Asked on 31 Aug 2018
DBS Multiplier vs OCBC 360 vs UOB One
DBSM because easily with 2 transaction type may hit 1.9% and with another transaction such as investment may hit 2.2%. Furthermore, DBS is quite innovative these days on their IBanking apps, offerings. If any investment via DBS Vickers would much easier and convenient than the rest.
I use DBS Multiplier, mostly because it allows for multi-currency, so I can keep my USD dollars in this account too.
UOB one with 3 GIRO charged and CC $500 spent. Will start to use Salary crediting for OCBC 360 account once my UOB one reaches the limit.
DBS Multiplier because it's already my main bank, giving a consolidated overview of my finances and so easier to achieve the eligible transactions to hit the higher interest rates.
I personally prefer DBS as it is rather easy to hit the high tier interest based on my spending habit. Plus a lot of things can be done online which makes banking very convenient.
I find OCBC a bit troublesome with slightly more hassle. Never really try UOB one though. Not planning to as I feel that reconciliation will be a headache.
DBS Multiplier, I like the fact that there is no minimum spending requirement for the credit card and can easily hit 1.85% interest just by fulfilling only 2 criteria.
DBS Multiplier since I can combo with another promotion DBS BYOB (promo ended last year). I like that there's no minimum spend with credit card, hence it's easier to achieve 2 transaction type.
Skip OCBC. Their IT and Stand chart has been pretty worrying these days.
If only within these 3 then yes DBSM as UOB One is good at 3.88% now but there are criterias like minimum $500 spending per mth, salary crediting etc. If it's not an hassle for you and easily achievable then go for it.
For OCBC 360 personally I think it's a little tedious and hassle to hit all the different criterias.
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