Dear Valued Customer,
With effect from 1 January 2023, we will be revising the interest rates for BOC SmartSaver. With the new changes, you can earn up to 7.00% p.a. on the first S$100,000 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$100,000 to S$1,000,000, you can enjoy the extra savings bonus in addition to prevailing interest to earn up to 1.00% p.a. Please refer to the following for the details:
| Bonus Interest Categories |
Criteria |
Existing Bonus Interest Rate
(p.a.) |
New Bonus Interest Rate
(p.a.) |
| i. Wealth Bonus Interest |
Purchase eligible BOC wealth products to earn this bonus interest for 12 consecutive months* |
1.50% |
2.40% |
| ii. Card Spend Bonus Interest |
Spend at least S$1,500 posted in a month by using BOC Cards |
0.50% |
0.80% |
| Spend at least S$500 posted in a month by using BOC Cards |
0.30% |
0.50% |
| iii. Salary Crediting Bonus Interest |
Monthly salary crediting of S$6,000 and above |
0.50% |
2.50% |
| Monthly salary crediting of S$2,000 to S$6,000 (exclusive) |
0.30% |
1.90% |
| 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 |
0.30% |
0.90% |
| v.Extra Savings Bonus Interest |
Fulfil at least one of the requirements for either Card Spend, Salary Crediting or Payment bonus interest |
0.40% |
0.60% |
Terms and conditions apply. For the BOC SmartSaver product details and full terms and conditions, please refer to our BOC SmartSaver webpage: BOC Website -> Personal Banking -> Deposits
For more information, please contact our 24-Hour Customer Service Hotline at 1800-66-95566.
Bank of China Limited Singapore Branch
29 December 2022
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 www.sdic.org.sg for full details.
