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DBS changed its Mutiplier plan

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Old 14-02-2018, 12:29 AM   #556
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Thank you for the info. I just started this account and just had my credit card.

I started this account in mid Jan 18 and my salary came in afterward. Itís reflected in Bank and Earn summary for Jan..I didnít receive my base 0.05% interest on last day of Jan. am I entitled for that base interest? It just only salary credit though. With 2k plus in the multiplier account.

Thanks
You should have 0.05% base interest even without salary crediting. With 2000 plus balance in the DBS multiplier account starting from mid Jan the base interest is a few cents.

Last edited by Trazora; 14-02-2018 at 12:36 AM..
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Old 14-02-2018, 01:37 AM   #557
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Thank you for the info. I just started this account and just had my credit card.

I started this account in mid Jan 18 and my salary came in afterward. Itís reflected in Bank and Earn summary for Jan..I didnít receive my base 0.05% interest on last day of Jan. am I entitled for that base interest? It just only salary credit though. With 2k plus in the multiplier account.

Thanks
As long as there is something credited at the end of the month it should be correct. Only an issue if no interest at all. Not sure if that is the case or you can't account for 0.05% which you need to base on daily average balance etc.
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Old 14-02-2018, 06:04 AM   #558
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seems quite insane to hit the 2.5 and 3.5 interest scale :X

did anyone get the $20 for opening the account?
I opened in Dec but got nothing yet :/
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Old 14-02-2018, 08:48 AM   #559
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how long does it take to get reflected in teh bank and earn summary for investments?
using DBSV, my stocks already in CDP.
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Old 14-02-2018, 12:46 PM   #560
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seems quite insane to hit the 2.5 and 3.5 interest scale :X

did anyone get the $20 for opening the account?
I opened in Dec but got nothing yet :/
received several weeks ago

how long does it take to get reflected in teh bank and earn summary for investments?
using DBSV, my stocks already in CDP.
2 days after T+3 days
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Old 19-02-2018, 09:21 PM   #561
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hi guys, quick question regarding the investment category for the multiplier.

assuming im going for POSB Invest Saver RSP, does the monthly deduction have to be from my multiplier account or any of my existing posb savings account?
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Old 19-02-2018, 09:48 PM   #562
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hi guys, quick question regarding the investment category for the multiplier.

assuming im going for POSB Invest Saver RSP, does the monthly deduction have to be from my multiplier account or any of my existing posb savings account?
Can be from any account.
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Old 19-02-2018, 10:47 PM   #563
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Can be from any account.
thanks a lot!
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Old 22-02-2018, 11:32 PM   #564
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for those who open account in December 2017, have you received your cash gift of $20?
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Old 23-02-2018, 12:03 AM   #565
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for those who open account in December 2017, have you received your cash gift of $20?
Same, Dec , no get $20 yet.
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Old 25-02-2018, 02:00 AM   #566
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Registered an account just to ask this haha.
Currently I am crediting my salary into my normal savings account, so I know I'm getting the 0.05% interest.
Don't have a home loan and also have my insurance already, so I'm only left with the credit card or investment to push up to 1.55% interest.
However, annual fees on credit cards seems to be already more than what the interest will get me( I don't earn alot la ), so most likely doesnt make sense.
So any tips on investment with DBS that i can blindly put 100-200 into every month?
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Old 25-02-2018, 02:07 AM   #567
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Registered an account just to ask this haha.
Currently I am crediting my salary into my normal savings account, so I know I'm getting the 0.05% interest.
Don't have a home loan and also have my insurance already, so I'm only left with the credit card or investment to push up to 1.55% interest.
However, annual fees on credit cards seems to be already more than what the interest will get me( I don't earn alot la ), so most likely doesnt make sense.
So any tips on investment with DBS that i can blindly put 100-200 into every month?
Just get the credit card. The annual fees can be waived
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Old 25-02-2018, 02:27 AM   #568
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Registered an account just to ask this haha.
Currently I am crediting my salary into my normal savings account, so I know I'm getting the 0.05% interest.
Don't have a home loan and also have my insurance already, so I'm only left with the credit card or investment to push up to 1.55% interest.
However, annual fees on credit cards seems to be already more than what the interest will get me( I don't earn alot la ), so most likely doesnt make sense.
So any tips on investment with DBS that i can blindly put 100-200 into every month?
can buy ABF Singapore Bond Index Fund. take note of this from the FAQ: Regular Savings Plans and POSB Invest Saver will be recognised for the first 12 consecutive months when you make contributions to an investment fund.
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Old 25-02-2018, 07:11 AM   #569
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for those who open account in December 2017, have you received your cash gift of $20?
Oh was there a promo? What was it about?
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Old 25-02-2018, 07:13 AM   #570
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can buy ABF Singapore Bond Index Fund. take note of this from the FAQ: Regular Savings Plans and POSB Invest Saver will be recognised for the first 12 consecutive months when you make contributions to an investment fund.
Just out of curiousity, so what happens after first 12 months? Won't be recognised?
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