DBS changed its Mutiplier plan

[~sabaisabai~]

how does that 2.88 come from? I thought just 1.38+0.05 =1.43%



Read HWZ Forum Rules!

I also wonder how they get 2.88%
If 1.43%, yes nothing to shout about

 

[ericcsn]

I also wonder how they get 2.88%
If 1.43%, yes nothing to shout about

add prevailing 0.05% and casa 1.5%?

 

[ThreeSteps]

I also wonder how they get 2.88%
If 1.43%, yes nothing to shout about

Maybe, they thought that the 1.38% (invite version) can be stack with the 1.5% Branch Casa (walk-in) promo.

refer to this post for the Branch Casa:
https://forums.hardwarezone.com.sg/...utiplier-plan.5699929/page-558#post-158795506

 

[maumu]

I don't think can stack with the 1.5% casa...?

 

[init00]

no idea, went branch do casa to stack today and is crowded as always
nobody here kena the invite? mine was via app notification under deal

He already shared it can be stacked with CASA

 

[winningeleven]

are you looking to actually "investing" or just want to unlock?

if just want to unlock can just do the rsp into one of the bond etfs lor.

Do not invest just to simply unlock "higher" tier.
If you want to invest, do your own research and consider alternatives, not just from bank.

See below for the eligible investment items and identify their charges / fees before you jump in unprepared just to end up with a wounded head


Can be found on multiplier page at the very bottom under "FAQ & Eligible Transactions"
https://www.dbs.com.sg/personal/deposits/bank-earn/multiplier

Investments
Unit Trust Lump-sum Investment

• Valid for new Unit Trust lump-sum or Online Funds Investment purchased with cash, CPFIA or SRS after Multiplier Account is opened.
• The investment amount will be recognised post settlement date.

Find out more about Unit trust lump-sum investments here.
DBS Invest-Saver

• Valid for new DBS Invest-Saver plan for Exchange Traded Funds or Unit Trusts purchased after Multiplier Account is opened
• The monthly investment amount will be recognised for the first 12 consecutive months per fund

Find out more about DBS Invest-Saver here.
digiPortfolio
Valid for new digiPortfolio purchased after Multiplier Account is opened

• Minimum qualifying amount is S$1,000 per transaction for Lump Sum investments
• Recurring top ups (RSPs) from S$100 will be recognised for the first 12 consecutive months per portfolio as long as the RSP remains valid
• The investment amount will be recognised post settlement date

Find out more about digiPortfolio here.
Online Equities Trade

• Valid for "BUY" equity trades with cash, CPF or SRS via DBS Vickers Online Trading or DBS Online Equity Trading after Multiplier Account is opened.
• The investment amount will be recognised post settlement date.

Find out more about online equities trade here.
Bonds & Structured Products

• Valid for new Bonds & Structured Products purchased after Multiplier Account is opened
• Eligible products include Bonds (excludes Singapore Savings Bonds and Singapore Government Securities), Structured Deposit, Currency Linked Investments and Structured Notes.
• The investment amount will be recognised within 7 days from the transaction date.

Find out more about Bonds & Structured Products here.

Thank . I am not into investing and totally nuts about it. Only use spare money into Fixed deposit and use SRS fund to buy endowment plan . I guess I should just remain conservative on this .

 

[reddevil0728]

Thank . I am not into investing and totally nuts about it. Only use spare money into Fixed deposit and use SRS fund to buy endowment plan . I guess I should just remain conservative on this .

then just do minimum rsp. 100 a month. then sell upon credit of the units. minimise the "fees" you have to pay

 

[~sabaisabai~]

He already shared it can be stacked with CASA

Casa stack with multiplier 100k - yes. But if 1.38% on top of current casa, possible?

 

[itchying]

how does that 2.88 come from? I thought just 1.38+0.05 =1.43%



Read HWZ Forum Rules!

Hi not sure if can stack. I am saying even if can, only 2.88% which is comparable to ega. N its by invite only.

 

[maumu]

ega highest possible is 2.8% for current cycle (0.05% base + 1.75% bonus + 1% everyday+) for those with wealth holdings.

might be worth it to use for merry go round, but I'm skeptical that the 1.38% can stack with the 1.5% casa since the tnc (under 16) says "This Promotion is not to be used in conjection with any other ongoing Deposits promotions or offers, unless otherwise specified."

For "unless otherwise specified", the document only mentions (under 12c) that "bonus interest for Multiplier account for the first $50,000 or $100,000 would continue to be credited by the 7th working day of the next month".

so sounds to me like those of us who're already on CASA promotion (1.38%) will not be able to join until it has completed (for me is 2 June)... then again I would rather join the 1.5% casa promo if it's still gonna be the same rate then.

 

[ericcsn]

I have existing casa 1.5% till May. You mean 1.38% on top of my current casa 1.5% ?

casa is stackable. casa can be used for any current or saving account. you could sign a casa for say multiplier account and another separate casa on another current/ saving account.

But if you already have an existing casa on the one account, i dont think u can stack again on the same account (until the casa rewards agreement matures).

 

[~sabaisabai~]

Hi not sure if can stack. I am saying even if can, only 2.88% which is comparable to ega. N its by invite only.

I received the invite but i do not think is 1.38% is able to stack on existing 1.5% casa
Given the current market situation where interest rates are low, i doubt dbs is giving 2.88% on casa

 

[itchying]

I received the invite but i do not think is 1.38% is able to stack on existing 1.5% casa
Given the current market situation where interest rates are low, i doubt dbs is giving 2.88% on casa

Never knows can ask. Last time treasure promo also can stack casa.

 

[sglandscape]

I received the invite but i do not think is 1.38% is able to stack on existing 1.5% casa
Given the current market situation where interest rates are low, i doubt dbs is giving 2.88% on casa

Such things you ask they also would not tell you straight up. But history suggests yes you can and it is intended similar to the Treasures special invite.

 

[~sabaisabai~]

Such things you ask they also would not tell you straight up. But history suggests yes you can and it is intended similar to the Treasures special invite.

hmm you think so?

 

[demoforce1]

What is the email subject? Just want to make sure I haven't missed it, thank you!

 

[itchying]

What is the email subject? Just want to make sure I haven't missed it, thank you!

Received by app push notification.

 

[demoforce1]

Received by app push notification.

Wah, I may not notice it. Can we see it by opening the app?

 

[itchying]

Wah, I may not notice it. Can we see it by opening the app?

I think on top left there is bell icon to click n see the notification incl deals.

 

[demoforce1]

I think on top left there is bell icon to click n see the notification incl deals.

got it, so is this mean 1.38% for 100K-300K plus 1.38-1.5% CASA promo?