Introduction
Wide range of currencies with fixed deposit tenor earning you higher interest rates than Savings account.
Product Features
Available in 10 currencies: SGD, RMB, USD, EUR, GBP, NZD, AUD, JPY, CAD and HKD.
Wide choice of tenors for selection.
For initial deposit, please refer to the table below:
Currency |
Initial Deposit |
SGD |
5,000 (Over the Counter)
500 (Via Online Banking/Mobile Banking) |
RMB |
3,000 |
USD |
2,000 |
EUR |
5,000 |
GBP |
2,000 |
NZD |
5,000 |
AUD |
5,000 |
JPY |
500,000 |
CAD |
5,000 |
HKD |
50,000 |
Eligible Applicants
1. Singapore Citizen, Permanent Resident, and Foreigners with valid pass (Work Pass/ Student Pass/Long Term Visit Pass/Dependent Pass).
2. SGD Time Deposit applicants must be at least 15 years old. Foreign Currency Time Deposit applicants must be at least 18 years old.
Application Procedures
1. Online Application (For New-To-Bank customers): Click https://cloud.bankofchina.com/sgp/boc_ao/static/boc_ao/index.html or tap “Accounts via MyInfo” on the main page of your Mobile Banking app.
2. Online Application (For existing customers): Click “Apply for an Account” on the main page of your Online Banking or Mobile Banking app after logging in.
3. Visit your nearest BOC branch with the necessary documents to open the account:
For Singapore Citizens and Permanent Residents, please bring along your original NRIC. For Foreigners, please bring along your Passport, Work Pass/Student Pass/Long Term Visit Pass/Dependent Pass (at least 6 months validity), and proof of address (e.g. bank statement/utility bills/mobile bills within 3 months etc.)
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 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.