Kelvin Soh

07 Jun 2019

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What are the available ways to fully utilize the DBS Multiplier?

Just read the fine print on how DBS Multiplier calculates its' interest but I had already opened a DBS Multiplier account. My dilemma is that my salary only credits on the 25th of every month.. which means I only get to enjoy 5-6 days of higher interest every month which is a bummer. Any finance/bank wise people that can shed some light on what my options are? Thanks in advance!

DBS/POSB Multiplier Account

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Kelvin Soh

07 Jun 2019

But that means I only get the base interest rate of 0.05% every month till the 25th, then my interest rate increases to 1.85% or more (cause of salary credit being on 25th) which means I am only getting 5 days of higher interest?

Not sure if I am reading the T&C right here Haha.

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Yong Kah Hwee

11 Mar 2019

Nope. As long as you fulfil the requirements, you will get the higher interest for the month. Regardless of when you receive your salary for the month.

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Gabriel Tham

09 Mar 2019

Tag Team Member at Kenichi Tag Team

Don't withdraw everything. Get salary, leave some in there for the next month, then you will have th...

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