facebookI'm using DBS multiplier savings account and achieving >2 categories (salary credit, investment RSP, and credit card). Should i transfer the excess (from $50k since that's the cap) to SCB Jumpstarter? - Seedly

Anonymous

21 Jan 2020

āˆ™

Saving Hacks

I'm using DBS multiplier savings account and achieving >2 categories (salary credit, investment RSP, and credit card). Should i transfer the excess (from $50k since that's the cap) to SCB Jumpstarter?

Currently 26yo this year, would this be a good idea considering the recent changes in the DBS Multiplier account? If not the SCB Jumpstart, then which bank account should I be considering?

Discussion (4)

What are your thoughts?

Learn how to style your text

Can consider Sif, RHB, CIMB, OCBC 360, OCBC FRANK, SingLife or Trust Bank.

Please be aware that there are some changes to the DBS Multiplier account from 1 Feb 2020. Salary and dividend credit will be grouped under income category. And cap of $25000 for salary + 1 other category interest rate.

Something you may want to think about after the 12 months recognition for the investment RSP ends.

Definitely yes, as the amount above $50k will be earning next to nothing in yout multiplier account....

Write your thoughts