July's Fixed Deposit Rates Update - 1.18% p.a.at Bank of China

Bank of China will increase the Fixed Deposit promotion rates from 5th July.  The 12-month FD rates of 1.18% p.a. is highest in Singapore now.  The minimum deposit amount for BOC FD is S$50,000.

This promotion is valid for customers with fresh funds only, meaning it is not applicable for money transferred from existing BOC accounts.

There are few branches of BOC in Singapore:
1. Battery Road (BOC Building),
2. Chinatown branch (Furama Hotel),
3. Katong branch (188-192 East Coast Road),
4. Middle Road (BOC Plaza),
5. Maxwell Road (Maxwell House).

According to BOC's website, this promotion is for a limited period only.

Promotion Details:

 SGD Time Deposits Promotional Interest Rates % p.a.
3-Month6-Month9-Month12-Month
S$50,000 and above0.55%0.85%0.95%1.18%


Please let me know if there is better offer in the market.

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