GXS has announced an increase in the maximum balance for its Savings Account to S$95,000, effective 20 March 2025. This change allows customers to earn approximately $2,288 (S$2,288) annually in compounding interest, compared to $1,806 (S$1,806) with the previous limit of S$75,000, offering an additional $480 (S$480) for reinvestment.
The GXS Savings Account aims to maximise customer savings by eliminating unnecessary fees and introducing daily interest crediting. The account features Saving Pockets and Boost Pockets, which help customers focus on their financial goals. Funds in Saving Pockets earn 2.38% per annum, whilst Boost Pockets offer up to 2.78% per annum, with no fees or complex requirements.
This enhancement reflects GXS’s commitment to providing a more rewarding savings experience, encouraging customers to grow their wealth efficiently. The increased balance limit and competitive interest rates position the GXS Savings Account as an attractive option for savers looking to optimise their returns.
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