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DBS Multiplier is a savings account that lets you earn up to 4.1% p.a. bonus interest on your balance, based on your income and transactions. You can apply online with Singpass and enjoy access to 13 currencies, cashback, and no min spend.
- Multiplier Account
Singapore Dollar (SGD) Bonus interest rates of up to 4.10%...
- DBS Multiplier FAQs
What is DBS Multiplier Account? The DBS Multiplier Account...
- Multiplier Account
Singapore Dollar (SGD) Bonus interest rates of up to 4.10% p.a. are applicable only up to the first S$100,000 in the DBS Multiplier Account. The interest rate you qualify for is determined by your monthly eligible transactions with DBS/POSB.
Aug 1, 2023 · Learn how to open a DBS Multiplier Account online and earn bonus interest when you transact with DBS/POSB. Find out the eligible transactions, balance cap, interest calculation and more.
- 30 April
- 29 April
- How Are DBS Multiplier Interest Rates calculated?
- DBS Multiplier Interest Rates For Paylah Option
- DBS Multiplier Income Category: What Counts as “Income”?
- DBS Multiplier Credit Card Category: Which Card Is Best?
- DBS Multiplier Home Loan Category: Is It A Good Idea?
- DBS Multiplier Invest & Insure Categories: Worth It Or Not?
- What Is The DBS Multiplier Account’S Bonus Interest Cap?
- DBS Multiplier vs UOB One Account — Which Is Better?
- DBS Multiplier vs OCBC 360 Account — Which Is Better?
- DBS Multiplier Account Minimum Balance & Other Things to Know
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The DBS Multiplier account starts with a very low base interest rate of 0.05% p.a. To earn the highest bonus interest, you need to fulfil transactions in 3 categories. Requirement 1: Income credit (compulsory) Requirement 2: Select 1 or more of the below transactions 1. Spending on DBS/POSB credit cards 2. Getting a home loan from DBS/POSB 3. Inves...
There’s another way to earn bonus interest with the DBS Multiplier if you can’t hit the $2,000 minimum: the DBS Paylah method. As you can see, to earn 0.55% with the income + PayLah method, you only need to hit $500 a month in transactions. But with the DBS Multiplier’s usual income + 1 category route, you’d need to hit $2,000 for the same returns....
There are two ways to tick off the “income” box: either salary credit, dividends or connecting SGFinDex to DBS NAV Planner. Salary credit: This is the conventional way — make sure your salary is credited via GIRO, with reference code SAL or PAY. It can be credited to any of your DBS/POSB savings accounts, including joint accounts. Dividends: Select...
Although not compulsory, it’s a very good idea to use a DBS/POSB credit card to bump up your bonus interest tier. Unlike other savings accounts which require you to spend at least $500, there’s no minimum with DBS. Just remember to swipe it at least once a month. Here are some DBS/POSB credit cardsyou can consider using:
We wouldn’t usually recommend jumping through hoops for bonus interest, even more so at a time when the bank home loan rates are soaring due to inflation. Typically, bank mortgage interest rates tend to be lower than the HDB loan rates. For example, at one point DBS current offered a bank home loan interest rate that was as low as 1.5% for HDBs. Ho...
Another way to temporarily unlock bonus interest on your DBS Multiplier is by investing and/or buying insurance. For investments, you have the following options. They need to be NEW purchases made after opening your DBS Multiplier account: 1. DBS Invest-Saver (regular savings plan) 2. Buy stocks, bonds and structured products with DBS Vickers Onlin...
As you may have noticed, there is a “balance cap” for each tier you unlock. That means that as your savings grow, it gets increasingly difficult to earn bonus interest. Once your account balance goes up to $50,001 to $100,000, you can only earn bonus interest on your full balance if you meet the following condition: income crediting + 3 additional ...
The DBS Multiplier account’s major rival is the UOB One account. Let’s see how the two fair against each other. With the DBS Multiplier account, you can attain up to 0.55% p.a. interest by crediting your salary and spending at least $500 via DBS PayLah!. On the other hand, when you credit your salary and spend at least $5oo on an eligible UOB card,...
The OCBC 360 accountis also similar to the DBS Multiplier, but there’s no one transaction requirement. Instead, you just pick from salary credit, insurance, investment, and/or increasing your monthly balance. 1. Income crediting:Unlike the DBS Multiplier, you do not need salary credit to earn bonus interest on your OCBC 360 (although it helps a lot...
Here are a few essential bits of information to bear in mind: 1. Minimum age: 18 years old 2. Nationality:Singaporeans, PRs, foreigners 3. Initial deposit: None 4. Minimum balance (daily): $3,000 5. Fall-below fee:$5 (waived for account holders up to age 29) 6. Bonus interest cap: $25,000, $50,000 or $100,000, depending of which tier of interest yo...
Learn how to maximise your savings with the DBS Multiplier account, which offers up to 3.8% interest rate with various categories and transactions. Compare with other savings accounts and find out the latest terms and conditions.
Learn how to apply, earn interest and transact with DBS Multiplier Account, a personal deposit account that rewards you higher interest when you transact with DBS/POSB. Find out the eligibility criteria, preferential interest rates, eligible transactions and revisions effective 1 January 2021.
DBS Multiplier Is a good savings deposit account which offers 0.05% base interest rate. Bonus interest rate increases according to your DBS credit card spend, home loan, investments, or insurance, capped at a maximum of 3.80%. Rates updated to reflect 2020 new changes. 0.05%. Base Interest Rate p.a.
The DBS Multiplier Account is a deposit account that rewards you higher interest when you credit your income (salary and/or dividends) and transact in one or more of the following categories: credit card spend, home loan instalment, insurance, investments. It has Singapore Dollar and 12 foreign currencies in one account.
