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Looking to park spare cash with a predictable return? 💰
BOC Singapore has rolled out a mobile banking-only SGD time deposit promotion offering up to 1.40% p.a. for new placements. Based on the promo visual, this personal time deposit promotion is effective from 20 April 2026, with a low entry point of just S$500 for several tenors, including the headline 12-month option 📱.
Compared with the previous revision on 13 Apr 2026, the main changes shown here are that the 9-month S$500 tier is higher, while the 12-month 1.40% p.a. rate is now shown with a S$500 minimum. That makes this refresh notably friendlier for smaller 9-month and 12-month placements, rather than across the whole schedule ✨.
✨ Key highlights
- Up to 1.40% p.a. via BOC Mobile Banking
- Minimum placement from S$500 for selected tenors
- New placement required
- App-only promo for SGD time deposits 📲
- Effective period: 20 to 26 April 2026
- SDIC coverage: Singapore dollar deposits of non-bank depositors are insured up to S$100,000 in aggregate per depositor per Scheme member by law; foreign currency deposits and investment products are not insured 🛡️
📊 Mobile Banking Promo Rates (New Placement)
| Tenor | Minimum Amount | Interest Rate (% p.a.) |
|---|---|---|
| 1 month | S$500 | 1.10 |
| 2 months | S$500 | 1.20 |
| 3 months | S$500 | 1.30 |
| 5 months | S$500 | 1.30 |
| 6 months | S$500 | 1.30 |
| S$20,000 | 1.35 | |
| 9 months | S$500 | 1.35 |
| S$200,000 | 1.38 | |
| 12 months | S$500 | 1.40 |
📝 Things to know before placing
- Mobile banking only: Available via the BOC Mobile Banking App
- Account requirement: A BOC savings or current account is needed for mobile banking time deposit placement
- Rate timing: Rates displayed between 12am and 6am are indicative; final rates are confirmed after 6am ⏰
- Early withdrawal: Reduced or even zero interest may apply, so liquidity planning matters ⚠️
- Channel differences: Mobile or counter rates take precedence if discrepancies arise
- Terms apply: Final eligibility and placement conditions should be checked before confirmation
📱 How to place a time deposit
- Open the BOC Mobile Banking App
- Select Time Deposit and choose SGD
- Pick the preferred tenor and enter the deposit amount
- Review the displayed interest rate, maturity date and terms carefully 👀
- Confirm the placement after checking the details
🔗 Useful links
Get started via the BOC account application page. For app setup, see the official BOC Mobile Banking App download page. For product and eligibility details, refer to the official Time Deposit Account page. For broader market comparisons, explore this guide. For current outlet details, visit the official branches page.
For account opening or general banking support, note that this promo rate is for mobile banking new placements, not over-the-counter placement 📱. BOC Singapore’s current branch list includes Main Branch (4 Battery Road), Chinatown (Furama City Centre #01-01), Katong (East Coast Road), North (BOC Plaza), Toa Payoh (#01-03), Tampines 1 (#B1-21/22), Westgate (#04-30/31), Causeway Point (#B1-12), Bedok Mall (#B2-07), Waterway Point (#01-16), Tiong Bahru Plaza (#01-127) and AMK Hub (#03-02). Do note that BOC’s official branch page also states Katong Sub-Branch will close effective 1 May 2026. The latest outlet details can be checked via the official branches page.
In short: this BOC Singapore mobile banking promo gives flexible entry from S$500, while still offering a competitive 1.40% p.a. for a 12-month placement. For savers comfortable setting funds aside for a fixed period, this is a straightforward app-based option to consider 🔒.
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