Bank of China is
dropping interest rates for BOC SmartSaver by 0.70% p.a. This is done by reducing the interest rate of the salary crediting category and the new rates will take place from 1st August 2025.
Interest Rates
| Category |
Current Interest Rate
(p.a.) |
New Interest Rate
(p.a.) From 1st August 2025 |
| Base Rate |
0.15% to 0.40% |
0.15% to 0.40% |
| Card Spend |
Spend S$750: 0.75%
Spend S$2,500: 1.25% |
Spend S$750: 0.75%
Spend S$2,500: 1.25% |
| Salary Crediting |
1.50% |
0.80% 🆕 |
| Bill Payment |
0.10% |
0.10% |
| Effective Rate on S$100,000
(Without Products) |
2.75% to 3.25% |
2.05% to 2.55% |
As usual, the rates will apply to the first S$100,000 balance.
With the rates for the salary crediting category slashed, the maximum possible interest rate achievable (without buying products) on the account for S$100,000 is
2.05% p.a. if you spend S$750 on an eligible BOC card, or
2.55% p.a. if you manage to hit S$2,500 of spend within the month.
More interest for purchase of financial products
| Category |
Current Interest Rate (p.a.) |
New Interest Rate
(p.a.) From 1st August 2025 |
| Wealth Bonus Interest |
2.75% |
3.00% 🆕 |
...
