DBS changed its Mutiplier plan

maumu

Arch-Supremacy Member
Joined
Jun 22, 2000
Messages
11,912
Reaction score
2,830
Bro would like to check in with you on the status... in the end did it get recognised in the month? Thanks
it'll only be recognised if either
- you invest at least $1,000, or
- you start RSP deduction monthly with at least $100 in the same month

I initially invest only $100 and started the RSP the following month - which was why it wasn't clocked. I had since deducted RSP on the same month (so total $200 that month) and it was clocked for multipler.
 

marshmallow96

Senior Member
Joined
Apr 11, 2021
Messages
1,713
Reaction score
1,529
it'll only be recognised if either
- you invest at least $1,000, or
- you start RSP deduction monthly with at least $100 in the same month

I initially invest only $100 and started the RSP the following month - which was why it wasn't clocked. I had since deducted RSP on the same month (so total $200 that month) and it was clocked for multipler.
I see... thanks for your reply
 

Nanonited

Master Member
Joined
Apr 9, 2004
Messages
3,311
Reaction score
610
Anybody’s insurance category not showing up yet?

i should be on my 4th instalment but not reflected yet, last mth was 3
 

sglandscape

Supremacy Member
Joined
Jan 30, 2023
Messages
6,203
Reaction score
2,985
I bought insurance 30 Jul but till today still not showing up the bonus rate
May want to call them up to clarify, sometimes you buy on 30 Jul maybe the insurance policy not in force yet, regardless, ask them to check first. If don't get the bonus interest can at least have that as basis to ask them to make good.
 

sglandscape

Supremacy Member
Joined
Jan 30, 2023
Messages
6,203
Reaction score
2,985
Actually the FAQ says insurance recognized on 23rd of the month
Sneaky! This was what the FAQ used to say, seems like they changed it recently.

When and how long will my policy be recognised as an eligible transaction?

The inclusion of the monthly premium amount as an eligible transaction will start on the 16th of the following month after the policy inception date and continues every 16th of the month for 12 consecutive months as long as the policy is in force.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top