Advertisement

Alcander Seow

Environmental Engineer Minor in Business at Nanyang Technological University

27 Jan 2022

∙

National Service

DBS Multiplier interest rate calculation for NSF during CNY

Hi, I'm a current NSF, getting around $650/mth allowance starting this yr. Based on my income n spending, I'm earning extra interest via the Option 2 of the DBS Multiplier interest scheme, Income + Paylah! >= $500/mth. I've just received my Feb allowance recently due to CNY, will this affect my Option 2 interest earned for the mth of FEB

POSB SAYE Account DBS/POSB Multiplier Account

3

Discussion (3)

What are your thoughts?

Learn how to style your text

C Guan Wen

01 Oct 2024

Check dbs app

Reply

Save

James Lee

16 Mar 2022

Investment at DIY Investor

Frankly, all your choices don'r make a difference because the interest rate is so low. Given the small sum, it's probably enough to go to a movie. Since you are young, try investing. Don't take a short term view.

Reply

Save

Justin Kieran Ong

31 Jan 2022

You can check the elegible spend in the dbs app under the multiplier account to see what are the qua...

Write your thoughts

Related Posts

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

What is the interest rate after the first 25k on DBS multiplier? Is it 0.05% (standard bank interest rate)? If so, should i park my money (in excess of 25k) elsewhere for higher interest?

DBS will cut interest rates on flagship Multiplier savings account again from Aug 1, amid a low interest rate environment and macro uncertainties. Will this push you to consider other banks instead?

How does the calculation of interest work with DBS Multiplier? Does the balance from the other DBS savings account included?

Is opening DBS Invest Saver (min $100) to increase DBS multiplier interest rate for 12 mths worth it? Or just transfer my salary to Stashaway Simple / Endowus Cash?

Related Products

POSB SAYE Account

4.4

42 Reviews

Up to 2% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$50

MIN. AVG DAILY BALANCE

DBS/POSB Multiplier Account

4.3

323 Reviews

Related Posts

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

What is the interest rate after the first 25k on DBS multiplier? Is it 0.05% (standard bank interest rate)? If so, should i park my money (in excess of 25k) elsewhere for higher interest?

DBS will cut interest rates on flagship Multiplier savings account again from Aug 1, amid a low interest rate environment and macro uncertainties. Will this push you to consider other banks instead?

How does the calculation of interest work with DBS Multiplier? Does the balance from the other DBS savings account included?

Is opening DBS Invest Saver (min $100) to increase DBS multiplier interest rate for 12 mths worth it? Or just transfer my salary to Stashaway Simple / Endowus Cash?

Advertisement