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Bank of China SmartSaver Savings Plan


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Min. Deposit

Interest Rate
up to 3.55%

Review on Bank of China SmartSaver Savings Plan

Realistically high interest rate
High 0.40% p.a. base interest
Extra 0.60% p.a. savings bonus interest for monthly balance above $60k

Must open a BOC Multi-Currency Savings account
Bonus interest rates subjected to credit salary, pay bills and BOC Credit Cards spend
High minimum spend of $1,500 on credit card for 1.60% p.a. bonus interest
High minimum spend of $6,000 salary credit for 1.20% p.a. bonus interest


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Prevailing Interest
Below $5k 0.25% p.a.
$5k to <$20k 0.275% p.a.
$20k to <$50k 0.35% p.a.
$50k & above 0.40% p.a.

Bank of China SmartSaver Savings Plan is for Bank of China Multi-Currency Savings (MCS) account holders to earn bonus interests on top of prevailing interests when you fulfill the required criteria

The total interest rate includes prevailing and bonus interest

The prevailing interest is accrued daily and will be credited to your Bank of China Multi-Currency Savings Account (SGD) on monthly basis


Interest Computation

Prevailing Interest 0.40% p.a.
Credit Cards Spend 1.60% p.a.
Credit Salary 1.20% p.a.
Pay 3 Bills 0.35% p.a.
Total (Max. $60k) 3.55% p.a.

Earn 0.80% / 1.60% p.a. when you spend at least $500 / $1,500 across your Bank of China Credit Cards and/or Debit Cards

Earn 0.80% / 1.20% p.a. when your company credits your salary of at least $2,000 / $6,000 into your Bank of China Multi-Currency Savings Account

Earn 0.35% p.a. when you transact 3 bill payments (min. $30 each) via GIRO, BOC Online Banking or BOC Mobile Banking bill payment function from your Bank of China Multi-Currency Savings Account

Enjoy up to 3.55% p.a. with Bank of China SmartSaver Savings Plan on the first $60,000 of your account balance

Earn 0.60% p.a. extra savings bonus interest on your account balance above $60,000 up to $1,000,000 when you meet at least one of the first three bonus interest requirements (Card Spend, SalaryCrediting or Payment)

A minimum balance of $1,500 in your Bank of China Multi-Currency Savings Account is required to be eligible for the bonus interest rates

Bonus interests are calculated based on your Bank of China Multi-Currency Savings Account's Average Effective Balance for the month


Click here to go to Bank of China website for more details


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Reviews or Comments (2)

Ave. Rating:
3/5 (2)
Topic: Bank of China SmartSaver Savings Plan Review
Sort By
ng hiam siang
Nov 2017
ng hiam siang says...

saving $100.00 how much the interest for year.

Money Lobang
Sep 2014
Top Poster
Most Likes
Money Lobang says...

The minimum deposit is $1,500. Assuming a deposit of $10,000 and fulfillment of the various criteria one can receive 3.425% interest or ($10,000 * 1/12 * 0.03425) = $28.54 a month

SYang Teo
Nov 2016
First Poster
SYang Teo says...

The interest rates are changing to be less attractive in Dec.



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