Maximise DBS multiplier interest?

Hi As your salary credit is 1.6k and no credit card,the rest of of category is short term and it's not worth doing everything to get the DBS mulplier interest. You're better of with A+B below:

A. Save into the CIMB fast saver and earn 1% (need to maintain min 1k inside and if early close penalties is $50)

I've check using Seedly best savings account calculator:

https://seedly.sg/tools/savings-account-calculator eg. Assume u have 4k savings, monthly credit salary 1.6k into the account and not withdrawal, you can earn $40 interest per year. Of course you also need to live so the amount would be lessor, but is the best suited plan for your current situations.
B. After that monthly buy SSB via POSB / DBS ATM of the amount you could. This will makes it like a bond ladder (LIke multiple investment and matures at different date so that you can have $ every payout month when it matures) . See:

With A+B, is much better interest that DBS multiplier and much easier for achieve for your case. Hope it helps! Happy Savings! Ref:

CIMB Fast saver link:

https://www.cimbbank.com.sg/en/personal/product...