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Kannan Chidambaram

08 Aug 2020

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Hi Seedly fans! I have a question about the DBS multiplier investment category. I set up a regular savings plan with DBS and was wondering how long will my RSP count as an investment category?

Is it only for 12 months, after which I will need to ownself go buy stocks/ETF through DBS every month to keep qualifying?

DBS/POSB Multiplier Account

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Chuan lee

07 Aug 2020

Just setup another RSP plan buying other etf.
Like 12m STI >12m REIT ETF

You need to sell off STI ETF and wait for 6m before using back the same etf to be considered.
12m STI > 12m REIT ETF (sell STI and wait for 6m) > 12m STI (sell REIT ETF and wait for 6m)>>>

Alternatively, you can choose other ETF into the mix.

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The regular savings plan option to fulfil the category of investment for DBS multiplier last for only 12months. What should I do after if I want to continue with an RSP?

Is it possible to cancel my POSB regular savings plan and re-sign up to qualify for extra interest under the 'Investments with DBS/POSB' category for the Multiplier account?

I have a DBS Multiplier account and would like to use their Regular Savings Plan (RSP)to purchase funds/ETFs?

I'm using DBS multiplier savings account and achieving >2 categories (salary credit, investment RSP, and credit card). Should i transfer the excess (from $50k since that's the cap) to SCB Jumpstarter?

Does investment in the RSP count as an investment as indicated in the DBS multiplier account? I believe investment in StashAway is not counted?

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