Do I earn Multiplier interest on my other DBS savings account if I have a Multiplier account? - Seedly
 

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Asked by Huang Yixuan

Asked on 19 Aug 2019

Do I earn Multiplier interest on my other DBS savings account if I have a Multiplier account?

So I have a DBS Multiplier Account + DBS credit card + Investment, but I put money into my DBS Savings Account to keep track of savings, do I earn the multiplier interest for ALL my money in DBS or those deposited in Multiplier Account only?

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Aik Kai
Aik Kai
Level 6. Master
Answered on 19 Aug 2019

Only the multiplier account. Your other accounts earn their own interest rate.

Case in point, I have a POSB Savings and DBS Multiplier account. My POSB savings earns 0.05% interest while the Multiplier earns 1.55% to 1.85%.

How do I know? Every month, my Multiplier has interest deposited while my POSB savings has nothing deposited other than the end of the year.

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