HSBC EGA Savings Promo August 2025: Get up to 3.50% p.a. From August to September 2025
The monthly EGA promo for August 2025 is out — get bonus interest of up to 2.45% p.a. on fresh funds deposited into HSBC EGA for the months of August and September 2025. In addition with the base interest rate of 0.05% p.a. and HSBC Everyday+ Rewards Programme’s 1% p.a. bonus interest, you can get as much as 3.50% p.a. for a month.
This is a tiny drop from last month’s promo but hey, these days having a small drop in interest rates can be considered good news when we have banks slashing rates left and right. However, do be reminded that HSBC Everyday Rewards Programme’s 1% cashback has been reduced to 0.5% starting this month.
HSBC Everyday Global Account
Monthly promos offering decent interest. Maintain S$50,000 of average daily balance and you can earn 8 miles per dollar with HSBC Revolution
New Accountholders
- S$1,600 Cash via PayNow; or
- Apple MacBook Air M4 15-inch 256GB (worth S$1,799); or
- 105,000 Max Miles(worth S$1,890)
Promotion is valid for new HSBC account customers only.
Successfully open an HSBC Premier account, deposit S$300,000 and maintain the balance for 6 months to be eligible for reward.
Promotion valid until 31st August 2026
For reference only; refer to exact details in terms and conditions
Promo Details
To qualify, you need to register by sending the following text message to 74722 from 1st to 31st August 2025:
EGA<space>First 9-digit of their Everyday Global Account number (e.g. EGA 123456789)
If your account is still participating in another deposit related promotion (e.g. registered for July’s promo), your account will not be eligible for this promo. Your account must also be opened on or before 30th April 2025.
Interest Tiers
| Customer Segment | Incremental ADB | Prevailing Interest Rate | Bonus Interest Rate | Total Interest Rate on Incremental ADB |
|---|---|---|---|---|
| Customers with wealth holdings | >S$0 | 0.05% p.a. | 2.45% p.a. | 2.50% p.a. |
| Customers without wealth holdings | >S$0 | 0.05% p.a. | 2.00% p.a. | 2.05% p.a. |
Bonus interest will be credited by 30th November 2025.
Wealth holdings
HSBC is giving higher interest for “customers with wealth holdings” and they are now more specific on the types of products that qualify for this. According to their terms, eligible wealth products means Unit Trusts, Equities, Bonds, Structured Products, Regular Premium insurance policies and Single Premium insurance policies, with the exclusion of Foreign Exchange (FX) and Dual Currency Plus.
Customers must hold at least one of these products by 31st October 2025. Like before, there is no minimum specified, so you should be able to get the higher interest by having a small amount in investments with the bank.
1% p.a. bonus interest for meeting HSBC Everyday+ Rewards programme
An additional 1% p.a. interest is awarded on fresh funds (compared to the preceding month) for meeting the HSBC Everyday+ Rewards programme.
Take note that this bonus interest will end from 1st July 2026 onwards.
You can get 3.50% p.a. for one month
Together with HSBC Everyday+ programme, you can get as much as 3.05% p.a. (customers without wealth holdings) or 3.50% p.a. (customers with wealth holdings) — but only for one month. This is because the bonus interest of Everyday+ programme is applicable only to fresh funds compared to the previous month.
The promo rate of 2.05% (or 2.50%) p.a. rate will still apply to fresh funds on both August and September 2025 compared to July 2025’s balance.
| July 2025 | August 2025 | September 2025 | |
|---|---|---|---|
| Hypothetical Average Balance | S$0 | S$100,000 | S$100,000 |
| Base Interest | N/A | ✅ 0.05% p.a. on S$100,000 | ✅ 0.05% p.a. on S$100,000 |
| Promo Interest | N/A | ✅ 2.00% / 2.45% p.a. on S$100,000 | ✅ 2.00% / 2.45% p.a. on S$100,000 |
| Everyday+ Interest | N/A | ✅ 1% p.a. on S$100,000 | ❌ No fresh funds compared to July 2025 |
| Effective Rate | N/A | 3.05% p.a. / 3.50% p.a. | 2.05% / 2.50% p.a. |
Good holding account for one month
Today happens to be the day I am reallocating funds from my OCBC 360 too, so this is a good holding account for up to a month before I put the funds to better use elsewhere.
In fact, you can also register for this promo and fund only in September 2025 to get the full 3.50% p.a. at that point of time. This would be beneficial if you are worried that the HSBC EGA promo for September 2025 would be weaker than this month’s… you know, when it’s time to reallocate funds in your UOB One account.
See terms and conditions for full details
Please note that this article is based on my understanding of the terms and conditions. Refer to the document for exact details.
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Thankfully, HSBC EGA has more or less maintained its rates despite other major banks cutting rates for popular savings accounts. While the rates may apply only to fresh funds, EGA continues to be a great place for temporarily holding funds given you can get as much at least 3% p.a. if you stack the promo with HSBC Everyday Rewards Programme.
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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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