With the latest changes for DBS Multiplier account, Is investing/buying the Singapore Savings Bond (SSB) considered under the investment category when dividends are now under the Income category?

How are the new categories split with the new changes to the DBS Multiplier Account?

Discussion (2)

What are your thoughts?

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Adriel Thin

12 Jan 2020

When you purchase SSB, the amount of money invested to buy the SSB should count towards the investment category for that month. However, what's changed is that the dividend received from the SSB now falls under Income and not Investment.

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Mujimoro

12 Jan 2020

No, SSBs are not considered under investments.

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I have a POSB savings acc & DBS multiplier acc. My CDP account is linked to my POSB acc. If my dividends payout is credited to that this acc, will it unlock the Multiplier investment category?

Is buying Singapore Savings Bonds monthly through DBS savings account counted as an investment transaction?

I am currently enjoying the highest interest rate possible on the DBS multiplier (2 categories). Should I get another savings account or invest the excess money (amount above 50k) into digiportfolio?