DBS changed its Mutiplier plan

[iadpotato]

Preferential interest is in

Huat ah!

Posted on my Graphite iPhone 12 Pro Max with the HardwareZone Forums app

 

[maumu]

Huat ah!

Posted on my Graphite iPhone 12 Pro Max with the HardwareZone Forums app

enjoy while it lasts (before the big cut in January) ;(

 

[highsulphur]

enjoy while it lasts (before the big cut in January) ;(

It is what it is


Still the best option for me

 

[LastNameTan]

Hi all, apologize if this has been asked before, but correct me if I’m wrong please, regarding the new interest rate change, assuming one has $100k in multiplier account, and fulfill 3+ categories. Does it mean over a year, 2% * 50,000 + 3% * 50,000 which means $2500 in interest earned assuming the funds are there every month and category is hit every month?

 

[TiedInsurer]

Hi all, apologize if this has been asked before, but correct me if I’m wrong please, regarding the new interest rate change, assuming one has $100k in multiplier account, and fulfill 3+ categories. Does it mean over a year, 2% * 50,000 + 3% * 50,000 which means $2500 in interest earned assuming the funds are there every month and category is hit every month?

You seem to have plucked the 2% and 3% interest rate from the sky, to illustrate your point, so i won't pick on that. Everything else is largely correct, though you will also get to earn compounded interest (which is negligible in this case i guess).

 

[reddevil0728]

Hi all, apologize if this has been asked before, but correct me if I’m wrong please, regarding the new interest rate change, assuming one has $100k in multiplier account, and fulfill 3+ categories. Does it mean over a year, 2% * 50,000 + 3% * 50,000 which means $2500 in interest earned assuming the funds are there every month and category is hit every month?

In the top tier and EVERYDAY. Cause they go by daily balance.

Yes

 

[LastNameTan]

In the top tier and EVERYDAY. Cause they go by daily balance.

Yes

Ah I went back to read some posts, the 2% and 3% is assuming one is able to reach 30k transactions in a month. I do have a vickers account but my risk appetite / broker knowledge is not big enough to buy and sell shares on diff broker to hit that transaction...guess have to wait n see liao

However, I find it so trivial, if I am a person with 30k transactions every month, what is $2500 annual interest worth to someone like that. Probably just an afterthought

 

[Squaredot]

Huat ah!

Posted on my Graphite iPhone 12 Pro Max with the HardwareZone Forums app

Huat bro! $267 credited! One more month

 

[TiedInsurer]

However, I find it so trivial, if I am a person with 30k transactions every month, what is $2500 annual interest worth to someone like that. Probably just an afterthought

The richest people in my social circle, are also the ones who have never tasted a starbucks, always wearing unbranded clothing, and eat $2.50 cai png for lunch. They don't build wealth, by treating $2,500 like worthless paper.

 

[MrAppleCrumble]

Huat bro! $267 credited! One more month

Wa yaosiew. You hit maximum tier and how much balance inside multiplier wor. Insurance category what did u buy?

 

[IronMan123]

Just want to know, how long the Manulife will reply the email after sent the email to inform them to cancel insurance plan?

Posted with iPhone HardwareZone Forums app

 

[jetblack]

That's correct
So u get 208 each month

Hi all, apologize if this has been asked before, but correct me if I’m wrong please, regarding the new interest rate change, assuming one has $100k in multiplier account, and fulfill 3+ categories. Does it mean over a year, 2% * 50,000 + 3% * 50,000 which means $2500 in interest earned assuming the funds are there every month and category is hit every month?

 

[reddevil0728]

Wa yaosiew. You hit maximum tier and how much balance inside multiplier wor. Insurance category what did u buy?

This can be achieved easily by buying and selling shares ma. but a bit risky la.

 

[LastNameTan]

Huat bro! $267 credited! One more month

Just wondering is the salary the bulk of ur eligible transaction?

 

[reddevil0728]

Just wondering is the salary the bulk of ur eligible transaction?

tbh and seriously, don't have to be concern about this and make yourself miserable if other people really earning that much right? doesn't change anything

 

[jetblack]

Nobody said u need 30k transactions

Ah I went back to read some posts, the 2% and 3% is assuming one is able to reach 30k transactions in a month. I do have a vickers account but my risk appetite / broker knowledge is not big enough to buy and sell shares on diff broker to hit that transaction...guess have to wait n see liao

However, I find it so trivial, if I am a person with 30k transactions every month, what is $2500 annual interest worth to someone like that. Probably just an afterthought

 

[reddevil0728]

Nobody said u need 30k transactions

30k to meet highest tier is for sure what.

Is just what makes up the 30k

 

[iduncheckmail]

30k in transactions value, yes. Not 30k separate transactions .

 

[jetblack]

I dont think income is a transaction. At least not in DBS context

 

[reddevil0728]

I dont think income is a transaction. At least not in DBS context

"Total eligible transactions per month"