Should I do RSP for STI ETF ($100/mth) to gain higher interest rate with DBS multiplier?

Hi anon,

I would probabl ynot recommend that. The fees on $100/mth might outweight whatever interest benefits you get. This is like buying something that is on sale because it is on sale, and not because you need it.

Also, do note that fulfilling the criteria for the investments category is only going to be recognised for the first 12 months, and after that it will no longer count. You should invest because you want to invest, and not because it will lead to a higher interest on your savings. Getting a higher interest on your savings as a by product of investing would be a better way to see it.

This kind of mentality akin to buying insurance becos your insurance agent is going to give you shopping vouches/ipad etc

When your objective of investment is to get "freebies" which is based on the discretionary of the bank's policies, usually you are losing out more in terms of opportunity cost (the potential returns you could have gotten by investing properly!)