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Bank of China Singapore Announces FD Rate Revision Effective 30 June 2025
In a move aligned with recent market trends, Bank of China (BOC) Singapore has announced a revision of its fixed deposit (FD) interest rates for personal banking clients. The new rates come into effect on Monday, 30 June 2025, and marks a slight decrease across several tenors. This update follows a previous rate change publicised on 23 June 2025.
The latest adjustment offers a mobile-exclusive promotional interest rate of up to 1.95% per annum, reinforcing BOC’s strategy to reward customers who utilise the BOC Mobile Banking App. With a low entry requirement of just S$500, these digital placements present an accessible option for savers looking to grow their funds with shorter commitments and better returns.
📊 Promotional FD Rates as at 23 June 2025
BOC Singapore’s latest FD promotion features varied rates based on the mode of placement and deposit tenor. While mobile placements offer lower minimum deposit thresholds, over-the-counter (OTC) deposits still cater to traditional customers but at slightly lower yields and with a higher minimum sum of S$20,000.
| Tenor | Mobile Banking Promo Rates (New Placement) * | Counter Promo Rates | ||
|---|---|---|---|---|
| Minimum Amount | Interest Rates (% p.a.) | Minimum Amount | Interest Rates (% p.a.) | |
| 1 month | S$500 | 1.80 | S$20,000 | 1.60 |
| 2 months | 1.95 | 1.75 | ||
| 3 months | 1.95 | 1.75 | ||
| 4 months | 1.90 | 1.70 | ||
| 5 months | 1.85 | 1.65 | ||
| 6 months | S$20,000 | 1.85 | 1.65 | |
| S$500 | 1.80 | – | ||
| 9 months | S$500 | 1.75 | 1.55 | |
| 12 months | S$20,000 | 1.75 | – | |
| S$500 | 1.70 | – | ||
These rates are offered solely for new time deposit placements and apply exclusively to individual account holders with an active BOC Savings or Current Account. BOC encourages customers to use digital channels to enjoy better interest rates and streamlined service.
📌 Important Terms & Conditions
- Available to personal banking clients only.
- Rates shown are indicative and subject to change without prior notification.
- Mobile app and OTC rates differ; applicable rate depends on placement channel used.
- Premature withdrawals may result in reduced or no interest being credited.
- Customers should review the latest information and full T&Cs before proceeding with placement.
📍 Additional Support & Information
For a detailed overview of current deposit campaigns, visit the BOC Singapore official website.
Prefer in-person assistance? Locate your nearest branch with the branch locator tool.
To compare this offer against other banks’ fixed deposit rates in Singapore, click here.
Disclaimer: All promotional rates and product details are subject to change. Always consult BOC’s official channels for the most accurate information.
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