GXS Bank review

The headline rate is 1.75% and it is variable, so interest is credited daily rather than locked to a term. That flexibility is the trade: the figure is under the 3.08% typical of savings accounts in the set.

No. GXS Bank runs a no monthly fee model, so the monthly fee is SGD 0, matching the €0 site median. The minimum deposit is also SGD 0, so a business can start small and hold the balance without a monthly charge.

Nothing is required. The stated minimum deposit is SGD 0, and the account ranks 1 of 370 brands on minimum deposit. Interest is credited daily, so a balance can start thin and build as the business sets money aside.

Yes. The account is easy access: interest is credited daily, there is no lock-in, and money can be withdrawn from the Saving Pocket back to the Main Account at any time. Nothing has to be committed for a set term first.

The licence names the Monetary Authority of Singapore as regulator in Singapore, and the banking entity behind the account is GXS Bank Pte. Ltd.. The savings product is built for the business segment, so the account is aimed at company money rather than private savings.

Yes. The service is flagged as digital only, so the account runs in the app rather than through a branch. Support is limited to help centre and chat, a help centre and chat, which suits people who prefer to sort things out in writing.

The debit card carries a currency conversion fee of 0%, under the 0.5% site median and far off the 7% top of the range. For a business holding balances in other currencies, conversion costs little against the 1.75% earned on savings.

The stated audience is business, so the account is built around company cash rather than personal savings. The no monthly fee model keeps the cost side at SGD 0, which leaves the decision resting on whether 1.75% is enough for the business.