BOC SmartSaver

[Trazora]

1 dec? which new thing is there come 1 dec? this looks interesting

Boc smartsaver giving lower interest for his case come 1 Dec. So other options will be better then.

 

[kokitty]

Boc smartsaver giving lower interest for his case come 1 Dec. So other options will be better then.

oh, i thought you meant some other bank other than ocbc and uob is coming up with something come 1 Dec... apologies, think wrongly

 

[Anarchy]

i was looking at the T&C. To qualify for the bonus interest, one need to maintain $1,500. How about account minimum ? $1, $500?

 

[Trazora]

i was looking at the T&C. To qualify for the bonus interest, one need to maintain $1,500. How about account minimum ? $1, $500?

S$3 will be charged if the monthly average balance in the account is less than S$1,500.

 

[Anarchy]

Thank you Trazora. Got it! The musical chair for BOC has stopped. Guess in 2017 the only bank that still in the game is UOB.

 

[aKaGiz]

Can consider bonussaver

 

[Anarchy]

if smartsaver's requirement is considered hard to meet, bonus saver will be harder. Btw bonus saver shouldnt be use to compare with smart saver as boc doesnt have an invest or insure element in it.

I feel,
The proper comparison will be POSB, OCBC, SCB as comparison

UOB and BOC as comparison

 

[LoanGroan]

Boc's change of terms make the interest rate lower but more of my money going in....I can hit salary, 500 spending, bills and 50k bonus. Meaning 0.4 + 1.2+ 0.8 +0.35 = 2.75% is this the best rate I can get without having to flip money between ocbc 360 accounts?

Sent from Samsung SM-G935F using GAGT

 

[aKaGiz]

if smartsaver's requirement is considered hard to meet, bonus saver will be harder. Btw bonus saver shouldnt be use to compare with smart saver as boc doesnt have an invest or insure element in it.

I feel,
The proper comparison will be POSB, OCBC, SCB as comparison

UOB and BOC as comparison

The good thing about bonus saver is the interest rates apply to $100k, so if you credit salary is already 1% x 100k is more than 1.2% x 60k.

 

[expert128sg]

Boc's change of terms make the interest rate lower but more of my money going in....I can hit salary, 500 spending, bills and 50k bonus. Meaning 0.4 + 1.2+ 0.8 +0.35 = 2.75% is this the best rate I can get without having to flip money between ocbc 360 accounts?

Sent from Samsung SM-G935F using GAGT

may i know what is the 50k bonus?

 

[expert128sg]

Thank you Trazora. Got it! The musical chair for BOC has stopped. Guess in 2017 the only bank that still in the game is UOB.

why no one consider maybank save up?

 

[fortunecat]

The good thing about bonus saver is the interest rates apply to $100k, so if you credit salary is already 1% x 100k is more than 1.2% x 60k.

BOC also got 1% interrest for amount from above 60k up to a million? But of course will be silly to put so much cash in bank for 1%

Sent from G4 again using GAGT

 

[aKaGiz]

why no one consider maybank save up?

Initially tot this is good but it applies to 50k only. Did some calculation and realised bonussaver is still better. I'll be moving from BOC to bonussaver.

 

[VacheronLim]

BOC Smartsaver bonus interest is applicable up to first 60K

A lot of people may have forgotten to factor in their base interest rate too (their base interest is quite significant, as compared to our local banks)

Maybank SaveUp, for GIRO payment the criteria is $300 (total amount per month), this is comparatively higher than the others. Like Bonus Saver is $50 x 3 bills, Smartsaver is $30 x 3 bills, UOB & OCBC don't have minimum amount per say

And of course some would also want to factor into consideration the potential rebates they can earn from credit card spending. Bonus Saver cc doesn't come with rebate program, BOC Family card is quite potent with 7% dining rebates, 5% for groceries/hospital bills

 

[LoanGroan]

may i know what is the 50k bonus?

Sorry not bonus, I meant the base interest rate which varies according to the amount in the account.

Sent from Samsung SM-G935F using GAGT

 

[jjonghae]

Dear all, how do i see if I've successfully paid my BOC cc bill? made payment via AXS, and wanna confirm if my bill is paid.

Thanks!

 

[Trazora]

Dear all, how do i see if I've successfully paid my BOC cc bill? made payment via AXS, and wanna confirm if my bill is paid.

Thanks!

You have the receipt? Anyway no worries if you have entered the card numbers correctly. The payment will be processed and reflected in ibanking in 1-2 days.

 

[jjonghae]

Hi, do you know under which tab? I've paid it 1 week ago, wanna double check but duno where to click

 

[Trazora]

Hi, do you know under which tab? I've paid it 1 week ago, wanna double check but duno where to click

It should have been processed already. You can go BOC ibanking/mobile/hotline to check.

 

[vince123123]

It would appear BOC is still the best if one cannot satisfy the card spend requirements and have $6k salary.

Total interest rate is 1.95%. OCBC gives 1.75%. SCB BonusSaver gives 1.25%. Maybank Saveup gives 1.046%.