facebookI am self employed. Which find cannot meet the DBS multiplier account salary categories. Any advice? - Seedly

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Anonymous

02 Mar 2020

Saving Hacks

I am self employed. Which find cannot meet the DBS multiplier account salary categories. Any advice?

Is there a way to get around this? Any other savings accounts that I should be considering?

Discussion (3)

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Andy Sim

02 Mar 2020

HR Professional at a Financial Institution

Hi Anon, Geraldo is right on the recent revision of the Multiplier account.

But you may also want to consider other no frills account such as CIMB Fastsaver or SCB Jumpstart account if you are 27 or below.

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DBS Multiplier did a revision in Feb20 for its 'Salary' category, now called 'Income' which could also be fulfilled using dividends credited into your DBS/POSB accounts.

Alternatively, you can consider creating a joint account and have the joint account holder credit his/her salary there - the salary credit will count for both of your individual DBS multiplier accounts.

If you are look for an alternative savings account, CIMB Fastsaver provides an interest of 1% with no minimum required and criteria needed.​​​

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