(EXPIRED) Bank of China S’pore Offers Up to 2% Time Deposit Promo Rates From 28 Sep 2026

We are now on WhatsApp Channel. Click to join

Looking for a fixed return on spare Singapore dollars without making a branch visit? 💰

Update: Bank of China S’pore Time Deposit Promo Rates Up to 2.05% p.a. From 5 Oct 2026

Bank of China Singapore’s Personal Time Deposit promotion is running from 28 September 2026, with its general Mobile Banking new-placement schedule offering up to 2.00% p.a. for SGD Time Deposits placed through BOC Mobile Banking 📱.

The headline 2.00% p.a. rate requires a minimum placement of SGD 200,000 and is available for 6, 9 or 12 months. Smaller placement amounts can also qualify for promotional rates, with minimums starting from just SGD 500.

The promotional rates in the main table are for new placements made via BOC Mobile Banking. A BOC Savings Account or Current Account is required before making the placement.

📊 BOC Mobile Banking promotional interest rates

Compare the available tenors, minimum new placement amounts and promotional interest rates before confirming a deposit:

A dash means no separate higher promotional tier is published at that placement amount for the tenor.

The highest rate is not attached to the longest tenor. A SGD 200,000 placement earns the promotional 2.00% p.a. rate at 6, 9 or 12 months, while the 18-month tier at the same placement amount is 1.65% p.a. For placements from SGD 20,000, the rate steps up from 1.80% p.a. at six months to 1.90% p.a. at 12 months.

Using a simple annualised illustration, SGD 200,000 at 2.00% p.a. works out to about SGD 2,000 over 6 months, SGD 3,000 over 9 months or SGD 4,000 over 12 months. At the SGD 20,000 tier, 1.90% p.a. over 12 months works out to about SGD 380. These illustrations use principal × annual rate × months/12; the actual maturity interest depends on BOC’s applicable calculation and placement dates.

📈 What changed from 21 Sep 2026?

The general new-placement schedule has strengthened most noticeably at the 6-, 9- and 12-month tenors. A new SGD 20,000 tier provides substantially better rates than the previous general entry tier, while SGD 200,000 placements now receive 2.00% p.a. across all three tenors. See the previous 21 Sep 2026 post.

* BOC did not publish a separate SGD 20,000 tier on 21 Sep; these were the general rates available from SGD 500 below the next published higher tier. The previous SGD 100,000 tier for 6 and 12 months is also no longer separately listed.

💡 Quick points before locking in funds

• 💵 Placement tiers: The general schedule starts from SGD 500, with higher promotional tiers at SGD 20,000 and SGD 200,000 for certain tenors.
• 👤 Applicant requirements: These promotional rates are for personal customers. SGD Time Deposit applicants must be at least 15 years old. BOC lists Singapore Citizens, Permanent Residents and foreigners holding a valid Work Pass, Student Pass, Long-Term Visit Pass or Dependant Pass among the applicants it accepts.
• 🏦 Funding account: A BOC Savings Account or Current Account is required for the Mobile Banking placement. Account-opening deposits, minimum-balance requirements and service charges vary by the account chosen, so check the relevant account conditions before opening one solely to make the Time Deposit placement.
• 📈 Rate confirmation: Check the live rate displayed in BOC Mobile Banking immediately before submitting the placement, particularly if rates have been revised since the article was published.
• ✅ Final checks: Confirm the placement amount, tenor, displayed interest rate, maturity date, funding account and any maturity instruction shown before submitting the transaction.

📱 How to place the Time Deposit

1. Log in to the BOC Mobile Banking App.
2. Select the Time Deposit placement function.
3. Choose SGD, select the preferred tenor and enter the placement amount.
4. Review the displayed promotional rate, maturity date and funding account.
5. Confirm the placement after checking all transaction details.

Once a BOC Savings Account or Current Account and Mobile Banking access are in place, the Time Deposit can be placed without visiting a branch. Existing customers who have not registered for Mobile Banking can register through Personal Online Banking or at a BOC branch.

Branch assistance is available for account or Mobile Banking setup, but the promotional Time Deposit placement itself is completed through BOC Mobile Banking. Check the official BOC Singapore branch list before making a trip.

Review BOC’s published promotional-rate updates through the official BOC promotion rates archive. For mobile banking assistance, see the official Mobile Banking FAQ, Mobile Banking App download page and Time Deposit Account information.

The latest update offers rates that run from 1.10% p.a. to 2.00% p.a., with the strongest step-up concentrated at the SGD 20,000 and SGD 200,000 tiers for 6-, 9- and 12-month placements. 💰 Compare the intended lock-in period and placement amount, then confirm the live rate shown in BOC Mobile Banking before placing the deposit.

Share this with your friends & loved ones on Facebook!