GXS Bank has introduced GXS Invest, a new feature on its mobile app that allows customers to start investing from S$1.
The digital bank is beginning with the Fullerton SGD Cash Fund (Class G), a money market fund chosen for its simplicity and lower-risk profile.
The new offering builds on GXS Bank’s digital savings tools and is aimed at customers looking to grow their wealth through straightforward, accessible products.
The bank said it opted for a money market fund to meet demand from both new and experienced investors, particularly those seeking stable options.
According to GXS, three in five of its customers prefer a conservative approach to investing.
Managed by Fullerton Fund Management, the SGD Cash Fund has delivered over 15 years of stable returns.
The fund is designed to offer easy access with no lock-in period, and redemptions are credited to customers’ GXS Savings Accounts within one to two working days.
There are no transaction fees when investing through GXS Invest, though the fund’s annual management fees still apply.
Customers who invest in the Fullerton SGD Cash Fund (Class G) through GXS Invest will also receive complimentary group personal accident insurance underwritten by Singlife.
This exclusive benefit covers eligible investors for up to three times their investment amount, capped at S$100,000.
GXS said the added coverage is intended to support customers’ financial security as they begin their investment journey.
The bank plans to add more funds to GXS Invest over the next 12 months to cater to a broader range of financial goals and risk appetites.
Jenn Ong, Group Head of Retail at GXS Bank said,
“Our wealth product roadmap started with the GXS Savings Account. With its Saving Pockets and Boost Pockets features, the GXS Savings Account continues to be our most popular product. As our customers grow their savings, GXS Invest is the continuation of their wealth journey.
In speaking to our customers, we know that they are looking for higher returns on their spare cash. At the same time and in light of the ongoing volatile market conditions, they also appreciate the flexibility to withdraw their money when needed.”
Mark Yuen, Chief Business Development Officer, Fullerton Fund Management said,
“It’s a privilege to be the inaugural investment offering on GXS Invest – an innovative digital platform that’s reshaping how individuals access institutional-grade investment solutions. The Fullerton SGD Cash Fund, an award-winning fund designed to deliver both liquidity and attractive returns, aligns seamlessly with GXS’s mission to empower everyday investors.
Beyond yield enhancement, this exclusive share class includes personal accident coverage, offering an added layer of protection that’s rarely found in cash management products. It’s a simple yet powerful way to help investors put their idle cash to work – without compromising on flexibility or peace of mind.”
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
