |
1.00% |
Credit salary of S$6,000 and above |
1.20% |
| Credit salary of minimum S$2,000 |
0.80% |
Payment Bonus*
| Existing |
Revised |
| Criteria |
Interest Rate
(p.a.) |
Criteria |
Interest Rate
(p.a.) |
| Perform 3 bill payments or 1 BOC Mortgage Repayment from your BOC MCS Account via GIRO or BOC Personal Online Banking using bill payment function |
0.60% |
Perform 3 bill payments of minimum S$30 per bill via GIRO, BOC Online Banking or BOC Mobile Banking bill payment function |
0.35% |
*Card Spend Bonus Interest, Salary Crediting Bonus Interest and Payment Bonus Interest are only applicable to the first S$60,000 of your MCS Account balance.
Extra Savings Bonus
| New |
| Criteria |
Interest Rate (p.a.) |
| Enjoy extra savings bonus interest on the portion of your account balance above S$60,000 up to S$1,000,000 when you meet at least one of the first three bonus interest requirements (Card Spend, SalaryCrediting or Payment). |
0.60% |
Terms and conditions apply. Should you have any enquiries, please call our 24-hour customer service hotline at 1800-66-95566.
Thank you for your continuous support.
Bank of China Limited Singapore Branch
31 October 2016
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