UPDATE: HSBC is giving an exclusive LUNAR NEW YEAR EGA BONUS PROMOTION on February and March 2024— Earn up to 4.6% p.a on fresh funds + up to S$888 Hongbaos
How to Earn the 4.6% p.a:
- 3.55% p.a. Everyday Global Account Bonus Interest
- 0.05% p.a. Everyday Global Account’s prevailing interest rate
- 1% p.a when you complete Everyday+ Rewards Programme
Plus, get one S$8 lucky Hongbao for every S$50,000 you save!
Step 1: Register by sending an SMS to 74722 with the format below from February 1 – 29, 2024
- EGA<space>First 9-digit of the Everyday Global Account number (e.g. EGA 123456789)
Step 2: Top-Up— means you must increase your deposits from January 2024’s day-end balance
- Example Illustration on Top Up:
| Month | Day-End Balance |
| 31 January 2024 (Reference month) | S$50,000 |
| 10 February 2024 | S$150,000 |
| Top-up amount: | S$100,000 |
Bonus Interest will be paid to qualified customers on their incremental average daily balance for the months of February and March 2024 after they successfully register in this promotion.
| Prevailing Interest Rate | Bonus Interest Rate | Total Interest Rate on Incremental ADB |
| 0.05% p.a. | 3.55% p.a | 3.60% p.a. |
Step 3: In addition to the Bonus Interest, you can receive up to S$888 Hongbaos:
a. Lucky Hongbao of S$8 for every S$50,000 Top-Up, and
b. Bonus Hongbao at Top-Up amounts of S$300,000, S$500,000 and S$2,000,000
| Top-Up Amount | Lucky Hongbao Amount | Bonus Hongbao Amount | Total Hongbao Amount |
| S$300,000 | S$48 | S$40 | S$88 |
| S$500,000 | S$80 | S$108 | S$188 |
| S$2,000,000 | S$320 | S$568 | S$888 |
*Must top-Up the respective amounts by February 10, 2024 and maintain the funds in the Eligible Account till March 31, 2024.
Step 4: Complete Everyday+ Rewards Programme
- Additional 1.00% p.a. when you qualify for the HSBC Everyday+ Rewards Program
- Perform a minimum 5 eligible transactions with HSBC card or funds transfer to a non-HSBC account within the same calendar month
Check out the Terms and Conditions here
Important Notes:
- Where do they base the interests?
| Interest | Reference Month |
| 0.05% base interest | N/A |
| 3.55% p.a. bonus interest from this promo | January 2024’s average daily balance |
| Bonus Hongbaos | 31st January 2024’s day-end balance |
| 1% p.a. interest from completing HSBC Everyday+ programme | contrasted with the previous month’s average daily balance |
- The 1% p.a. bonus interest from Everyday+ is only applicable to Fresh Funds
- The HSBC Everyday+ program’s bonus 1% annual interest is only available on funds added during the preceding month. You will receive this 1% bonus for the month of February, for instance, if you topped off S$100,000 in February 2024 after having S$0 in your HSBC EGA account in January 2024. But come March 2024, this won’t qualify for the 1% annual bonus since it won’t be regarded as FRESH FUNDS
- When will the bonus interest be credited?
- Before any Bonus Interest or Lucky/Bonus Hongbao are paid, Eligible Customers must fulfill all Promotional requirements.
| Bonus Interest earning Period | Fulfillment Date |
| Existing Customers who already hold an Eligible Account: From 1 February 2024 until 31 March 2024 | May 31, 2024 |
