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DBS changed its Mutiplier plan

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Old 12-07-2019, 10:39 AM   #2356
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Thanks..very new to this. So the mandate is made known when the account was opened right?

It depends on your account's Signatory Mandate.
If "AND" mandate, both parties must be present.
If "OR" mandate, either party can close the account without the presence of another party.
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Old 12-07-2019, 10:40 AM   #2357
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What is the benefit of buying 6 consecutive ssb? Besides getting interests monthly, what other benefits are there? See a lot people doing this
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Old 12-07-2019, 11:34 AM   #2358
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What is the benefit of buying 6 consecutive ssb? Besides getting interests monthly, what other benefits are there? See a lot people doing this
Crediting of interest to dbs/posb account count towards investment category for dbs multiplier bonus interest and posb cashback.
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Old 12-07-2019, 09:49 PM   #2359
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Was wondering, if it’s so easy for customers to apply for credit card waiver, won’t a lot of customers take advantage of the credit card sign up perks (free $$/cashback/vouchers) ?

How does the bank earn if no annual fee collected? V new to this thanks all
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Old 13-07-2019, 07:47 AM   #2360
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Was wondering, if itís so easy for customers to apply for credit card waiver, wonít a lot of customers take advantage of the credit card sign up perks (free $$/cashback/vouchers) ?

How does the bank earn if no annual fee collected? V new to this thanks all
Yes, in fact that's what you should do. Banks earn from drawing a percentage of fees from the merchants from each of your credit card transactions and also from suckers who pay late fees and interests.
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Old 13-07-2019, 11:51 AM   #2361
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While waiting for SSB ladder setup, does monthly buying Vickers or Treasures help to clock counter?
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Old 13-07-2019, 12:02 PM   #2362
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DBS TREASURES no min commission. Maybe $1.5 means 100 shares of $0.015 stocks, commission kenna rounded off to 0c? Lol


买了100股在$0.012, No 佣金.
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Old 13-07-2019, 05:15 PM   #2363
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Oh I see! I always put off the thought of doing that Cos I was afraid Of the hefty annual fees. Now I know it can be waivered easily hahaha

Yes, in fact that's what you should do. Banks earn from drawing a percentage of fees from the merchants from each of your credit card transactions and also from suckers who pay late fees and interests.
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Old 13-07-2019, 07:47 PM   #2364
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So for SSB I just need to buy consecutive for 6 months? Den I will qualify for the investment category interest for the next 10 years?
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Old 13-07-2019, 08:25 PM   #2365
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So for SSB I just need to buy consecutive for 6 months? Den I will qualify for the investment category interest for the next 10 years?
Yes, but you will only qualify from the 7th month onwards, not immediately from the first month you buy
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Old 13-07-2019, 08:47 PM   #2366
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So for SSB I just need to buy consecutive for 6 months? Den I will qualify for the investment category interest for the next 10 years?
I heard from a friend that you can tweak the ssb ladder purchase slightly to hasten the qualification. I will be executing this in July.
1st month: buy 1k
2nd month sell 500 and buy 1k(of that month's ssb)
continue for 6 months.
you will incur more cost to buy and sell but you will start earning higher interest earlier
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Old 13-07-2019, 08:55 PM   #2367
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I heard from a friend that you can tweak the ssb ladder purchase slightly to hasten the qualification. I will be executing this in July.
1st month: buy 1k
2nd month sell 500 and buy 1k(of that month's ssb)
continue for 6 months.
you will incur more cost to buy and sell but you will start earning higher interest earlier
Provided the gain in interest exceeds the $2 fee
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Old 13-07-2019, 09:17 PM   #2368
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I heard from a friend that you can tweak the ssb ladder purchase slightly to hasten the qualification. I will be executing this in July.
1st month: buy 1k
2nd month sell 500 and buy 1k(of that month's ssb)
continue for 6 months.
you will incur more cost to buy and sell but you will start earning higher interest earlier
Kiang jiu ho...

Mai ge kiang
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Old 13-07-2019, 11:33 PM   #2369
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what stock to buy this month using dbs vickers?
for investment category ?
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Old 14-07-2019, 02:09 AM   #2370
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I am building my SSB ladder and is now applying for my fourth month. Until I finish the six months cycle I started buying POSB IS. Idea is to buy IS for six months until SSB ladder is completed. IS only need to buy $100 per month. Later I may just sell my IS or keep it. That should fulfill the investment requirement.
thanks, any idea what this mean? T&C from dbs multiplier site

Monthly contribution amount for Unit Trust Regular Savings Plan and/or POSB Invest-Saver will be recognised for the first 12 consecutive contributions per investment fund
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