21 Jan 2020
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?
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.
Definitely yes, as the amount above $50k will be earning next to nothing in yout multiplier account. Transferring them to the SCB Jumpstart account would give you 2% per annum, so why not!
21 Jan 2020
Business Manager at Amobee
I would say that SCB Jumpstart is a gift to all aged between 18 - 26 years old. So yes, de...
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DBS/POSB Multiplier Account
Up to 3.50% p.a.
MIN. INITIAL DEPOSIT
MIN. AVG DAILY BALANCE
Standard Chartered JumpStart Account
OCBC FRANK Account