DBS changed its Mutiplier plan

[Shalom_555]

Means first month you'll lugi a bit, unless you already have housing loan with then. It's a good short term thing, but overall think they will eventually nerf it.

Yes, he said sweetener for joining Treas, seemed unlikely to continue and overall rate’s will decline

 

[Shalom_555]

Thanks bro.
I've casa 100k with them. Means can bring in another 100k? But why start only in Nov?
They still trying to assign RM to me

Started T mar today but cannot meet 3 cat in Oct cos insur only recognised from nov so only start promo rate in Nov.

 

[~sabaisabai~]

Started T mar today but cannot meet 3 cat in Oct cos insur only recognised from nov so only start promo rate in Nov.

But you can still get 2 cat?

 

[tehhalia]

Which cheapest insurance did you guys take up ? Can just cancel anytime after right ?

I ended up choosing protect first, after discount 4 dollar plus a month. No sure when start to count as category unlock though, maybe next month.

 

[reddevil0728]

I ended up choosing protect first, after discount 4 dollar plus a month. No sure when start to count as category unlock though, maybe next month.

refer to FAQ?

 

[Froggyman]

Yes, he said sweetener for joining Treas, seemed unlikely to continue and overall rate’s will decline

So those invitation without the mentioning of $200k in multiplier account will not get this benefit (sweetener) or is applicable to all invitation that was send out in Sep ?

 

[Shalom_555]

So those invitation without the mentioning of $200k in multiplier account will not get this benefit (sweetener) or is applicable to all invitation that was send out in Sep ?

I don’t know content of invite that u received. Seemed like there were different invites sent. Best to call DBS and ask

 

[Froggyman]

I don’t know content of invite that u received. Seemed like there were different invites sent. Best to call DBS and ask

Already called DBS .. but CSO is not sure about it. Have to wait for callback from the wealth management team .

 

[hotdrs]

The min $1 investment options seem to have disappeared, anyone still know of any?

 

[DevilPlate]

The min $1 investment options seem to have disappeared, anyone still know of any?

ever got $1?
I tot min $100 mthly recurring

 

[Listopad]

I ended up choosing protect first, after discount 4 dollar plus a month. No sure when start to count as category unlock though, maybe next month.

But that has age restriction…. so wondering any alternatives

 

[DevilPlate]

But that has age restriction…. so wondering any alternatives

Look at their 3-4yr endowments

 

[tehhalia]

From the FAQ, I understand that insurance and investment will be recognized for 12 consecutive months.

I bought protect first to unlock insurance. Would that mean near the 12th month (say the 11th month since insurance recognition starts 1 month after inception), I will need to sign up for another protect first to renew another 12 consecutive months of recognition? Then since the old protect first no longer recognized, I cancel it after it has been recognized for the 12th month?


Insurance I do RSP $100/month buying MBH shares. For the same purpose, since FAQ say same fund will not be recognized (unless after 6 months following full redemption), I could RSP into another one, say ES3, for another 12 months of recognition. And of coz, cancel my earlier MBH RSP after it has been recognized for the 12th month.

Is my understanding correct?

 

[Shalom_555]

The min $1 investment options seem to have disappeared, anyone still know of any?

My RM just told me this $1 investment lump sum option has been nerfed but can do RSP

 

[Shalom_555]

But that has age restriction…. so wondering any alternatives

Some kind soul here has earlier mentioned Manulife Goal 2025 III.

 

[Euqorab]

From the FAQ, I understand that insurance and investment will be recognized for 12 consecutive months.

I bought protect first to unlock insurance. Would that mean near the 12th month (say the 11th month since insurance recognition starts 1 month after inception), I will need to sign up for another protect first to renew another 12 consecutive months of recognition? Then since the old protect first no longer recognized, I cancel it after it has been recognized for the 12th month?


Insurance I do RSP $100/month buying MBH shares. For the same purpose, since FAQ say same fund will not be recognized (unless after 6 months following full redemption), I could RSP into another one, say ES3, for another 12 months of recognition. And of coz, cancel my earlier MBH RSP after it has been recognized for the 12th month.

Is my understanding correct?

Can’t say for insurance

but for investment, yes that’s the gist… please make sure you do full redemption…

One may ask, wouldn’t it defeat the purpose of rsp or dca concepts? Well, take the redeemed monies and buy lump sum direct, namely if you redeem ES3 from rsp, use the money buy ES3 lump sum… you pay comms (again), but that how one can stay vested yet get out to possible reset the investment basket criteria

 

[Euqorab]

Can’t say for insurance

but for investment, yes that’s the gist… please make sure you do full redemption…

One may ask, wouldn’t it defeat the purpose of rsp or dca concepts? Well, take the redeemed monies and buy lump sum direct, namely if you redeem ES3 from rsp, use the money buy ES3 lump sum… you pay comms (again), but that how one can stay vested yet get out to possible reset the investment basket criteria

By the way, please take note of the bonus issues…
For example ES3 is half yearly, please don’t don’t don’t redeem just before the bonus months… otherwise *puff* DBS thank you

 

[iadpotato]

My RM just told me this $1 investment lump sum option has been nerfed but can do RSP

sian sia.. been doing it for years

 

[iadpotato]

how to transfer from DBS to UOB no via FAST method now ar? Interface change in the portal till damm jialat now damm

i think can't liao... GG knn

 

[liquidlight]

Under RSP there are 4 funds (ABF Singapore Bond Index Fund, Nikko AM SGD Investment Grade Corporate Bond ETF, Nikko AM Singapore STI ETF or Nikko AM-StraitsTrading Asia ex Japan REIT ETF)

1st 12 mths Nikko AM Singapore STI ETF
redeem
2nd 12mth Nikko AM SGD Investment Grade Corporate Bond ETF
redeem
and repeat 1 and 2 above.

this works?