Anonymous

15 May 2019

∙

Is it worth to make a switch to DBS multiplier?

I have 50k in ocbc 360 and have been earning salary, step up and boost bonuses in recent months. How much is the effective interest(in %) am I earning considering the 2 different tiers for first 35k and the next 35k? If I make the switch to DBS , I will be able to earn 2.2% p.a (fulfill salary credit + transactions in 2 categories).

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Clarence Chua

15 May 2019

Financial Planning Specialist at Prudential Assurance Singapore

Hey there, you may want to consider UOB ONE if your spendings are 500-2,000 per month.

Check out a Seedly article regarding bank comparison here
https://blog.seedly.sg/best-savings-accounts-si...

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Looking to make a switch from DBS Multiplier to OCBC 365. Should I close my account entirely?

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?

DBS multiplier vs OCBC 360 account? It has been noted that OCBC has revamped their account recently. Any advise whether I should switch over to 360 or stick to Multiplier?

Is opening DBS Invest Saver (min $100) to increase DBS multiplier interest rate for 12 mths worth it? Or just transfer my salary to Stashaway Simple / Endowus Cash?

Is there a DBS insurance plan worth getting to fulfil the DBS multiplier category?