Where do you credit your salary to in this low interest environment?

Hi otakboi,

Neither - credit your salary into a joint DBS My Account with your partner (have your partner do the same), and both of you open a DBS Multiplier account. This will allow both you and your partner to enjoy a higher interest rate on your Multiplier accounts because your total credited salary will be the sum of your salary and your partner's salary! A neat trick to get to the next tier of interest rates haha. But do note that even though your salaries are credited into the My Account, you should both keep more savings in your Multiplier accounts because only the balance in the Multiplier account enjoys bonus interest.

Hope this helps!

Regards,

thefrugalstudent

DBS Multiplier. You have to credit salary into some bank account anyway, might as well put into multi-tier interest program to boost the interest.