Anonymous

09 Jan 2020

∙

How does the DBS Multiplier first 25K limit work?

For the first 25K, does it work if you transfer the amount out to other banks and keep the amount in the multiplier account under 25K each month? Or is it a cumulative 25K when you open the account?

DBS/POSB Multiplier Account

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Gabriel Tham

09 Jan 2020

Tag Team Member at Kenichi Tag Team

It is the average daily balance amount in your bank account. So long as you have 25k inside, that is the first 25k. If you have 50k, also same logic, the first 25k get special interest.

In this case, FIRST does not mean timing or queue. Just means the amount. Even you have 1 million inside, only the first 25k of this amount.

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What is the interest rate after the first 25k on DBS multiplier? Is it 0.05% (standard bank interest rate)? If so, should i park my money (in excess of 25k) elsewhere for higher interest?

Am thinking of setting up DBS investor-saver to qualify for the multiplier acct on 50k. Does it make sense to think this way? Currently only credit salary to DBS and uses a Dbs credit card, 25k cap?

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

Hi there! I am new to the working force and I was wondering which DBS Cashback/Miles to get and to pair with DBS Multiplier?

I plan to pay myself each month first when I receive my salary. What is the best account for savings? I'm considering between dbs multiplier and uob one?