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Anonymous

26 Sep 2019

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Is the dividend from SSB only recognised for the first 12 months, for the extra interest rate for DBS Multiplier?

Do I have to invest in other things after a year to qualify for the extra interest rate?

DBS/POSB Multiplier Account

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Eugene Wee

03 Sep 2019

No, you actually need only to buy for the first 6 months. As the interest from SSB gets distributed every 6 months, from the 7th month onwards, you'll get the interest from the 1st month, 8th for the 2nd month and so on. A bond ladder effectively.

This will last 10 years and will fulfil the extra interest for the investment category of DBS multiplier, at least till they change the regulations.

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Is opening DBS Invest Saver (min $100) to increase DBS multiplier interest rate for 12 mths worth it? Or just transfer my salary to Stashaway Simple / Endowus Cash?

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