DBS changed its Mutiplier plan

[ahchan]

New to Multiplier.
May I check, for Multiplier, is it so that the Bonus Interest will be credited by 7th of the month or is it 7th working day of the month?

Because last month, the BI was in on the 7-Oct itself.

Thanks.

 

[alanchia67]

New to Multiplier.
May I check, for Multiplier, is it so that the Bonus Interest will be credited by 7th of the month or is it 7th working day of the month?

Because last month, the BI was in on the 7-Oct itself.

Thanks.

Preferential Interest is always on the 7th if it's a working day.

Taken from DBS website: "Interest will be credited in 2 parts: (i) base interest at our prevailing base interest rate calculated on daily balances will be credited at month end, and (ii) the remaining preferential interest, calculated as the nett of the higher interest rate and the prevailing base interest rate, based on the sum of your eligible transactions with us, by the 7th working day of the following month."

 

[ahchan]

Preferential Interest is always on the 7th if it's a working day.

Thanks.

So this would mean today?
Because so far, I dun see any interest coming in today yet...

 

[wenguang]

Learn to use the search function, or minimally click a few pages back? The forum don't have AI chat bot function.

https://forums.hardwarezone.com.sg/threads/dbs-changed-its-mutiplier-plan.5699929/post-157739343

i was assuming this post was referring to the last month casa promo cos last month promo registration is end on 3Nov

 

[alanchia67]

Thanks.

So this would mean today?
Because so far, I dun see any interest coming in today yet...

By end of today.

 

[maumu]

Thanks.

So this would mean today?
Because so far, I dun see any interest coming in today yet...

it'll be posted today but only appear in the banking app tomorrow.

assume you first month with Multiplier such that you don't know how it's credited.

 

[sglandscape]

i was assuming this post was referring to the last month casa promo cos last month promo registration is end on 3Nov

The earmark end dates are different for both, in fact the previous month one ends later than the current month one, based on what another member shared.

 

[ericcsn]

Interest is paid.

 

[korosensei]

For those that enrolled in the new to treasures promo, did u receive the 4.5% on 200K interest, or just the standard multiplier 4.1% on 100k?

 

[sglandscape]

For those that enrolled in the new to treasures promo, did u receive the 4.5% on 200K interest, or just the standard multiplier 4.1% on 100k?

Not invited, but recall they said it would be paid later but by end of the next month.

 

[Alex K]

For those that enrolled in the new to treasures promo, did u receive the 4.5% on 200K interest, or just the standard multiplier 4.1% on 100k?

Received on 7 Nov
Base interest 0.05% on 200k
Bonus Interest 4.05% on 100k

 

[Panerex]

For those that enrolled in the new to treasures promo, did u receive the 4.5% on 200K interest, or just the standard multiplier 4.1% on 100k?

I did not receive on the $200K, only received for the $100K.

wait till Monday?

 

[Shalom_555]

I did not receive on the $200K, only received for the $100K.

wait till Monday?

+1 only received base interest 0.05 for 200k and preferential rate interest for 100k. Did anyone received preferential rate for 200k?

 

[Devilsire]

For those that enrolled in the new to treasures promo, did u receive the 4.5% on 200K interest, or just the standard multiplier 4.1% on 100k?

I did not receive on the $200K, only received for the $100K.

wait till Monday?

+1 only received base interest 0.05 for 200k and preferential rate interest for 100k. Did anyone received preferential rate for 200k?

go read the attached tnc ba

 

[ahchan]

Would like to check if there is anyone open the multiplier account recently and participating in the promotion: "Open a Multiplier account and get up to 2.5% p.a. on your first S$100,000 from 1 Sep till 31 Dec 2025" ?

The Preferential Interest received on 7-Nov seems to be only for the 1st 50K... (assume Income + 1 categroy)

So I presume there should be another payout before end of Nov for the balance interest for the next 50K (Assume putting 100K in multiplier).
Anyone has experience in this? and any idea when will be the subsequent payout?

 

[deemon]

Would like to check if there is anyone open the multiplier account recently and participating in the promotion: "Open a Multiplier account and get up to 2.5% p.a. on your first S$100,000 from 1 Sep till 31 Dec 2025" ?

The Preferential Interest received on 7-Nov seems to be only for the 1st 50K... (assume Income + 1 categroy)

So I presume there should be another payout before end of Nov for the balance interest for the next 50K (Assume putting 100K in multiplier).
Anyone has experience in this? and any idea when will be the subsequent payout?

i just realised the income need to be giro according to the promotion. anyone got the 2.5% in the preferential interest having income as giro? mine was transferred in without giro. i didnt get it.

 

[sglandscape]

Would like to check if there is anyone open the multiplier account recently and participating in the promotion: "Open a Multiplier account and get up to 2.5% p.a. on your first S$100,000 from 1 Sep till 31 Dec 2025" ?

The Preferential Interest received on 7-Nov seems to be only for the 1st 50K... (assume Income + 1 categroy)

So I presume there should be another payout before end of Nov for the balance interest for the next 50K (Assume putting 100K in multiplier).
Anyone has experience in this? and any idea when will be the subsequent payout?

Should be by end of the month if you read the tnc?

 

[yiwei]

Would like to check if there is anyone open the multiplier account recently and participating in the promotion: "Open a Multiplier account and get up to 2.5% p.a. on your first S$100,000 from 1 Sep till 31 Dec 2025" ?

The Preferential Interest received on 7-Nov seems to be only for the 1st 50K... (assume Income + 1 categroy)

So I presume there should be another payout before end of Nov for the balance interest for the next 50K (Assume putting 100K in multiplier).
Anyone has experience in this? and any idea when will be the subsequent payout?

Quoted example from DBS website.
so the bonus should be credited at end of Nov for Oct


Jack has a total eligible transaction of S$4,000 monthly. As part of the promotion, he earns interest of 2.10% p.a. instead of 1.80% p.a. on his first S$100,000 savings in his Multiplier account.

The interest is credited to him in 3 parts:
Last calendar day	0.05% p.a. base interest on Multiplier Account’s SGD balance
7th working day of following month	1.75% p.a. bonus interest on the first S$50,000
By the end of following month	0.30% p.a. bonus interest on the first S$50,000 as well as 2.05% p.a. on the next S$50,000

 

[ahchan]

Quoted example from DBS website.
so the bonus should be credited at end of Nov for Oct


Jack has a total eligible transaction of S$4,000 monthly. As part of the promotion, he earns interest of 2.10% p.a. instead of 1.80% p.a. on his first S$100,000 savings in his Multiplier account.

The interest is credited to him in 3 parts:
Last calendar day	0.05% p.a. base interest on Multiplier Account’s SGD balance
7th working day of following month	1.75% p.a. bonus interest on the first S$50,000
By the end of following month	0.30% p.a. bonus interest on the first S$50,000 as well as 2.05% p.a. on the next S$50,000

Thanks for sharing the information.

The promotion is from Sep to Dec.
So is there anyone who have experience in this during October month?
I mean anyone has gotten the 3rd part of the Interest in October (for the month of Sep)? If yes, when was it being distributed？

 

[devion]

Received SMS from bank offering 6 mths fixed deposit at 4.68%, not yet call back to CSO to find out more.