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BOC Singapore Updates Fixed Deposit Rates from 18 Aug 2025
Update 25 Aug: BOC Singapore Revises FD Rates from 25 Aug 2025, Earn Up To 1.55% p.a.
Bank of China (BOC) Singapore has revised its fixed deposit (FD) rates for individual depositors, with the new structure taking effect from 18 Aug 2025. This change follows the earlier promotional rates of up to 1.7% p.a. offered on 28 July 2025. The adjustment reflects a cautious market outlook, macroeconomic tightening, and a more conservative interest rate environment in Singapore and beyond.
Although the headline rate has decreased slightly, the promotion remains one of the most accessible in the market. Customers transacting via the BOC Mobile Banking App can still secure an attractive 1.65% p.a. with a minimum placement of only S$500. For those who prefer in-person placement, a minimum of S$20,000 is required, where the maximum interest is capped at 1.35% p.a.. This dual-structure strategy highlights BOC’s emphasis on digital banking convenience and cost efficiency, rewarding tech-savvy customers with stronger yields.
📊 Promotional FD Rates Effective 18 Aug 2025
These updated rates apply exclusively to new personal time deposit placements. Customers can benefit from a range of tenors depending on their savings horizon. The bank continues to differentiate its mobile vs. counter offerings, allowing individuals to tailor deposits according to preference.
| 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 | 1.55 | S$20,000 | 1.35 |
| 2 months | 1.60 | 1.35 | |||
| 3 months | 1.65 | 1.35 | |||
| 4 months | 1.60 | 1.35 | |||
| 5 months | 1.60 | 1.35 | |||
| 6 months | S$40,000 | 1.60 | – | ||
| S$500 | 1.55 | – | |||
| 9 months | S$500 | 1.50 | – | ||
| 12 months | S$40,000 | 1.55 | – | ||
| S$500 | 1.50 | – | |||
Note: Fresh funds are required, and the interest rates listed are indicative and subject to change without notice.
💡 Why Consider This Offer?
- Low entry point: Start with just S$500 via mobile banking, making it accessible to younger savers and first-time depositors.
- Digital-first advantage: Higher rates for app users encourage seamless, cashless transactions.
- Flexible tenors: Choose from 1 month to 12 months, ideal for both short-term liquidity planning and mid-term saving goals.
- Trusted brand: Bank of China is a globally recognised institution with strong backing, providing reassurance to depositors.
📌 Important Terms & Conditions
- Offer is open exclusively to individual account holders.
- BOC may revise promotional rates at its discretion without prior notice.
- Fresh funds are required; internal transfers do not qualify.
- Early withdrawal penalties may result in forfeiture of earned interest.
- Deposit placements differ between mobile app and branch counter, with lower rates at the counter.
📍 Where to Learn More
For comprehensive details, visit the BOC Singapore official site.
Customers seeking branch support may use the branch locator.
To compare with other banks’ deposit rates in Singapore, click here.
While the new BOC FD rates effective from 18 Aug 2025 reflect a slight downward revision, they continue to provide a compelling option for savers who wish to maximise returns without locking away large sums of money. The standout feature remains the S$500 entry point via the mobile app, which makes this offer not only competitive but also highly inclusive. Savers seeking stability, flexibility, and higher-than-average returns will find BOC’s revised promotion well worth considering.
Disclaimer: The information above is for reference only and subject to final confirmation by Bank of China (Singapore). Always verify directly with the bank before committing to a placement.
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