BOC SmartSaver

[Jupiter2017]

Can you please advise what are the prevailing interest tiers? Is there any prevailing interest below S$60K?

Please refer to BOC website.
http://www.bankofchina.com/sg/bocinfo/bi3/201002/t20100207_961728.html

Currently, it is showing as follows:
SGD Savings Account Interest Rate
Below SGD5,000.00 (0.2500 %)
SGD5,000.00 and above (0.2750 %)
SGD20,000.00 and above (0.3500 %)
SGD50,000.00 and above (0.4000 %)
SGD100,000.00 and above (0.4750 %)

 

[mikezuper]

Here are the monthly interest for exactly $60k monthly average effective balance deposit in BOC SmartSaver a/c:

Prevailing Interest (0.4%) - $60,000 * (0.004/365*no. of days)
[note: balance over $60k get Prevailing interest too, but not Bonus interest]
Calendar month with 30 days=$19.73
Calendar month with 31 days=$20.38
[Prevailing Interest credited on last day of each Calendar month]

3 Bill Payment Bonus Interest (0.35%) - $60,000 * (0.0035/365*no. of days)
Calendar month with 30 days=$17.26
Calendar month with 31 days=$17.84

Salary $2k Bonus Interest (0.8%) - $60,000 * (0.008/365*no. of days)
Calendar month with 30 days=$39.45
Calendar month with 31 days=$40.77

Salary $6k Bonus Interest (1.2%) - $60,000 * (0.012/365*no. of days)
Calendar month with 30 days=$59.18
Calendar month with 31 days=$61.15

Credit/Debit Card spent $500 Bonus Interest (0.8%) - $60,000 * (0.008/365*no. of days)
Calendar month with 30 days=$39.45
Calendar month with 31 days=$40.77

Credit/Debit Card spent $1,500 Bonus Interest (1.6%) - $60,000 * (0.016/365*no. of days)
Calendar month with 30 days=$78.90
Calendar month with 31 days=$81.53

Extra Savings Interest - Enjoy 0.60% p.a. Extra bonus interest when you have fulfilled at least one of the requirements for either Card Spend, Salary Crediting or Payment bonus interest. Payment bonus is applicable to your account balance above S$60k subject to a maximum of S$1m


Example – Calendar month of 31 days :
Prevailing interest =$20.38

Meet 3 bill payment => $17.84
If have Salary $6k => $61.15
If credit card spent $1,500 => $81.53
Total Bonus interest = $160.52

Total interest = $180.90 (include Prevailing interest)

This worth commendation for great details of calculation effort - thank you sir!

 

[Cumzilla]

This worth commendation for great details of calculation effort - thank you sir!

yes, it takes effort, thumbs up

 

[Perisher]

• Password: Click to Install SaftControll

i installed liao leh, nothing happens, i still cannot input my password, after reboot

anyone encounter this problem before?

What is this install thingy?
I saw it too.
Any solution?
Tried multiple browser, all encounter same issues. Only hp works.

 

[jovialger]

What is this install thingy?
I saw it too.
Any solution?
Tried multiple browser, all encounter same issues. Only hp works.

So far, using chrome works for me.

 

[Perisher]

So far, using chrome works for me.

Ok, thanks. I installed it. Others told me no workaround.

 

[silverbomb]

when does the 0.1% rebate for debit card spend get credited into bank acct?

 

[naro]

when does the 0.1% rebate for debit card spend get credited into bank acct?

First working day of the following calendar month

 

[Z_Dash]

Needed some advice.
For 3 bill payment of $30/mth.

1) Does paying other credit card bills using bill payment function counts?

2) If I paid 2 separate months of BOC family card bills in same month cycle (eg Sep bill in 1st Oct and later October bill in the 20th Oct) does it count towards 2 payments?

 

[vddgnd]

Needed some advice.
For 3 bill payment of $30/mth.

1) Does paying other credit card bills using bill payment function counts?

2) If I paid 2 separate months of BOC family card bills in same month cycle (eg Sep bill in 1st Oct and later October bill in the 20th Oct) does it count towards 2 payments?

I am new player but based on the tnc i think Q1 is counted. Q2 only counted as 1 payment.

http://www.bankofchina.com/SG/pbservice/pb1/201611/t20161130_8271280.html

 

[Z_Dash]

I am new player but based on the tnc i think Q1 is counted. Q2 only counted as 1 payment.

http://www.bankofchina.com/SG/pbservice/pb1/201611/t20161130_8271280.html

Many thanks for your input.

 

[silverbomb]

noticed that monthly prevailing base interest is credited on the last day of the month (30/31) around 00:30am thereabout and not on the 1st of the month.

so do they actually calculate it based on:
1 to 29/30 monthly (meaning ADB on last day ignored in tabulation) or;
30/31 to 29/30 monthly?

 

[Localborn]

Is it true that boc is reducing cap on its cash rebate to $30/mth per calendae month?

 

[Trazora]

Is it true that boc is reducing cap on its cash rebate to $30/mth per calendae month?

For boc family, rebate for online to be capped at $30 per billing cycle starting 18Nov. No change to overall family rebate cap of $100 per billing cycle.

 

[Localborn]

For boc family, rebate for online to be capped at $30 per billing cycle starting 18Nov. No change to overall family rebate cap of $100 per billing cycle.

Online as in online shopping?

 

[little pupsky]

Yes. Online payments.

Online as in online shopping?

 

[Localborn]

Yes. Online payments.

Got it. Thanks, to u and to trazora

 

[DevilCurseYou]

noticed that monthly prevailing base interest is credited on the last day of the month (30/31) around 00:30am thereabout and not on the 1st of the month.

so do they actually calculate it based on:
1 to 29/30 monthly (meaning ADB on last day ignored in tabulation) or;
30/31 to 29/30 monthly?

good question

 

[Trazora]

noticed that monthly prevailing base interest is credited on the last day of the month (30/31) around 00:30am thereabout and not on the 1st of the month.

so do they actually calculate it based on:
1 to 29/30 monthly (meaning ADB on last day ignored in tabulation) or;
30/31 to 29/30 monthly?

I think the interest is credited on first day of the next month though it is indicated as last day of the month in ibanking. Eg oct interest not yet credited today 31Oct.

 

[Squaredot]

anyone rec SMS to change to another BOC debit card at branch?