From Dec 1, 2023, cardholders can earn 1.5% APR on XSGD deposits in their SGD card account on BasedApp!

How to qualify? Maintain an average daily balance of 500 XSGD (S$500) throughout the month in your card account.

Interest calculations will be conducted at the end of each month, and cardholders will receive their rewards on the 5th of the following month.

How to deposit XSGD to qualify:

1. Select “Card” on the menu.
2. Click on "Deposit" and input at least 500 XSGD to qualify for the 1.5% rate. If you are also using the card for spending, please deposit enough funds to ensure that the total balance across each day is at least 500 XSGD.

Here's how to transfer funds to BasedApp:

👉 Bridge from another chain
👉 Deposit from exchanges
👉 Mint XSGD through StraitsX (Sign up, transfer, done!)
👉 Directly via bank deposits on our app (Coming in early Dec)

For the full guide, check out this article: https://basedapp.io/blog/xsgd-earn-get-1-5-apr-on-xsgd-deposits-with-basedapp