BOC SmartSaver (Earn Up To 7.00% p.a.)

BOC SmartSaver is a savings plan for BOC Singapore Multi-Currency Savings (MCS) account holders to earn bonus interest.

You can earn up to 7.00% p.a. interest rate on your first S$100,000 savings balance just by fulfilling any of the bonus interest categories.

It is best suited for high spenders (above $1,500) and high-income earners (above $6,000).

This account is a good fit for you if are able to you charge at least $1500 to your credit card regularly, have a salary above $6000, and are willing to purchase a wealth product from BOC.

Criteria For Bonus Interest

1. Wealth Bonus Interest: Purchase the eligible insurance products to meet the minimum amount to enjoy the wealth bonus interest at 2.40% p.a. for 12 consecutive months.

2. Card Spend Bonus Interest: Spend at least S$500 on your Debit or Credit Cards during the calendar month to get 0.50% p.a. or above S$1500 to get 0.80% p.a.

3. Salary Crediting Bonus Interest: Salary credit of S$2,000 to S$6,000 to get 1.900% p.a. or S$6,000 and above for 2.50% p.a.

4. Payment Bonus Interest: Pay 3 bills online (min S$30 per eligible bill payment) to get 0.90% p.a.

5. Extra Savings Interest: Enjoy 0.60% p.a. extra bonus interest when you fulfill any one of the requirements for Card Spend, Salary Crediting or Payment bonus interest, only applicable to your account balance above S$100,000 up to a maximum of S$1,000,000.

Bonus Interest Categories	Criteria	Bonus Interest Rate
1. Wealth	Purchase eligible BOC wealth products to earn this bonus interest for 12 consecutive months	2.40% p.a.
2. Card Spend	Spend at least S$1,500 posted in a month by using BOC Cards	0.80% p.a.
2. Card Spend	Spend at least S$500 posted in a month by using BOC Cards	0.50% p.a.
3. Salary Crediting	Monthly salary crediting of $$6,000 and above	2.50% p.a.
3. Salary Crediting	Monthly salary crediting of $$2,000 to $$6,000 (exclusive)	1.90% p.a.
4. Payment	Perform at least 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function	0.90% p.a.
5. Extra Savings	Fulfill at least one of the requirements for either Card Spend, Salary Crediting or Payment bonus interest	0.60% p.a.

How To Get a Maximum 7.00% p.a. Interest Rate For First S$100,000

When you fulfill these categories, you can get a total of 7.00% p.a. on your first S$100,000 in your BOC Multi-Currency Savings (MCS) account.

Categories	Criteria	Interest Rate
Wealth Bonus Interest	Purchase eligible BOC wealth products to earn this bonus interest for 12 consecutive months	2.40% p.a.
Card Spend Bonus Interest	Spend at least S$1,500 posted in a month by using BOC Cards	0.80% p.a.
Salary Crediting Bonus Interest	Monthly salary crediting of $$6,000 and above	2.50% p.a.
Payment Bonus Interest	Perform at least 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function	0.90% p.a.
Prevailing Interest Rate	Nil	0.40% p.a.

Get Up to 1.00% p.a. For Account Balance Above S$100,000 to S$1,000,000

If you have more than S$100,000 in your BOC Multi-Currency Savings (MCS) account, the remaining will earn up to 1.00% p.a.

For account balances that are above S$1,000,000, they earn the prevailing interest rate of 0.40% p.a.

Bonus Interest Categories	Criteria	Bonus Interest Rate
Extra Savings Bonus Interest	Fulfill at least one of the requirements for either Card Spend, Salary Crediting or Payment bonus interest	0.60% p.a.
Prevailing Interest Rate	Nil	0.40% p.a.

How To Apply For BOC SmartSaver

1. Click here to open the MCS account online using Myinfo
2. Visit your nearest BOC branch with the necessary documents

To Note

Check out Bank of China (Singapore) for more information.

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