Bankbazaar Singapore – February 1, 2018
Singapore: Welcoming the Chinese New Year, HSBC has announced a special bonus interest rate promotion on SGD savings. Under the offer, the bank will provide both new and existing customers a chance to earn up to 9.88% interest on their SGD savings. The offer, which ends on 28 February 2018, is applicable only to Advance, Premier, and Statement Savings accounts.
According to the bank, eligible customers can earn up to 1.5% p.a. as bonus interest, 0.95% p.a. as Debit Card Additional Bonus Interest, 0.73% p.a. as Remittance Additional Bonus Interest, and up to 6.7% p.a. as Insurance Additional Bonus Interest.
Bonus Interest: You can earn up to 1.5% p.a. as Bonus Interest, depending on your account type (Advance, Premier, or Statement Savings). The top-up amount must be at least S$1 but not more than S$2 million.
Debit Card Additional Bonus Interest: You can earn 0.95% p.a. as additional interest if you spend at least S$500 on your HSBC debit card in a month. Your top-up amount must be between S$1 and S$100,000 to enjoy this interest.
Remittance Additional Bonus Interest: You will earn an additional interest of 0.73% p.a. for making remittances involving foreign exchange transactions via HSBC’s Worldwide Transfer system. The remitted amount should not be more than S$100,000.
Insurance Additional Bonus Interest: If you purchase an eligible insurance policy from HSBC during the offer period, you will enjoy extra interests of up to 6.7% p.a. The insurance policies eligible for this promotion include GrowthInvest (USD), GrowthInvest (SGD), and Savings Accumulator Plus.
If you are a new customer, you will have to open an Advance, Premier, or Statement Savings account to be eligible for this promotion. If you are an existing customer holding any of these three accounts, you will have to register for this promotion through the bank’s website.