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Revision to BOC Smart Saver Interest Rates with effect from 1 August 2020


Dear Valued Customer,

With effect from 1 August 2020, we will be revising the interest rates for BOC SmartSaver. With the new changes, you can earn up to 3.00% p.a. on the first S$80,000 of your BOC Multi-Currency Savings (MCS) account balance through prevailing interest and bonus interests for wealth, card spend, salary crediting and payment. For account balance above S$80,000 to S$1,000,000, you can enjoy the extra savings bonus in addition to prevailing interest to earn up to 0.60% p.a. Please refer to the following for the details: 

Bonus Interest Categories Criteria Existing Bonus Interest Rate
New Bonus Interest Rate
i. Wealth Bonus Interest(new) Purchase eligible BOC wealth products to earn this bonus interest for 12 consecutive months* - 1.50%
ii. Card Spend Bonus Interest Spend at least S$1,500 posted in a month by using BOC Cards 1.60% 0.50%
Spend at least S$500 posted in a month by using BOC Cards 0.80% 0.30%
iii. Salary Crediting Bonus Interest Monthly salary crediting of S$6,000 and above 1.20% 0.50%
Monthly salary crediting of S$2,000 to S$6,000 (exclusive) 0.80% 0.30%
iv.Payment Bonus Interest Perform at least 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function 0.35% 0.30%
v.Extra Savings Bonus Interest Fulfil at least one of the requirements for either Card Spend, Salary Crediting or Payment bonus interest 0.60% 0.40%

*You need to purchase eligible BOC wealth products that meet the required minimum placement amount to enjoy the bonus interest rate after 1 August 2020. The minimum placement amount to qualify for the Wealth Bonus Interest may differ for different products.

The revised terms and conditions in “Terms and Conditions Governing BOC SmartSaver” will take effect on the same day. You can refer to “Revision of Singapore Dollar(SGD), United States Dollar(USD) and Renminbi(RMB) Prevailing Interest Rates for BOC Savings Accounts with Effect from 1 August 2020” for the latest update on prevailing interest rates. Other terms and conditions apply.

For more information, please contact our 24-Hour Customer Service Hotline at 1800-66-95566 (Singapore) or +65 677 95566 (overseas).

Bank of China Limited Singapore Branch
2 July 2020

Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Please visit for full details.

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