Advertisement

Anonymous

12 Jan 2020

∙

General Investing

With the latest changes for DBS Multiplier account, Is investing/buying the Singapore Savings Bond (SSB) considered under the investment category when dividends are now under the Income category?

How are the new categories split with the new changes to the DBS Multiplier Account?

DBS/POSB Multiplier Account

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Adriel Thin

12 Jan 2020

When you purchase SSB, the amount of money invested to buy the SSB should count towards the investment category for that month. However, what's changed is that the dividend received from the SSB now falls under Income and not Investment.

Reply

Save

Mujimoro

12 Jan 2020

No, SSBs are not considered under investments.

Reply

Save

Write your thoughts

Related Posts

I have a POSB savings acc & DBS multiplier acc. My CDP account is linked to my POSB acc. If my dividends payout is credited to that this acc, will it unlock the Multiplier investment category?

Is buying Singapore Savings Bonds monthly through DBS savings account counted as an investment transaction?

Hi, I have recently opened the DBS Multiplier account. I would like to increase the interest rate by making transactions in the investment category. What are some possible unit trusts to consider if I already have the POSB Investsaver? ?

I'm using DBS multiplier savings account and achieving >2 categories (salary credit, investment RSP, and credit card). Should i transfer the excess (from $50k since that's the cap) to SCB Jumpstarter?

I am currently enjoying the highest interest rate possible on the DBS multiplier (2 categories). Should I get another savings account or invest the excess money (amount above 50k) into digiportfolio?

Related Products

DBS/POSB Multiplier Account

4.3

324 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

Standard Chartered JumpStart Account

4.8

783 Reviews

OCBC FRANK Account

4.7

213 Reviews

Related Posts

I have a POSB savings acc & DBS multiplier acc. My CDP account is linked to my POSB acc. If my dividends payout is credited to that this acc, will it unlock the Multiplier investment category?

Is buying Singapore Savings Bonds monthly through DBS savings account counted as an investment transaction?

Hi, I have recently opened the DBS Multiplier account. I would like to increase the interest rate by making transactions in the investment category. What are some possible unit trusts to consider if I already have the POSB Investsaver? ?

I'm using DBS multiplier savings account and achieving >2 categories (salary credit, investment RSP, and credit card). Should i transfer the excess (from $50k since that's the cap) to SCB Jumpstarter?

I am currently enjoying the highest interest rate possible on the DBS multiplier (2 categories). Should I get another savings account or invest the excess money (amount above 50k) into digiportfolio?

Advertisement