DBS changed its Mutiplier plan

[Nanonited]

Why dangerous

Because there is a chance signing up for the new promo voids the old promo tnc as i am simulataneously registered for 2 promo?

 

[reddevil0728]

Because there is a chance signing up for the new promo voids the old promo tnc as i am simulataneously registered for 2 promo?

Hmm. But it might be they wouldn’t even allow?

 

[~sabaisabai~]

Because there is a chance signing up for the new promo voids the old promo tnc as i am simulataneously registered for 2 promo?

If you have time just go down to the branch to check it out

 

[sglandscape]

I'll wait for 1 Sep... to lock for full 3 months, albeit the rate will likely drop further. Quite tired of running to the bank every other month.

Hopefully it'll still continue lah. and don't drop drastically...

The best was when they did lock in for 6 months, don't have to go down so often.

 

[Johnringo]

hello - any idea what is the latest casa rate?

 

[sglandscape]

hello - any idea what is the latest casa rate?

4 months at 1.58% as of today, tnc posted in the other thread too.

 

[Jirachi]

I think DBS needs to cut their multiplier account interest soon.

 

[Jirachi]

This time, it will not work!

DBS just increased interest rates for new accounts!

https://www.dbs.com.sg/personal/promotion/new-to-multiplier

Ya, it's not about the promotional but the long term rates.

 

[reddevil0728]

I think DBS needs to cut their multiplier account interest soon.

Tbh, previously when they raise to headline of 4.1% it’s not as high as others. And their hoops also not the most straight forward.

so I think they can actually afford to drag it out longer and even if cut may also not cut as drastic as others given they don’t have that big of a headroom as others to do so

 

[Jirachi]

so I think they can actually afford to drag it out longer and even if cut may also not cut as drastic as others given they don’t have that big of a headroom as others to do so

Yup. But I am not expecting them to cut as drastically as OCBC or UOB. Just probably another 50bps up to 1pp to keep their top line earnings ahead of the other 2 banks.

Currently, DBS loans to deposits are still maintaining the same level. But the problem comes when deposit rates remained high when loan rates are dropping.

 

[Jirachi]

You should keep yourself updated on their business strategy before you make any comments, even if you dun have multiplier!

I need to have Multiplier and I am using it. But I have equally as large of a DBS share holdings.

 

[Jirachi]

Anyway, not here to argue or anything. I may be biased to want the best of both worlds. Good interest in multiplier but better performance for the DBS stock.

 

[DevilPlate]

Yup. But I am not expecting them to cut as drastically as OCBC or UOB. Just probably another 50bps up to 1pp to keep their top line earnings ahead of the other 2 banks.

Currently, DBS loans to deposits are still maintaining the same level. But the problem comes when deposit rates remained high when loan rates are dropping.

Don’t worry only a few savvy ones here knows how to optimise/game/milk multiplier acct.
in order to max need to clock >30k income every mth……how? (Im sure enlightened ones know how)

I still not sure how to clock consistent indirect income (any amt js to clock 1.8%)
And only goto know yday that Casa is stackable

 

[Nanonited]

Anyway, not here to argue or anything. I may be biased to want the best of both worlds. Good interest in multiplier but better performance for the DBS stock.

Wow.. you must be very rich from DBS stock

 

[Johnringo]

hi - my first time doing casa in Jun.

I noticed that my multiplier had like $2 interest credited to me only for the last few months and I am assuming that this is because the 100k is locked up, is it right that now that the CASA is over and the 100k has come back, I will get the total multiplier + casa interest together for Jun/Jul/Aug coming in together? Will it be happening on the 7th of sept? Or when will it come?

 

[Nanonited]

hi - my first time doing casa in Jun.

I noticed that my multiplier had like $2 interest credited to me only for the last few months and I am assuming that this is because the 100k is locked up, is it right that now that the CASA is over and the 100k has come back, I will get the total multiplier + casa interest together for Jun/Jul/Aug coming in together? Will it be happening on the 7th of sept? Or when will it come?

Ehhh did you satisfy the multiplier criterias? The multiplier interest is credited every month

 

[reddevil0728]

hi - my first time doing casa in Jun.

I noticed that my multiplier had like $2 interest credited to me only for the last few months and I am assuming that this is because the 100k is locked up, is it right that now that the CASA is over and the 100k has come back, I will get the total multiplier + casa interest together for Jun/Jul/Aug coming in together? Will it be happening on the 7th of sept? Or when will it come?

Seems like you didn’t stratify the criteria.

 

[reddevil0728]

?? OMG - it's showing 4.1% on my first 100k last month....but i don't get any interest on the 100k. i have like 3k in my multiplier which is not lock and i seem to only get interest for the 3kl...have to call in to dispute?

Chill first.

bonus interest will be dated 7th of the following month and only visible on 8th. Base interest will still be credited last day of month and visible the first day of following month

if you are saying for Aug u see 4.1% on the dashboard then you just wait.

but then your Jun and July one seems like you never satisfy criteria?

can you check previous dashboard?

 

[pteng]

You may consider current casa which is 1.68%, ending 31 Aug. Next month cfm trending down and not sure if there's promo for casa

how to apply for CASA? can't seem to do this with DBS online banking

 

[~sabaisabai~]

how to apply for CASA? can't seem to do this with DBS online banking

need to go to the bank to apply
it is a branch promo