DBS changed its Mutiplier plan

[demoforce1]

Will the balance in USD get the same interest rate as SGD in multiplier?

 

[cassowary18]

Will the balance in USD get the same interest rate as SGD in multiplier?

Foreign currency balance don't have interest.

 

[reddevil0728]

Foreign currency balance don't have interest.

Got just different rate

https://www.dbs.com.sg/personal/rates-online/multiplier-account.page
But now only usd got some interest

 

[cassowary18]

Got just different rate

https://www.dbs.com.sg/personal/rates-online/multiplier-account.page
But now only usd got some interest

Haha I see all the 0.00% I didn't scroll all the way down

 

[Jirachi]

words of caution using SG FinDex
- it is somewhat "permanent" as the access granted lasts a full year
- if need to, dont link too many accounts
- no way to unlink after linking ... it lasts a full year !
- everytime u refresh, it could inadvertently mean agreeing another full year of sharing
- iirc, CPF info will also be linked (cannot opt out)
have to read the SG FinDex Terms of Agreement for fine print, which the banks do not make explicit
that's my experience linking SG FinDex with SC

SGFinDex allows you to unlink your accounts.

 

[Joseph99]

Hi all, my insurance category is showing 11/12 this month. So do I buy another insurance this month or next month ?

 

[maumu]

Hi all, my insurance category is showing 11/12 this month. So do I buy another insurance this month or next month ?

if it's showing 11/12 this month it means you paid your 11th month in Sep (recognise in Oct). so you should be paying your last installment this month which will be recognised in Nov.

Apply your next one in November which will show up and recognise as (1/12) in Dec.

PS. don't cancel the insurance plan until you see 12/12 reflected next month. You can terminate GIRO first on 1st Nov.

 

[chiokcc]

Hi all, my insurance category is showing 11/12 this month. So do I buy another insurance this month or next month ?

May consider buying one this month to take advantage of 10.10 promo


Insurance promo : https://www.posb.com.sg/iwov-resources/pdf/insurance/promotions/LI10Oct2021promotions.pdf

 

[maumu]

can I check for those buying ETFs.. this month's my first month. noticed the units issued is rounded off to whole number (e.g. 95.000 units).

then I don't see any refund of the unused credits (after deducting the fees). usually when will the bank refund the balance amount to the multiplier account?

 

[Froggyman]

can I check for those buying ETFs.. this month's my first month. noticed the units issued is rounded off to whole number (e.g. 95.000 units).

then I don't see any refund of the unused credits (after deducting the fees). usually when will the bank refund the balance amount to the multiplier account?

Usually about 2 business days after the deduction. Since 16th and 17th is weekend so probably you will see the refund by tomorrow .

 

[reddevil0728]

can I check for those buying ETFs.. this month's my first month. noticed the units issued is rounded off to whole number (e.g. 95.000 units).

then I don't see any refund of the unused credits (after deducting the fees). usually when will the bank refund the balance amount to the multiplier account?

You check too early.

usually refund will show at like 9ish

 

[maumu]

Usually about 2 business days after the deduction. Since 16th and 17th is weekend so probably you will see the refund by tomorrow .

You check too early.

usually refund will show at like 9ish

thanks both. yes it has shown up... 80 cents

and the fund immediately drop 20 cents (0.2%) upon 'listing'. hahhaa... everything's in the red these days. sian.

 

[reddevil0728]

thanks both. yes it has shown up... 80 cents

and the fund immediately drop 20 cents (0.2%) upon 'listing'. hahhaa... everything's in the red these days. sian.

they are using a snapshot. but real time the price might actually be up

 

[ABuNeNe]

my insurance CancerCare is on 12/12 and have deducted $17.80 for this month instead of the $11.57 in the previous month, should I cancel the current one and get a new one this month or next month?

think my RSP for month is also expiring this month and the $100 is already deducted for this month , should I cancel this month get the same one or there is better ETF to get?

 

[reddevil0728]

my insurance CancerCare is on 12/12 and have deducted $17.80 for this month instead of the $11.57 in the previous month, should I cancel the current one and get a new one this month or next month?

think my RSP for month is also expiring this month and the $100 is already deducted for this month , should I cancel this month get the same one or there is better ETF to get?

For RSP.

suggest only cancel it after the crediting of bonus interest (if you want to play it super safe) on the 8th of next month.


but you can set up a new one now. it can't be the same has to be a different 1. refer to the FAQ on their website

 

[ABuNeNe]

For RSP.

suggest only cancel it after the crediting of bonus interest (if you want to play it super safe) on the 8th of next month.


but you can set up a new one now. it can't be the same has to be a different 1. refer to the FAQ on their website

thanks @reddevil0728!

have set up a RPS buying Nikko AM SGD Investment Grd Corp Bd ETF - SGD - Ydis - Cash and also insurance CancerCare

will wait till my bonus interest is in before cancel the old ones

 

[reddevil0728]

thanks @reddevil0728!

have set up a RPS buying Nikko AM SGD Investment Grd Corp Bd ETF - SGD - Ydis - Cash and also insurance CancerCare

will wait till my bonus interest is in before cancel the old ones

insurance is slightly different.

insurance signing up this month count for next month.

etf is the same month

 

[Joseph99]

Hi all, my insurance category is showing 11/12 in Oct.. does this means that I have paid in Oct for Nov insurance and I can proceed to terminate the giro ? TIA !

 

[maumu]

Hi all, my insurance category is showing 11/12 in Oct.. does this means that I have paid in Oct for Nov insurance and I can proceed to terminate the giro ? TIA !

it means you paid the 11th instalment in Sep so this month you should have paid the 12th and last one.

step 1 - on 1 Nov, cancel the GIRO arrangement for the current insurance
step 2 - buy new insurance plan in the first week of Nov
step 3 - when the B&E summary shows 12/12 next month, cancel the old insurance with manulife

 

[chiokcc]

It is the time of the year again that I need to "re-set" my Investment category.

I have already gotten
ABF Singapore Bond Index
&
Nikko AM SGD Investment Grd Corp Bd ETF

Wonder which one of the 2 remaining I should be getting next? Any comments or ideas?

Nikko AM SGP STI ETF
or
Nikko AM StraitsTrading Asia ex Japan REIT ETF?