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Update: Bank of China Singapore Time Deposit Up to 1.55% p.a. from 20 July 2026
Bank of China Singapore is offering promotional interest rates of up to 1.50% p.a. on new SGD Personal Time Deposit placements made through BOC Mobile Banking 📱. With a minimum placement of only S$500, this promotion provides an accessible option for savers seeking predictable returns across a range of deposit tenors.
The promotional rates are available exclusively through BOC Mobile Banking, so a branch visit is not required. Before confirming a placement, review the displayed interest rate, tenor, maturity date, funding account and placement amount carefully. ✅
Compared with the earlier 29 Jun 2026 update, the 6- and 9-month rates rise by 0.05 percentage point to 1.50% p.a. 💹, while the 18- and 24-month rates fall by 0.10 percentage point to 1.40% p.a. 🔻. The 1-, 2-, 3-, 5- and 12-month rates are unchanged.
✨ Promotion Highlights
- 🏦 Bank: Bank of China Singapore
- 📈 Promotional rate: Up to 1.50% p.a.
- 💵 Minimum placement: S$500
- 📲 Placement channel: BOC Mobile Banking only
- 🆕 Eligible funds: New SGD placements
- 🛡️ Deposit protection: 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, structured deposits, dual currency investments and other investment products are not insured.
📊 Promotional Interest Rates
| Tenor | Minimum amount | Interest rate (% p.a.) |
|---|---|---|
| 1 month | S$500 | 1.10 |
| 2 months | 1.20 | |
| 3/5 months | 1.35 | |
| 6 months | 1.50 | |
| 9 months | 1.50 | |
| 12 months | 1.50 | |
| 18 months | 1.40 | |
| 24 months | 1.40 |
📝 Things to Know
- 📱 Mobile placement: Promotional rates apply to new SGD time deposit placements made through BOC Mobile Banking.
- 🏦 Account requirement: A BOC Savings Account or Current Account is required to make a time deposit placement through mobile banking.
- 👤 Eligibility: SGD Time Deposit applicants must be at least 15 years old. Eligible applicants include Singapore Citizens, Permanent Residents and foreigners holding a valid pass.
- 📈 Rate confirmation: Promotional rates are indicative and apply to personal customers. The applicable rate is the rate available when the placement is confirmed.
- ⚖️ Rate discrepancy: Where rates published on BOC’s website differ from those offered through mobile banking or at the counter, the mobile-banking or counter rate prevails.
- ⏰ Overnight placements: Rates displayed between 12.00am and 6.00am are indicative and subject to change. The actual rate is confirmed on BOC’s website and mobile app after 6.00am on the same day.
- ⚠️ Premature withdrawal: Withdrawing the time deposit before maturity may lead to a loss of interest. Check the terms applicable to the selected tenor with BOC before confirming the placement.
- ✅ Final checks: Verify the amount, tenor, interest rate, maturity date and funding account before confirming the transaction.
- 📋 Standard eligibility requirements, placement conditions and prevailing bank terms apply.
📱 How to Place a Time Deposit
- Log in to the BOC Mobile Banking App.
- Select the Time Deposit placement function.
- Choose SGD, select the preferred tenor and enter the placement amount.
- Review the displayed rate, maturity date and funding account.
- Confirm the placement after verifying all details.
🔗 Useful Links
Check the latest promotional rates through the official BOC promotion rates listing. For mobile banking assistance, visit the official Mobile Banking FAQ, Mobile Banking App download page and the Time Deposit Account page. Compare other offers via the Singapore deposit rates guide. Branch information is available on the official branches page.
🏦 Branch Locations
BOC Singapore branches include Main Branch, Marine Parade Wealth Management Centre (by appointment only), Chinatown, North, Tampines, Jurong East, Woodlands, Toa Payoh, Bedok, Punggol, Tiong Bahru and Ang Mo Kio. Branch operating hours and queue availability may vary, so checking the official branches page before visiting is recommended.
💡 A time deposit may suit funds that can remain untouched until maturity. The interest rate is fixed when the placement is confirmed, subject to the bank’s terms, while early withdrawal changes the interest treatment. Deposit insurance is also limited to the applicable SDIC cap rather than providing an unlimited guarantee.
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