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? - Seedly
Seedly logo
Seedly logo
 

Singapore Saving Bonds (SSB)

DBS

Investments

Dividends

DBS Multiplier Account

Savings Accounts

Anonymous

Asked on 12 Jan 2020

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?

0 comments

2 answers

Answer Now

Answers (2)

Sort By

Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered on 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.

0 comments

👍 0
Mujimoro
Mujimoro
Level 5. Genius
Answered on 12 Jan 2020

No, SSBs are not considered under investments.

0 comments

👍 0

Related Products

Up to 3.8% p.a.
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$3,000
MIN. AVG DAILY BALANCE

Show More Products

Related Questions

Is it possible to cancel my POSB regular savings plan and re-sign up to qualify for extra interest under the 'Investments with DBS/POSB' category for the Multiplier account?
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?
I plan to pay myself each month first when I receive my salary. What is the best account for savings? I'm considering between dbs multiplier and uob one?
I am currently a diploma graduate (20y/o) waiting to enlist. I have a Jumpstart account with most of my savings in it and also a digiportfolio under DBS. What do you think is the next step for me?
Hi Seedly fans! I have a question about the DBS multiplier investment category. I set up a regular savings plan with DBS and was wondering how long will my RSP count as an investment category?