BOC SmartSaver

NTTDoCoMo

Supremacy Member
Joined
Jan 26, 2002
Messages
5,444
Reaction score
472
BOC SuperSaver Revision 1 January 2023

100K EIR is 2.62%

640
https://mp.weixin.qq.com/s/zf5AZu2C9u30aaZHLcYZ9w
https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348756.html
 
Last edited:

NTTDoCoMo

Supremacy Member
Joined
Jan 26, 2002
Messages
5,444
Reaction score
472
Thanks! Lets say I meet 6k salary credit and 3 bills, but no credit card spend or max $100 credit card spend.
Do I still get 2.5+0.9+0.6 = 4%?
Edit:
Seems like the 0.6% is only applicable "For account balance above S$100,000 to S$1,000,000, you can enjoy the extra savings bonus in addition to prevailing interest to earn up to 1.00% p.a. "

Therefore only 3.4% for your scenario.
 
Last edited:

testingabc

Arch-Supremacy Member
Joined
Sep 10, 2013
Messages
10,762
Reaction score
566
BTW now BOC transfer limit got change ? any korkor know how to change the limit ? tried to search on app see nothing
 

testingabc

Arch-Supremacy Member
Joined
Sep 10, 2013
Messages
10,762
Reaction score
566
Mobile App > Settings > Transaction Limit Setting
korkor yours is apple or andriod phone ?

my app dont have Transaction Limit Setting, after selecting the top left hand icon, only have view accounts, view loans, paynow, transfer & remittence, time deposit, pay bills, invest, credit cards, debit card service, stop cheque service and global account service. :cry:
 

NTTDoCoMo

Supremacy Member
Joined
Jan 26, 2002
Messages
5,444
Reaction score
472
korkor yours is apple or andriod phone ?

my app dont have Transaction Limit Setting, after selecting the top left hand icon, only have view accounts, view loans, paynow, transfer & remittence, time deposit, pay bills, invest, credit cards, debit card service, stop cheque service and global account service. :cry:
I’m using iOS.

If cannot find, maybe try using the desktop browser.
 

revhappy

Arch-Supremacy Member
Joined
Mar 19, 2012
Messages
12,208
Reaction score
2,669
Based on the table you are right.
Thanks, then I think it makes sense to use this bank for salary credit. I currently use DBS My account, I was waiting to switch to either UOB One or oCBC 360. But now I think BOC is the best.
 

vsvs24

Arch-Supremacy Member
Joined
Feb 3, 2018
Messages
11,329
Reaction score
3,691
Edited 2 Jan 2022

The max is to have $100,000 and get 4.35% 4.6% :
Salary above $6000. 2.5%
Credit card above $1500 0.8%
Bill payment 0.9%
Base interest 0.4% 0.15% (tiered. EIR for 100k is 0.15%)

Above $100,000 get 1% only :
Extra savings 0.6%
Base interest 0.4%

Need $1500 min to earn bonus interest.

Fall below fee $3 if monthly average bal is below $200

Reference :
BOC Smartsaver wef 1 Jan 2023
https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348761.html
Terms and conditions
https://www.bankofchina.com/sg/bocinfo/bi5/201510/t20151023_5821377.html
Base interest
https://www.bankofchina.com/sg/bocinfo/bi3/bi33/202212/t20221230_22348742.html
 
Last edited:

NTTDoCoMo

Supremacy Member
Joined
Jan 26, 2002
Messages
5,444
Reaction score
472
Thanks! Lets say I meet 6k salary credit and 3 bills, but no credit card spend or max $100 credit card spend.
Do I still get 2.5+0.9+0.6 = 4%?

After further reading seems like the 0.6% is only applicable "For account balance above S$100,000 to S$1,000,000, you can enjoy the extra savings bonus in addition to prevailing interest to earn up to 1.00% p.a. "

Therefore only 3.4% for your scenario.
 

longfart

Senior Member
Joined
Sep 21, 2009
Messages
793
Reaction score
25
The max is to have $100,000 and get 4.35% :
Salary above $6000. 2.5%
Credit card above $1500 0.8%
Bill payment 0.9%
Base interest 0.15% (tiered. EIR for 100k is 0.15%)

Above $100,000 get 1% only :
Extra savings 0.6%
Base interest 0.4%

Need $1500 min to earn bonus interest.

Fall below fee $3 if monthly average bal is below $200

Reference :
BOC Smartsaver wef 1 Jan 2023
https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348761.html
Terms and conditions
https://www.bankofchina.com/sg/bocinfo/bi5/201510/t20151023_5821377.html
Base interest
https://www.bankofchina.com/sg/bocinfo/bi3/bi33/202212/t20221230_22348742.html
Is the base interest tiered? I always thought that if I have $40k, I will get 0.3% base interest, and if I have $100k, I will get 0.4%.
 

longfart

Senior Member
Joined
Sep 21, 2009
Messages
793
Reaction score
25
I have provided the link. You go and see
Yes I’ve checked the link you posted. I’d also seen the older tables with the previous interest rates too. From my understanding, if my amount falls within that range, I’ll get that corresponding base interest rate, not tiered. I thought so because of the way they phrase it, like if it’s tiered, usually they’ll state first $X,000, next $XX,000, etc. I’m just wondering if I’ve interpreted it wrongly all this while… I use my account actively so there isn’t a fixed monthly amount for me to verify my interpretation.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top