DBS changed its Mutiplier plan

[iadpotato]

Worth opening a multiplier account right now?

The money is parked with UOB One account now, whose interest rate is going to be cut again since 1 Sept.

If you can unlock 4.1% for multiplier, it’s a no brainer. I have both maxed out anyway, so no need to choose.

 

[ericcsn]

When you unlock 4.1% and beyond.

 

[reddevil0728]

When you unlock 4.1% and beyond.

Can beyond one ah?

 

[ericcsn]

Can beyond one ah?

casa.

 

[reddevil0728]

casa.

oh chey. that 1 lose liquidity so not comparable

 

[SamSze]

thank you all. actually why I asked this question is I am wondering if DBS would cut interest rates soon or not.

 

[reddevil0728]

thank you all. actually why I asked this question is I am wondering if DBS would cut interest rates soon or not.

lol. well we will know when they announce. unless you expect someone here knows what's unannounced?

 

[sglandscape]

lol. well we will know when they announce. unless you expect someone here knows what's unannounced?

https://www.straitstimes.com/busine...rom-sept-1-after-ocbc-cut-dbs-stays-unchanged

After this article, they say they maintained rate and yielded positive outcomes, if they cut soon means something wrong.

 

[DevilPlate]

If you can unlock 4.1% for multiplier, it’s a no brainer. I have both maxed out anyway, so no need to choose.

very difficult to unlock 4.1% every month

 

[marcoyeo]

Should account for all the hoops on mortgage interest rate, insurance premiums and fees paid for investment, does attaining 4.1% on huge surplus cash worth it or not?

 

[reddevil0728]

very difficult to unlock 4.1% every month

Not exactly eh.

Should account for all the hoops on mortgage interest rate, insurance premiums and fees paid for investment, does attaining 4.1% on huge surplus cash worth it or not?

1. You purposely choose DBS mortgage cause of multiplier meh? If not should just treat that as a “bonus” for unlocking one ccategory.

2. for insurance what are you buying?

3. for investment fees very high meh?

the question you are asking about worth it or not doesn’t make sense. What’s considered worth it to you? So long positive return is worth it? Where’s the bar?

at least do some homework la.

 

[DevilPlate]

>30k tx amt per mth shd be easy for EDMW 20k/mth salary income

 

[reddevil0728]

>30k tx amt per mth shd be easy for EDMW 20k/mth salary income

Here not edmw

 

[vsvs24]

DBS big cut in FD wef 19 Aug.

https://www.dbs.com.sg/iwov-resources/media/pdf/deposits/dbs-rate-notices.pdf

They probably have more money than they need.

When funds start to move from other banks to DBS, it is not sustainable. We have seen it happen to BOC Supersaver and UOB Stash.

 

[sglandscape]

DBS big cut in FD wef 19 Aug.

https://www.dbs.com.sg/iwov-resources/media/pdf/deposits/dbs-rate-notices.pdf

They probably have more money than they need.

When funds start to move from other banks to DBS, it is not sustainable. We have seen it happen to BOC Supersaver and UOB Stash.

This cut seems to similar to all the other cuts we have seen from other banks so far, nothing too alarming.

 

[RedsYWNA]

This cut seems to similar to all the other cuts we have seen from other banks so far, nothing too alarming.

Mainly helps those borrowers on DBS FHR rates. As we only can put max S$19,999 for DBS FD, the impact is not so significant to individuals

 

[royalmix]

thank you all. actually why I asked this question is I am wondering if DBS would cut interest rates soon or not.

You can stay with UOB if you think DBS might cut rates, but that’s basically just speculation. You’re stuck or clung with 2.5% “just in case”! That’s not foresight - that’s financial self-sabotage dressed up as wisdom!

“Surge in demand = banks cut rates”?” Please. That’s like saying hawker queues cause food prices to drop.

Come back when you’re ready to talk facts, not fortune cookies!

 

[sglandscape]

You can stay with UOB if you think DBS might cut rates, but that’s basically just speculation. You’re stuck or clung with 2.5% “just in case”! That’s not foresight - that’s financial self-sabotage dressed up as wisdom!

“Surge in demand = banks cut rates”?” Please. That’s like saying hawker queues cause food prices to drop.

Come back when you’re ready to talk facts, not fortune cookies!

Always be prepared to move the money around

 

[jpathzone]

For DBS , i just tried subscribed 1k to a short term duration bond fund with srs , fee is 0.5%. i suppose minumum can be $1 or $100

On Day4 , the transaction is seen , and registered as a invest multiplier category.

Now Day9 , the fund is still yet seen in my fund portfolio (available for redemption).

Seems long lead time for DBS. On moomoo, all is subscribed and completed on Day3 for the same fund with zero platform fees

 

[royalmix]

For DBS , i just tried subscribed 1k to a short term duration bond fund with srs , fee is 0.5%. i suppose minumum can be $1 or $100

On Day4 , the transaction is seen , and registered as a invest multiplier category.

Now Day9 , the fund is still yet seen in my fund portfolio (available for redemption).

Seems long lead time for DBS. On moomoo, all is subscribed and completed on Day3 for the same fund with zero platform fees

Be smart, if you intend to redeem immediately, use cash, dun complicate matters for yourself!