DBS changed its Mutiplier plan

[iadpotato]

I think no point transfer to cdp.. need to pay transfer fee and when sell also need to pay broker commission and sgx clearing, trading and settlement fees..

Posted on my Black iPhone 7 Plus with HardwareZone Forums app

 

[iduncheckmail]

if i transfer my unit trusts (G3B) to CDP, and six months later i apply G3B for rsp again, will it be counted for investment category for multiplier?

Transfer unit trust to CDP ? u sure ? woah first time i hear this.

 

[reddevil0728]

Transfer unit trust to CDP ? u sure ? woah first time i hear this.

cause its shown under unit trust on ibanking

 

[sansanjikikut]

actually u can redeem anytime and still continue with the RSP. so u can "lock-in" your no loss. or in this case a profit.

Sorry I think you answered this before but can’t seem to find it.

When is the earliest time to redeem the RSP per month? Redeem on a weekday or weekend/PH, does it matter? Is it after the deduction has been posted on your bank account transaction history? Cos we all know B&E updates very late.

 

[reddevil0728]

Sorry I think you answered this before but can’t seem to find it.

When is the earliest time to redeem the RSP per month? Redeem on a weekday or weekend/PH, does it matter? Is it after the deduction has been posted on your bank account transaction history? Cos we all know B&E updates very late.

The moment the units get credited

 

[sansanjikikut]

Credited under which section of the app?

 

[reddevil0728]

Credited under which section of the app?

the section where u can click redeem?

 

[Heyland]

Bonus interest in

 

[maumu]

Bonus interest in

wow thanks. surprised to see it credited on a Saturday. does DBS always credit on 7th of month regardless of weekend/PH?

 

[reddevil0728]

wow thanks. surprised to see it credited on a Saturday. does DBS always credit on 7th of month regardless of weekend/PH?

“preferential interest at the preferential interest rate (which is the higher interest rate less the prevailing interest rate) based on the sum of your eligible transactions with us, calculated on daily balances, by the 7th working day of the following month.”

https://www.dbs.com.sg/personal/deposits/bank-earn/multiplier

 

[jetblack]

Shiok 275s in

 

[havetheveryfun]

Shiok 275s in

wow ur total transactions more than 30k ? ur income high ?

 

[reddevil0728]

wow ur total transactions more than 30k ? ur income high ?

income can be $1, and still clock 30k ma.

like maybe u got high housing loan?

or u trade 30k a month

 

[jetblack]

Refinance loans with dbs and buy the cheapest term insurance will do the trick

 

[maumu]

“preferential interest at the preferential interest rate (which is the higher interest rate less the prevailing interest rate) based on the sum of your eligible transactions with us, calculated on daily balances, by the 7th working day of the following month.”

https://www.dbs.com.sg/personal/deposits/bank-earn/multiplier

I know that. What I'm surprised is that they are therefore counting weekends as "working days", which is unusual.

 

[reddevil0728]

I know that. What I'm surprised is that they are therefore counting weekends as "working days", which is unusual.

I guess is cause they say "BY".

 

[maumu]

I guess is cause they say "BY".

do they always credit on 7th of month? i've only joined them for two months. so far both months are on 7th.

if they always credit on 7th (so far) it'll be easier for me to track.

 

[VacheronLim]

do they always credit on 7th of month? i've only joined them for two months. so far both months are on 7th.

if they always credit on 7th (so far) it'll be easier for me to track.

usually when you check on 8th of the month, the interest will show up

 

[havetheveryfun]

My bus n mrt expenses used in last week of Oct only got counted as Nov expenses

 

[reddevil0728]

My bus n mrt expenses used in last week of Oct only got counted as Nov expenses

when did u incur it? towards the end of oct?