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BOC Singapore Revises Fixed Deposit Rates; Up to 2.1% p.a.
Update 16 Jun: Bank of China Revises Fixed Deposit Rates from 16 Jun, Offers Up to 2% p.a.
In a move aimed at staying competitive in Singapore’s evolving banking landscape, Bank of China (BOC) Singapore has adjusted its promotional fixed deposit (FD) rates, with the new structure taking effect from 2 June 2025. This update closely follows a previous revision issued on 26 May 2025.
Under the refreshed promotion, BOC is offering a peak rate of 2.1% per annum – exclusively accessible through the Bank of China Mobile Banking App. This preferential rate is part of BOC’s broader push to enhance its digital banking offerings, targeting tech-forward customers who favour mobile convenience.
📈 Promotional Time Deposit Rates as of 9 Jun 2025
Update 9 Jun: Updated latest rates with slight reductions on longer tenures.
Interest rates vary based on placement channels and deposit tenure. Mobile banking placements enjoy notably higher rates with a lower minimum of S$500 for most tenures, versus S$20,000 required for counter bookings.
| Currency | Tenor | Mobile Banking Promo Rates (New Placement) * | Counter Promo Rates | ||
|---|---|---|---|---|---|
| Minimum Amount | Interest Rates (% p.a.) | Minimum Amount | Interest Rates (% p.a.) | ||
| SGD | 1 month | S$500 | 2.05 | S$20,000 | 1.85 |
| 2 months | 2.10 | 1.85 | |||
| 3 months | 2.10 | 1.85 | |||
| 4 months | 2.00 | 1.80 | |||
| 5 months | 2.00 | 1.80 | |||
| 6 months | S$20,000 | 2.00 | 1.80 | ||
| S$500 | 1.95 | – | |||
| 9 months | S$500 | 1.95 | 1.70 | ||
| 12 months | S$20,000 | 1.90 | 1.70 | ||
| S$500 | 1.85 | – | |||
Key Highlights:
- Top Rate: 2.10% p.a. for 2- and 3-month tenures via mobile banking
- Minimum Amounts: From S$500 (mobile) and S$20,000 (counter)
- 1-month rate: 2.05% p.a. on mobile; 1.85% p.a. at the counter
- 6- and 12-month options: Up to 2.00% p.a. with varied minimum thresholds
Mobile-exclusive promo rates are strictly for new time deposit placements via the mobile banking app and require a valid Savings or Current Account with BOC.
📝 Important Terms & Disclaimers
- Promotions apply only to personal banking customers.
- All rates are indicative and may change at BOC’s discretion.
- If discrepancies arise between online and branch rates, the respective platform’s rate will apply.
- Early withdrawal may result in partial or total loss of interest earned.
- Customers should verify current rates and review full T&Cs before placing deposits.
🔍 Where to Get More Information
Stay informed with the latest promotions by visiting the BOC Singapore official website.
Need in-branch assistance? Locate a BOC branch here.
To explore other banks’ fixed deposit rates in Singapore, use this comparison tool.
Disclaimer: All depositors are advised to seek independent financial guidance and thoroughly review BOC’s official terms prior to committing funds.
Note: Promotional rates are subject to change. Always refer to official BOC channels for confirmation.
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