Does DBS's RSS (Invest Saver) tie in with the DBS Multiplier Account i.e. fulfilling one more category under "Investments"? - Seedly
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Anonymous

Asked on 30 Jan 2020

Does DBS's RSS (Invest Saver) tie in with the DBS Multiplier Account i.e. fulfilling one more category under "Investments"?

If yes, then is it worth it for DBS Multiplier Account holders to invest in DBS's RSS or will it be wiser to still go for the cheaper alternative, FSMOne in this case?

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Jacqueline Yan
Jacqueline Yan, Content Strategist at Seedly
Level 5. Genius
Answered on 30 Jan 2020

Hi anon,

Yes, it does! However, it's stated on DBS's website that it'll only be recognized for the first 12 consecutive months. And that's only if you start the RSS after your Multiplier account is open.

A way to go around this is to terminate after 12 months and repurchase it after 6 months from termination, but that's not likely to align with your investment strategy.

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ūüĎć 2
Question Poster

05 Feb 2020

Yes, I totally agree that the termination and repurchase will not be a good plan. Nevertheless, thanks for clarifying! Shall be looking into starting a RSS with DBS then! (Especially after the changes to DBS Multiplier account)