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Anonymous

18 Apr 2019

∙

Urgent question: Do I need to hold off investing in POSB Invest-Saver until I open a DBS Multiplier account?

Noticed that DBS Multiplier has this clause that states: Existing POSB Invest-Saver you purchased before opening DBS Multiplier will not be recognised. Does this mean that (1) I should avoid starting on POSB Invest-Saver at all, or (2) I can get started with investing in POSB Invest-Saver already. Just that the monthly ETF investments I made before opening my Multiplier account won't be recognised, but the ones made after will?

DBS/POSB Multiplier Account

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Yong Kah Hwee

16 Oct 2018

Whatever products you invest in using the Invest-Saver, before opening the Multiplier account, will not be recognised. This means that you'll to use the Invest-saver to invest in a new product after opening the Multiplier account for it to be recognised for the next 12 months.

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Kenneth Lou

16 Oct 2018

Co-founder at Seedly

Yes! You do need to wait till you open your DBS Multiplier!

Don't make the mistake I did... once you are an existing investor via the POSB invest saver, there is no turning back..

Now you can get to use this as a investing category.

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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 have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier account?

Can I still open a DBS Vickers account to invest in foreign stock exchange even though I do not have a CDP account open? Are there any things that I will need to show/ conditions that I will need to know before opening?

Is it advisable to open 2 accounts - 1 POSB Invest saver and 1 with Maybank to invest in bonds? Want to invest in both bonds + REITs. Split should be $300 POSB + $200 with Maybank via monthly plan.?

Does DBS's RSS (Invest Saver) tie in with the DBS Multiplier Account i.e. fulfilling one more category under "Investments"?

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