DBS changed its Mutiplier plan

koolkool

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Hi. If earmark release date is 7 May, can I do a casa at branch on 8 May to start new cycle, or have to wait for interest to come in first? TIA.
 

ThreeSteps

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Hi. If earmark release date is 7 May, can I do a casa at branch on 8 May to start new cycle, or have to wait for interest to come in first? TIA.
You can go branch on 08May to register new casa cycle. This is independent of the interest earned up to 07May which will be credited latest by 28May.
1.5% registration window#2 : 29Apr – 13 May, earmark release 28 July
 

CaptainWu

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How you guys getting this CASA Promotion and how it works? By invitation and must go to the branch for registration?
 

koolkool

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You can go branch on 08May to register new casa cycle. This is independent of the interest earned up to 07May which will be credited latest by 28May.
1.5% registration window#2 : 29Apr – 13 May, earmark release 28 July
Thanks. Got it!
 

CaptainWu

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Walked in and ask for CASA promotion. Usually members here.. stacked with the multiplier Acc.
So there is no T&C on how it works? Multiplier already getting higher interest so the additional interest is on top of it?
 

ahchan

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My cycle same as yours. Am going on the 8th

Mine is also earmarked till7-May.
But I just noticed that DBS has released it today (6-May) already.

So can I do another round of casa today (6-May)?
Or I have to wait till Friday 8-May ?
Because if I do it today, does it mean DBS will pay 2 times interest for 6-7 May....

Thanks.
 

~sabaisabai~

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Mine is also earmarked till7-May.
But I just noticed that DBS has released it today (6-May) already.

So can I do another round of casa today (6-May)?
Or I have to wait till Friday 8-May ?
Because if I do it today, does it mean DBS will pay 2 times interest for 6-7 May....

Thanks.
Same here, the earmarked fund has released yesterday, I probably swing by the bank later to check it out if can do placement today
 

ahchan

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Same here, the earmarked fund has released yesterday, I probably swing by the bank later to check it out if can do placement today
Do share if you are able to do so...

I guess should be possible...but not sure if their backend will have any issue as 2 days will be like "double" interest...
 

sglandscape

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Just done with new casa 1.5%. Branch manager confirmed it can be done. They recently changed the policy. Previously cannot
Confirm interest would not be forfeited? The previous round I did the tnc say the following leh:

The Earmarked Amount is strictly prohibited from being used or withdrawn prior to the conciusion of the Earmark Period. Should Customers choose to utilize or withdraw the Earmarked Amount for any reason before the expiry of the Earmark Period, such actions will be deemed as a withdrawal from the Promotion and all bonus interest accrued will be forfeited.
 
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