Personal Finance
I’m Late To GXS Bank (Risk-Free 3.5%)
By Turtle Investor  •  March 4, 2023
Not exactly sure when it rolled out to the masses, but I chanced upon it one day on my Grab app calling out at me. Clicked (or rather, tapped) on it without checking if there’s any referral programs and minutes later, I’m earning passive income on my idle cash haha. That was back in 17th February 2023 and since then, I have given it a more thorough test by transferring funds in/out of the accounts multiple times to evaluate their responsiveness and it has passed with flying colours during my attempts. All my transfers were completed promptly without issues. Nice! After my trial period with $1000 in GXS, I was convinced enough to put in another $4000 to hit the temporary maximum account balance of $5000. To be honest, I am not expecting any safety issues pertaining to GXS Bank although it is one of the first digital banks in Singapore....
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By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that I’m actively pursuing now 🙂
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