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Anonymous

21 Jan 2020

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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?

Currently 26yo this year, would this be a good idea considering the recent changes in the DBS Multiplier account? If not the SCB Jumpstart, then which bank account should I be considering?

DBS/POSB Multiplier Account Standard Chartered JumpStart Account

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DunSayBojioHor

13 Nov 2022

Can consider Sif, RHB, CIMB, OCBC 360, OCBC FRANK, SingLife or Trust Bank.

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Wrong Sean

21 Jan 2020

Please be aware that there are some changes to the DBS Multiplier account from 1 Feb 2020. Salary and dividend credit will be grouped under income category. And cap of $25000 for salary + 1 other category interest rate.

Something you may want to think about after the 12 months recognition for the investment RSP ends.

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Yong Kah Hwee

21 Jan 2020

Definitely yes, as the amount above $50k will be earning next to nothing in yout multiplier account....

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I am currently enjoying the highest interest rate possible on the DBS multiplier (2 categories). Should I get another savings account or invest the excess money (amount above 50k) into digiportfolio?

Am thinking of setting up DBS investor-saver to qualify for the multiplier acct on 50k. Does it make sense to think this way? Currently only credit salary to DBS and uses a Dbs credit card, 25k cap?

I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?

If my salary is credited into a POSBank savings account, and I manually transfer my salary into my DBS multiplier account, does that count as salary crediting?

Recently, i just opened a DBS Multiplier account. I’m about to sign up with their credit card and then I chanced upon Singlife. Looks promising. Should i sign the card with DBS or use Singlife debit?

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