HSBC Everyday Global Account (EGA): Earn up to 2.65% p.a. on SGD in June before July changes

What happened?

HSBC has updated its June 2026 Everyday Global Account (EGA) bonus interest promotions.

From 1 June to 31 August 2026, eligible customers can earn up to 3.80% p.a. bonus interest on USD incremental fresh funds of up to US$5 million.

For SGD fresh funds, the June promotion runs from 1 June to 30 September 2026, with eligible customers able to earn up to 1.65% p.a. on SGD incremental fresh funds.

For now, the SGD promotion can still be stacked with the HSBC Everyday+ Rewards Programme in June. This brings the total potential rate to up to 2.65% p.a. for customers with wealth holdings.

However, members of the Beansprout community had noticed that the current 1.00% p.a. Everyday+ bonus interest would be removed from 1 July 2026.

At the same time, the prevailing SGD interest rate for the HSBC Everyday Global Account will be revised from 0.05% p.a. to 0.01% p.a. from 1 July 2026.

This means the headline SGD rate may look attractive in June, but we should not assume that the same rate will apply throughout the full promotion period.

In this article, we look at how the HSBC Everyday Global Account works, how the July 2026 changes affect the actual interest earned, and whether the account is still worth considering for your savings.

What is HSBC Everyday Global Account (EGA)?

The HSBC Everyday Global Account (EGA) is a multi-currency savings account that lets you hold, spend, and transfer in up to 11 different currencies.

This includes currencies such as the Australian dollar, Canadian dollar, Euro, Japanese yen, New Zealand dollar, British pound, Swiss franc, US dollar, Hong Kong dollar and Chinese renminbi.

The account is often used by savers who want to park fresh funds for promotional interest, while retaining access to a multi-currency account for travel, overseas spending or foreign currency transfers.

HSBC EGA also offers bonus interest promotions on both SGD and USD fresh funds, although the rates, reference month and payout timelines may differ.

What is the interest rate on the HSBC EGA?

The HSBC EGA June 2026 promotion has two main parts.

The key difference is that the USD promotion offers the higher headline rate, while the SGD promotion can be stacked with the Everyday+ Rewards Programme to reach a higher total rate on eligible SGD incremental balances.

One important thing to note is that the SGD promotion runs until September, but the 1.00% p.a. Everyday+ bonus interest will be removed from July.

This means the effective SGD interest rate changes after June.

June 2026 SGD EGA bonus interest promotion: Up to 2.65% p.a. in June 2026

Under the June SGD EGA bonus interest promotion, eligible customers can earn bonus interest on their SGD incremental average daily balance from 1 June to 30 September 2026.

The HSBC Everyday Global Account (EGA) offers a prevailing interest rate of 0.05% p.a., however this is expected to be revised downwards to 0.01% p.a. July onwards. 

If you register in June 2026 and top up fresh funds, you can earn Bonus Interest on your Incremental Deposits ADB for June to September 2026. 

The bonus interest is based on the increase in your SGD average daily balance compared to May 2026.

If you're a customer with wealth holdings, you'll enjoy a bonus interest of 1.60% p.a. on the incremental ADB in addition to the prevailing rate of 0.05% p.a. This brings the total interest rate on incremental ADB to 1.65% p.a. for June 2026.

To qualify, HSBC looks at how much your average daily balance (ADB) grows compared to your May 2026 balance using fresh funds. Bonus interest is paid on the incremental portion only, up to a cap of S$5 million.

For example, if you have an average daily balance (ADB) of S$200,000 in June 2026 and ADB of S$10,000 in May 2026, the top-up amount will be S$190,000. 

The bonus interest is calculated separately, on a simple (non-compounded) basis, and will only be credited into your account by 30 November 2026, after HSBC has verified that you’ve met the requirements for the entire promotion period.

It’s worth keeping in mind that if you registered for HSBC’s March and/or April 2026 and/or May 2026 promotion, you will not be eligible to sign up for this June 2026 promotion, and you must have an existing EGA account on or before 28 February 2026 to sign up for this promo. 

To be eligible for the HSBC SGD EGA promotion, both new and existing HSBC customers must successfully register by sending an SMS with the relevant info in the following format to 74722 within the promotional period:

EGA <space> First 9-digit of your Everyday Global Account number 
Example: EGA 123456789

Alternatively, you can register via the HSBC Singapore app. 

Read the full T&C here. 

How HSBC Everyday+ adds 1% p.a. bonus interest in June 2026

Apart from the promotional rate on fresh funds, HSBC also runs the Everyday+ Rewards Programme, which allows you to earn an 'additional 1% p.a. bonus interest' on your EGA savings. 

This is separate from the SGD EGA bonus interest promotion, and the two can stack together in June 2026.

However, this additional 1.00% p.a. Everyday+ bonus interest will be removed from 1 July 2026. This means it may help boost the SGD rate in June, but savers should not assume it will continue for the rest of the promotion period.

To unlock this additional 1% p.a., you’ll need to meet two conditions in a calendar month:

• Deposit fresh funds via salary crediting or inward transfers from a non-HSBC account.
  • For Personal Banking customers, the minimum is S$2,000.
  • For Premier customers, the minimum is S$5,000.
• Make at least 5 eligible transactions in the same month. These include:
  • Spending with an HSBC credit card,
  • Using your Everyday Global Debit Card,
  • Making GIRO bill payments, or
  • Transferring funds from your EGA to a non-HSBC account.
    (Note: transfers between your own HSBC accounts don’t count.)

