DBS changed its Mutiplier plan

[tytyty333]

From where can I know the redeem/sell fee for these 4 RSP ETFs?

 

[reddevil0728]

From where can I know the redeem/sell fee for these 4 RSP ETFs?

internet banking account investment tab

 

[cassowary18]

If I redeem a fund today, when's the first month I can buy the same fund again? July or August?

 

[reddevil0728]

If I redeem a fund today, when's the first month I can buy the same fund again? July or August?

The day it gets redeemed + 6 months lor

 

[EarthlyTreasure]

For the four available ETFs redemption under RSP, is this only effected once a month on 15th day of the month, similar to recurring purchase date?

Or can redemption be effected on any business day, in the month, before daily cut off time?

 

[hwmook]

For the four available ETFs redemption under RSP, is this only effected once a month on 15th day of the month, similar to recurring purchase date?

Or can redemption be effected on any business day, in the month, before daily cut off time?

Only 15th, no other date.

 

[reddevil0728]

Only 15th, no other date.

Redemption can be anytime what

 

[EarthlyTreasure]

Redemption can be anytime what

Do u mean RSP ETF can redeem anytime, but this will only be effected on 15th? ie something similar to SSB redemption.

 

[hwmook]

Redemption can be anytime what

Sorry I see wrongly. I thought its purchase date.

 

[TsukiSG]

Do u mean RSP ETF can redeem anytime, but this will only be effected on 15th? ie something similar to SSB redemption.

Can redeem any time. Effective redemption price is the average redemption price on the business day following your instruction. Crediting date is T+7.

 

[cassowary18]

The day it gets redeemed + 6 months lor

So since purchase date is the 15th means that July I can buy again? Since July 15th is more than 6 months away.

 

[reddevil0728]

So since purchase date is the 15th means that July I can buy again? Since July 15th is more than 6 months away.

Sounds about right. But you may want to get a confirmation from dbs vis their live chat function on internet banking and take a screenshot for black and white

 

[greythorne]

So let’s say I want to go with POSB Cashback , understand that my multiplier account would automatically convert to My Account. But the RSP is only 8months. So that one also be canceled?

Of course for the POSB Cashback i will need to apply new RSP.

 

[Trazora]

So let’s say I want to go with POSB Cashback , understand that my multiplier account would automatically convert to My Account. But the RSP is only 8months. So that one also be canceled?

Of course for the POSB Cashback i will need to apply new RSP.

The RSP will still remain unless you terminate it.

 

[swathe]

My Savings is rebate to debit card use. Why is it more worth it than Multiplier which can earn credit card rebates on top of interest?

 

[cassowary18]

My Savings is rebate to debit card use. Why is it more worth it than Multiplier which can earn credit card rebates on top of interest?

I think you're referring to the DBS Visa Debit Card? Look at DBS Live Fresh credit card - quite similar to the bonus categories for the Visa debit card.

 

[Trazora]

My Savings is rebate to debit card use. Why is it more worth it than Multiplier which can earn credit card rebates on top of interest?

where u see it is more worth it?

 

[highsulphur]

Just started on rsp on MBH this month for multiplier. So it's valid for 12 months? I should suspend after the Dec deduction and start another RSP? Is there one for ABF?

 

[TsukiSG]

Looking at transferring spare fund to SAYE. But if there is a month there is no salary crediting what will happen ah? Is it no bonus interest for that month only or game over? Anybody know?

In case change job and there is a gap in between for salary crediting.

No bonus interest for the portion deposit to SAYE account in the no salary month forever. If you foresee you won't have salary for certain month, adjust the monthly savings amount for that month to $50 to mitigate loss.

 

[reddevil0728]

Just started on rsp on MBH this month for multiplier. So it's valid for 12 months? I should suspend after the Dec deduction and start another RSP? Is there one for ABF?

Yes.

Yes.

A35?