DBS changed its Mutiplier plan

[Buzy_bee]

damn this dbs multiplier is actually quite good compared to SSB. i can only see why some might put in SSB if they already max out all the other accounts or maybe do not have a salary crediting via giro.

No guarantee dbs Multiplier will maintain the interest for long. Enjoy while it lasts.

 

[wwf]

Have your bonus interest credit already?

Its on 7th working day of the following month.

So should be 10 jan

 

[jnashville]

Dbs multipler tnc might change. Ssb lock in 10years return

Sent from Samsung SM-A520F using GAGT

Yea but at least its liquid and we can take out as and when. So it doesn't matter yea..

 

[wwf]

Yea but at least its liquid and we can take out as and when. So it doesn't matter yea..

And it might change for the good, as fed increase interest.
Mutiplier may increase in the future too.

 

[Buzy_bee]

Have your bonus interest credit already?

Its on 7th working day of the following month.

So should be 10 jan

Credited on 7 Jan.

 

[Alwaysb]

Hi i just started reading this thread. Saw about the invest saver. Most ppl suggest terminate 6 months earlier. Does that mean the only enjoy 3.5% for 6 months or alternate the etf between the sti and bond?

Terminate means must sell off the units bought? Or just stop contributing?

 

[Perisher]

Hi i just started reading this thread. Saw about the invest saver. Most ppl suggest terminate 6 months earlier. Does that mean the only enjoy 3.5% for 6 months or alternate the etf between the sti and bond?

Terminate means must sell off the units bought? Or just stop contributing?

This thread is about DBS multiplier.

Use the following thread on posb investsaver instead,
http://deluxeforums.hardwarezone.com.sg/stocks-shares-indices-92/posb-invest-saver-4309151.html

You will find more focused answers there.

 

[Trazora]

Hi i just started reading this thread. Saw about the invest saver. Most ppl suggest terminate 6 months earlier. Does that mean the only enjoy 3.5% for 6 months or alternate the etf between the sti and bond?

Terminate means must sell off the units bought? Or just stop contributing?

1. The 1st etf (say abf bond) rsp applied after setting up DBS multiplier will be counted towards the investment category for up to 12months so long funds are successfully deducted to purchase units.

2. You can apply for the STI etf after the 12 months for it to replace the ABF bond to count to the investment category. If you had the STI etf rsp previously, it must was terminated and units fully sold off at least 6 months before you reapply, for it to count to the investment category.

3. Can terminate the ABF bond rsp and fully sell off the units, so that by the time you reapply for it to replace the sti etf rsp it was terminated and units fully sold minimum 6 months before.

4. The cycle continues...

 

[daxiong88]

Nice thanks so much!

Wow i'm impressed by POSB/DBS! Instant application and approval of Multiplier account via iBanking!

Just to double confirm, housing loan can be deducted from my normal savings account and not necessary the Multiplier account to enjoy the benefits right?

Do you have housing loan with DBS or POSB? Can share the code that is shown for this housing loan payment transaction? Thanks.

 

[happy_bear]

Nice thanks so much!

Wow i'm impressed by POSB/DBS! Instant application and approval of Multiplier account via iBanking!

Just to double confirm, housing loan can be deducted from my normal savings account and not necessary the Multiplier account to enjoy the benefits right?

Im impressed too. Account set up within seconds. Hopefully can get the $88 ang bao

 

[Trazora]

Do you have housing loan with DBS or POSB? Can share the code that is shown for this housing loan payment transaction? Thanks.

So long your housing loan is with DBS or POSB and you paid to it monthly, it will count towards the dbs multiplier. Can pay the loan using CPF and it still count.

 

[Alwaysb]

Hi trazora,

I am abit slow on this as i never trade before. Why the 6 months rule? Is this from sgx? Can you explain more?

Also, assuming sti is bullish, issit it silly to sell off because that will mean the next 6 months cycle, we will have to buy at a higher price.

1. The 1st etf (say abf bond) rsp applied after setting up DBS multiplier will be counted towards the investment category for up to 12months so long funds are successfully deducted to purchase units.

2. You can apply for the STI etf after the 12 months for it to replace the ABF bond to count to the investment category. If you had the STI etf rsp previously, it must was terminated and units fully sold off at least 6 months before you reapply, for it to count to the investment category.

3. Can terminate the ABF bond rsp and fully sell off the units, so that by the time you reapply for it to replace the sti etf rsp it was terminated and units fully sold minimum 6 months before.

4. The cycle continues...

 

[Trazora]

Hi trazora,

I am abit slow on this as i never trade before. Why the 6 months rule? Is this from sgx? Can you explain more?

Also, assuming sti is bullish, issit it silly to sell off because that will mean the next 6 months cycle, we will have to buy at a higher price.

The rule is in the TnC of DBS multiplier. Not sure what is their reason. If want to use it to fulfil investment category then no choice, have to follow the rule, unless you want to buy funds/shares outside posb investsaver.

 

[appledabble]

What is a fair price to get the STI? Deciding how much to invest ....

 

[Alwaysb]

Thank you for your reply

The rule is in the TnC of DBS multiplier. Not sure what is their reason. If want to use it to fulfil investment category then no choice, have to follow the rule, unless you want to buy funds/shares outside posb investsaver.

 

[Alwaysb]

Thank you. Will read up

This thread is about DBS multiplier.

Use the following thread on posb investsaver instead,
http://deluxeforums.hardwarezone.com.sg/stocks-shares-indices-92/posb-invest-saver-4309151.html

You will find more focused answers there.

 

[tiertime]

why the Multiplier got credit $20 cash gift.. anyone got it? where did it come from?

 

[chocobo2008]

why the Multiplier got credit $20 cash gift.. anyone got it? where did it come from?

Guess it is the gift for opening account online?

 

[Soul77]

why the Multiplier got credit $20 cash gift.. anyone got it? where did it come from?

I also got it... not sure from where..

 

[Singleton]

I dont have the $20 leh

Got this Preferential rate based on total monthly transactions : S$73.59
Normal DBS saving interest : $1.79