facebookI 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? - Seedly
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Fresh Graduates Savings Accounts DBS DBS Multiplier Account

Anonymous

Asked on 28 Aug 2020

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?

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Chuan lee

Level 6. Master

Answered on 28 Aug 2020

I have multiplier and still keep my esaver account(as it don't have drop below fee).

So far, I have converted it to joint account where we deposit salary to quality for higher tiers.

1

Question Poster

28 Aug 2020

Hi Chuan Lee, thanks for the advice! I wasn’t aware there is a esaver account with no fall below fee. When I check the POSB/DBS fall below fee, seems like the minimum average daily balance is $500

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

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