18 Apr 2019
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?
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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.
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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DBS/POSB Multiplier Account
Up to 4.10% p.a.
MIN. INITIAL DEPOSIT
MIN. AVG DAILY BALANCE
Standard Chartered JumpStart Account
OCBC FRANK Account