GXS Promo: Get up to 3.2% p.a. on Fresh Funds For 5 Months

As saving interest rates continue to falter, here is a savings promo from GXS to consider. In an email sent out to customers, the digital bank is offering up to 3.20% p.a. for 5 months if customers deposit fresh funds into your GXS account by 27th February 2025.

If you don’t have a GXS account yet, sign up with code SETH877. You will get S$10 if you use the code and apply for a GXS FlexiCard as well.

Promo Details

To qualify, you need to deposit at least S$20,000 to S$50,000 by 27th February 2025 and hold it until 27th July 2025. Update: it appears that this promo may only be opened to those who receive the email from GXS

Fresh Funds	Cashback Reward	Extra Yield	Total Yield
S$20,000	S$58	0.71% p.a.	3.09% p.a.
S$30,000	S$88	0.71% p.a.	3.09% p.a.
S$40,000	S$118	0.72% p.a.	3.10% p.a.
S$50,000	S$168	0.82% p.a.	3.20% p.a.

Funds need to be held in the Main Account that offers 2.08% p.a. or a Savings Pocket that offers 2.38% p.a. Savings Pockets offer full liquidity, though you do need to first withdraw it to your Main Account (which can be done easily) before you can transfer it out of your GXS account. Since Savings Pockets offer higher interest rate, you would want to put your funds in a Savings Pocket instead of the Main Account.

Make sure to maintain the amount of fresh funds against your day-end balance as of 20th February 2025. For instance, if you have S$521 at the end of 20th February, you need to maintain at least S$50,521 every single day until 27th July 2025 to qualify for the S$168 rewards tier.

Note that Boost Pockets do not qualify for this promo.

SDIC Insured

As a digital bank, deposits with GXS Bank is insured under SDIC up to the prevailing limit which is currently S$100,000 per customer per bank.

Timeline

From info I could get from GXS’s email, this is the timeline of event to expect:

Date	What happens
27th February 2025	Last day to fund GXS account
27th February to 27th July 2025	Interest credited daily
27th July 2025	Last day to hold funds
28th July 2025	Funds can be withdrawn
By 15th August 2025	Cashback reward credited

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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

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