Why do you invest in SSBs which gives an interest of 2+%, when DBS multiplier can also give u similar interest?

If you read DBS Multiplier terms and conditions, there are several ways to hit a ~2% interest:

You spend $15,000 - $30,000/ month in 1 of the following transaction (Credit Card, Home Loan and Insurance/Investment)

That is not very acheivable by most if we are only spending through our credit card.

Assuming we are already spending through out credit card, investing in SSB allow us to unlock higher interest as we are now also spending on Investments.

As most people would want their funds to be relatively liquid and risk free, SSB is the appropriate investment for people to park their DBS multiplier funds in.

Hope it makes sense!

I think it's a good choice.

Since you can get 2.2% for DBSM, it's the highest.

Rather than keep in SSB and stuck and wait for 10 years, with DBSM, the liqudity not only gives you the right amount of emergency cash liquidity, it also a good way to accumulate war chest and strike go for a shopping sprea during the next downturns.

Not to mentioned that DBSM interest paid monthly over the 7th of next month. I would always see as $ in my bank a/c / pocket NOW is better than SSB which is like 6 months later and to realized the full 2.4 / 2.5% I have to get stuck 10 years, that would means I'd miss a lot of good opportunity since a lot of things can happen in the 10 years period.

I second your choice!

Cheers !