DBS changed its Mutiplier plan

[reddevil0728]

I guess he isn't treasures so he can see it. My RM after 1+hr of back and forth with me and checking finally confirmed and told me treasures don't have access to dbs invest saver. And just ask me to buy other UT

Anyway typical of that person.

very strange way of argument

 

[yiron]

You cannot find so you make such ridiculous assumptions?

I have no time to read, but standing/waiting for mrt, I see big advertisements by DBS, I also know!



Read the instructions and follow step by step!
https://www.dbs.com.sg/personal/investments/other-investments/invest-saver

And u are assuming I haven't followed those steps and arrived at the conclusion that it was not available for Treasures? And u are assuming I haven't spoken to Treasures RM who confirmed with me on this design issue?

 

[yiron]

The reason why some people go for a recurring $100/mth Invest solution is to unlock the Invest category automatically every month, peace of mind.
Better not to mix up with how much we invest in stocks and the frequency we trade stocks.

Yup RSP may not be the cheapest but it's convenient, just need to do once every 12 months.

 

[LexusIS]

Oh previously can toggle between treasures and non-treasures web interface, so i was able to do invest saver.
But i just tried too, seems like with the new web interface they have removed the option for switching to non-treasure interface.

Still can do investment RSP of $100 per month but it will only allow deduction from treasures wealth portfolio account, a super irritating separate account.

 

[CaptainWu]

Instead of waste more of my time over this matter, I look under digiPortfolio menu & select SaveUp Portfolio (initial lump sum $100 plus recurring mthly $100), currently waiting for setup to be completed (a few biz days) & hope the amt will soon appear under Multiplier tracker. There are other digiPortfolios to choose from, I think all of them can unlock the Invest category.

Just read that and this Portfolio with no sales charge? So the net payment is the 0.25% management fee on top of the fund's management fee?

 

[ThreeSteps]

Just read that and this Portfolio with no sales charge? So the net payment is the 0.25% management fee on top of the fund's management fee?

The recent deducted $100 from bank a/c (SaveUp Portfolio 1/12) has shown up in Multiplier tracker, but the actual investment trx is 'in progress' - may need a few more days for the trx advice to be generated. DYODD.

Maybe someone else who already have this SaveUp can answer your questions.

 

[ThreeSteps]

Just read that and this Portfolio with no sales charge? So the net payment is the 0.25% management fee on top of the fund's management fee?

An update :
A few days after the first mthly $100 deduction (digiPortfolio - SaveUp Portfolio), it show up in Multiplier tracker & later the actual investment details were updated online but there is no separate trx advice generated & no mention of fees deducted.

Then, found & read this digiPortfolio FAQ that fees are charged yearly rather than mthly : https://www.dbs.com.sg/ibanking/pdf/faq-retail.pdf
“When will fees be debited from my account?
Management fees are debited once a year. No action is required from you as the fee will be deducted from your digiPortfolio cash balance. If your cash balance is insufficient, we will increase it to the required amount by reducing the proportion of Unit Trust / ETF that you hold at prevailing prices.
If you close your portfolio, the applicable fees will be debited prior to closure.”


Regarding fees, I will assume that the info in the online brochure & FAQ are correct.

 

[Danger21]

hi for insurance portion i read from the T&C that yearly payment for protect first is considered. am i right that the contribution will be the yearly premium / 12 ??

 

[arthur64]

Anyone knows what's the new registration window and CASA rate?

 

[bumdssa]

Can I check if anyone knows when the insurance premium will be charged? Mine says next premium due date 5 march but it hasn't been deducted yet.

 

[sglandscape]

Can I check if anyone knows when the insurance premium will be charged? Mine says next premium due date 5 march but it hasn't been deducted yet.

Maybe call them to ask?

 

[bumdssa]

Maybe call them to ask?

Wanna check if any one knows here first. haha.

 

[reddevil0728]

Wanna check if any one knows here first. haha.

as you have said. 5 march lor.

 

[maumu]

Those who joined the CASA promotion in January.. the earmarked amount released today le.

But we can't renew until after 19 March (tomorrow) correct? It's supposed to be released tomorrow.

 

[Nanonited]

Those who joined the CASA promotion in January.. the earmarked amount released today le.

But we can't renew until after 19 March (tomorrow) correct? It's supposed to be released tomorrow.

Think so… means only can go on 20th March Friday?

 

[RedsYWNA]

Those who joined the CASA promotion in January.. the earmarked amount released today le.

But we can't renew until after 19 March (tomorrow) correct? It's supposed to be released tomorrow.

I tihnk it's released liao. I can see the amount in my DBS Multiplier, but not sure what's the CASA rate now

 

[rest1ess]

I tihnk it's released liao. I can see the amount in my DBS Multiplier, but not sure what's the CASA rate now

1.38%

 

[ThreeSteps]

Those who joined the CASA promotion in January.. the earmarked amount released today le.

But we can't renew until after 19 March (tomorrow) correct? It's supposed to be released tomorrow.

Some banks have 2 different dates : Earmark Release date & End date of interest-earning period.

But in the recent months, DBS seems to practise only 1 common date, i.e. Earmark Release date = End date of interest-earning period.

If the new interest-earning period do not overlap with the old period, it is ok.

note: check the old casa form for the details.

 

[maumu]

1.38%

any idea when it's valid until? 31 March?

am wondering if should just wait for the next cycle (1 April, if still continuing) to maximise the interest-earning period, instead of joining halfway.

I thought the last round was higher than 1.38%... hmm

 

[sglandscape]

any idea when it's valid until? 31 March?

am wondering if should just wait for the next cycle (1 April, if still continuing) to maximise the interest-earning period, instead of joining halfway.

I thought the last round was higher than 1.38%... hmm

The foreign banks have been raising their FD rates, in your shoes would wait till next month so can have a longer period to earn interest and hope that they increase the rate.