 We are now on Telegram. Click to join |
Bank of China (Singapore) Revises Promotional Time Deposit Interest Rates as of 21 April 2025
Bank of China (Singapore) has revised its promotional time deposit interest rates, effective from 21 April 2025. The update introduces new rates that reflect slight reductions for some tenures compared to the previous revision made on 17 March 2025.
Despite these adjustments, the bank continues to offer a competitive peak rate of 2.45% per annum, applicable for selected tenures when placed via its mobile banking platform. This move is part of the bank’s commitment to stay aligned with market trends while offering savers accessible options to grow their funds.
Details of Latest Promotional Rates
Customers may choose to place their time deposits either over the counter (OTC) or via the Bank of China Mobile Banking App, with minimum deposit requirements of S$10,000 for OTC and S$500 for mobile placements.
Here are the latest promotional rates across different tenures:
| Currency | Minimum Amount | Tenor | Interest Rates (%p.a.) | |
|---|---|---|---|---|
| Counter Promo Rates | Mobile Banking Promo Rates (New Placement) * | |||
| SGD | S$10,000 and above (Over the Counter) S$500 and above (Via Mobile Banking) | 1 month | 2.30 | 2.40 |
| 2 months | 2.30 | 2.40 | ||
| 3 months | 2.35 | 2.45 | ||
| 4 months | 2.35 | 2.45 | ||
| 5 months | 2.35 | 2.45 | ||
| 6 months | 2.35 | 2.45 | ||
| 9 months | 2.30 | 2.40 | ||
| 12 months | 2.30 | 2.40 | ||
| 18 months | 2.10 | 2.20 | ||
| 24 months | 1.90 | 2.00 | ||
*Rates shown under “Mobile Banking Promo Rates” apply only to new placements made via the BOC Mobile Banking App. An existing Savings or Current Account is required for such placements.
Important Information for Customers
- These rates are indicative and applicable exclusively to personal customers.
- In case of discrepancies between rates shown online, at the counter, or via mobile banking, the latter two channels will prevail.
- Early withdrawal may result in a loss of accrued interest.
- Customers are advised to verify prevailing rates at the point of deposit placement to avoid confusion.
How to Get Started
To view the full range of financial offerings and updated deposit rates, customers may visit the official Bank of China (Singapore) website.
For branch assistance, customers can locate their nearest Bank of China outlet by clicking here.
To compare rates across different financial institutions, click here for the latest overview.
Note: Always review the most current terms before placing any deposits, and consider speaking to a financial adviser for personalised guidance.
Leave a Reply