DBS changed its Mutiplier plan

C

chiokcc

Arch-Supremacy Member
Joined
Dec 1, 2005
Messages
13,357
Reaction score
1,537
The salary + 1 transaction tier, as long as you hit >$2.5k, really no incentive to try to hard to go all the way
 
C

chiokcc

Arch-Supremacy Member
Joined
Dec 1, 2005
Messages
13,357
Reaction score
1,537
chiokcc said:
For those who need to know, Multiplier account fall below Minimum Average Daily Balance is $3000.

https://www.dbs.com.sg/personal/support/bank-deposit-accounts-fall-below-fee.html
Click to expand...

https://www.dbs.com.sg/personal/rates-online/multiplier-account.page

The higher interest rates of 1.55% p.a. - 3.5% p.a. are applicable only to the first S$50,000 in the DBS Multiplier Account.

Total eligible | Salary credit + | Salary credit +
transactions | transactions | transactions
per month | in 1 category | in 2 or more categories

<S$2,000 | 0.05% (p.a.) | 0.05% (p.a.)
≥S$2,000 to <S$2,500 | 1.55% (p.a.) | 1.80% (p.a.)
≥S$2,500 to <S$5,000 | 1.85% (p.a.) | 2.00% (p.a.)
≥S$5,000 to <S$15,000 | 1.90% (p.a.) | 2.20% (p.a.)
≥S$15,000 to <S$30,000 | 2.00% (p.a.) | 2.30% (p.a.)
≥S$30,000 | 2.08% (p.a.) | 3.50% (p.a.)
 
Last edited:
WoShiPro

WoShiPro

Supremacy Member
Joined
May 6, 2008
Messages
5,590
Reaction score
223
Any amount of credit card transaction will furfill the 2nd criteria?
 
naro

naro

Arch-Supremacy Member
Joined
Nov 24, 2002
Messages
14,671
Reaction score
8
pcmdan said:
If my salary is $10k and I spent $1 on credit card and have a home loan of $700 per month how much interest will I get? 2.2%?
Click to expand...

Just to add on the housing loan. If your housing loan is joint and shared 50-50 with 1 more person,the amount recognised for dB's multiplier transaction value is actually the full installment amount, not just your share.

If your 50% share of the installment amount is $700, the amount recognised for dB's multiplier transaction value is actually $1400.
 
I

ixoral

Senior Member
Joined
Dec 23, 2008
Messages
1,236
Reaction score
59
Wonder if they will run any sign up bonus campaign.... :) pls share here if any!
 
WoShiPro

WoShiPro

Supremacy Member
Joined
May 6, 2008
Messages
5,590
Reaction score
223
Will be switching to multiplier from OCBC 360. Since I'm using Vickers for trading and POSB account for crediting dividends. I will be getting slightly more interest when I make a trade.
 
Last edited:
C

chiokcc

Arch-Supremacy Member
Joined
Dec 1, 2005
Messages
13,357
Reaction score
1,537
Think best strategy is :

DBS Multiplier
1. credit salary
2. use credit card
3. investment

UOB one
1. $500 cc spend
2. 3x GIRO
 
OngHuatHuat

OngHuatHuat

High Supremacy Member
Joined
Jul 10, 2006
Messages
28,381
Reaction score
2,491
Just for your information, dbs vickers is having 5 dollars cash rebate and minimum 10 dollars commission for cash upfront buy in order, can use this to fulfill your requirement.

For example, if you buy 10 k sgd worth of stocks using dbs vickers( can be cash or cash upfront), the fully settled 10 k sgd will be counted as eligible spending.
 
mynickname

mynickname

High Supremacy Member
Joined
May 11, 2012
Messages
32,586
Reaction score
10,311
Just to check, if dividends from both spouses enter a joint account, it is aggregated. Would it matter that it comes from a joint investment? what if only coming from 1 spouse, is it counted in the other 's multiplier?
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top