DBS changed its Mutiplier plan

[Squaredot]

I cant find it
Is it under 'bank and earn summary' > history?
I only see two bar charts, interest earned and eligible transactions.

In app, go to ELIGIBLE TRANSACTIONS, expand Insurance,, will show x/12.

 

[farmers]

In app, go to ELIGIBLE TRANSACTIONS, expand Insurance,, will show x/12.

Thanks a lot!

 

[BlackCube]

Hello, can check how do I stop investing in the etf for the multiplier account?

Last year, I added `ABF Singapore Bond Index` and last 1-2 months, it's been 12 months, so I want to remove it, and then I added `Nikko AM SGD Investment Grd Corp Bd ETF`.
I sold all the ones in `ABF Singapore Bond Index`, and added `Nikko AM`, is that not correct? because now I have both..

Anyone can guide me through?

 

[cassowary18]

Hello, can check how do I stop investing in the etf for the multiplier account?

Last year, I added `ABF Singapore Bond Index` and last 1-2 months, it's been 12 months, so I want to remove it, and then I added `Nikko AM SGD Investment Grd Corp Bd ETF`.
I sold all the ones in `ABF Singapore Bond Index`, and added `Nikko AM`, is that not correct? because now I have both..

Anyone can guide me through?

You need to terminate the RSP first. https://www.dbs.com.sg/personal/support/investment-ut-terminate-invest-saver.html

 

[BlackCube]

You need to terminate the RSP first. https://www.dbs.com.sg/personal/support/investment-ut-terminate-invest-saver.html

So if I click delete, then whatever balance amount will be refunded back to me right?

nvm i know le. i sell all before I delete the rsp

 

[reddevil0728]

So if I click delete, then whatever balance amount will be refunded back to me right?

nvm i know le. i sell all before I delete the rsp

Selling and terminate 2 separate actions.

you can terminate but don’t need to sell.

is not a refund

 

[BlackCube]

yeah i know is different. i wanted to sell before terminate

 

[demoforce1]

I cant find it
Is it under 'bank and earn summary' > history?
I only see two bar charts, interest earned and eligible transactions.

it is under eligible transactions

 

[Imhthc]

yeah i know is different. i wanted to sell before terminate

After you clicked to sell all units, you go to delete to terminate the RSP arrangement. There is a cut off date and if your instruction for termination is after that date, it will be terminated only after another deduction for May is made.

 

[reddevil0728]

After you clicked to sell all units, you go to delete to terminate the RSP arrangement. There is a cut off date and if your instruction for termination is after that date, it will be terminated only after another deduction for May is made.

actually you can also make it fail by just having insufficient money in the account.

 

[BlackCube]

After you clicked to sell all units, you go to delete to terminate the RSP arrangement. There is a cut off date and if your instruction for termination is after that date, it will be terminated only after another deduction for May is made.

yeah, it's alright. if still got, then will sell again lo.

 

[maumu]

After you clicked to sell all units, you go to delete to terminate the RSP arrangement. There is a cut off date and if your instruction for termination is after that date, it will be terminated only after another deduction for May is made.

is it safe to make it by cut-off date to terminate after the bonus interest is in? (typically 7th of month)

 

[reddevil0728]

is it safe to make it by cut-off date to terminate after the bonus interest is in? (typically 7th of month)

terminate on the 8th.

 

[Imhthc]

is it safe to make it by cut-off date to terminate after the bonus interest is in? (typically 7th of month)

I was affected by this a few years back. I gave instruction of termination of my 13th rsp before 7th of the month and I was not awarded the cashback for investment category for that month in “bank and earn”. I suspected it was a system issue, because I complained and they take a month to put in the cashback

 

[reddevil0728]

I was affected by this a few years back. I gave instruction of termination of my 13th rsp before 7th of the month and I was not awarded the cashback for investment category for that month in “bank and earn”. I suspected it was a system issue, because I complained and they take a month to put in the cashback

Ya. Apparently their system a bit stupid. If you cancel before the credit of the interest. It wouldn’t capture.

hence they suggest to cancel after credit

 

[CrashWire]

I was affected by this a few years back. I gave instruction of termination of my 13th rsp before 7th of the month and I was not awarded the cashback for investment category for that month in “bank and earn”. I suspected it was a system issue, because I complained and they take a month to put in the cashback

I cancelled at the start of the month, and now my April disappeared from Bank and Earn. Looks like I might need to complain when everyone's bonuses have posted…

 

[maumu]

the same goes for insurance right? should only cancel after 7th (when interest is in)?

thing is for insurance, the effective month (for the bonus interest) is the month after we buy. Is that why some people buy the next one before the current one expires?

this is always confusing customers.

 

[reddevil0728]

I cancelled at the start of the month, and now my April disappeared from Bank and Earn. Looks like I might need to complain when everyone's bonuses have posted…

just let them know on the 8th

 

[reddevil0728]

the same goes for insurance right? should only cancel after 7th (when interest is in)?

thing is for insurance, the effective month (for the bonus interest) is the month after we buy. Is that why some people buy the next one before the current one expires?

this is always confusing customers.

it's actually similar to investment. just that delay by 1 month. but yes is confusing when it isn't consistent.

 

[maumu]

it's actually similar to investment. just that delay by 1 month. but yes is confusing when it isn't consistent.

regardless, we should apply for next cycle of insurance in the month the current one expires right? so that it starts the following month.

so let's say they charge the 12th month on 16 August, which is counted for September. The bonus interest would come in on 7 September. Is it correct for me to:
- cancel the current plan on 8 September (after interest credited) before they deduct the 13th month on 16 September
- apply for next plan on 8 September
so that they will deduct in September and will start count for October?