BOC SmartSaver

[Squaredot]

yes, I am back....1.25% is still higher than most banks..

up to 100k...

rhb only 0.875 for 100k..even singlife 1% is higher..

1.25% is what account and how much deposit?

 

[NTTDoCoMo]

1.25% is what account and how much deposit?

1.25% is referring to BOC SmartSaver for 80K.

Spend at least S$500 posted in a month by using BOC Cards - 0.30%
Monthly salary crediting of S$6,000 and above - 0.50%
Perform at least 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function - 0.30%
Base Interest - 0.15%

 

[Squaredot]

1.25% is referring to BOC SmartSaver for 80K.

Spend at least S$500 posted in a month by using BOC Cards - 0.30%
Monthly salary crediting of S$6,000 and above - 0.50%
Perform at least 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function - 0.30%
Base Interest - 0.15%

oooh
But maple and I were comparing based on base+card spend+pay 3bills earn less than SuperSaver.

OCBC 360 also paying 1.25%, easier without card spend and bills. Just salary +increase $500 ADB but cap at 70k. I prefer 360

 

[Cumzilla]

1.25% is referring to BOC SmartSaver for 80K.

Spend at least S$500 posted in a month by using BOC Cards - 0.30%
Monthly salary crediting of S$6,000 and above - 0.50%
Perform at least 3 bill payments of at least S$30 each via GIRO or BOC Internet Banking/BOC Mobile Banking Bill Payment function - 0.30%
Base Interest - 0.15%

obviously ocbc 360 is easier to hit, not everyone can achieve a take home pay of 6k and above.

 

[itchying]

Hello experts

What is boc supersaver? Think got 0.86% for 80k just do nothing? Can have both sole smartsaver and supersaver? Tia

 

[NTTDoCoMo]

Hello experts

What is boc supersaver? Think got 0.86% for 80k just do nothing? Can have both sole smartsaver and supersaver? Tia

BOC SuperSaver Information can be found at - https://www.bankofchina.com/sg/pbservice/pb1/202007/t20200731_18246928.html

 

[NTTDoCoMo]

obviously ocbc 360 is easier to hit, not everyone can achieve a take home pay of 6k and above.

Yes, agree that OCBC 360 is easier to hit. I'm just clarifying how the 1.25% is computed.

 

[cassowary18]

BOC SuperSaver Information can be found at - https://www.bankofchina.com/sg/pbservice/pb1/202007/t20200731_18246928.html

BOC SuperSaver: 0.875% on 80K
CIMB FastSaver: 0.825% on 100K

Comparing both, BOC SuperSaver has a slightly better interest rate. HOWEVER, do you really want to deal with BOC? CIMB's ibanking and mobile banking isn't that great, but BOC's is much, much worse.

 

[ekardo]

never like ADB or incremental..I dun get pay rise every month..

I thot BOC 1.25 smart saver quite straightforward but maybe becos it's a routine for me already for a few years..

 

[Squaredot]

BOC SuperSaver: 0.875% on 80K
CIMB FastSaver: 0.825% on 100K

Comparing both, BOC SuperSaver has a slightly better interest rate. HOWEVER, do you really want to deal with BOC? CIMB's ibanking and mobile banking isn't that great, but BOC's is much, much worse.

I have both, both ibanking sama sama lah need some time to familiarise, they are alright.

 

[Squaredot]

never like ADB or incremental..I dun get pay rise every month..

I thot BOC 1.25 smart saver quite straightforward but maybe becos it's a routine for me already for a few years..

It's your choice.
Your salary 6k so difficult to save $500 meh

 

[demoforce1]

never like ADB or incremental..I dun get pay rise every month..

I thot BOC 1.25 smart saver quite straightforward but maybe becos it's a routine for me already for a few years..

when you get salary credit, just left $500 every month should be sufficient to fulfill the criteria

 

[ekardo]

In another word, salary crediting easier for me than to have adb.

 

[ekardo]

anyway...ocbc dropping to 1.08% from 1 Oct..

https://www.ocbc.com/personal-banking/campaign/360account-wef-1oct20.page

 

[bobby6679]

BOC is delaying the issue of ss interests and cc rebates, to give us more time to accept the drops

 

[demoforce1]

BOC is delaying the issue of ss interests and cc rebates, to give us more time to accept the drops

what do you mean with delaying?
Do they keep the previous rate?

 

[bobby6679]

I mean delaying the pay out date compared with previous months.

 

[Trazora]

I mean delaying the pay out date compared with previous months.

Maybe will be out soon later today

 

[kashanai]

The interest is in. It’s actually considered early

 

[Squaredot]

Bonus interest credited liao.
Rec'd SMS alert of interest credit @17.46pm. Last month @17.05pm. No diff lah.