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Bank of China (BOC) Singapore has refreshed its Personal SGD Time Deposit promotional rates for new placements made via the BOC Mobile Banking App 📱.
This promotion is effective from 9 March 2026, with returns of up to 1.40% p.a. for a 12-month placement of SGD 200,000 💹.
For those who prefer predictable returns over market volatility, this fixed deposit promotion remains a practical option for short- to medium-term cash planning 😊. Rates are fixed at the point of placement, which can make budgeting and maturity planning clearer ✅.
Compared with the previous revision on 16 Feb 2026, the 1-month and 12-month (SGD 500 minimum) tenors are lower by 0.05 percentage point 📉.
BOC Singapore Personal SGD Time Deposit promo rates 📊
The rates below are annualised and apply to new placements via mobile banking. A 4-month promotional rate is not offered in the table shown ❌.
| Currency | Tenor | Mobile Banking Promo Rates (New Placement) | |
|---|---|---|---|
| Minimum Amount | Interest Rate (% p.a.) | ||
| SGD | 1 month | SGD 500 | 1.10 |
| 2 months | 1.20 | ||
| 3 months | 1.30 | ||
| 4 months | – | ||
| 5 months | 1.30 | ||
| 6 months | 1.35 | ||
| 9 months | 1.20 | ||
| 12 months | SGD 500 | 1.30 | |
| SGD 200,000 | 1.40 | ||
What stands out in this promotion 🌟
- Low entry point: Most listed tenors start from just SGD 500, making placement relatively accessible 👍.
- Top board rate: The highest published return is 1.40% p.a. for 12 months with SGD 200,000 💹.
- Mid-tenor sweet spots: 6 months at 1.35% p.a. and 3 or 5 months at 1.30% p.a. may appeal to those seeking a balance between yield and flexibility ⚖️.
- No 4-month promo tier: Those specifically targeting a 4-month placement may need to consider nearby tenors instead 🔍.
Useful notes before placing funds ✅
- App-only offer: These are mobile banking promotional rates for new placements; branch or other channel rates may differ 📲.
- Funding account needed: A BOC Savings or Current Account is typically required for funding the time deposit 💳.
- Rate confirmation: If there is any discrepancy between rates shown on the BOC website and those shown in the mobile app or at the counter, the mobile app / counter rate prevails. For placements made between 12am and 6am, the displayed rate is indicative only, with the actual rate confirmed after 6am on the same day ⏰.
- Early withdrawal caution: Premature withdrawal may result in reduced or zero interest, subject to the bank’s terms ⚠️.
- Deposit protection: Under the Deposit Insurance Scheme, Singapore dollar deposits of non-bank depositors are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured 🛡️.
- Laddering may help: Splitting funds across different tenors such as 3, 6 and 12 months can help balance liquidity and returns 🪜.
How placement is typically done in the app 📱
- Log in to the BOC Mobile Banking App.
- Select Time Deposit, choose SGD, then pick the preferred tenor.
- Enter the placement amount based on the qualifying tier, such as SGD 500 for most listed tenors or SGD 200,000 for the 12-month 1.40% p.a. tier ✅.
- Review the displayed rate, maturity details and any early-withdrawal terms carefully 👓.
- Confirm the placement once all details look correct 🎉.
Those comparing options across the market can also refer to this guide 😊. Official promotion details are available on the BOC Singapore website, while location details can be checked via the BOC Branch Locator 🙂.
This BOC Singapore app-exclusive SGD time deposit promotion offers a simple way to lock in fixed returns, with low-entry options from SGD 500 and a headline rate of 1.40% p.a. for larger 12-month placements 💰. For funds that do not need immediate access, the current board can be worth a closer look.
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