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Parking spare cash for a predictable return? 💰
BOC Singapore is running a mobile banking-only SGD personal time deposit promotion with rates of up to 1.40% p.a. for new placements. The top rate applies to the 12-month tenor, with a low minimum placement of SGD 500 via BOC Mobile Banking 📱.
This is an app-focused fixed deposit deal, so check the final rate, maturity date and placement details in the BOC Mobile Banking App before confirming the deposit.
Compared with the earlier 20 Apr 2026 update, the latest rates are friendlier for selected S$500 placements. The 6-month tenor has moved up from 1.35% p.a. to 1.38% p.a., while the 9-month S$500 tier has also improved from 1.35% p.a. to 1.38% p.a.. Previously, the 1.38% p.a. 9-month rate was shown with a higher S$200,000 minimum; the latest update shows SGD 500 instead.
✨ Key highlights
- Up to 1.40% p.a. for SGD personal time deposits
- Minimum placement: SGD 500
- Top displayed tenor: 12 months at 1.40% p.a.
- Placement channel: BOC Mobile Banking App only 📲
- Placement type: New placement
- Promo period: From 25 May 2026
- SDIC note: 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 🛡️
📊 Mobile Banking Promo Rates (New Placement)
| Tenor | Mobile Banking Promo Rates (New Placement) * | |
|---|---|---|
| Minimum Amount | Interest Rates (% p.a.) | |
| 1 month | SGD 500 | 1.10 |
| 2 months | 1.20 | |
| 3/5 months | 1.30 | |
| 6 months | 1.38 | |
| 9 months | 1.38 | |
| 12 months | 1.40 | |
| 18 months | 1.35 | |
| 24 months | 1.35 | |
📝 Things to know before placing
- Mobile banking only: Mobile Banking Promo Rates apply to new placements via the BOC Mobile Banking App.
- Account requirement: A BOC Savings Account or Current Account is required to make a time deposit placement via mobile banking.
- Personal customers: The promo rates are indicative and applicable to personal customers only.
- Rate at placement: The applicable promo rate is the rate shown at the point of time deposit placement.
- Rate timing: For time deposits placed between 12am and 6am, the rates shown are indicative and subject to change; actual rates are confirmed on BOC’s website and mobile app after 6am ⏰.
- Discrepancy handling: If BOC’s official website rates differ from rates available through mobile banking or at the counter, the mobile banking or counter rates prevail.
- Liquidity planning: Premature withdrawal may lead to losses in interest, so only place funds that can stay locked in until maturity ⚠️.
- Final checks: Review tenor, amount, interest rate, maturity date and account details in the app before confirming.
- Terms apply: Final eligibility and placement conditions apply.
📱 How to place a BOC mobile time deposit
- Open the BOC Mobile Banking App.
- Select Time Deposit and choose SGD.
- Pick the preferred tenor and enter the placement amount.
- Check the displayed interest rate, maturity date and terms carefully 👀.
- Confirm the placement only after all details look correct.
🔗 Useful links
Apply for a BOC account via the BOC account application page. The QR code in the image decodes to this BOC account application QR link 📷.
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 Singapore deposit rates guide. For outlet details, visit the official branches page.
BOC Singapore locations include Main Branch at 4 Battery Road, Marine Parade Wealth Management Centre at Parkway Parade #01-59-62A by appointment only, Chinatown Sub-Branch at Furama City Centre #01-01, North Sub-Branch at BOC Plaza, Tampines Sub-Branch at Tampines 1 #B1-21/22, Jurong East Sub-Branch at Westgate #04-30/31, Woodlands Sub-Branch at Causeway Point #B1-12, Toa Payoh Sub-Branch at #01-03, Bedok Sub-Branch at Bedok Mall #B2-07, Punggol Sub-Branch at Waterway Point #01-16, Tiong Bahru Sub-Branch at Tiong Bahru Plaza #01-127 and Ang Mo Kio Sub-Branch at AMK Hub #03-02.
Bottom line: This promo is most attractive for savers who want a small-ticket SGD fixed deposit placement through mobile banking, with the 12-month tenor offering the highest displayed rate at 1.40% p.a.. Review the app confirmation screen and terms before placing funds, especially if early withdrawal could be needed later.
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