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Stay ahead with the latest time deposit offerings from Bank of China (Singapore)
Bank of China (Singapore) has unveiled new time deposit rates, offering returns up to 3.45% per annum. This latest update shows a minor adjustment, with rates dipping by 0.05% for selected tenures, compared to the rates announced on 30 July.
Effective from 5 Aug 2024, this offer provides a variety of tenure options designed to meet diverse financial planning requirements.
Time Deposit Rates Effective 5 Aug 2024
The new rates span multiple terms, giving Singaporean savers both flexibility and attractive interest rates. Whether you’re looking to invest for the short term or long term, there’s a suitable option available.
The interest rates are tiered based on the method of deposit, with higher rates available for placements made via mobile banking.
Minimum Amount: S$10,000 and above (Over the Counter); S$500 and above (Via Mobile Banking)
| Tenor | Counter Promo Rates | Mobile Banking Promo Rates (New Placement) |
|---|---|---|
| 1 month | 2.85 | 2.95 |
| 2 months | 3.10 | 3.20 |
| 3 months | 3.30 | 3.40 |
| 4 months | 3.20 | 3.30 |
| 5 months | 3.10 | 3.20 |
| 6 months | 3.10 | 3.20 |
| 9 months | 2.90 | 2.95 |
| 12 months | 2.90 | 2.95 |
| 18 months | 2.50 | 2.60 |
| 24 months | 2.40 | 2.50 |
* Note: The Mobile Banking Promo Rates are exclusive to new placements via the BOC Mobile Banking APP. A Savings or Current Account is necessary for these placements.
Bank of China’s time deposit offerings stand out in the market due to their competitive rates and flexible terms, making them an attractive choice for both new and existing clients seeking to grow their savings in Singapore’s competitive banking landscape.
For a detailed overview of Bank of China’s enhanced Time Deposit rates and conditions, interested customers can click here. To locate the nearest Bank of China branch for personalised banking services, click here.
Stay updated with Singapore’s top deposit rates by visiting this link for more information.
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