It’s important to note that the additional 1% p.a. bonus interest rate is only applied to the incremental SGD average daily balance.

This means you’ll earn the extra 1% p.a. on the fresh funds you add compared to the previous month’s balance, as long as you also meet the Everyday+ Rewards criteria.

Before the July 2026 change, customers who wanted to keep earning the additional 1.00% p.a. bonus interest generally had to continue topping up fresh funds month by month.

For clarity, “fresh funds” refers to money coming in from outside HSBC. Transfers from your existing HSBC accounts, HSBC cheques, cashier’s orders or demand drafts will not qualify.

There is a max cap of S$300 to be earned per calendar month for this ‘additional 1% bonus interest’. 

Why HSBC EGA SGD rate falls from July 2026

The key change is that the 1% p.a. Everyday+ bonus interest will be removed from 1 July 2026.

At the same time, the prevailing SGD interest rate on the HSBC EGA will be reduced from 0.05% p.a. to 0.01% p.a.

The June 2026 SGD EGA bonus interest promotion itself still runs until 30 September 2026 for eligible SGD incremental fresh funds.

However, without the additional 1% p.a. Everyday+ bonus interest, the total potential SGD rate becomes lower from July.

This means the HSBC EGA headline SGD rate may look attractive in June, but it should not be treated as the rate for the full June-to-September promotion period.

June 2026 USD EGA bonus interest promotion: Up to 3.80% p.a. from June to August 2026

Under the June USD EGA bonus interest promotion, eligible customers can earn bonus interest on their USD incremental fresh funds from 1 June to 31 August 2026.

The bonus interest is based on the increase in your USD average daily balance compared to May 2026.

To qualify, customers must have an HSBC EGA opened on or before 28 February 2026, register by SMS between 1 June and 30 June 2026, and maintain the eligible account until 31 October 2026.

Registration is done by sending an SMS to 74722 in this format:

USD <space> First 9 digits of your Everyday Global Account number
Example: USD 123456789

For the USD promotion, “customers with wealth holdings” refer to customers who hold eligible wealth products by 31 August 2026. These include Unit Trusts, Equities, Bonds, Structured Products, Regular Premium insurance policies and Single Premium insurance policies, excluding FX and Dual Currency Plus.

For example, if your USD average daily balance was US$10,000 in May and rises to US$200,000 in June, the incremental balance that may earn bonus interest would be US$190,000.

The USD bonus interest will be credited by 31 October 2026, after HSBC verifies that the promotion criteria have been met.

Read the full T&C here. 

Earn cashback through the HSBC Everyday+ Rewards Programme

You can still earn a cashback of 1% on eligible card spend on HSBC Everyday Global Debit Card.

Do note that there are exclusions to the above e.g. your usual insurance, utilities, educational institutions payments. You can refer to the T&C link for the full list. 

Here, I want to point out that there is also a cap on the cashback you are getting.

It is S$300 per calendar month for HSBC Personal Banking customers and S$500 for Premier customers. 

Welcome promotions for new HSBC customers

New to Everyday+ Rewards Programme

If you are new to the HSBC Everyday+ Rewards Programme, there is a one-time bonus cash reward on top of the ongoing cashback and bonus interest benefits: 

• S$150 for Personal Banking customers (maintain at least S$100,000 for six consecutive months),
• S$300 for Premier customers (maintain at least S$200,000 for six consecutive months).

These rewards are credited in the 7th month, once the balance requirements are met.

What would Beansprout do?

The HSBC Everyday Global Account may still be useful as a supplementary savings account if you are comfortable with the fresh funds mechanics and can meet the required conditions.

For SGD savings, the important point is that the up to 2.65% p.a. rate may only apply in June if the conditions are met.

From July, the removal of the 1.00% p.a. Everyday+ bonus interest makes the account less attractive for SGD savers.

If I am already using HSBC EGA, I would recalculate my expected interest based on the lower rate from July to September.

I would also check whether I am earning the higher rate as a customer with wealth holdings, or the lower rate as a customer without wealth holdings.

For USD savings, I would consider the promotion only if I already hold USD or have a genuine need for USD.

I would avoid converting SGD into USD just to chase the higher interest rate, as foreign exchange movements can affect the final return.

As with most bonus interest promotions, I would check the registration deadline, reference month, fresh funds requirement and crediting date before moving funds in. Do go through the terms and conditions here and here carefully. 

In short, the HSBC EGA may work best as a supplementary savings account if you’re prepared to park fresh funds for a few months and meet the activity requirements. 

If you prefer a simpler account with fewer conditions, you may want to compare it with other high-interest savings accounts available. To find out which savings account allows your money to work harder, check out our guide to the best savings account with highest interest rates in Singapore.

If you are deciding where to park your cash, you can also explore how HSBC EGA fits into your broader Liquidity Pot, alongside fixed deposits, T-bills, Singapore Savings Bonds and money market funds.

Once you have already set aside enough cash for your safety buffer and upcoming expenses, you may also want to explore how the Four Pots of Wealth framework can help you grow your wealth beyond savings accounts.

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