With popular savings accounts cutting rates over the past year, people have started turning their attention to more obscure accounts. BOC SmartSaver is one such account, coming into the spotlight since news of OCBC 360’s rate drop broke.
While Bank of China isn’t exactly a small or new bank, it is certainly a lot less prominent than the big local names we are accustomed to. The bank now gets its time in the sun given how its BOC SmartSaver account might soon offer the highest interest rates for bank deposits once 1st May 2025 rolls along.
Get high interest based on fulfilling requirements
Typical of most high-interest savings accounts offered by banks, you have to unlock bonus interest based on common banking activities like card spend, salary crediting etc.
| Category | Interest Rate (p.a.) |
| Card Spend Credit or debit card |
0.50% (S$500 to S$1,499.99 spend)
0.80% (S$1,500 spend and above) |
| Salary Crediting (S$2,000 and above) |
2.50% |
| Payment 3 bill payments of at least S$30 each |
0.90% |
| Prevailing Interest Rates | 0.15% (Below S$5,000)
0.20% (S$5,000 to below S$20,000) 0.30% (S$20,000 to below S$100,000) 0.40% (S$100,000 and above) |
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