BOC SmartSaver

sgbird

sgbird

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jeremysv said:
With effect 1st Jan 2023, here are the adjusted BOC rates for SmartSaver:

Monthly SpendBonus Interest Rate (p.a.)
S$500 to S$1,500 (exclusive)
0.50%​
S$1,500 and above
0.80%​
Amount of SalaryBonus Interest Rate (p.a.)
S$2,000 to S$6,000 (exclusive)
1.90%​
S$6,000 and above
2.50%​

Enjoy 0.90% p.a. Payment bonus interest when you successfully complete 3 bill payments of at least S$30 each via GIRO or Internet Banking/ Mobile Banking Bill Payment function.

Min % for hitting the above 3 categories = 0.5% + 1.9% + 0.9% = 3.3%

Updated Rates link for SmartSaver:
https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348761.html
Click to expand...

I think I can easily hit the above 3 categories with higher tiers = 0.8% + 2.5% + 0.9% = 4.2%, plus the base interest is around 0.25% for first 100K, easy to hit 4.45% with 100K deposit
 
direbmem

direbmem

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sgbird said:
I think I can easily hit the above 3 categories with higher tiers = 0.8% + 2.5% + 0.9% = 4.2%, plus the base interest is around 0.25% for first 100K, easy to hit 4.45% with 100K deposit
Click to expand...
But have you maxed out UOB 1st already? UOB is 5%pa and requires spending $500 only. If not because I need to spend 500/mth with UOB, I would have choose BOC as well.
 
revhappy

revhappy

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sgbird said:
I think I can easily hit the above 3 categories with higher tiers = 0.8% + 2.5% + 0.9% = 4.2%, plus the base interest is around 0.25% for first 100K, easy to hit 4.45% with 100K deposit
Click to expand...
I am planning to use this as my salary account going forward. Are all BOC cards included for the CC spend?
 
OngHuatHuat

OngHuatHuat

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sgbird said:
I think I can easily hit the above 3 categories with higher tiers = 0.8% + 2.5% + 0.9% = 4.2%, plus the base interest is around 0.25% for first 100K, easy to hit 4.45% with 100K deposit
Click to expand...
Base Interest 0.4% for 100 K up. 0.3% for 50 to 100 K
 
Ronaldo88

Ronaldo88

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v.Extra Savings Bonus Interest is not applicable to all savings amount?

Screenshot-2023-01-04-11-03-51-226-edit-com-android-chrome.jpg


I am thinking of whether shld make the hassle of transferring Maybank 0.95% out to boc 0.5 cc spend+1.9 salary+0.9=3.3%
 
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V

vsvs24

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Cumzilla said:
Does it mean if you have 110k, the extra savings interest only applies to the 10k and not the 1st 100k?
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Yes. The $10k (amount above $100k) gets 1% only. Extra saving bonus 0.6% + 0.4% base interest.

Note that the balance is average monthly balance. So if you did not deposit on 1st day of the month, need to work out the monthly average
 
V

vsvs24

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jt6118 said:
any recommendations what are the best BOC cards to be used for spending of 600-800 monthly?
Click to expand...
BOC Family card if you can hit $800 monthly. Good for dining. And one of the few cards that give rebate for hospital.
 
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