facebookFor those who are switching out of DBS Multiplier, where are you guys switching over to? - Seedly

Anonymous

24 Feb 2020

Saving Hacks

For those who are switching out of DBS Multiplier, where are you guys switching over to?

What are the best options to switch to after the DBS multiplier account changes?

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Discussion (18)

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OCBC360, if it's based on the salary crediting criteria alone since it has a higher limit cap of $70k. Alternatively, you might want to consider taking up a RSP with POSB investsaver to unlock the 2nd category (investment) for DBS Multiplier.

Might be helpful to use the calculators on the bank's website to have a better sense of the potential interest you can gain.

Andy Sim

24 Feb 2020

HR Professional at a Financial Institution

OCBC 360 for me. Though interest might be lower compared to UOB (assuming ceteris paribus), it gives me more flexbility on CC spend as I may not be able to hit the $500 CC spend on UOB every month which is one of the criteria to get the high interest. For OCBC, if you can hit $500, then good, you'll have higher interest, but if you don't you'll still get a decent amount of interest, since CC spend is not a compulsory criteria

Chin Guo Qiang

19 Jan 2020

Assistant Vice President, IT EUC at OCBC

Back to OCBC 360 / CIMB FastSaver / Singapore Savings Bond trifecta combo.

Recent switched out of Citibank Citi Priority due to nerfed interest rate from 2.2% to 1.5% pa.

Sharon

15 Jan 2020

Life Alchemist at School of Hard Knocks

Do note DBS gives a dividend yield of 4.6% p.a. if you're a shareholder. One may not need to switch bank.

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Either uob1 or ocbc360 could be a good alternative
However I really like dbs no minimum credit spend...

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