DBS changed its Mutiplier plan

foozgarden

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not much difference leh.

also need to hit the 3 diff catergories.

but higher IR.. which is good
 

zumaba

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Thought the details is already on the updated TnC? Quite surprised no card spend and salary crediting amount requirement

I saw somewhere is >$7K in total? Not in T&C?
 
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Trazora

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I saw somewhere is >$7K in total? Not in T&C?

$7k in total is current mechanism. Different from new TnC, need salary credit and one of 4 criteria (card spend/mortgage/invest/insurance)
 

flikmy

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Surprised that DBS would actually increase the interest given. Under the current Multiplier mechanism, I thought that they were fairly competitive (compared to UOB and OCBC). Only BOC gives a slightly higher interest rate in comparison.
 

zumaba

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Surprised that DBS would actually increase the interest given. Under the current Multiplier mechanism, I thought that they were fairly competitive (compared to UOB and OCBC). Only BOC gives a slightly higher interest rate in comparison.

but give BOC's fabulous rebate on its Family visa card spending, I believe overall BOC's SmartSave a/c still beats DBS Mutiplier a/c even with its new higher interest rate.
 

Trazora

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but give BOC's fabulous rebate on its Family visa card spending, I believe overall BOC's SmartSave a/c still beats DBS Mutiplier a/c even with its new higher interest rate.

Think need to see what is the amount required for salary crediting and card spend for DBS multiplier before making this assessment.
 

flikmy

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I believe they will only make it harder and tougher....

Agree, that almost seems certain since if they're giving better interest rates, then they have to cut the payout somewhere. Banks aren't a charity and DBS would be comparing their offering to all the other banks in Singapore.
 

wira

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to quality for 3.5% need monthly transaction of > $30K. thats had to hit.
 
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