DBS changed its Mutiplier plan

chiokcc

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https://www.posb.com.sg/personal/investments/other-investments/invest-saver

POSB Regular Savings Plan (RSP) ETFs
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Singapore Equity ETF
G3B: Nikko AM Singapore STI ETF

SGD Fixed Income ETFs
A35: ABF Singapore Bond Index Fund ETF
MBH: Nikko AM SGD Investment Grade Corporate Bond ETF

REIT ETF
CFA: Nikko AM-StraitsTrading Asia ex Japan REIT ETF
 

tecnica

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ChaosPaladin

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i guess i will need the RSP to reach 2 category. any idea whether it is more worth it or just change saving acct.

prev changed from ocbc to dbs and now this thing happened
 

BlackCube

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Yeah wanna know this too.

Also if I am reading it right, salary + cc spending + dbs/posb invest saver (any of the 4 ETFs) will still yield 2% interest for the first 50k after 01 Feb right?



that's what I understand now too.

i guess i will need the RSP to reach 2 category. any idea whether it is more worth it or just change saving acct.

prev changed from ocbc to dbs and now this thing happened

lol i just made the switch not long ago too. If what I understand is right, then it doesn't really affect much to me.
 

cassowary18

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Just be aware of the risks of investment, don't buy investment blindly just because you want to earn the extra interest.

If the investment fits into your own financial planning, then by all means go for it and use it to get the extra interest. If not, don't blindly put the money in.
 

martin

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Disappointed with this change. I ditched ocbc 360 to join this because i can attain salary +2 categories with dividends but now it becomes just salary plus 1 cat and cap at $25k. Now dunno where to move to.
 

Squaredot

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Disappointed with this change. I ditched ocbc 360 to join this because i can attain salary +2 categories with dividends but now it becomes just salary plus 1 cat and cap at $25k. Now dunno where to move to.

how about the interest rates?
is there a table to show the new T&C with interest rates?


is ocbc 360 a better deal now?
 
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XGZ1503

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Disappointed with this change. I ditched ocbc 360 to join this because i can attain salary +2 categories with dividends but now it becomes just salary plus 1 cat and cap at $25k. Now dunno where to move to.

Yah now my monthly interest amount cut by half. These bankers really know how to suck us dry.
 

yaucs

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Time to move out, been at least a good 2 years. Last change not so long ago was still acceptable.

Sent from somewhere using GAGT
 

rokawa2

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So this month of Jan can still keep 50k right to get 1.8% on 50k capped? Feb onwards then the cap lower to 25k for acct with salary plus 1 category.
 

Globe

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shock sia just now get the email ... capping at $25k

seems like moving the money to another bank is just temporary before it pulls some stunt as well ...
 

kurt111494

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shock sia just now get the email ... capping at $25k

seems like moving the money to another bank is just temporary before it pulls some stunt as well ...

You're quite right. Some banks already suddenly adjusted some of their rates downwards in Dec.
 

yukirin92

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Silver lining is that this was announced sooner rather than later... as I am on notice period got time to run to DBS/OCBC to close/open account tomorrow
 
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