DBS changed its Mutiplier plan

[Trazora]

BOC Smartsaver $60k, not $50k

Yes. And can get up to 3.55%. Quite clearly better than OCBC360

 

[pcmdan]

Maybank 60k ~2.99x%
Boc 60k 3.55%
uOB 50k 2.43%

Ocbc don't bother need insurance
SCB need insurance
DBS mutiplier, u need alot of AUM or spend

 

[yumyumz]

how much profit can u make in a year?
read somewhere from forums that the posb invest saver no doing well. not sure true or not

Lol suggest u go read up first.. Shiny things thread is a good place to start for sti etf

Sent from Xiaomi using GAGT

 

[sharinganez]

Maybank 60k ~2.99x%
Boc 60k 3.55%
uOB 50k 2.43%

Ocbc don't bother need insurance
SCB need insurance
DBS mutiplier, u need alot of AUM or spend

tks for the summary, thumbs up

 

[jayz89]

I got a very noob question, posb and dbs is same right?

 

[znltan]

I got a very noob question, posb and dbs is same right?

Yes. 10chars.

Sent from 瑞特斯波德 using GAGT

 

[Trazora]

I got a very noob question, posb and dbs is same right?

You can say so.

 

[jayz89]

Reason I asked is bcos ii am going to withdraw money, my acc is posb. But the dbs branch open till abit later so I will be going down to the dbs to withdraw. Shld be doable bah?

 

[Trazora]

Reason I asked is bcos ii am going to withdraw money, my acc is posb. But the dbs branch open till abit later so I will be going down to the dbs to withdraw. Shld be doable bah?

yes should be no problem

 

[Simplesthuman09]

If I currently I have posb/dbs cc, posb saving for my salary payout and insurance deducted, and would like to open dbs multiplier, will this be able to earn the interest for the new account (dbs multiplier)?

 

[vddgnd]

If I currently I have posb/dbs cc, posb saving for my salary payout and insurance deducted, and would like to open dbs multiplier, will this be able to earn the interest for the new account (dbs multiplier)?

For Insurance and Unit Trusts, only new purchases made after opening your Multiplier Account will be recognised.

 

[laurent_rio]

Hi,

I just sign DBS Multiplier account today but when i tried to check the View Bank & Earn Summary in internet banking, it always shown "This service is currently not available. Please try again later. (99104)"

Do i need to have salary transferred to that account first before i can see the summary ?

 

[Ginnylim07]

Weird tried to open but says this service is not available.

 

[item2sell]

Aiming for $88 lucky draw

 

[loftystew]

Hi,

I just sign DBS Multiplier account today but when i tried to check the View Bank & Earn Summary in internet banking, it always shown "This service is currently not available. Please try again later. (99104)"

Do i need to have salary transferred to that account first before i can see the summary ?

It will take some time for it to show.

 

[loftystew]

When will DBS/POSB start crediting interest to the account? End of month?

I did not receive any interest for the month of January. The 'Multiplier Account Summary' shows that no salary was credited to my account which isn't true. My salary was credited by my company to my POSB account with the code 'SAL'.

I created the multiplier account in the month of January, after my company credited my salary to my POSB account, is this the reason why it isn't being reflected in the 'Multiplier Account Summary'? I have to wait till the end of next month for the 'effect' to kick in?

 

[Charlie_Zhan]

I created the multiplier account in the month of January, after my company credited my salary to my POSB account,

ownself answer ownself.. there is no multiplier account to record your January salary in the first place, since you've only opened the account after your salary is credited.

base interest of 0.05% p.a. for the multiplier account is credited on the last day of the month. if you are eligible for additional preferential interest, it will be credited to your multiplier account by the 7th working day of the new month.

you will not be receiving any additional interest for January since the account is opened after the salary crediting. so it will only start in February.

so if your multiplier account have $50,000 inside daily from 1 Feb till 28 Feb and you have salary credited + eligible transactions in 2 or more categories with a combined cashflow value of $30,000 and above, your $50,000 balance in the multiplier account will be eligible for 3.5% p.a. interest for February. you will first see a interest credit of about $1.96 on 28 Feb (0.05% p.a.), then another interest credit of about $132.44 (3.45% p.a.) by 9 March 2018.

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[laurent_rio]

Hi,

If i want to buy RSP Plan in order to be counted in DBS Multiplier, should the cash debit from the DBS Multiplier account or another account in DBS also can ? I just dont want to touch the 50k balance in account

 

[Trazora]

Hi,

If i want to buy RSP Plan in order to be counted in DBS Multiplier, should the cash debit from the DBS Multiplier account or another account in DBS also can ? I just dont want to touch the 50k balance in account

can use funds from other DBS/POSB account

 

[laurent_rio]

can use funds from other DBS/POSB account

How about salary, can i also use another DBS Account or must be giro to Multiplier account ?