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Looking to park spare cash with predictable returns?
BOC Singapore’s latest mobile-only SGD time deposit promotion is running from 13 April, with new placements made via the BOC Mobile Banking App earning up to 1.40% p.a. 💰. The headline rate applies to a 12-month placement of S$20,000, while smaller sums from S$500 can still qualify across multiple listed tenors, including 12 months.
Compared with the previous revision on 30 Mar 2026, the higher-tier minimum has been reduced to S$20,000 from S$200,000 for the affected higher-amount tenors, making this round more accessible for depositors considering larger placements.
Expect a straightforward fixed-return option for funds that can be set aside for a chosen period. Shorter tenors remain available for flexibility, while the best promotional return is reserved for the 12-month S$20,000 tier. Keep liquidity needs in mind, as early withdrawal may result in reduced or even zero interest ⚠️.
✨ Key highlights
- Up to 1.40% p.a. for a 12-month placement of S$20,000
- From S$500 minimum for selected tenors
- Mobile banking only for this promotion 📲
- New placements are required
- 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 🛡️
📊 Promotional interest rates (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 / 5 months | S$500 | 1.30 |
| 6 months | S$500 | 1.30 |
| 6 months | S$20,000 | 1.35 |
| 9 months | S$500 | 1.32 |
| 9 months | S$20,000 | 1.35 |
| 12 months | S$500 | 1.35 |
| 12 months | S$20,000 | 1.40 |
📝 Things to know before placing
- App-exclusive rates: The promotion is stated as available via BOC Mobile Banking only
- 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 zero interest may apply
- 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 once everything looks right 🎉
🔗 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.
Need help with account opening or general banking services? Note that this promo rate is for mobile banking new placements, not over-the-counter placement 📱. Selected BOC Singapore outlets include Main Branch (Bank of China Building), Chinatown (Furama City Centre #01-01), 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). The latest outlet details can be checked via the official branches page.
For depositors comfortable with locking in funds through the BOC app, this promotion offers a simple way to earn fixed returns across multiple tenors, with the standout tier landing at 1.40% p.a. for 12 months at S$20,000. Smaller placements are not left out either, thanks to entry points from S$500 😊.
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