Bank of China (BOC) S’pore FD promo offers up to 1.4% p.a. via mobile banking from 20 Oct 2025

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Revised Fixed Deposit Promotional Rates from 20 Oct 2025

Update 3 Nov: Bank of China (BOC) S’pore up to 1.4% p.a. fixed deposit promo from 3 Nov 2025

Bank of China (BOC) Singapore has refreshed its personal fixed deposit (FD) promotional rates, effective 20 Oct 2025. Customers can enjoy returns of up to 1.4% per annum (p.a.), a timely offer for savers who prefer short- to mid-term tenors in Singapore’s current rate environment.

According to the bank’s latest update, this is a slight upward adjustment versus the previous revision on 13 October 2025. The offer is exclusively for new time deposit placements via the BOC Mobile Banking App, rewarding digital-first customers with convenience and promotional pricing 💰.

At a glance (SGD Time Deposits)

• Top rate: up to 1.4% p.a. (see table for tenor-specific rates).
• Channels: BOC Mobile Banking App only (new placements).
• Minimum placement: From S$500 for most short tenors; selected tiers at S$40,000 (see table).
• Currency: SGD time deposits.
• Eligibility: Personal customers; an existing BOC Savings or Current Account is required for placement.
• Insurance: Deposits are typically protected under SDIC where eligible. Always check in-app before placing.

📊 Updated BOC SGD Time Deposit Rates (Effective 20 Oct 2025)

Here are the latest promotional rates for SGD Time Deposits placed through the BOC Mobile Banking App:

*All interest rates are indicative and may be revised at the bank’s discretion without prior notice.

Key terms & highlights

• Channel restriction: Mobile Banking Promo Rates apply to New Placement via BOC Mobile Banking APP only. A Savings or Current Account is required.
• Early withdrawal: Premature withdrawal may result in reduced or no interest.
• Applicability: Indicative rates for personal customers only; the final applicable rate is the rate at the point of placement.
• Rate precedence: If there is a discrepancy between rates shown on the BOC website and those in-app or at the counter, the rates offered through mobile banking or at the counter shall prevail.
• Copyright: Content may not be reproduced in whole or in part without prior consent from Bank of China.

Who might benefit from this promo?

• Short-term planners who want a 3-month parking place at up to 1.4% p.a.
• Conservative savers who prefer fixed returns over market volatility.
• Digital-first customers who can place and track deposits entirely via mobile.

Simple interest illustrations (indicative)

• 3 months at 1.40% p.a. on S$20,000: interest ≈ S$20,000 × 1.40% × (3/12) = S$70.
• 6 months at 1.35% p.a. (S$40,000 tier) on S$40,000: interest ≈ S$40,000 × 1.35% × (6/12) = S$270.

Figures are for illustration only and exclude any bank fees or conditions. Actual crediting is at maturity unless stated otherwise in-app.

How to apply (BOC Mobile Banking App)

1. Log in to the BOC Mobile Banking App.
2. Go to “Time Deposit” > choose SGD and select the preferred tenor.
3. Enter the placement amount (note the S$500 or S$40,000 minimums per the table).
4. Review the promo rate, maturity date and any early-withdrawal terms.
5. Confirm placement to complete the paperless process ✅.

Compare and learn more

To review how this stacks up against other banks’ promos, see this updated guide. For official details, visit the BOC Singapore website, or locate a branch via the BOC Branch Locator.

BOC’s refreshed mobile-only FD promo delivers up to 1.4% p.a. with low entry amounts from S$500, and higher-rate tiers for S$40,000 placements. Savers seeking a short to mid-term, fuss-free option can consider the 3- or 6-month tenors, place fully in-app, and compare against other banks before committing. 👍

Disclaimer: Information is accurate as of 20 Oct 2025 and subject to change without notice. Customers should verify the latest terms directly with Bank of China (Singapore).

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