POSB Everyday Card
DBS Multiplier Account
Asked on 24 May 2019
Yes, you don't even need to call in to request to waive off the annual fee. You can just submit a request thru internet-banking. You may referring to this http://sgbeyourownboss.com/dbs-3-8-high-interest-saving-account/.
For investment, you can consider POSB Invest-Saver, or buying SSB. The dividend credited in your DBS account will be counted.
Very likely to get waiver. POSB/DBS is one of the most lenient when it comes to waivers. I also spent close to nothing on their card, still waived.
Process to waive also super easy. Now everything is done in ibanking. just fill in a form, 2-3 clicks, and its sent in. Wait few days, it should be waived.
For unit trusts, I personally do not recommend getting from banks. They typically charge a high sales fee. My guess is you are trying to fulfill the investment criteria, and for this I recommend Singapore savings Bond.
Buying singapore savings bond consecutively for 6 months and you will be getting interest for every month. This will trigger the investment category of multiplier account. Minimum to buy singapore savings bond is $500, fee is $2. Backed by sg govt so its pretty safe.
Show More Products