Alcander Seow

Environmental Engineer Minor in Business at Nanyang Technological University

03 Jan 2021

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Is opening a DBS multipliers and SAYS account worth it?

With the changes in the interest rate for the jumpstart & multipliers acc. I've enquired with DBS & heard that for the paylah + salary crediting for the multipliers acc, I'll get the 0.3%~0.5% interest rate, then if I deposit $50< into the SAYS, I'll earn 2.25% interest rate, so is it worth it for the 2years of NS for me? Any suggestions or comments, please share with me. Thanks

DBS/POSB Multiplier Account

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1M45

03 Jan 2021

I think SAYS & SAYE is the same account? If is the same then no worth, because you can only do it once. If is the same you would rather wait till you come out and work credit $3k per mth in.

multiplier is worth.

https://www.dbs.com.sg/personal/rates-online/mu...

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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?

Should I close my DBS Remix Savings account and link everything to my newly opened DBS Multiplier account?

Are there advantages in having a fixed deposit account and a savings account? Why do some people put money into a FD account, instead of say, putting everything into a savings account (e.g. DBS Multiplier)?

Currently I have a POSB eSavings account and MySavings account and I intend to have a higher interest earned for thr savings account. Do I open the DBS multiplier acct? If I do, do I close one acct?

Intending to open a DBS Multiplier account. However, I am deciding on which credit card to get - DBS Live Fresh or POSB Everyday? (I spend $300-600 on groceries, food, entertainment, EZ-Link and M1 bills). Any advice?