HSBC EGA Savings Promo: Get up to 4.05% to 4.25% p.a. For December 2024 and January 2025
We are in the last month of 2024, and with the new month comes another HSBC EGA savings promo. For the months of December 2024 and January 2025, get between 3.05% to 3.25% p.a. interest with the promo together with the base interest rate. This is given on top of HSBC Everyday+ programme’s 1% p.a. bonus interest.
Depending on the customer segment and/or amount of funds placed, it’s possible to get between 4.05% to 4.25% p.a. interest on your funds.
Promo Details
To qualify, you need to register by sending the following text message to 74722 from 1st to 31st December 2024:
EGA<space>First 9-digit of their Everyday Global Account number (e.g. EGA 123456789)
Those who have registered for October or November’s EGA promo will not qualify.
If you don’t have an account, you can sign up here.
Based on your banking relationship with HSBC, this is the bonus interest you can expect to receive for fresh funds under this promo:
| Account Type | Prevailing Interest Rate | Bonus Interest Rate | Total Interest Rate |
| Premier Elite | 0.05% p.a. | 3.20% p.a. | 3.25% p.a. |
| Premier (Incremental Balance ≥ S$2,000,000) | 0.05% p.a. | 3.20% p.a. | 3.25% p.a. |
| Premier (Incremental Balance < S$2,000,000) | 0.05% p.a. | 3.05% p.a. | 3.10% p.a. |
| Personal Banking | 0.05% p.a. | 3.00% p.a. | 3.05% p.a. |
Please note that this article is my interpretation of the terms and conditions found here and you should refer to that document for exact details.
1% p.a. bonus interest for meeting HSBC Everyday+ Rewards programme
An additional 1% p.a. interest is awarded for meeting the HSBC Everyday+ Rewards programme. This has been an ongoing programme and all you need to do within the month is to do the following:
- Deposit a minimum of S$2,000 (or S$5,000 for Premier customers) in the HSBC EGA Account
- Make at least 5 transactions
These 5 transactions can be credit/debit card transactions or even FAST/PayNow transactions to other bank accounts. See the terms and conditions here.
The bonus interest of 1% p.a. will be capped at S$300. This is maxed out with about S$365,000 ADB in months with 30 days and roughly S$353,000 ADB in months with 31 days.
To get the most optimal yield – place funds for a single month
Note that the promo takes November 2024 to be the reference month while Everyday+ takes the month before. This means that you would only be able to stack both the promo’s interest and Everyday+’s interest in a single month.
Example
For a personal banking customer with S$0 in their HSBC EGA and places in S$100,000 across December 2024 and January 2025, this is what they can expect:
| November 2024 | December 2024 | January 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 | ✅ 3.00% p.a. on S$100,000 | ✅ 3.00% p.a. on S$100,000 |
| Everyday+ Interest | N/A | ✅ 1% p.a. on S$100,000 | ❌ N/A (S$0 increase from previous month) |
| Effective Yield | N/A | 4.05% p.a. | 3.05% p.a. |
Notably, Everyday+ interest is received only on the first month because when the second month (January 2025) comes along, the S$100,000 is no longer considered “fresh” since Everyday+ compares it to December’s balance (i.e. the balance of the month before).
Subscribe for more deals and updates!
If you’re someone who wants to earn more from credit cards, savings accounts and other financial deals, stay subscribed to the Telegram or WhatsApp so you can be notified of news and deals. Remember to unmute and turn on notifications or the updates may not reach you.
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.
Subscribe to the channel for free updates!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).