HSBC EGA Savings Promo February 2026: Get up to 3.08% p.a. From February to May 2026 For SGD Funds

Details for HSBC’s monthly promo for HSBC EGA are out for the month of February 2026 and this time the promo stretches across 4 months. From February to May 2026, accountholders can get up to 1.95% p.a. bonus interest on fresh funds in their HSBC EGA account. Qualifying funds can also enjoy bonus 1% p.a. from Everyday+ Rewards Programme.

Together with the account’s base interest of 0.05% p.a. and a 0.08% p.a. Booster Interest, accountholders can enjoy up to 3.08% p.a. on their incremental average daily balance.

Promo Details

Only accounts opened on or before 31st October 2025 can qualify. Those who are currently enrolled in previous promos are also not qualified to participate.

Option 1: SMS	Option 2: App
Send the following text message to 74722 from 1st to 28th February 2026:  EGA<space>First 9-digit of their Everyday Global Account number  (e.g. EGA 123456789)	Register via the HSBC Singapore app

Interest Tiers

To get bonus interest, the average daily balance (ADB) needs to be increased against the reference month of January 2026.

Customer Segment	Incremental  ADB	Prevailing  Interest Rate	February 2026 Bonus Interest Rate	March 2026 Bonus Interest Rate	April 2026 Bonus Interest Rate	May 2026 Bonus Interest Rate
Customers with wealth holdings	<S$1,000,000	0.05% p.a.	1.95% p.a.	1.95% p.a.	1.70% p.a.	1.60% p.a.
Customers without wealth holdings	<S$1,000,000	0.05% p.a.	1.75% p.a.	1.75% p.a.	1.50% p.a.	1.40% p.a.

Those increasing their average daily balance by at least S$1,000,000 will get slightly higher rates:

Customers are deemed to have wealth holdings if they hold Unit Trusts, Equities, Bonds, Structured Products, Regular Premium insurance policies and Single Premium insurance policies with HSBC by 30th June 2026. Foreign Exchange (FX) and Dual Currency Plus are not eligible. No minimum amount is specified.

New this month is a 0.08% p.a. Booster Interest Rate which is applicable to the months of March, April, and May 2026. The incremental ADB of these months must be equal or greater to the incremental ADB of February 2026.

HSBC states that bonus interest will be credited by 31st July 2026.

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.

Get 3% p.a. in February 2026 and 2.83% p.a. in April 2026

The way to optimise this promo that I can think of would be to place funds in on February 2026 and April 2026. This way, Everyday+ Rewards Programme’s 1% p.a. bonus will apply to both February and April’s balances.

You should also aim to make April’s incremental balance equal or higher than February’s so that the 0.08% p.a. booster will apply.

Emptying the account in May should also mean that it would be once again eligible for June 2026’s HSBC EGA promo (assuming it takes May 2026 as the reference month).

	January 2026	February 2026	March 2026	April 2026	May 2026
Balance	S$0	S$X	S$0	≥ S$X	S$0
Base Interest	N/A	✅ 0.05% p.a.	N/A	✅ 0.05% p.a.	N/A
Promo Interest	N/A	✅ 1.95% p.a.	N/A	✅ 1.70% p.a.	N/A
Booster Interest	N/A	N/A	N/A	✅ 0.08% p.a.	N/A
Everyday+ Interest	N/A	✅ 1% p.a.	N/A	✅ 1% p.a.	N/A
Effective Rate	N/A	3.00% p.a.	N/A	2.83% p.a.	N/A

Decent promo for one or two months

Given how interest rates have been on a downward spiral of late, this is a pretty decent promo in my opinion. Those who participated in the recent GXS Xmas promo may find this worthy of consideration.

One a side note: GXS’s Xmas promo’s cashback will be credited by 28th February 2026.

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 and do save a copy for your future reference.

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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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