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Bank of China (Singapore) revises time deposit interest rates for March 2025
Bank of China (Singapore) has updated its time deposit rates, offering customers a maximum return of 2.5% per annum. This adjustment follows the bank’s ongoing review of its deposit offerings to ensure competitive returns for savers.
The latest changes come after the previous update on 10 Mar 2025, with selected interest rates seeing a reduction.
Rates as of 17 Mar 2025
The revised rates cover a range of tenures to cater to various savings needs. Customers opting for over-the-counter (OTC) placements must deposit a minimum of S$10,000.
For those using the Bank of China mobile banking platform, deposits start at just S$500, making it more accessible to a wider customer base.
| Currency | Minimum Amount | Tenor | Interest Rates (%p.a.) | |
|---|---|---|---|---|
| Counter Promo Rates | Mobile Banking Promo Rates (New Placement) * | |||
| SGD | S$10,000 and above (Over the Counter) S$500 and above (Via Mobile Banking) | 1 month | 2.30 | 2.40 |
| 2 months | 2.35 | 2.45 | ||
| 3 months | 2.40 | 2.50 | ||
| 4 months | 2.35 | 2.45 | ||
| 5 months | 2.35 | 2.45 | ||
| 6 months | 2.35 | 2.45 | ||
| 9 months | 2.35 | 2.45 | ||
| 12 months | 2.35 | 2.45 | ||
| 18 months | 2.10 | 2.20 | ||
| 24 months | 1.90 | 2.00 | ||
Mobile Banking Promo Rates are exclusively available for new placements made via the Bank of China Mobile Banking APP. Customers must hold a Savings or Current Account to place a Time Deposit using mobile banking.
Important Considerations for Customers
Customers looking to take advantage of these revised rates should keep the following key factors in mind:
- Premature Withdrawal Policy: Withdrawing funds before maturity may result in the loss of both the principal amount and accumulated interest. Customers are encouraged to carefully select a tenure that aligns with their financial plans.
- Indicative Rates: The rates displayed are indicative and apply to individual customers. The actual rates applicable at the time of placement will determine the final interest earned.
How to Apply & More Information
For further details on Bank of China’s latest time deposit rates and other financial products, customers can visit the official Bank of China website.
Customers seeking in-person assistance can locate their nearest branch by clicking here.
For a broader comparison of the best deposit rates in Singapore, click here to explore the latest options available.
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