What happened?

GXS Bank (GXS) has opened up the GXS Savings Account to all eligible individuals in Singapore. This means that you will now be able to open up an account with GXS Bank, even if you were not able to get on the waitlist when it launched in Singapore last year.  More importantly, GXS has also increased the maximum deposit amount for the GXS Savings Account to S$75,000 per account from S$5,000 previously. Customers with GXS can set up different Savings Pockets for their savings goals, and earn 3.48% per annum in interest currently.  If you have not heard about the GXS Savings Account, let’s find out if this is a savings account that is worth considering.

What is the GXS Savings Account?

The GXS Savings Account is a savings account offered by GXS, one of the digital banks licensed by the Monetary Authority of Singapore (MAS).  GXS  is...