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💰 Bank of China Singapore (BOC) has refreshed its Singapore dollar Time Deposit promotional rates from 26 October 2026, offering up to 2.10% p.a. on new placements.
The general promotional rates are available to personal customers through the BOC Mobile Banking app only, with a BOC Savings Account or Current Account required.
The headline rate is available with a minimum placement of S$20,000 for 12 months, while customers placing at least S$200,000 for 6 months can also enjoy 2.10% p.a. This represents an improvement over the previous week’s maximum general promotional rate of 2.05% p.a.
Smaller deposits are not left out either. Promotional rates start from a minimum placement of just S$500, with tenors ranging from one to 24 months under the advertised general schedule. The applicable interest rate depends on the placement amount and selected deposit duration.
BOC Singapore Time Deposit promotional rates from 26 October 2026
The following advertised rates are for new SGD Time Deposit placements through BOC Mobile Banking. All rates are annualised and indicative. The interest rate displayed in BOC Mobile Banking at the point of placement takes precedence if it differs from the published rate.
| Minimum Placement | Tenor | Interest Rate (% p.a.) |
|---|---|---|
| S$500 | 1 month | 1.10% |
| S$500 | 2 months | 1.20% |
| S$500 | 3 months | 1.60% |
| S$500 | 5 months | 1.50% |
| S$500 | 6, 9 or 12 months | 1.70% |
| S$500 | 18 months | 1.60% |
| S$500 | 24 months | 1.55% |
| S$20,000 | 3 months | 1.65% |
| S$20,000 | 6 months | 2.00% |
| S$20,000 | 9 months | 1.90% |
| S$20,000 | 12 months | 2.10% |
| S$200,000 | 3 months | 1.75% |
| S$200,000 | 6 months | 2.10% |
| S$200,000 | 9 months | 2.00% |
| S$200,000 | 18 months | 1.65% |
Highlights worth noting:
- Best advertised rate at S$20,000: A 12-month placement qualifies for the maximum general promotional rate of 2.10% p.a.
- Shorter commitment for larger deposits: A minimum S$200,000 placement qualifies for the same 2.10% p.a. over just six months.
- Six-month option at S$20,000: The promotional rate is 2.00% p.a., offering a shorter alternative to the 12-month headline deal.
- Entry-level placements: Deposits from S$500 qualify for 1.70% p.a. over six, nine or 12 months, with shorter and longer tenors also available.
Importantly, a longer deposit period does not automatically produce a higher annualised return. For example, the S$500 three-month rate is 1.60% p.a., compared with 1.50% p.a. for five months. Similarly, the S$200,000 six-month rate of 2.10% p.a. is higher than the 1.65% p.a. advertised for 18 months.
The latest promotional materials do not separately list a 12-month rate for the S$200,000 tier. Rates and available tenors should therefore be checked in BOC Mobile Banking before confirming a placement.
What changed from the 19 October 2026 promotion?
📈 BOC Singapore’s highest advertised general promotional rate has increased from 2.05% to 2.10% p.a. compared with the 19 October 2026 BOC Singapore Time Deposit promotion.
The main improvements are concentrated in three deposit combinations:
- S$20,000 for 6 months: Increased from 1.95% to 2.00% p.a., an improvement of 0.05 percentage point.
- S$20,000 for 12 months: Increased from 2.05% to 2.10% p.a., an improvement of 0.05 percentage point.
- S$200,000 for 6 months: Increased from 2.05% to 2.10% p.a., an improvement of 0.05 percentage point.
Other comparable rates shown in both promotional schedules remain unchanged, including the S$500 tier, the S$20,000 three- and nine-month options, and the S$200,000 three-, nine- and 18-month options.
For savers considering a S$20,000 placement, the latest increase makes the 12-month option particularly noteworthy, with the maximum general promotional rate available without needing to commit S$200,000.
How does BOC compare with other six-month fixed deposits?
💡 Several Singapore banks offer competitive six-month SGD Fixed Deposit rates, with some requiring significantly smaller placements than BOC’s S$200,000 threshold for 2.10% p.a.
| Bank / Customer Tier | Minimum Placement | 6-Month Rate (p.a.) |
|---|---|---|
| BOC Singapore | S$20,000 | 2.00% |
| BOC Singapore | S$200,000 | 2.10% |
| Maybank Singapore | S$20,000 | 2.10% |
| RHB Personal Banking | S$20,000 | 2.00% |
| RHB Premier Banking | S$20,000 | 2.10% |
| HL Bank (Online) | S$10,000 | 2.05% |
Maybank’s standalone promotion matches BOC’s highest six-month rate with just S$20,000 for individual customers. RHB Premier Banking customers can also enjoy 2.10% p.a. from a S$20,000 placement, but Premier status generally requires a Total Relationship Balance of S$200,000. Without Premier status, RHB Personal Banking customers receive 2.00% p.a. over six months.
HL Bank offers 2.05% p.a. over six months from S$10,000 via HLB Connect online or mobile banking, although branch placements require at least S$100,000. Maybank and RHB accept qualifying placements through branches or their respective digital channels, while BOC’s advertised general rates are exclusive to Mobile Banking.
For 12-month placements, RHB Premier Banking offers 2.20% p.a., while BOC, Maybank and RHB Personal Banking offer 2.10% p.a. from S$20,000. HL Bank offers 2.05% p.a. over the same tenor.
For further details, see the Maybank promotion from 23 October 2026, RHB promotion from 9 October 2026 and HL Bank promotion from 14 October 2026.
Separate new-to-bank Time Deposit offer of up to 2.18% p.a.
BOC Singapore also offers eligible new-to-bank personal customers 2.08% p.a. on individual fresh-funds placements of S$100,000 to S$199,999.99, or 2.18% p.a. on S$200,000 to S$250,000, for four or eight months.
Important: This separate promotion requires no BOC Singapore banking relationship since 1 January 2026, the opening of a new BOCSG Multi-Currency Savings Account and Time Deposit Account, and placement of qualifying fresh funds through BOC Mobile Banking. Each placement is assessed individually, with a cumulative promotional cap of S$250,000 per customer. See the official BOC new-to-bank promotion details and promotion terms and conditions (PDF).
Is BOC Singapore’s latest Time Deposit promotion worth considering?
🔎 The refreshed promotion offers a modest but welcome increase for SGD savers seeking fixed-term returns, especially with the 2.10% p.a. headline rate accessible from S$20,000 over 12 months.
For six-month placements, BOC’s 2.10% p.a. rate requires S$200,000, while Maybank offers the same annualised rate from S$20,000. BOC nevertheless remains an option for existing customers who prefer to keep their deposits with the bank, with promotional rates available from S$500.
Before setting aside funds, compare the qualifying amount, interest rate, deposit duration and associated banking requirements against other available SGD deposit options. For the latest details, refer to the official BOC Singapore promotional rates and the rate displayed in BOC Mobile Banking.
With the maximum general promotional rate now at 2.10% p.a., the latest BOC Singapore offer provides another option for savers looking to earn a fixed return on Singapore dollar deposits while choosing a placement amount and tenor that fit their financial plans.
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