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Bank of China (BOC) Singapore: Updated FD Rates from 25 Aug 2025
Update 1 Sep: BOC Singapore Updates Fixed Deposit Rates from 1 Sep 2025, Earn Up To 1.5% p.a.
Bank of China (BOC) Singapore has adjusted its fixed deposit (FD) rates for retail depositors, effective from 25 Aug 2025. This update comes shortly after the promotional rates of up to 1.65% p.a. on 18 Aug 2025, signalling a recalibration of the bank’s deposit offerings.
📊 Promotional FD Rates (Effective 25 Aug 2025)
These promotional rates are exclusively for new personal time deposit placements. Customers can select from a variety of tenors based on their financial planning needs. BOC also continues to provide differentiated rates for mobile banking placements vs. counter placements, rewarding digital users with higher yields.
| Currency | Tenor | Mobile Banking Promo Rates (New Placement) * | Counter Promo Rates | ||
|---|---|---|---|---|---|
| Minimum Amount | Interest Rates (%p.a.) | Minimum Amount | Interest Rates (%p.a.) | ||
| SGD | 1 month | S$500 | 1.50 | S$20,000 | 1.35 |
| 2 months | 1.55 | 1.35 | |||
| 3 months | 1.55 | 1.35 | |||
| 4 months | 1.55 | 1.35 | |||
| 5 months | 1.55 | 1.35 | |||
| 6 months | S$40,000 | 1.55 | – | ||
| S$500 | 1.50 | – | |||
| 9 months | S$500 | 1.45 | – | ||
| 12 months | S$40,000 | 1.50 | – | ||
| S$500 | 1.45 | – | |||
Note: Fresh funds are required. All interest rates provided are indicative and may be revised without prior notice.
📌 Key Terms & Conditions
- Promotion is valid for individual account holders only.
- Fresh funds are mandatory; internal fund transfers are excluded.
- BOC reserves the right to revise or withdraw the promotional rates without prior notice.
- Premature withdrawals may lead to interest forfeiture.
- Rates differ depending on whether placements are made via the BOC Mobile Banking app or at physical counters.
📍 How to Apply & Learn More
To find out more, visit the official BOC Singapore site for the latest updates.
For assistance with branch applications, customers can use the BOC branch locator.
To benchmark against other local banks’ offerings, click here.
✅ Conclusion
With revised fixed deposit rates of up to 1.55% p.a. effective from 25 Aug 2025, BOC Singapore continues to offer attractive savings options, especially for customers using mobile banking. Savers looking for short- to mid-term placements may find this promotion competitive in today’s market. As always, confirm details directly with BOC before committing funds.
Disclaimer: Information is for reference only and subject to final confirmation by Bank of China (Singapore).
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