DBS changed its Mutiplier plan

[silverbomb]

need to clock min 3 categories before anything show on tracker

I see. I'm gonna schedule a new RSP unit trust 15th this month, so effectively this month would count with this RSP tgt with CC spend and salary.

Posted from PCWX using SM-G965F

 

[Newmaxi]

I see. I'm gonna schedule a new RSP unit trust 15th this month, so effectively this month would count with this RSP tgt with CC spend and salary.

Posted from PCWX using SM-G965F

I have switch to cash back fm multiplier. Can I subscribe to the same RSP to earn cash back?

Also what is the cost to redeem RSP?

 

[IronMan123]

My "Preferential rate based on total monthly transactions" dropped 40% for last month with double Eligible Monthly Transactions, time to move on

Same here. Just wonder if I cancel my cancercare plan which cost me around $20/ mth is a wise move?

 

[reddevil0728]

I have switch to cash back fm multiplier. Can I subscribe to the same RSP to earn cash back?

Also what is the cost to redeem RSP?

No additional charge for redemption

 

[reddevil0728]

Same here. Just wonder if I cancel my cancercare plan which cost me around $20/ mth is a wise move?

It depends on whether you have better alternatives.

Where do you get better yield?

 

[EarthlyTreasure]

No additional charge for redemption

Does anyone know how redemption price is determined (eg closing price; average price similar to RSP purchase, etc)?

Need to execute sell before 3pm business day to get redemption done on the same business day.

Real example:
redeemed MBH on Fri 29/1/21 before 3pm.
Proceeds credited on Tue 2/2/21
Transacted price: $1.057

Price history on Fri 29/1/21:
Open: $1.057
High: $1.060
Low: $1.057
Close: $1.057

 

[reddevil0728]

Does anyone know how redemption price is determined (eg closing price; average price similar to RSP purchase, etc)?

Need to execute sell before 3pm business day to get redemption done on the same business day.

Real example:
redeemed MBH on Fri 29/1/21 before 3pm.
Proceeds credited on Tue 2/2/21
Transacted price: $1.057

Price history on Fri 29/1/21:
Open: $1.057
High: $1.060
Low: $1.057
Close: $1.057

Website got describe the process

 

[len555]

Just wondering, did anyone moved out of multiplier? If yes, care to share where? I'm still sticking with the 0.8%.. i'm being tempted to move a lot to robos cash mgt

 

[IronMan123]

Just wondering, did anyone moved out of multiplier? If yes, care to share where? I'm still sticking with the 0.8%.. i'm being tempted to move a lot to robos cash mgt

Yeah, moved to Syfe Cash+ 1.75%. So far so good. PM u the referral code in case u need it.

Posted with iPhone HardwareZone Forums app

 

[reddevil0728]

Just wondering, did anyone moved out of multiplier? If yes, care to share where? I'm still sticking with the 0.8%.. i'm being tempted to move a lot to robos cash mgt

Yeah, moved to Syfe Cash+ 1.75%. So far so good. PM u the referral code in case u need it.

Posted with iPhone HardwareZone Forums app

syfe cash+ and dbs multiplier 2 very different purpose. so need to think if what you need is really the 1.75% or something else.

got trade-off

 

[cassowary18]

Just wondering, did anyone moved out of multiplier? If yes, care to share where? I'm still sticking with the 0.8%.. i'm being tempted to move a lot to robos cash mgt

Switched to POSB Cashback Bonus, moved money to Singlife (1% interest above first $10K)

 

[GameTheory]

hi guys, I'm curious what's your plan with the insurance category?

My CancerCare policy is coming up to full year soon 12/12:

• I'm wondering if there is another cheap policy which I can sign up (I don't own a house, so I can't take up the home insurance...)
• can I just cancel the CancerCare, and re-signup again...? will it count? I heard some people manage to get this to work

 

[maumu]

hi guys, I'm curious what's your plan with the insurance category?

My CancerCare policy is coming up to full year soon 12/12:

• I'm wondering if there is another cheap policy which I can sign up (I don't own a house, so I can't take up the home insurance...)
• can I just cancel the CancerCare, and re-signup again...? will it count? I heard some people manage to get this to work

According to past posts, can just apply again. Can even overlap two policies under same name.

 

[GameTheory]

According to past posts, can just apply again. Can even overlap two policies under same name.

wow.. okay I'll do that then

 

[silverbomb]

just submitted my Invest Saver now. any clue if it will be in time for today's deduction? It is based on 3pm cut off timing today or?

 

[reddevil0728]

just submitted my Invest Saver now. any clue if it will be in time for today's deduction? It is based on 3pm cut off timing today or?

Morning wake up see if money deduct. If don’t have means no.

Where leave it till so last minute?

 

[vddgnd]

just submitted my Invest Saver now. any clue if it will be in time for today's deduction? It is based on 3pm cut off timing today or?

Setup 1 working day before 15th of the month. Your setup seem too late for deduction today. If successful setup, now already deducted from account. Check your deducting account.

 

[Panerex]

If I no longer have monthly salary stream, May I know if it would still be worthwhile to maintain Multiplier Account?

 

[reddevil0728]

If I no longer have monthly salary stream, May I know if it would still be worthwhile to maintain Multiplier Account?

you can build a SSB ladder. but it will take about 6 months.

alternatively, you every month go buy those stocks that pays dividend in that month to unlock in the category.

failing which no point. because that's the gate opener. as it pays 0.05% only. unless u don't have better alternative elsewhere

 

[vbhelper]

According to past posts, can just apply again. Can even overlap two policies under same name.

didn't know about this.
Is this for cancercare only or for other policies too?