DBS changed its Mutiplier plan

[reddevil0728]

When you switched fund before or on the 12th month, do you redeem it or simply set the deduction to zero to pause it while starting on a new one for the purpose of getting multiplier interest?

After the 12th deduction. Suggest to wait till after the preferential interest is credited by the 7th business day of the following month (reflected on the day after), then you cancel that RSP. you don't have to redeem it at that point of time.

Then at the same time you set up the new RSP of the new fund so that on the 15th it will deduct and count for that month.

e.g. deduct 12th time on 15 Oct. Cancel on 9 Nov (assuming 7 biz day after), reflected on 10 Nov.

Then u cancel on the 10 Nov, then sign up for new RSP on the same day.

For the redemption, if you plan to reuse the same fund u need to redeem the leftover units at least 6 months before u re-set it up.

 

[IronMan123]

Which ETF did you choose?

Safer one is bond ETF. If u filter out, only 2 ETF available.

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[reddevil0728]

Safer one is bond ETF. If u filter out, only 2 ETF available.

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Not sure if it’s “safer”.

The price might tank if interest rate goes up. Given that now is already ultra low.

 

[McFadden]

Safer one is bond ETF. If u filter out, only 2 ETF available.

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buy Singapore savings bond(ssb) better?

 

[reddevil0728]

buy Singapore savings bond(ssb) better?

But that’s not considered as investment category

 

[cassowary18]

Are there any MMF on DBS Invest-Saver? Might as well DCA inside - interest rates so bad now that MMF might be worth.

 

[Trazora]

Are there any MMF on DBS Invest-Saver? Might as well DCA inside - interest rates so bad now that MMF might be worth.

there are only 4 funds under Posb Investsaver, none of them is MMF

 

[reddevil0728]

there are only 4 funds under Posb Investsaver, none of them is MMF

There are more than 4 funds.

There are also unit trust. I believe some are MMF like those Fullerton cash funds.

The 4 funds u r talking about is just ETFs.

 

[Trazora]

There are more than 4 funds.

There are also unit trust. I believe some are MMF like those Fullerton cash funds.

The 4 funds u r talking about is just ETFs.

only 4 funds under POSB Investsaver, which need only min $100 investment monthly

 

[reddevil0728]

only 4 funds under POSB Investsaver, which need only min $100 investment monthly

No.

https://www.posb.com.sg/personal/investments/other-investments/invest-saver

 

[iadpotato]

i setup a second RSP few months ago, and today received 100% rebate of all the sales charge.. lol

 

[tesarise]

No.

https://www.posb.com.sg/personal/investments/other-investments/invest-saver

Dbs doenst carry MMF UTs

 

[IronMan123]

i setup a second RSP few months ago, and today received 100% rebate of all the sales charge.. lol

100% sales charge refund promo still ongoing until end of this year.

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[iadpotato]

100% sales charge refund promo still ongoing until end of this year.

I think the TnC mention only new customer can get... LoL

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[maumu]

100% sales charge refund promo still ongoing until end of this year.

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talking about this... the current promotion is from Nov 20 to Jan 21. can't find the one before that.

i only started this September.. remember someone mentioned it before. but can't find the TnC for that period.

 

[IronMan123]

talking about this... the current promotion is from Nov 20 to Jan 21. can't find the one before that.

i only started this September.. remember someone mentioned it before. but can't find the TnC for that period.

https://www.dbs.com.sg/personal/pro...urTTy7lCMcIGxLPU7yxoC0TgQAvD_BwE&gclsrc=aw.ds

Yeah, only for newbie.

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[reddevil0728]

Dbs doenst carry MMF UTs

I thought some of those Fullerton cash fund etc is MMf. Maybe I’ve mistaken

 

[tesarise]

I thought some of those Fullerton cash fund etc is MMf. Maybe I’ve mistaken

Fullerton Cash fund is MMF. But AFAIK DBS doesn't carry that. They only carry the fixed income ones ( e.g. fullerton sgd income)

 

[reddevil0728]

Fullerton Cash fund is MMF. But AFAIK DBS doesn't carry that. They only carry the fixed income ones ( e.g. fullerton sgd income)

I see ok.

But there are more than 4 funds under invest saver. Which was the point of that post of mine.

 

[tesarise]

I see ok.

But there are more than 4 funds under invest saver. Which was the point of that post of mine.

Yup not disputing that part. Actually I personally find some fixed income funds preferable over MBH or A35