Is the BOC SmartSaver (on Multi-Currency Savings Account) SDIC-insured?

Yes. The BOC SmartSaver (on Multi-Currency Savings Account) is SDIC-insured up to S$100,000 per depositor per member bank.

SAVINGS / Bank of China (Singapore)

BOC SmartSaver (on Multi-Currency Savings Account)

Q: What is the interest rate on the BOC SmartSaver (on Multi-Currency Savings Account)?

The BOC SmartSaver (on Multi-Currency Savings Account) pays a base rate of 0.1% p.a., up to 4.6% p.a. with bonus tiers. Prevailing interest 0.10% p.a. Bonus categories (first S$100,000): Wealth 3.00% (6 months), Card Spend 0.60% (S$750+)/0.90% (S$2,500+), Salary 0.50% (S$3,000+), Payment 0.10% (3 bills S$30+). Extra Savings 0.50% on S$100k-S$1M if any one of card/salary/payment met. Max 4.60% p.a. on first S$100,000. Rates effective 1 November 2025. Verified 4 Sept 2026 against the official Bank of China (Singapore) website.

Bank of China (Singapore) · Singapore · Verified 4 Sept 2026

BASE RATE

0.1% p.a.

MAX RATE (ALL TIERS)

4.6% p.a.

BALANCE CAP

S$100,000 (bonus interest on first S$100,000; extra savings bonus S$100,000-S$1,000,000)

■ BONUS TIER REQUIREMENTS

Salary credit REQUIRED — min S$3000/mo

Card spend REQUIRED — min S$750/mo

Bill payments (GIRO) REQUIRED — 3 bills

Insurance / investments via bank REQUIRED

SDIC insured YES — S$100,000 per depositor per member bank

Minimum balance S$200 minimum initial deposit; S$1,500 minimum monthly average balance to earn bonus interest

Monthly fee S$3 account service charge if monthly average balance falls below S$200

HOW THE RATE WORKS

Prevailing interest 0.10% p.a. Bonus categories (first S$100,000): Wealth 3.00% (6 months), Card Spend 0.60% (S$750+)/0.90% (S$2,500+), Salary 0.50% (S$3,000+), Payment 0.10% (3 bills S$30+). Extra Savings 0.50% on S$100k-S$1M if any one of card/salary/payment met. Max 4.60% p.a. on first S$100,000. Rates effective 1 November 2025.

SOURCE

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

Bank of China Singapore official BOC SmartSaver page (effective 1 Nov 2025: bonus categories and rates, min S$200 deposit, S$1,500 MAB for bonus, S$3 service charge) + bankofchina.com/sg/bocinfo/bi1/202509/t20250929_25516577.html (revision notice 29 Sep 2025)

Verified 4 Sept 2026. Rates change — always confirm on the official site.