DBS changed its Mutiplier plan

[Buzy_bee]

Bonus interest should be in by today, right ? checked and havent seen it

Same. Not in yet

 

[foozgarden]

Bonus interest should be in by today, right ? checked and havent seen it

Same. Not in yet

mai gan cheong la..
end of the biz day la..

 

[sleepyhead03]

end of biz day alr but still don't see it...

mai gan cheong la..
end of the biz day la..

 

[uwa_cs]

7th working day aka 9th march

 

[hwmook]

end of biz day alr but still don't see it...

2359 then consider end of the day for DBS. They update account then but multiplier should be 7th working day.

 

[Newmaxi]

2359 then consider end of the day for DBS. They update account then but multiplier should be 7th working day.

Bonus interest is in aldy.

 

[laurent_rio]

Bonus interest is in aldy.

I receive 82.6 SGD for Feb bonus interest and i put 50,000 since beginning. Is it correct number ?

 

[znltan]

I receive 82.6 SGD for Feb bonus interest and i put 50,000 since beginning. Is it correct number ?

Received same amount (based on 2.2% interest rate).

Sent from 瑞特斯波德 using GAGT

 

[foozgarden]

received 132.44, (3.5%)

 

[Mad_Stranger]

I receive 82.6 SGD for Feb bonus interest and i put 50,000 since beginning. Is it correct number ?

Yes.
Bonus interest is calculated on a daily basis.
(i) The prevailing or preferential interest rate is applied to the end-day S$ balance in your Multiplier Account.
(ii) Each day’s interest is rounded off to the nearest 2 decimal places.
(iii) The entire month’s interest is then summed up.

For a full 50k balance at 2.2% band, daily interest is
50000 * 2.15/100 * 1/365 = 2.9452 = $2.95 (rounded to 2 d.p.)
Monthly bonus interest = 2.95 * 28 = $82.60
The remaining base interest 0.05% was credited at end Feb already

 

[mynickname]

If got 100+ means what?

 

[Trazora]

If got 100+ means what?

means you at 3.5% interest with about $37400 balance?

 

[bjornng]

are we able to see our monthly avrg balance through ibanking?

also, if interest is calculated on a daily basis, does it mean that dbs does the daily interest calculation at the end of the calendar month, after confirming which interest tier we fall in?

 

[Trazora]

are we able to see our monthly avrg balance through ibanking?

also, if interest is calculated on a daily basis, does it mean that dbs does the daily interest calculation at the end of the calendar month, after confirming which interest tier we fall in?

you will not see monthly average balance

yes. daily interest calculation at the end of the calendar month, after confirming which interest tier we fall in

 

[ephem3ra]

Is it a good time to start a nikko am sti etf Rsp? if i want to park 5k in there is it more wise to split it to 500 or 1000 a month initially until i hit 5k and change it to 200 dollars monthly from then?

 

[spiritGate]

Hi all, just to check, for this account understand it is based by transaction. The giro payment, can it be giro payment to my dbs credit card? And investing, does dividends counted?

 

[newjungle]

I don't think GIRO is required. Maybe you are talking about UOB One account?

 

[Tyrhung]

for those who open account in December 2017, have you received your cash gift of $20?

Yes. Received on 12th March.

 

[sleepyhead03]

Hmm I opened my account on 31 dec 17 but have not received the $20 cash gift yet..

 

[laurent_rio]

receive 20$ for CNY Opening account promotion. SMS received and checked money in already