Nerfed: GXS Reduces Interest Rates From 11th February 2025
In an email dated 11th January 2025, GXS announced that it was revising interest rates. From 11th February 2025, GXS Savings Account rates will go down to as low as 2.08% p.a.
Reduced Rates
Rates are going down by 0.3% p.a. across the board except for Boost Pocket:
| Account Type | Old Rate | New Rate |
| Main Account | 2.38% p.a. | 2.08% p.a. |
| Savings Pocket | 2.68% p.a. | 2.38% p.a. |
Savings Pockets are like a sub-account within your GXS app that you can withdraw anytime, so there is very little reason to use the Main Account. If you are using GXS, you should transfer your funds to the Savings Pockets if you want liquidity, or to the Boost Pocket if you are okay to set it aside for 1 to 3 months.
Boost Pocket currently offering up to 2.98% p.a.
In its email, GXS states that Boost Pocket “continues to earn up to 2.98% p.a.” Boost Pocket works like a fixed deposit and subscribers can enjoy the published rate when they are entering into deposits of various terms.
Currently, the tenures and rates are:
| Tenure | Interest Rate |
| 1 month | 2.78% p.a. |
| 3 months | 2.98% p.a. |
Rates for Boost Pocket have steadily declined over the past few months. As far as I can remember, it was offering 3.28% p.a. a little while back before going down to 3.18% p.a. Now, the maximum rate now is 2.98% p.a. for a 3-month term and is subject to availability and change.
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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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