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Anonymous

10 Jan 2020

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Is the dbs multiplier additional interest rate applied on the total amount in your bank account or on your cash transactions?

DBS/POSB Multiplier Account

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Gabriel Tham

10 Jan 2020

Tag Team Member at Kenichi Tag Team

Interest is always calculated on your average daily balance in your bank account.

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DBS will cut interest rates on flagship Multiplier savings account again from Aug 1, amid a low interest rate environment and macro uncertainties. Will this push you to consider other banks instead?

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? ?

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?

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

With the cuts in interest rates across various banks (SC Jumpstart, DBS Multiplier), what other viable savings accounts are there that yield better returns?

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