GXS Bank has launched a festive‑themed promotion that blends short‑term savings with guaranteed rewards. Under this campaign, customers receive S$10 cashback for every S$5,000 in fresh funds deposited into a new 3‑month Boost Pocket, up to a maximum of S$160. To qualify, the Boost Pocket must be named “HUAT”, and the promotion runs until 28 February 2026. It’s a simple structure with a seasonal twist, but one that offers meaningful value for savers who manage their cash flow actively.
The foundation of the promotion is GXS’s 3‑month Boost Pocket a short‑term, goal‑based savings feature that locks in funds for a fixed period while offering higher returns than the standard balance. The 3‑month duration strikes a practical balance: long enough for the bank to manage funding costs, yet short enough for savers who prefer flexibility. By requiring fresh funds, GXS ensures that the deposits represent new inflows rather than internal reshuffling.
The mechanics are easy to follow. For every S$5,000 placed into a newly created 3‑month Boost Pocket named “HUAT”, the customer receives S$10 cashback. This translates to an effective 0.2% return on the deposited amount, paid upfront. While 0.2% may seem modest on its own, the real value emerges when combined with the interest that GXS typically offers on Boost Pockets. When stacked together, the total return can exceed what many traditional savings accounts provide over the same period.
The promotion scales smoothly. A saver who deposits S$20,000 across four qualifying pockets would receive S$40 in cashback. At the maximum tier, depositing S$80,000 yields S$160. For individuals who maintain a sizeable emergency fund or prefer to keep a portion of their portfolio in cash, this promotion offers a low‑risk way to extract additional value from idle funds. The short 3‑month lock‑in also means the opportunity cost is limited, especially for those who rotate funds between fixed deposits, T‑bills, and high‑yield digital bank accounts.
The naming requirement “HUAT” is more than just a festive flourish. It serves as a clear identifier for GXS to track eligible pockets, ensuring that only newly created pockets tied to the promotion qualify. For users, it’s a simple step: create a new 3‑month Boost Pocket, name it “HUAT,” deposit fresh funds, and let the system handle the rest. Savers who forget to name the pocket correctly risk missing out on the cashback, so attention to detail matters.
The promotion’s timing is also deliberate. Running until 28 February 2026, it aligns with the Lunar New Year period, a season when many Singaporeans review their finances, top up savings, and set new goals. GXS has been consistent in using festive periods to roll out attractive incentives, and this campaign fits neatly into that pattern.
Digital banks like GXS have been steadily gaining traction in Singapore’s savings landscape. Backed by Grab and Singtel, GXS has built a reputation for user‑friendly features, competitive rates, and frequent cashback campaigns. In an environment where fixed deposit rates fluctuate and T‑bill yields shift with market conditions, a guaranteed cashback component provides a sense of certainty that many savers appreciate.
Another subtle benefit of the promotion is how it reinforces goal‑based saving. Boost Pockets are designed to help users organise their finances by separating funds into labelled categories. The “HUAT” pocket may be tied to festive spending, a short‑term goal, or simply a way to take advantage of the promotion. Either way, the structure nudges users toward more intentional saving habits.
For savers considering whether to participate, the decision depends on liquidity needs and cash‑flow planning. Those who can comfortably set aside funds for three months may find the promotion attractive, especially when combined with GXS’s existing interest rates. However, individuals who anticipate needing cash on short notice should weigh the lock‑in period carefully.
Overall, GXS’s latest promotion offers a simple, low‑risk way to enhance short‑term returns with a festive twist and a clear deadline. By naming the pocket “HUAT,” depositing fresh funds, and acting before 28 February 2026, savers can secure guaranteed cashback while keeping their money working efficiently.