DBS changed its Mutiplier plan

[Eternit]

How come Bank and Earn + push notifications show my Jan preferential interest as $101.64，but the actual interest deposited on 7th Feb is $97.33?

 

[a4973]

How come Bank and Earn + push notifications show my Jan preferential interest as $101.64，but the actual interest deposited on 7th Feb is $97.33?

Got to include the normal interest paid on 31 Jan.

 

[Eternit]

Got to include the normal interest paid on 31 Jan.

oh yeah, it adds up now thanks

 

[Joe Maya]

Just open digiportfolio and let robots generate $$$ for you lah.

 

[Tp101s]

Anyone tried buying UT less than 7days (cooling period time frame) from end of the month and still recognise for meeting the Investment category for DBS Multiplier?

 

[yuzu28]

Anyone tried buying UT less than 7days (cooling period time frame) from end of the month and still recognise for meeting the Investment category for DBS Multiplier?

Ur t+2 still in that mth, then will be included? Unless its a big sum, else not significant? X% of 50k in multiplier only.

 

[Han Shot First]

Can open second DBS Multiplier account via POSB/DBS online banking? Will this second DBS Multiplier account have zero fall below fee i.e. there is no need to maintain minimum daily balance of $3,000 to avoid fall below fee?

 

[torrent06]

Can open second DBS Multiplier account via POSB/DBS online banking? Will this second DBS Multiplier account have zero fall below fee i.e. there is no need to maintain minimum daily balance of $3,000 to avoid fall below fee?

No. You can only have maximum one account.

 

[Slowdown]

If you need a second multi-currency account, you can open DBS My Account. It has no minimum balance. If you are thinking of opening two Multiplier Account to earn the interest, then that is not possible. You are allowed only one account. You have to consider opening Multiplier using your wife, children, parent or sibling names.

Can open second DBS Multiplier account via POSB/DBS online banking? Will this second DBS Multiplier account have zero fall below fee i.e. there is no need to maintain minimum daily balance of $3,000 to avoid fall below fee?

 

[Han Shot First]

Any idea how to get a DBS Multiplier account with no fall below fee (i.e. minimum balance is not required)? I think I read somewhere that it was possible (in the past). I can't recall but I think opening the account online was one of the requirements to get this "benefit".

DBS My Account pays 0.05% p.a. on account balance. DBS Multiplier is still preferred because the interest payout is still higher - but I dislike the fall below fee which implies the need to maintain a minimum balance to avoid paying the fall below fee.

 

[vsvs24]

Any idea how to get a DBS Multiplier account with no fall below fee (i.e. minimum balance is not required)? I think I read somewhere that it was possible (in the past). I can't recall but I think opening the account online was one of the requirements to get this "benefit".

DBS My Account pays 0.05% p.a. on account balance. DBS Multiplier is still preferred because the interest payout is still higher - but I dislike the fall below fee which implies the need to maintain a minimum balance to avoid paying the fall below fee.

Service charge is waived for DBS Multiplier Account holders up to 29 years old, effective from May 2018 onwards.

Or open Vickers account and link to DBS multiplier

If your DBS Multi-Currency Account is linked to your DBS Vickers trading account, you do not need to maintain any minimum balance for the linked DBS Multi-Currency Account as the fall-below-fee will be waived.

 

[bjornng]

Hey guys,

My company credits my salary with the 'Advice' code, even though the description puts SALARY.

Checked bank and earn and they did not include this. Was wondering if anyone encountered this before and any advice to appeal this to dbs or something?

 

[reddevil0728]

Hey guys,

My company credits my salary with the 'Advice' code, even though the description puts SALARY.

Checked bank and earn and they did not include this. Was wondering if anyone encountered this before and any advice to appeal this to dbs or something?

First time?

B&E takes a few days to update. See top right hand corner to see the date of the b&e

 

[Meemoosaa]

Hello all - is anyone still on this DBS multiplier plan to date? The interest rate is low until like siao... isn't it better to just pull out and place it somewhere else?

I feel like pulling it all out already.

 

[Trazora]

Hello all - is anyone still on this DBS multiplier plan to date? The interest rate is low until like siao... isn't it better to just pull out and place it somewhere else?

I feel like pulling it all out already.

lol depending which tier u are at it may still be better than most other bank account interest

 

[iadpotato]

Any idea how to get a DBS Multiplier account with no fall below fee (i.e. minimum balance is not required)? I think I read somewhere that it was possible (in the past). I can't recall but I think opening the account online was one of the requirements to get this "benefit".

DBS My Account pays 0.05% p.a. on account balance. DBS Multiplier is still preferred because the interest payout is still higher - but I dislike the fall below fee which implies the need to maintain a minimum balance to avoid paying the fall below fee.

Pls don’t get My Account. The interest rate is 0.05% pa and it is calculated on a DAILY basis. So if you only have 1-2k in side like me for transactional purposes, you get $0 interest forever. I used it for one year with $0 interest. Then I switch to Posb eMySavings account internet is also 0.05% but calculated on a MONTHLY basis. So end of the month I still get like $0.04-$0.05 cents interest. Not much but better than $0 loh....

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

 

[yiwei]

Hey guys,

My company credits my salary with the 'Advice' code, even though the description puts SALARY.

Checked bank and earn and they did not include this. Was wondering if anyone encountered this before and any advice to appeal this to dbs or something?

The code need to be SAL for it to be counted as salary. Description will not work.

 

[reddevil0728]

Hello all - is anyone still on this DBS multiplier plan to date? The interest rate is low until like siao... isn't it better to just pull out and place it somewhere else?

I feel like pulling it all out already.

pretty sure a lot? if not dbs gone case already.

what matters is do you have better alternative?

 

[saffronsatire]

Posb cashback bonus requires 3 categories, otherwise it probably gives better interest? But to retag the home loan to the new acc, was told have to go down to the branch.

pretty sure a lot? if not dbs gone case already.

what matters is do you have better alternative?

 

[reddevil0728]

Posb cashback bonus requires 3 categories, otherwise it probably gives better interest? But to retag the home loan to the new acc, was told have to go down to the branch.

?????????????