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Bank of China (Singapore) Raises the Bar with Attractive Time Deposit Rates
In a strategic move to enhance its banking services, Bank of China (Singapore) has revised its Time Deposit rates, presenting personal banking customers with the prospect of earning up to 3.40% per annum. This initiative is part of the bank’s recent promotional campaign, commencing from 20 May 2024, aimed at providing customers with the opportunity to maximise their savings potential.
The promotional rates are indicative and are tailored specifically for personal customers. Rates at the point of transaction may differ.
Rates as of 20 May 2024
| Amount (SGD) | Tenor | Interest Rates (% p.a.) | |
|---|---|---|---|
| Over the Counter Placement | Via Mobile Banking Placement* | ||
| S$10,000 and above (Over the Counter) S$500 and above (Via Mobile Banking*) | 1 month | 2.90 | 3.00 |
| 2 months | 3.20 | 3.30 | |
| 3 months | 3.30 | 3.40 | |
| 4 months | 3.20 | 3.25 | |
| 5 months | 3.15 | 3.20 | |
| 6 months | 3.10 | 3.20 | |
| 7 months | 3.05 | 3.15 | |
| 8 months | 3.05 | 3.15 | |
| 9 months | 3.00 | 3.05 | |
| 10 months | 3.00 | 3.05 | |
| 11 months | 3.00 | 3.05 | |
| 12 months | 3.00 | 3.05 | |
| 18 months | 2.65 | 2.75 | |
| 24 months | 2.60 | 2.70 | |
*The preferential rate is only available to personal banking customers who place their deposits via BOC Mobile Banking.
For comprehensive details on the Bank of China’s Time Deposit promotion, click here. To find your nearest Bank of China branch, click here.
Explore the best deposit rates in Singapore by visiting this link.
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