With rising interest rates and more digital banks entering the market, savvy savers are increasingly looking for straightforward ways to earn more on idle cash. The GXS Savings Account offers a digital, no-fee savings option with daily interest crediting, providing flexibility without complex requirements.
To make it more attractive, GXS is currently running a promotion that offers cashback for every S$5,000 deposited. You can use the code AUDR190 to enjoy the benefits and rewards.
Use Code: AUDR190
What is the GXS Savings Account?
The GXS Savings Account is a fully digital savings account offered by GXS Bank, designed for everyday saving and spending. It allows users to manage their money through the GXS app, with features that prioritise simplicity and flexibility.
The GXS Savings Account is structured into three components, each designed for a different purpose: everyday spending, flexible saving, and higher-yield spare cash.
Component | Purpose | Interest (p.a.) | Core Features |
Main Account | Everyday spending | 1.08% | Daily interest; instant cashback with GXS Debit Card (min S$10 spend); link to Grab & Dash |
Saving Pockets | Goal-based saving | 1.18% | Up to 8 pockets; no lock-in; daily interest; no fees |
Boost Pocket | Spare cash for fixed periods | up to 1.3% | Tenures: 1, 3, 8, 12 months; base interest 1.08%; bonus on maturity; up to 3 pockets |
Which pocket should you use?
- Main Account → everyday transactions & cash flow
- Saving Pockets → short-term goals without locking funds
- Boost Pocket → cash you can set aside for higher returns
Key Features:
- Earn daily interest across all pockets
- No lock-in and no penalties
- Withdraw anytime, any amount
- Personalise each pocket to suit your goals
- No minimum balance required
- Zero fees on account and pockets
- Grab & Singtel Dash partnerships
- Enjoy 0.6% back in GrabCoins on eligible Grab transactions when paying with your linked GXS Savings Account
Current Promotion: 🎉 Ang Bao Flash Sale – Huat Campaign
- Promotion Period: 4-16 February 2026
- Eligibility:
- New GXS Savings Account (enter code AUDR190 when you download the app to sign up)
- Existing GXS Savings Account can qualify too!
- Reward
S$15 cashback for every S$5,000 of fresh funds deposited into a 3-month Boost Pocket named HUAT. The maximum cashback you can earn is $240.
Note: This is on top of the existing standard Boost Pocket base interest of 1.08% p.a.
Is It Worth It?
For a 3-months holding period, this extra cashback is equivalent to around 1.25% p.a., giving you a total of 2.33% p.a of annualized ROI, when we include the Boost Pocket interest. Since GXS does not have any hoops to jump through, it is definitely a good promotion to take advantage of, for those who have some spare idle cash lying around.
Key Details to Remember:
- Only fresh funds count (new money added, not transfers from other GXS accounts).
- Cashback is credited by 30 June 2026.
- Minimum deposits and pocket naming rules may apply.
- “Huat” Boost Pocket must be a new Boost Pocket opened and maintained until its maturity. Renamed existing Boost Pocket will not be eligible.
- Maintain a minimum Total Day End Balance that is equal to or greater than the Total Day End Balance as at the date of opening “Huat” Boost Pocket throughout the 3-month tenure
Who Is This For?
- Savers who want flexibility and bonus cash rewards.
- Users comfortable with digital banking for goal tracking (pockets) and transactions.
FAQs:
Yes, except Boost Pocket funds if they’re in a locked promo period.
Deposits are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000.
No minimum balance required.
Conclusion
The GXS Savings Account offers flexible saving options, daily interest across all pockets, and cashback bonuses through the Flash Sale campaigns. Whether you’re saving for short-term goals or setting aside spare cash, the account rewards both everyday spending and disciplined saving.
Don’t wait and sign up now!
