Advertisement

Kelvin Soh

07 Jun 2019

∙

What are the available ways to fully utilize the DBS Multiplier?

Just read the fine print on how DBS Multiplier calculates its' interest but I had already opened a DBS Multiplier account. My dilemma is that my salary only credits on the 25th of every month.. which means I only get to enjoy 5-6 days of higher interest every month which is a bummer. Any finance/bank wise people that can shed some light on what my options are? Thanks in advance!

DBS/POSB Multiplier Account

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Kelvin Soh

07 Jun 2019

But that means I only get the base interest rate of 0.05% every month till the 25th, then my interest rate increases to 1.85% or more (cause of salary credit being on 25th) which means I am only getting 5 days of higher interest?

Not sure if I am reading the T&C right here Haha.

Reply

Save

View 1 replies

Yong Kah Hwee

11 Mar 2019

Nope. As long as you fulfil the requirements, you will get the higher interest for the month. Regardless of when you receive your salary for the month.

Reply

Save

Gabriel Tham

09 Mar 2019

Tag Team Member at Kenichi Tag Team

Don't withdraw everything. Get salary, leave some in there for the next month, then you will have th...

Write your thoughts

Related Posts

Am thinking of setting up DBS investor-saver to qualify for the multiplier acct on 50k. Does it make sense to think this way? Currently only credit salary to DBS and uses a Dbs credit card, 25k cap?

What are some suggestions on bank accounts and credit cards (or ones that link like UOB One and DBS Multiplier) for employees who don't get to have their salary credited under GIRO at all (requested from HR as well but that option is not available)?

How should I fund my TD & Tiger account – Should I convert to USD in DBS Multiplier, or convert to USD with the broker? Any other ways (e.g. Transferwise)?

What is the best way to exchange SGD in my DBS multiplier account into USD in IBKR account?

Hi, with the new changes with the DBS Multiplier, should I upgrade my e-everyday saving acc into the DBS Multiplier before NS, then apply for the Save As You Serve to earn more interest for the SAYS + the paylah retail spending for Multiplier?

Related Products

DBS/POSB Multiplier Account

4.3

322 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

Standard Chartered JumpStart Account

4.8

782 Reviews

OCBC FRANK Account

4.7

213 Reviews

Related Posts

Am thinking of setting up DBS investor-saver to qualify for the multiplier acct on 50k. Does it make sense to think this way? Currently only credit salary to DBS and uses a Dbs credit card, 25k cap?

What are some suggestions on bank accounts and credit cards (or ones that link like UOB One and DBS Multiplier) for employees who don't get to have their salary credited under GIRO at all (requested from HR as well but that option is not available)?

How should I fund my TD & Tiger account – Should I convert to USD in DBS Multiplier, or convert to USD with the broker? Any other ways (e.g. Transferwise)?

What is the best way to exchange SGD in my DBS multiplier account into USD in IBKR account?

Hi, with the new changes with the DBS Multiplier, should I upgrade my e-everyday saving acc into the DBS Multiplier before NS, then apply for the Save As You Serve to earn more interest for the SAYS + the paylah retail spending for Multiplier?

Advertisement