DBS changed its Mutiplier plan

[Squaredot]

Top-up bonus due monthly, end of May, is in.

https://www.dbs.com.sg/iwov-resources/media/pdf/deposits/promotions/multiplier-multiply-more-tnc.pdf (edited)

Topup bonus interest for June is credited.

 

[rubber33]

I'm doing day trading only. On good day, just for 1 day like yesterday, I can achieve 35% gain on my principal. No need bull run if you do it both ways. Just observe and follow the market flow. But the risk is very very high. That's why only spare money goes there. And that's why I'm a great risk taker now you know I'm not sure how good treasures is. In fact I receive invitation this month saying something like 5% on my excess funds since I didn't entertain when the RM called me I tell him I'm not interested. I didn't read much into the info.

are the trading charges high? I use vickers cash upfront also need like 30 sgd per transaction.

 

[Devilsire]

Topup bonus interest for June is credited.

now just left the 2 stacked CASA for me

Got it

just for future reference:
CASA 1.5% Release 23 Jun Bonus by 31 Jul
CASA 1.5% Release 14 Jul Bonus by 28 Aug
Multiplier 4.1% (up to 100k) by 7th Monthly
MultiplyMore (Next 100-300k, till 30Jun) 0.05% by MonthEnd, 1.38% by following MonthEnd

multiplier suddenly have special promo invite, 0.05+1.38% for multiples of 10k above 100k, till 30 June.

CASA window now still at 1.5%?



Total net EIR 2.6%,
tml gonna head to branch

 

[nobody1968]

you have 30k wroth to withdraw monthly?

Can just apply and after that redeem, for those who have not hit the $200k SSB ceiling. But will lose about a week's interest on the SSB u apply and redeem.

 

[Wingst]

now just left the 2 stacked CASA for me

Topupbonus the one above 100k at 1.38%, and the online CASA promotion can stack? I didn't dare to register the CASA promo yet as it says can't be combined with other promo

 

[Wingst]

Wow, I just checked, now they extend last entry age to 75! So seniors can now buy online, no need to go to the branch!

Anyone found anything for above 75 years old? I believe don't have correct

 

[reddevil0728]

Can just apply and after that redeem, for those who have not hit the $200k SSB ceiling. But will lose about a week's interest on the SSB u apply and redeem.

Got easier way lol

 

[royalmix]

coded as DIV if I remember correctly.

30k is actually not too difficult to achieve if you do trial and error

you have 30k wroth to withdraw monthly?

Got easier way lol

If you don't want to share then don't bring it up, don't derail the thread!

 

[reddevil0728]

If you don't want to share then don't bring it up, don't derail the thread!

Report me it’s ok.

 

[royalmix]

Anyone found anything for above 75 years old? I believe don't have correct

They changed both endowments to 75 years. If at 75 this year, still can, otherwise can forget about this cat.

I am only looking at what is "worth" for 2-3 years. Beyond that, you can ask DBS customer service.

 

[qrcode]

if I managed to upgrade the tier on 25th of the month, will the new interest only start effective on 25th or will be back to 1st of the month?


Read HWZ Forum Rules!

 

[arthur64]

Can just apply and after that redeem, for those who have not hit the $200k SSB ceiling. But will lose about a week's interest on the SSB u apply and redeem.

Thanks for the sharing

 

[arthur64]

Got easier way lol

What other way if you don't mind sharing

 

[yiwei]

if I managed to upgrade the tier on 25th of the month, will the new interest only start effective on 25th or will be back to 1st of the month?


Read HWZ Forum Rules!

1st of the month, and note the multiplier will calculate bonus interest daily, so you MUST have 100k inside every day to get the full interest. It's ok to hit the higher tier later in the month but the money must be there from the first of the month.

What other way if you don't mind sharing

A lot of easy ways to generate salary/div transfers to the account....

 

[nobody1968]

Any advice on how to qualify for special multiplier invite for topup?
Can stack this with CASA?

 

[rubber33]

Report me it’s ok.

if the interested party dig deep enough he will find out. can't possibly spoon feed everyone.
Also later too many people do the same thing will Pek ji lobang. haha.
for me I also managed to find after digging the thread.

 

[koolkool]

For those doing CASA at branch, you can bring along your POSB ATM card. The new process will show you the T&C on the LCD screen, ask you to key in the pin to approve. ATM card need not be tied to the multiplier account. The person doing the CASA at the branch looked at my account and just say, "multiplier XXX amount?" I smiled and nodded. Seemed like a lot are doing this. I wonder why DBS is not stopping it since they are paying an interest rate that far exceed normal interest rate for multiplier with CASA included. But I am not complaining. I hope it last as long as possible but I know good things in banking just don't last forever...

 

[royalmix]

For those doing CASA at branch, you can bring along your POSB ATM card. The new process will show you the T&C on the LCD screen, ask you to key in the pin to approve. ATM card need not be tied to the multiplier account. The person doing the CASA at the branch looked at my account and just say, "multiplier XXX amount?" I smiled and nodded. Seemed like a lot are doing this. I wonder why DBS is not stopping it since they are paying an interest rate that far exceed normal interest rate for multiplier with CASA included. But I am not complaining. I hope it last as long as possible but I know good things in banking just don't last forever...

We will all blame you if it stops since you are telling the bank rep to stop it!

I have been enjoying it for more than 2 years! HSBC ega ended in 4-5 years? haha

(By the way, if no ATM card, can just sign on the tablet!)

 

[CaptainWu]

I wonder why DBS is not stopping it since they are paying an interest rate that far exceed normal interest rate for multiplier with CASA included. But I am not complaining. I hope it last as long as possible but I know good things in banking just don't last forever...

One interest rate is for Multiplier then CASA is for locking the fund for a period. In fact UOB do the same with separate interest rate for the UOB account and Stack Up interest. Don't worry for DBS as you can see their NIM still okay as compare to other banks meaning what they are paying justified them to push for more saving to come in.

 

[shengliang1981]

Anyone knows if sign up for Term Protect/ProtectFirst in early August (e.g.: first week), will the insurance category for multiplier be counted from August or September? Thank you.