BOC SmartSaver

[Trazora]

Got it. Thanks a ton.

In that case, when you say the optimum balance is S$50K-60K, do you actually mean maximum S$60K but any amount below, subject to meeting salary credit, bill pay, and credit card spend?

Apologies, but I guess I am unable to understand why S$50K and above. Your other response that S$50K is the optimum amount in DBS Multiplier makes sense to me because that is the maximum amount on which the bonus interest is paid.

Corollary to my question would be: if I had S$110K to keep in a bank account (some day!), you would recommend S$50K in DBS Multiplier, and S$60K in BOC SmartSaver. And the rest, i.e. what about amounts above S$110K?

The base interest for boc smartsaver is tiered, highest base interest for $50k and above. Bonus interest for up to $60k. So $50k to $60k yield highest interest %.

If have more than $110k, need to see which combination of accounts+requirements you can fulfil yield the highest interest+card rebate.

 

[mianbao321]

Hi, just wondering if I am missing out on something. This BOC Smart saver account seems too good to be true leh. If I credit salary (>$6000), monthly spend $500 and pay 3 bills, I will get around 2.35% interest? Compared to DBS multiplier 1.9% and OCBC 360 @ 1.85%??

Can someone enlighten me please

 

[Trazora]

Hi, just wondering if I am missing out on something. This BOC Smart saver account seems too good to be true leh. If I credit salary (>$6000), monthly spend $500 and pay 3 bills, I will get around 2.35% interest? Compared to DBS multiplier 1.9% and OCBC 360 @ 1.85%??

Can someone enlighten me please

2.75% actually (need to include base 0.4%). Yes it is good, used to be even easier to reach the max 3.55%

 

[vsvs24]

Hi, just wondering if I am missing out on something. This BOC Smart saver account seems too good to be true leh. If I credit salary (>$6000), monthly spend $500 and pay 3 bills, I will get around 2.35% interest? Compared to DBS multiplier 1.9% and OCBC 360 @ 1.85%??

Can someone enlighten me please

2.75%. You missed out the 0.4% base interest. It is true. Have it for a while.

 

[zumaba]

2.75%. You missed out the 0.4% base interest. It is true. Have it for a while.

BOC SmartSaver is truly the best among all.

 

[kashanai]

Second this, best

BOC SmartSaver is truly the best among all.

 

[vsvs24]

BOC SmartSaver is truly the best among all.

Agree. Add on the Family card if can spend $700 even better. Only grouse is they stop full waiver of card annual fee wef Jul 18.

 

[kkcheng77]

Agree. Add on the Family card if can spend $700 even better. Only grouse is they stop full waiver of card annual fee wef Jul 18.

Cancel the card and reapply? In the meantime just clock $500 from debit card.
Will this work?

 

[Trazora]

Cancel the card and reapply? In the meantime just clock $500 from debit card.
Will this work?

or can use other boc credit cards. Maybe can work but risk card not being approved when apply next time.

 

[vsvs24]

Waiting for outcome of appeal. I believe I am one of the earliest as I saw it online before getting paper statement. Have till end of the month to decide.

 

[mianbao321]

Thanks so much peeps for the replies

 

[assiak71]

Agree. Add on the Family card if can spend $700 even better. Only grouse is they stop full waiver of card annual fee wef Jul 18.

Whats this stop full waiver thing? Sauce?

 

[vsvs24]

Whats this stop full waiver thing? Sauce?

Sauce is if you see annual fee charged to your card and call them and they tell you new policy for family card and sheng shiong card

 

[wilflare]

can two persons credit to a joint BOC SmartSaver account and have the culmulative salary count towards the more >$6000 limit?

 

[pcmdan]

can two persons credit to a joint BOC SmartSaver account and have the culmulative salary count towards the more >$6000 limit?

yes, you can have more if u require.

Doesnt need to be related.

 

[sgbird]

2.75%. You missed out the 0.4% base interest. It is true. Have it for a while.

3rd up. I have been joined BOC smart saver since Oct 2015. That time overall interest is around 3.35% I believe. Even better than OCBC 360

 

[Trazora]

3rd up. I have been joined BOC smart saver since Oct 2015. That time overall interest is around 3.35% I believe. Even better than OCBC 360

has always been max 3.55%

 

[pcmdan]

has always been max 3.55%

Totally agree. Last time better

Salary don't need so high
Spending don't need so much
Bill payment don't have min.

 

[weiming41]

2nd that , I have always been max. Since opening till now.

Don't need high salary
Don't need high spending
Don't need multiple bills.

has always been max 3.55%

 

[timothybo]

yes, you can have more if u require.

Doesnt need to be related.

You mean A and B can have one personal account each and open another joint as the 3rd account to earn interest?