facebookHi, I have recently opened the DBS Multiplier account. I would like to increase the interest rate by making transactions in the investment category. What are some possible unit trusts to consider if I already have the POSB Investsaver? ? - Seedly

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Anonymous

18 Apr 2019

βˆ™

Saving Hacks

Hi, I have recently opened the DBS Multiplier account. I would like to increase the interest rate by making transactions in the investment category. What are some possible unit trusts to consider if I already have the POSB Investsaver? ?

Is it worth it to redeem the investsaver, wait 6 months and invest in it again for it to count as an eligible transaction?

Discussion (4)

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Jay Liu

Jay Liu

23 Sep 2018

Accounting and Finance at ACCA

You can consider to tap into the NikkoAm STI ETF OR ABF Singapore Bond Index for the investment category.

I don't think it is worth it to redeem the investsaver like you mentioned. Even after you did all those, you only get 12 months worth of bonus interest under the investment category. A better solution would be to get the Singapore Savings Bond every month for 6 months. Interests should come in every month after that, making it a longer term solution :)

Can consider making SSB ladder by buying 6 months of SSB consecutively. What I read is the interest ...

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