Anyone going to open GXS savings account?

The interest rates are not that good, as such a no, unless there are good benefits.

Nope not

I think the 5k limit is because of the daily interest. If they don't set such a low limit, they will likely go BANKrupt should everyone chiong in for the daily compounding interest.

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I did open up account with Trust though, because I'm NTUC Union member, and their NTUC PLUS partnership with OCBC ends after Sept, moving to Trust under Standard Chartered, so might as well. And now if you sign up with a Referral code from an existing account holder, you get $10 NTUC e-Voucher, and each sign-up you refer thereafter, you get another $10. PLUS, you get a chance to win a TESLA Model 3 in THREE separate draws. So....the choice is clear for me. Sign up was a breeze too, got my credit card and bank account within minutes after downloading the app.

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Feel free to DM me if you have any questions about my perspective from an end user POV.

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Disclaimer....I don't work for them nor am I paid to promote their app or services. Just feel "safer" with the big names of Standard Chartered, a proper bank, and NTUC, an established Singapore org.

My opinion is that this account is targeted at students who may use this account for savings purpose. Not meaningful for working adults. This I will give it a miss.