BOC Smartsaver (Multi currency Savings A/c) up to 3.55% Interest!
BOC SmartSaver is a savings plan for BOC Multi-Currency Savings (MCS) account holders to earn bonus interests on top of prevailing interests when you fulfill the required criteria. Introducing a smarter way to earn up to 3.55% p.a. with BOC SmartSaver.
Features
With BOC SmartSaver, you can receive 2 types of interests every month.
1. Prevailing interests:
You earn prevailing interest on your account's day-end ledger balance.
Prevailing interest rate for MCS Account is based on tier basis. The more you deposit the higher interest rate you can earn.
Prevailing interest is accrued daily and will be credited into your BOC MCS account at the end of each month.
Prevailing Savings Interest Rate (SGD)
Below S$5,000 0.25%
S$5,000 and above 0.275%
S$20,000 and above 0.35%
S$50,000 and above 0.40%
2. Bonus interests:
On top of prevailing savings interests, you can earn bonus interests on the first S$60,000 of your account balance when you perform any or all of these:
Earn 1.55% p.a. when you spend at least S$500 across your BOC Credit Cards and/or Debit Cards.
Earn 1.00% p.a. when your company credits your salary of at least S$2,000 into your BOC MCS Account.
Earn 0.60% p.a. when you transact 3 bill payments or 1 BOC Mortgage Repayment from your BOC MCS Account.
You need to maintain a minimum balance of S$1,500 in your MCS Account to be eligible for the bonus interest rates. Bonus interests are calculated based on your BOC MCS Account's Average Effective Balance for the month. For example, overdraft, earmarked balance, cheque float amount are not considered as effective balance.
You will receive the bonus interests within 15 business days of the following month.
http://www.bankofchina.com/sg/bocinfo/bi5/201510/t20151023_5821377.html
BOC SmartSaver is a savings plan for BOC Multi-Currency Savings (MCS) account holders to earn bonus interests on top of prevailing interests when you fulfill the required criteria. Introducing a smarter way to earn up to 3.55% p.a. with BOC SmartSaver.
Features
With BOC SmartSaver, you can receive 2 types of interests every month.
1. Prevailing interests:
You earn prevailing interest on your account's day-end ledger balance.
Prevailing interest rate for MCS Account is based on tier basis. The more you deposit the higher interest rate you can earn.
Prevailing interest is accrued daily and will be credited into your BOC MCS account at the end of each month.
Prevailing Savings Interest Rate (SGD)
Below S$5,000 0.25%
S$5,000 and above 0.275%
S$20,000 and above 0.35%
S$50,000 and above 0.40%
2. Bonus interests:
On top of prevailing savings interests, you can earn bonus interests on the first S$60,000 of your account balance when you perform any or all of these:
Earn 1.55% p.a. when you spend at least S$500 across your BOC Credit Cards and/or Debit Cards.
Earn 1.00% p.a. when your company credits your salary of at least S$2,000 into your BOC MCS Account.
Earn 0.60% p.a. when you transact 3 bill payments or 1 BOC Mortgage Repayment from your BOC MCS Account.
You need to maintain a minimum balance of S$1,500 in your MCS Account to be eligible for the bonus interest rates. Bonus interests are calculated based on your BOC MCS Account's Average Effective Balance for the month. For example, overdraft, earmarked balance, cheque float amount are not considered as effective balance.
You will receive the bonus interests within 15 business days of the following month.
http://www.bankofchina.com/sg/bocinfo/bi5/201510/t20151023_5821377.html
Last edited: