BOC SmartSaver

[yiron]

heck, smartsaver also got demoted further due to changes to prevailing rate to a flat 0.2%.

https://www.bankofchina.com/sg/bocinfo/bi3/bi33/202508/t20250801_25436405.html

So this now becomes 2.35% (no longer 2.55%) from 1 Aug 2025

That's depressing, think I'll probably move out of BOC. Hopefully one day BOC smartsaver will become competitive again and I'll move back.

 

[iadpotato]

heck, smartsaver also got demoted further due to changes to prevailing rate to a flat 0.2%.

https://www.bankofchina.com/sg/bocinfo/bi3/bi33/202508/t20250801_25436405.html

So this now becomes 2.35% (no longer 2.55%) from 1 Aug 2025

ok la, 2.35 still ok, i will still continue my finger exercise to hoop the hoops

 

[sgbird]

i stupidly still going through the hoops for this interest soon we will see these funds flow into income like instruments like reits liao

Gave up, Move to SCB Bonus Saver

 

[ThreeSteps]

BOC SmartSaver (Effective from 1 August 2025): ​

https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348761.html

BOC SuperSaver (Effective from 1 August 2025):​

https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348756.html

 

[chiokcc]

Card spend
old - $1500: 0.80%pa of $100k = ~$66.70
old - $500: 0.50%pa of $100k = ~$41.70
new - $2500: 1.25%pa of $100k = ~$104.20
new - $750: 0.75%pa of $100k = ~$62.50

Bills payment
old - 0.90%pa of $100k = ~$75.00
new - 0.10%pa of $100k = ~$8.30

Guess the above two categories still apply .....

 

[ThreeSteps]

bonus interest credited.

 

[RedsYWNA]

Bonus interest for this month seems to be slower? Usually credited by 8th of the following month.

 

[HoGnix]

Bonus interest for this month seems to be slower? Usually credited by 8th of the following month.

its now so low, even lower than OA, So not interested.

 

[ericcsn]

Yes. Bonuses not in yet. Left just $200 since 1st sep 25

 

[60Remajust]

bonus interest is in.

supposed to be x3 for total around $180?

 

[s-ghost]

not much people talking about BOC FD which i thought usually have highest rate for the shortest period

borrow thread a bit, just curious, if i want to put FD in other currency, let's say USD10K USD, does it mean i am putting SGD12.8K into FD?

will then the interest payout be also in USD?

 

[iadpotato]

its now so low, even lower than OA, So not interested.

locked vs liquidity ma, how can like that compare.

if u like that compare, then all your cash savings dump into cpf loh, when need for emergency, go cry to voucher man.

 

[royalmix]

locked vs liquidity ma, how can like that compare.

if u like that compare, then all your cash savings dump into cpf loh, when need for emergency, go cry to voucher man.

Why cannot, unless you are below 55 years!

 

[iadpotato]

Why cannot, unless you are below 55 years!

ya 15 more years to go lol

 

[Shawny88]

Now effectively is only 1.85% interest for me…

salary 0.8%
cc spend 0.75%
Payment 0.1%
Prevailing rate 0.2%

 

[sgbird]

Now effectively is only 1.85% interest for me…

salary 0.8%
cc spend 0.75%
Payment 0.1%
Prevailing rate 0.2%

I gave up already, Moved cash to SCB

 

[Shawny88]

I gave up already, Moved cash to SCB

What is the interest at SCB?

 

[sgbird]

What is the interest at SCB?

Best can hit 5.5% with no so much efforts compared with BOC

 

[AlvinDj]

https://www.bankofchina.com/sg/bocinfo/bi1/202509/t20250929_25516577.html

Further nerf next month

 

[RedsYWNA]

https://www.bankofchina.com/sg/bocinfo/bi1/202509/t20250929_25516577.html

Further nerf next month

BOC Smartsaver dropped from 2.35% (max) to 1.6% (max) from 1 Nov. Time to shift all out, if haven't done so.