BOC SmartSaver

[cReDdY]

Guys can I just check, above 60,000 is 1% or 0.6% interest rate??

 

[vddgnd]

Guys can I just check, above 60,000 is 1% or 0.6% interest rate??

The amount above 60k will get 0.6% , this amount also get base interest of 0.4% . So it is advertised as getting 1%.

However when u check the interest crediting. This 0.6% is one of the bonus interest. The 0.4% is credited based on ADB of the month.

 

[cReDdY]

Thanks man. Was confused since they wrote two different percentages

 

[mynickname]

Boc dun like to waive annual fee issit? Like key into their auto hotline no action one

 

[vddgnd]

Boc dun like to waive annual fee issit? Like key into their auto hotline no action one

Talk to cso usually can waive immediately.

 

[mynickname]

Talk to cso usually can waive immediately.

Dark ages bank

 

[Nanonited]

Yeah 10charz

tyvm!

Btw i tried reading the boc smartsaver t&c, no where does it state that bill payment is excluded from card spend interest criteria clocking.

Am i missing something here cause it seems everyone is saying bill payment using the debit card is not counted as spend anymore.

Is it because it is not a retail/online transaction?

Thank you

 

[edens_guards]

Btw i tried reading the boc smartsaver t&c, no where does it state that bill payment is excluded from card spend interest criteria clocking.

"Enjoy 0.35% p.a. Payment bonus interest when you successfully complete 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function."

Do A = via GIRO is counted
Do B = BOC Internet Banking/BOC Mobile Banking Bill Payment function is counted
You do C = Debit Card spend, not counted

Am i missing something here cause it seems everyone is saying bill payment using the debit card is not counted as spend anymore.

Not counted since day 1

 

[Trazora]

tyvm!

Btw i tried reading the boc smartsaver t&c, no where does it state that bill payment is excluded from card spend interest criteria clocking.

Am i missing something here cause it seems everyone is saying bill payment using the debit card is not counted as spend anymore.

Is it because it is not a retail/online transaction?

Thank you

The following transactions do not qualify for this bonus:

Cash withdrawal
Fees or charges
Funds transfer or cash advance
Transactions on BOC Cards that are terminated or unsuccessful
The unposted amounts under Installment Payment Plan (“IPP”) and Flexi-Balance transactions
Any amount charged to your BOC Debit or Credit Cards that is subsequently cancelled, voided or reversed
AXS payments (transactions via all AXS channels, including AXS station, AXS e-station, AXS m-station, etc.)
Any other transactions BOC may determine as not eligible for Card Spend bonus from time to time without prior notice.

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

 

[pcmdan]

"Enjoy 0.35% p.a. Payment bonus interest when you successfully complete 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function."

Do A = via GIRO is counted
Do B = BOC Internet Banking/BOC Mobile Banking Bill Payment function is counted
You do C = Debit Card spend, not counted



Not counted since day 1

Not true...it was working for some time before it stopped haha

 

[longfart]

Hi, is this BOC SmartSaver a savings account which allows me to withdraw anytime? Does it provide higher interest rates than the normal POSB Savings account?

 

[shpesft]

Hi, is this BOC SmartSaver a savings account which allows me to withdraw anytime? Does it provide higher interest rates than the normal POSB Savings account?

Yes: Its a savings account. Can use as a normal account, i.e. Giro, daily transfers, Internet banking, ATM transactions etc

The interest depends on how many criteria you can meet. The highest interest is 3.55% (for the first $60k) as compared to 0.05% for most normal savings account.

 

[longfart]

Yes: Its a savings account. Can use as a normal account, i.e. Giro, daily transfers, Internet banking, ATM transactions etc

The interest depends on how many criteria you can meet. The highest interest is 3.55% (for the first $60k) as compared to 0.05% for most normal savings account.

Thanks for your reply. Wow, that interest rate seems pretty high.
If I do not meet any of the criteria, is BOC’s base interest rate (for savings acct with full liquidity) the highest among all the banks?

 

[shpesft]

From their website:
http://www.bankofchina.com/sg/bocinfo/bi3/201002/t20100207_961728.html

SGD Savings Account Interest Rate
Below SGD5,000.00 0.250%
SGD5,000.00 and above 0.275%
SGD20,000.00 and above 0.350%
SGD50,000.00 and above 0.400%
SGD100,000.00 and above 0.475%

You will have to go online to check the rates amongst the various banks

 

[longfart]

From their website:
http://www.bankofchina.com/sg/bocinfo/bi3/201002/t20100207_961728.html

SGD Savings Account Interest Rate
Below SGD5,000.00 0.250%
SGD5,000.00 and above 0.275%
SGD20,000.00 and above 0.350%
SGD50,000.00 and above 0.400%
SGD100,000.00 and above 0.475%

You will have to go online to check the rates amongst the various banks

Thanks again for the info. I’ll have a look at the rates of other banks.

 

[pcmdan]

Thanks again for the info. I’ll have a look at the rates of other banks.

If u can't meet any criteria...and wan the ability to withdraw freely...try CIMB. 1%

 

[longfart]

If u can't meet any criteria...and wan the ability to withdraw freely...try CIMB. 1%

I’ll check that out too, thanks for the recommendation!

 

[Purplestars]

Anybody pay Singtel bills through online banking?

What do you use for bill reference, your singtel account number? And IC for iras?

How long does it take for payment to go through?

 

[pcmdan]

Anybody pay Singtel bills through online banking?

What do you use for bill reference, your singtel account number? And IC for iras?

How long does it take for payment to go through?

Wouldn't advise u to pay singtel bill via their online banking. U basically get 0 rebate. Use a credit card to pay it..

Use their online banking to pay ur credit card makes more sense

Their online banking (nv try for singtel b4) but for credit card pay during weekdays...next day should be able to reflect liao...at most 2 days.

 

[Purplestars]

Wouldn't advise u to pay singtel bill via their online banking. U basically get 0 rebate. Use a credit card to pay it..

Use their online banking to pay ur credit card makes more sense

Their online banking (nv try for singtel b4) but for credit card pay during weekdays...next day should be able to reflect liao...at most 2 days.

I dun have that many credit cards, need to pay one bill to make 3 bills....