BOC SmartSaver

[lenney]

For BOC Smart saver, meeting current month SAL and other criteria is for current month or following month interest calculation? Appreciate sharing.

 

[Trazora]

For BOC Smart saver, meeting current month SAL and other criteria is for current month or following month interest calculation? Appreciate sharing.

Current month

 

[Trazora]

This is up to how much as the limit?

2.43% is for $50k deposit. Lower % for lower deposit.

 

[Localborn]

Actually if I don't credit my salary to BOC (using DBS for multipler) nor can meet the 2k spending limit, I don't think this is worth it for me anymore. Just the 3 bill payment and $500 aren't going to give much interest.

Is it $1.5k cc spending or $2k?

 

[shpesft]

Is it $1.5k cc spending or $2k?

BOC should be $500 or $1.5k

UOB One credit card will be $500, $1k or $2k (rebate amount differs)

 

[lenney]

Current month

Thanks Trazora.

 

[Tormented Soul]

Are you guys referring to the BOC family card application? I had sent out the application form exactly 4 weeks ago, still yet to receive. Funny thing is they sent an email 1 week after i sent out the application, saying i never state the choice of card, when the application form i sent out is for BOC family card!

If I'm not wrong, the behind got one section where you have to tick the card you want. Even though the form is for BOC family card, they still have a section where you can select more cards or something. Maybe you have missed that out.

 

[Trazora]

<ADV>Get $10 shopping voucher when u flash this SMS & replace ur Great Wall International Debit Card with Chinese Cultural Debit Card for free at any BOC branch.U can enjoy more convenience with PayPass & exclusive privileges at China Cultural Centre.T&Cs apply.

Just FYI, the $10 shopping voucher is takashimaya voucher

 

[shpesft]

Bonus interest in!

 

[Jupiter2017]

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)
refer BOC website for tiered prevailing interest rate:
http://www.bankofchina.com/sg/bocinfo/bi3/201002/t20100207_961728.html
[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)

bump up this posting.

 

[johanyu]

Bonus interest in!

Do you get correct interest for card payment and salary?

 

[johanyu]

BOC should be $500 or $1.5k

UOB One credit card will be $500, $1k or $2k (rebate amount differs)

BOC card spend $500 or $1500 is calendar month or card statement spend?

 

[Trazora]

BOC card spend $500 or $1500 is calendar month or card statement spend?

For interest, calendar month.

 

[Squaredot]

Just FYI, the $10 shopping voucher is takashimaya voucher

Yesss! I got voucher today

 

[johanyu]

Do you get correct interest for card payment and salary?

manage to get this clear, because of my monthly card spend below <$1500, salary extra interest is correct

 

[compro_1975]

is it true can't pay Citibank and Amex cc? I considering to jump from UOB one

 

[compro_1975]

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)
refer BOC website for tiered prevailing interest rate:
http://www.bankofchina.com/sg/bocinfo/bi3/201002/t20100207_961728.html
[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)

for example of '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' it would be $60,001 * (0.006/365*no. of days) or $(60,001 - $60,000) * (0.006/365*no. of days)?

cheers!

 

[shpesft]

for example of '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' it would be $60,001 * (0.006/365*no. of days) or $(60,001 - $60,000) * (0.006/365*no. of days)?

cheers!

It will be ($XX,XXX - $60,000) * (0.006/365*no of days)

 

[johanyu]

is it true can't pay Citibank and Amex cc? I considering to jump from UOB one

yes for Amex, not sure for Citi

 

[Trazora]

is it true can't pay Citibank and Amex cc? I considering to jump from UOB one

Can pay via eAXS using debit mastercard.