Should I switch to DBS Multiplier? - Seedly

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Asked by Anonymous

Asked on 05 Apr 2019

Should I switch to DBS Multiplier?

Currently have around $6K in OCBC360, salary credited hit $2K, credit card spending $500 knowing that OCBC365 have to spend $800 at least & invested ETF $500/monthly?


Answers (1)

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Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered on 06 Apr 2019

Assuming you do not have any loans/investment/insurance with DBS/POSB and did not insure/invest with OCBC, the interest rate is the same at 1.80%. You can try using the interest rate calculator for both accounts online to see which gives a better deal.