Huang Yixuan

Person at Seedly Community

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?

DBS/POSB Multiplier Account

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Aik Kai

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.

Reply

Save

Write your thoughts

Related Posts

Currently I have a POSB eSavings account and MySavings account and I intend to have a higher interest earned for thr savings account. Do I open the DBS multiplier acct? If I do, do I close one acct?

I have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier 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?

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

How does the calculation of interest work with DBS Multiplier? Does the balance from the other DBS savings account included?

Related Products

DBS/POSB Multiplier Account

4.4

321 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

Standard Chartered JumpStart Account

4.8

778 Reviews

OCBC FRANK Account

4.7

211 Reviews

Related Posts

Currently I have a POSB eSavings account and MySavings account and I intend to have a higher interest earned for thr savings account. Do I open the DBS multiplier acct? If I do, do I close one acct?

I have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier 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?

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

How does the calculation of interest work with DBS Multiplier? Does the balance from the other DBS savings account included?