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Looking to park surplus cash with predictable returns?
💰 Bank of China (BOC) Singapore is offering a Personal SGD Time Deposit promotion exclusively via its mobile banking app, with interest rates of up to 1.40% p.a. for new placements 📱.
This promotion caters to a range of deposit sizes and tenors, making it suitable for both modest savers and those placing larger sums.
Compared with the previous revision on 16 March 2026, this update is stronger at the longer end, with the 9-month S$500 tier at 1.32% p.a. and the 12-month S$500 tier at 1.35% p.a..
💡 Key Highlights
- 📈 Up to 1.40% p.a. for a 12-month placement
- 💵 Minimum placement from just S$500
- 📱 Available via BOC Mobile Banking App only
- 🛡️ Singapore dollar deposits of non-bank depositors are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member by law; foreign currency deposits and investment products are not insured
📊 Promotional Interest Rates (Mobile App – New Placements)
| Tenor | Mobile Banking Promo Rates (New Placement) * | |
|---|---|---|
| Minimum Amount | Interest Rates (% p.a.) | |
| 1 month | S$ 500 | 1.10 |
| 2 months | 1.20 | |
| 3/5/6 months | 1.30 | |
| 9 months | S$ 500 | 1.32 |
| S$ 200,000 | 1.35 | |
| 12 months | S$ 500 | 1.35 |
| S$ 200,000 | 1.40 | |
The highest rate of 1.40% p.a. applies to a 12-month tenor with S$200,000 placement, making it ideal for those seeking to maximise returns on larger idle funds.
📝 Things to Know Before Placing
- App-exclusive rates: Promotion is strictly available via the mobile banking platform 📲
- Account requirement: A BOC savings or current account is required for mobile banking time deposit placement
- Rate timing: Rates shown between 12am-6am are indicative; final rates confirmed after 6am ⏰
- Early withdrawal: May result in reduced or zero interest ⚠️
- Channel differences: Mobile or counter rates take precedence if discrepancies arise
📱 How to Place a Time Deposit
- Launch the BOC Mobile Banking App
- Select Time Deposit and choose SGD
- Pick preferred tenor and enter deposit amount
- Review interest rate, maturity date, and terms 👀
- Confirm placement once satisfied 🎉
🔗 Useful Links
Visit the BOC account application page to get started. For more comparisons, explore this guide. Official details are available on the BOC Singapore website, and branch info via the BOC Branch Locator.
🏁 Final Thoughts
This BOC time deposit promotion offers a solid option for those seeking stable, low-risk returns in today’s rate environment. With flexible tenors and accessible entry from S$500, it suits both conservative savers and larger portfolio allocations. 📊
Prefer face-to-face help? BOC’s Singapore branches include Main Branch (Bank of China Building), Chinatown (Furama City Centre #01-01), Katong (188-192 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). The latest branch details can be checked via the official Branch Locator.
Locking in a fixed rate can provide peace of mind amid uncertain markets – especially when liquidity needs are predictable.
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