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Bank of China (BOC) Singapore has refreshed its personal fixed deposit (time deposit) promotional board, effective 12 Jan 2026.
Under this update, savers can earn up to 1.4% per annum (p.a.) on SGD time deposits when placing a new placement via the BOC Mobile Banking App.
Compared with the previous revision on 3 Nov 2025, this round highlights a lower entry amount for most tenors (as shown in the table below).
📊 Updated BOC SGD time deposit rates (effective 12 Jan 2026)
These are the Mobile Banking promo rates for new placements made via the BOC Mobile Banking App:
| Tenor | Mobile Banking Promo Rates (New Placement) | |
|---|---|---|
| Interest rates (% p.a.) | Minimum amount (SGD) | |
| 1 month | 1.20 | 500 |
| 2 months | 1.20 | |
| 3 months | 1.40 | |
| 4 months | – | |
| 5 months | 1.35 | |
| 6 months | 1.35 | |
| 9 months | 1.20 | |
| 12 months | 1.20 | |
| 12 months | 1.25 | 200,000 |
*All interest rates are indicative and may be revised at the bank’s discretion without prior notice. A dash “-” indicates no promotional rate published for that tenor.
Key terms & highlights
- Channel restriction: Promo rates apply to new placement via the BOC Mobile Banking App only.
- Minimum placement: Most listed tenors start from S$500, while the 12-month 1.25% p.a. tier shows a higher minimum of S$200,000 in the table.
- Funding: Customers should ensure sufficient balance in the linked BOC account before placing.
- Early withdrawal: Premature withdrawal may result in reduced or no interest, depending on the bank’s terms.
- Final rate shown in-app: The applicable rate is the one displayed in-app at the point of placement.
- Rate precedence: If there is any discrepancy between published rates and in-app/counter rates, the rates offered through mobile banking or at the counter shall prevail.
How to choose a tenor (practical pointers)
- For near-term plans: Shorter tenors (e.g., 1-3 months) may suit those who want flexibility and don’t want to lock funds away for too long.
- For a balanced approach: Mid tenors like 5-6 months can be useful for savers who can set aside cash for a little longer while still keeping an eye on future rate moves.
- For longer lock-in: 9-12 months may appeal to those comfortable locking funds for longer, though it is still important to compare with other banks’ offers at the time of placement.
How to apply (BOC Mobile Banking App)
- Log in to the BOC Mobile Banking App.
- Tap “Time Deposit”, select SGD, then choose the preferred tenor.
- Enter the placement amount (refer to the table for the applicable S$500 or S$200,000 minimums, depending on tenor/tier).
- Review the promo rate, maturity date, and any early-withdrawal terms shown.
- Confirm the placement to complete the process ✅.
Compare and learn more
For a broader comparison across banks and promotions, refer to this updated guide. For official details, visit the BOC Singapore website or locate a branch via the BOC Branch Locator.
Disclaimer: Information is accurate as of 12 Jan 2026 and subject to change without notice. Customers should verify the latest rates, eligibility, and terms directly with Bank of China (Singapore) before placing any funds.
With revised rates effective 12 Jan 2026, BOC Singapore’s mobile-app time deposit promotion offers a straightforward option for savers who prefer a clear lock-in period and a known rate, with most tenors starting from S$500 and a higher-tier 12-month option requiring S$200,000. As with any fixed deposit, the best move is to confirm the in-app rate at the point of placement, understand early-withdrawal implications, and compare across banks before committing.
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