HSBC Savings Promo December 2023: Up To 4.6% P.A. For Minimum S$50,000 Fresh Funds

For December 2023, HSBC is offering HSBC Everyday Global Account (EGA) customers – new and existing alike – up to 4.60% p.a. on a minimum top-up amount of S$50,000. This is made up of a bonus 3.60% p.a. from this promo and 1% p.a. interest from completing HSBC Everyday+ Rewards Programme.

Thanks to DT from the chat

Promo details

This promo is opened to new and existing banking customers alike. If you don’t yet have a HSBC EGA, sign up here first. If you have a HSBC credit card, you may run into issues applying for HSBC EGA online and may have to apply at a physical branch instead.

To qualify, you need to perform the following:

TaskDetailsBonus InterestMaximum
Send SMSSend SMS to 74722
EGA<space>First 9-digit of their Everyday Global Account number (e.g. EGA 123456789)
Top UpTop up minimum S$50,000 (compared to November 2023 average daily balance)3.55% p.a.S$2,000,000 top up
Complete Everyday+ Rewards Programme5 eligible transactions with HSBC card or funds transfer to a non-HSBC account

Deposit S$2,000 monthly (S$5,000 for Premier)
1% p.a.Approximately S$360,000
Please refer to terms and conditions for exact details

Note that the bonus interest is awarded on incremental deposits only compared to your November 2023 monthly average balance. If your average balance is S$40,000 in the month of November 2023 and you deposit an additional S$70,000 in December, only that incremental S$70,000 will get the bonus interest, not the entire S$110,000. 

Interest rate earned 

Assuming your November 2023 balance is S$0 you can expect to get the following interest rates:

November 2023December 2023January 2024
Hypothetical BalanceS$0S$50,000S$50,000
Interest RateN/A4.60% p.a.
(0.05% base interest +
3.55% p.a. bonus interest from promo +
1% p.a. bonus interest from Everyday+)
3.60% p.a.
(0.05% base interest +
3.55% p.a. bonus interest from pomo)

Do note that the Everyday+ 1% bonus has cap of S$300 interest. That is approximately S$360,000 of average daily balance.

More savings promos?

There should be a few more savings promos coming up in the month of December. Stay subscribed for updates!

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