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Update 30 Mar: BOC Singapore Time Deposit Promo Offers Up to 1.40% p.a. from 30 Mar 2026
Bank of China (BOC) Singapore’s current Personal SGD Time Deposit promotion via the BOC Mobile Banking App offers fixed returns of up to 1.40% p.a. for new placements 📱💰.
The headline rate is reserved for a 12-month placement of S$200,000, while other listed tenors start from just S$500.
For savers who prefer certainty over market swings, this can be a practical way to lock in a known return and maturity date. That may help with short- to medium-term cash planning when funds do not need daily liquidity.
Compared with the previous revision on 9 Mar 2026, the 6-month rate appears to have eased from 1.35% p.a. to 1.30% p.a., while the 9-month rate appears to have improved from 1.20% p.a. to 1.30% p.a. 📉📈.
BOC Singapore personal SGD deposit promo rates 📊
The rates below are annualised and apply to mobile banking new placements. Notably, a 4-month promotional tenor does not appear in this round ❌.
| Tenor | Minimum amount | Interest rate (% p.a.) |
|---|---|---|
| 1 month | S$500 | 1.10 |
| 2 months | S$500 | 1.20 |
| 3 / 5 / 6 / 9 months | S$500 | 1.30 |
| 12 months | S$500 | 1.30 |
| 12 months | S$200,000 | 1.40 |
What stands out 🌟
- Low entry point for most tenors: Placements from S$500 qualify for all listed tenors except the enhanced 12-month tier.
- Highest return needs a larger sum: The headline 1.40% p.a. applies only to S$200,000 placed for 12 months.
- Range of listed tenors: The published promo tenors are 1, 2, 3, 5, 6, 9 and 12 months, giving a spread of short- to medium-term options without implying that every tenor in between is available.
- No 4-month rate shown: Savers looking for that specific tenor may need to consider other listed options instead.
Useful notes before placing funds ✅
- App-only promo: These are mobile banking promotional rates for new placements. Branch or other channel rates may differ 📲.
- Funding account usually needed: A BOC savings or current account is typically required to place the deposit.
- Displayed rates between 12am and 6am: Rates shown during this window are indicative only, with the final applicable rate confirmed after 6am on the same day ⏰.
- If rates differ across channels: The mobile app / counter rate prevails, based on the supplied details.
- Early withdrawal caution: Premature withdrawal may lead to reduced interest or no interest at all, subject to BOC’s terms ⚠️.
- Deposit protection: Singapore dollar deposits of non-bank depositors are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member by law 🛡️.
- Laddering may help: Splitting funds across several tenors, such as 3, 6 and 12 months, may offer a balance between liquidity and yield.
How placement is typically done in the app 📱
- Open the BOC Mobile Banking App.
- Select Time Deposit, choose SGD, then pick the preferred tenor.
- Enter the qualifying amount, such as S$500 for most listed options or S$200,000 for the 12-month 1.40% p.a. tier.
- Review the displayed rate, maturity details and early-withdrawal terms carefully 👀.
- Confirm the placement once all details are in order 🎉.
Helpful links 🔗
The QR code in the promo visual resolves to the BOC account application page. For broader market comparisons, see this guide. Official promotion details are on the BOC Singapore website, while branch details can be checked via the BOC Branch Locator 🙂.
Overall, this is a straightforward fixed-return option for cash that can be set aside for between one month and one year. The standout deal is clearly the 12-month 1.40% p.a. tier at S$200,000, while the S$500 tiers offer a lower-entry route for smaller placements 💼.
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