Anonymous

06 Jan 2020

∙

Should I open DBS Multiplier account to park my savings?

Currently using eSavings account to transfer monthly amount but it sucks- max 3k per month. EP in SG (single) for the past 6 years

DBS savings account - my monthly salary comes here. Occasionally use the debit card with it
DBS eSavings account - auto transfer $2500 per month on the 1st
Krisflyer AMEX card - frequent flyer so use this for a lot of spending
Used to transfer money back home (India) once a year but don't plan to do so now
I can save $6000 a month after monthly expenses.

DBS/POSB Multiplier Account

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Go Jo

06 Jan 2020

Do also note that there are recent changes to the terms of the multiplier account! (in case your savings exceeds 25k there are other better options) https://www.dbs.com.sg/iwov-resources/pdf/depos...

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ZL

06 Jan 2020

Definitely worth opening it! I’ve recently open one account too, the interest rate is very good especially for your high amount. It works better with multiple kind of transactions such as salary crediting, paying bills and many more!

Worth reading it up and compare with other banks such as UOB, Standard Charted and OCBC

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DBS/POSB Multiplier Account

4.4

321 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

Related Posts

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?

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?

Finally opened a savings account with DBS Multiplier! Up till yesterday, i was still confused and couldn’t differentiate the difference between Savings and Emergency funds.

I am a fresh graduate who is about to commence work. I have the Jumpstart and OCBC360 savings account but the interest rates plunged so I am thinking of opening DBS Multiplier. Should I?