HSBC EGA Savings Promo: Get up to 4.05% to 4.55% p.a. For November and December 2024
It’s the start of a new month and that means we have yet another HSBC EGA savings promo upon us. For the months of November and December 2024, you can look forward to getting anywhere between 3% to 3.5% p.a. bonus interest on top of HSBC Everyday+ programme’s 1% bonus interest on fresh funds.
Depending on which customer segment you belong to, you can get as much as 4.05% to 4.55% 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 30th November 2024:
EGA<space>First 9-digit of their Everyday Global Account number (e.g. EGA 123456789)
If you don’t have an account, you can sign up here.
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.
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 | November | December |
| Premier Elite | 3.40% p.a. | 3.50% p.a. |
| Premier (Incremental Balance ≥ S$2,000,000) | 3.40% p.a. | 3.50% p.a. |
| Premier (Incremental Balance < S$2,000,000) | 3.05% p.a. | 3.10% p.a. |
| Personal Banking | 3.00% p.a. | 3.05% p.a. |
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.
Example
Note that the promo takes October 2024 to be the reference month while Everyday+ takes the month before. For someone with S$0 in their HSBC EGA and places in S$100,000 across November and December 2024, this is what they can expect:
| October 2024 | November 2024 | December 2024 | |
| 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 | 3.05% 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. | 3.10% p.a. |
Notably, Everyday+ interest is received only on one month because when December comes along, the S$100,000 is no longer considered “fresh” since Everyday+ compares it to November’s balance.
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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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Hi just checking, will I get extra 1% if I deposit $200,000 on 2December 2024. My Average daily balance for November 2024 is $100,000. Please enlighten me. Thanks so much.