Anonymous

05 Feb 2020

∙

Does DBS's RSS (Invest Saver) tie in with the DBS Multiplier Account i.e. fulfilling one more category under "Investments"?

If yes, then is it worth it for DBS Multiplier Account holders to invest in DBS's RSS or will it be wiser to still go for the cheaper alternative, FSMOne in this case?

DBS/POSB Multiplier Account

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Jacqueline Yan

30 Jan 2020

Content Strategist at Seedly

Hi anon,

Yes, it does! However, it's stated on DBS's website that it'll only be recognized for the first 12 consecutive months. And that's only if you start the RSS after your Multiplier account is open.

A way to go around this is to terminate after 12 months and repurchase it after 6 months from termination, but that's not likely to align with your investment strategy.

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Would $100/mth be better off in an RSS plan (DBS Invest saver) or a high-interest savings account (i.e. SCB Jumpstart, CIMB)?

If I have already set up a RSS before opening the multiplier account then will it still count towards my investment criteria for the multiplier account or must I redeem my fund and open a new one?

With the latest changes for DBS Multiplier account, Is investing/buying the Singapore Savings Bond (SSB) considered under the investment category when dividends are now under the Income category?

Urgent question: Do I need to hold off investing in POSB Invest-Saver until I open a DBS Multiplier account?

I have a POSB savings acc & DBS multiplier acc. My CDP account is linked to my POSB acc. If my dividends payout is credited to that this acc, will it unlock the Multiplier investment category?