• BOC Savings Account

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    BOC or Bank of China is one of the best banks across the globe that offers attractive financial products and services. The solutions provided by this particular bank come with immense flexibility and innovation. Saving money is of utmost importance. If you want your money to grow by earning substantial amount of interest on it, you can choose a savings account offered by the Bank of China.

    Types of Bank of China Savings Account

    There are different types of savings accounts offered by Bank of China. These are as follows:

    • Gold Savings Account.
    • Future Savers Account.
    • SGD Savings Account.
    • Multi Currency Savings Account.

    The Savings Accounts offered by BOC come with a myriad of features and benefits. These are as follows:

    Gold Savings Account

    • This particular savings account has two major components – Gold Settlement Account and Gold Savings Account.
    • The Gold Savings Account is designed for trading and investing in gold.
    • Gold Settlement Account, on the other hand, is designed for fund deposits and transaction settlements that are made through the Gold Savings Account.
    • The minimum amount that you must purchase is 5 grams.

    Future Savers Account

    • This particular account serves as your Singapore Dollar passbook savings account.
    • Joint account can be opened for a child below the age of 15 years with a legal guardian or parent as the principal applicant.
    • No minimum initial deposit is needed to open this account.
    • There are no penalty charges associated with this account.
    • There is no service charge for coin or cash deposit.
    • The service charge applicable on Standing Collection is waived off.
    • Enjoy lucrative rates of interest.

    SGD Savings Account

    • This particular account serves as your Singapore Dollar passbook savings account.
    • You can open a joint account or an individual account.
    • The minimum initial deposit that you must make to open the account is SGD 1,000.
    • If you minimum average balance is less that S$ 2,000 on a monthly basis, then a fall below fee of S$2 will be charged per month.
    • You can access your account via internet banking, phone banking and ATM card.
    • Enjoy outward and inward telegraphic fund transfers with China.
    • Avail lucrative rates of interest.

    Multi Currency Savings Account

    • Avail consolidated monthly statements for your account transactions.
    • You can open a joint account or an individual account.
    • The minimum initial deposit that you must make to open the account is SGD 1,500.
    • If you minimum average balance is less that S$ 1,500 on a monthly basis, then a fall below fee of S$3 will be charged per month.
    • You can access your account via internet banking, phone banking and ATM card.
    • Enjoy outward and inward telegraphic fund transfers with China.

     BOC Savings Account Interest Rates

    Account Name Min Interest Rates Max Interest Rates Min Deposit Amount Max Deposit Amount
    BOC SmartSaver 0.25% p.a. 3.55% p.a. S$1,500 Unlimited
    SGD Savings Account 0.25% p.a. 0.475% p.a. S$1,000 Unlimited
    Multi-Currency Savings Account - - S$1,500 Unlimited

    Note the following:

    • To know about the deposit amounts and interest rates for the Gold Savings account, contact BOC.
    • Values and rates are subject to change according to the bank’s discretion and without notice.

    Eligibility and Documents Required:

    Gold Savings Account

    A customer who is above 18 years of age and is a Singapore citizen or Permanent Resident can provide their NRIC for application. A foreigner older than 18 years must have a work permit or employment pass and can provide the pass along with passport and address proof for the application.

    SGD Savings Account

    Customers 15 years or older can apply for this account. Singapore citizens and Permanent Residents can apply using just their NRIC, but foreigners must hold a work permit, employment pass, or student pass and can apply by providing travel documents, proof of address and their pass.

    Multi-Currency Savings Account (MCS)

    Singapore citizens and Permanent Residents who are 18 years old and above can apply using their NRIC. Foreigners who are 18 years or older holding a work permit, employment pass or student pass can apply by providing travel documents, proof of address along with their pass.

    BOC SmartSaver

    As a savings plan for MCS account holders, this plan has the same eligibilities as the MSC account, and you can earn bonus interest depending on your eligible investment.

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