www.hardwarezone.com.sg


www.hardwarezone.com.sg (/)
-   Money Mind (https://forums.hardwarezone.com.sg/money-mind-210/)
-   -   DBS changed its Mutiplier plan (https://forums.hardwarezone.com.sg/money-mind-210/dbs-changed-its-mutiplier-plan-5699929.html)

camholicx 01-10-2017 03:44 PM

DBS changed its Mutiplier plan
 
https://www.dbs.com.sg/personal/edm/201710/01_multiplier_notice/dbs.html

camholicx 01-10-2017 03:45 PM

https://www.dbs.com.sg/personal/edm/...otice/dbs.html

rick_seah 01-10-2017 03:47 PM

versus UOB one account?

newjungle 01-10-2017 06:03 PM

New rate fr 1 Nov, no further info at this moment.

Trazora 01-10-2017 06:05 PM

Quote:

Originally Posted by newjungle (Post 110573504)
New rate fr 1 Nov, no further info at this moment.

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

foozgarden 01-10-2017 06:08 PM

not much difference leh.

also need to hit the 3 diff catergories.

but higher IR.. which is good

babyrobo 01-10-2017 08:29 PM

Quote:

Originally Posted by Trazora (Post 110573534)
Thought the details is already on the updated TnC? Quite surprised no card spend and salary crediting amount requirement

More like they haven't reveal the criteria yet

zumaba 01-10-2017 08:55 PM

Quote:

Originally Posted by Trazora (Post 110573534)
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?

Trazora 01-10-2017 10:29 PM

Quote:

Originally Posted by zumaba (Post 110576300)
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 02-10-2017 01:20 PM

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 02-10-2017 01:31 PM

Quote:

Originally Posted by flikmy (Post 110587221)
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 02-10-2017 02:06 PM

Quote:

Originally Posted by zumaba (Post 110587427)
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.

newjungle 02-10-2017 08:14 PM

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

flikmy 03-10-2017 12:21 PM

Quote:

Originally Posted by newjungle (Post 110594514)
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.

Trazora 31-10-2017 06:52 PM

More update on this post http://forums.hardwarezone.com.sg/11...0-post132.html


All times are GMT +8. The time now is 02:32 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Copyright © SPH Magazines Pte Ltd. All rights reserved.