BOC SmartSaver

[demoforce1]

1.25% for $500 credit card spending, 6k salary and 3 bill payment
for excess fund, put to 1% to singlife or 0.875% in RHB

what card do you use now from boc?

 

[AlvinDj]

Not sure if they gonna further revise, otherwise,

if hit 6k salary credit, pay 3 bills, spend $500 even on debit card, maintain at least 80k, still able to get 1.65% ?

There is a bonus stating if deposits kept within 80k to 1 mil, will enjoy additional 0.40%

Now can apply the account online as well, no need go down branch..

 

[Trazora]

Not sure if they gonna further revise, otherwise,

if hit 6k salary credit, pay 3 bills, spend $500 even on debit card, maintain at least 80k, still able to get 1.7% ?

Now can apply the account online as well, no need go down branch..

1.25% not 1.7%

 

[AlvinDj]

1.25% not 1.7%

Sorry I corrected the above because due to the extra bonus if above 80k... It's actually 1.65% ? Correct me if I'm wrong..

as there is an added bonus of 0.4% if above 80k

 

[Trazora]

Sorry I corrected the above because due to the extra bonus if above 80k... It's actually 1.65% ? Correct me if I'm wrong..

as there is an added bonus of 0.4% if above 80k

No. The bonus interests for card spend+ salary+bill payment only apply up to $80k balance. The amounts above $80k only get 0.4%+base interest.

 

[Squaredot]

just to add, base interest is as follow:
below S$20k: 0.1%
20k to < 100k: 0.15%
100k and above: 0.2%

 

[AlvinDj]

No. The bonus interests for card spend+ salary+bill payment only apply up to $80k balance. The amounts above $80k only get 0.4%+base interest.

Oh oh! I totally misinterpreted it then.. my apologies..

Just curious, for the $500 minimum spending if based on Debit card spend, is topping up GPMC etc, considered eligible spending?

I have checked the SmartSaver T&Cs no outright excluding such transactions to qualify for "Card Spend" bonus interest.. for eg. quasi cash or MCC6540

 

[Trazora]

Oh oh! I totally misinterpreted it then.. my apologies..

Just curious, for the $500 minimum spending if based on Debit card spend, is topping up GPMC etc, considered eligible spending?

I have checked the SmartSaver T&Cs no outright excluding such transactions to qualify for "Card Spend" bonus interest.. for eg. quasi cash or MCC6540

As per what u read.

 

[ekardo]

what card do you use now from boc?

any card will do, but I am using the family card..

 

[jt6118]

Seems like this is the best account if you hit >6k salary, cc spend and the 3 bills right

 

[RedsYWNA]

Seems like this is the best account if you hit >6k salary, cc spend and the 3 bills right

For up to $100k, DBS Multiplier is by far, the best account.

For > $100k and fuss-free, BOC's 0.6% is indeed hard to beat.

 

[jt6118]

For up to $100k, DBS Multiplier is by far, the best account.

For > $100k and fuss-free, BOC's 0.6% is indeed hard to beat.

I think since I only can meet the income + cc spend. It only qualifies for the income +1 category which is limited up to 10k only

 

[Trazora]

I think since I only can meet the income + cc spend. It only qualifies for the income +1 category which is limited up to 10k only

You mean for dbs multiplier? Income+cc should qualify for bonus interest on $25k. Anyway very easy to clock in say investment in posb investsaver or insurance for higher tier interest.

 

[Squaredot]

Just realised interest for SuperSaver was credited on 8 Oct.
No SMS alert for this new account whereas Smartsaver has SMS alert. Probably have to get it set up somewhere but I have forgotten

 

[cyberexploreri]

Just realised interest for SuperSaver was credited on 8 Oct.
No SMS alert for this new account whereas Smartsaver has SMS alert. Probably have to get it set up somewhere but I have forgotten

Likewise, I did not receive any SMS alert, wrt interest credited to my Super Saver account.

 

[Squaredot]

Likewise, I did not receive any SMS alert, wrt interest credited to my Super Saver account.

can't set alert online. Not sure last time how it was done for SmartSaver

anyone knows?

 

[Moowoow]

The base interest is now 0.15% rite?

 

[chiokcc]

The base interest is now 0.15% rite?

https://www.bankofchina.com/sg/bocinfo/bi3/201002/t20100207_961728.html

SGD Savings Account Interest Rate
Below SGD5,000.00 0.1000
SGD5,000.00 and above 0.1000
SGD20,000.00 and above 0.1500
SGD50,000.00 and above 0.1500
SGD100,000.00 and above 0.2000

 

[Greenleaf06]

You mean for dbs multiplier? Income+cc should qualify for bonus interest on $25k. Anyway very easy to clock in say investment in posb investsaver or insurance for higher tier interest.

Hi Trazora, would u be able to advise how to clock in for posb investsaver or insurance?

 

[vsvs24]

Hi Trazora, would u be able to advise how to clock in for posb investsaver or insurance?

There is a DBS multiplier thread. Go and read there.