Thursday, 4 July 2013

July's Fixed Deposit Rates Update - 1.18% Bank of China

Bank of China will increase the Fixed Deposit promotion rates from 5th July.  The 12-month FD rates of 1.18% p.a. is highest in Singapore now.  The minimum deposit amount for BOC FD is S$50,000.

This promotion is valid for customers with fresh funds only, meaning it is not applicable for money transferred from existing BOC accounts.

There are few branches of BOC in Singapore:
1. Battery Road (BOC Building),
2. Chinatown branch (Furama Hotel),
3. Katong branch (188-192 East Coast Road),
4. Middle Road (BOC Plaza),
5. Maxwell Road (Maxwell House).

According to BOC's website, this promotion is for a limited period only.

Promotion Details:

 SGD Time Deposits Promotional Interest Rates % p.a.
S$50,000 and above0.55%0.85%0.95%1.18%

Please let me know if there is better offer in the market.


  1. Please explore Bankwest Australia, eSaver account. It's not FD, just a special savings account with 4.00 P.A, monthly interest payout (snowball if no withdrawal is made)