Does it really matter which saving account you are in, be it DBS Multiplier, UOB One and OCBC 360?

Hi Anon,

I guess it depends on what matters to you? In terms of interest rate, since we're in a low interest rate environment, there's not much difference between the 3 (even though Multiplier is marginally higher atm).

In terms of criteria, both uob and ocbc have minimum salary credit amounts while dbs doesn't. So if you're drawing a low salary, multiplier may be the only available option.

In terms of accessibility, I believe dbs/posb atms are the most common as well, so it'll be the most convenient if you need to withdraw cash.

Finally, you can consider things like customer service and UI/UX on their banking apps. The problem is that you won't really know which you like best until you've tried all 3, which you probably don't want to have to do.

Personally, I think Multiplier is the best option, but I may just be biased haha.

Hope this helps!

Regards,
thefrugalstudent

I would say not really, no. Just choose the one that is most convenient for you and I guess whose app you like the most hahah since that's how I do most of my transactions anyways. Interest rate wise, largely negligible difference since you shouldn't hold too much cash and interest rates are rock bottom anyways.