DBS changed its Mutiplier plan

[ABuNeNe]

U sure you have 50k everyday at the end of day in the month of oct?

Would say at least 90% for the month of oct

 

[ABuNeNe]

is your Bank & Earn Summary showing 1.8% for Oct?
and your Oct daily balance is 50k?

Yup, see my updated post

 

[reddevil0728]

Would say at least 90% for the month of oct

Interest is compounded daily.

u cannot wait till the last day of the month and put in 1,550,000 (50k x 31) and expect the full interest.

if got 1 day is $0, then u essentially get no interest for that day

 

[Squaredot]

Would say at least 90% for the month of oct

If your account has 50k 27 days out of 31 days in Oct, I would say the interest credited is not right
U check your Oct statement and calculate the daily interest then sum up all the daily interest for 31 days. See if it tallies with interest credited to u.

 

[vsvs24]

Would say at least 90% for the month of oct

Is your investment using DBS Vickers cash upfront and you submit bid after market close for next day ?

 

[reddevil0728]

Is your investment using DBS Vickers cash upfront and you submit bid after market close for next day ?

doesn't matter. poster removed screenshot which shows 1.8%

 

[havetheveryfun]

Would say at least 90% for the month of oct

what is the exact date u trnsfer in 50k.. n whehteru got withdraw n put in back again on some days

 

[OnePunchMan]

what is the exact date u trnsfer in 50k.. n whehteru got withdraw n put in back again on some days

i bet he also use cash upfront for vickers and didn't realize that will affect it

 

[a4973]

i bet he also use cash upfront for vickers and didn't realize that will affect it

Hello can please elaborate on this? Many thanks

 

[reddevil0728]

Hello can please elaborate on this? Many thanks

Interest is based on available balance and not total balance.

If you did a trade with vickers, while pending settlement, the total balance will still show u have the money, but the available balance will be lower

 

[OnePunchMan]

Hello can please elaborate on this? Many thanks

When you do cash upfront, your $$ is moved from your multiplier into Vickers while waiting for the trade, therefore it may affect your average.

i.e. I setup have 10k in multiplier and create an cash upfront order in vickers with value of 10k for the following day. your multiplier will move 10k to vickers and park in there and your day average for multiplier will be $0.

 

[a4973]

Interest is based on available balance and not total balance.

If you did a trade with vickers, while pending settlement, the total balance will still show u have the money, but the available balance will be lower

Ah I see that is if the trade funds are from the multiplier account. The best is the multiplier account funds remain static to lock in max interest. Thanks.

 

[reddevil0728]

Ah I see that is if the trade funds are from the multiplier account. The best is the multiplier account funds remain static to lock in max interest. Thanks.

Yep........... actually don’t have to be static la.

Just make sure by the end of the day it is at 50k

 

[OnePunchMan]

Ah I see that is if the trade funds are from the multiplier account. The best is the multiplier account funds remain static to lock in max interest. Thanks.

yes. if you are trading, its best you transfer extra into multiplier for the trade. its very fast using *FAST*

Punt intended 100%

 

[Jazzbie]

Hi folks, need some advice for the termination and renewal of insurance part for Multiplier bonus interest.

My Cancercare reached its one year last month. I emailed Manulife last weekend to terminate it but yet to receive any acknowledgement from them. Just chased them again.

In the meantime, can I just terminate the GIRO arrangement with them via online banking to ensure that it won't get deducted?

I am also looking to subscribe for a new Cancercare plan with the discount code by 15 Nov. Will the new plan get a separate GIRO arrangement so that my above GIRO termination would not affect it, since the bill reference should be different?

Thanks!

 

[reddevil0728]

Hi folks, need some advice for the termination and renewal of insurance part for Multiplier bonus interest.

My Cancercare reached its one year last month. I emailed Manulife last weekend to terminate it but yet to receive any acknowledgement from them. Just chased them again.

In the meantime, can I just terminate the GIRO arrangement with them via online banking to ensure that it won't get deducted?

I am also looking to subscribe for a new Cancercare plan with the discount code by 15 Nov. Will the new plan get a separate GIRO arrangement so that my above GIRO termination would not affect it, since the bill reference should be different?

Thanks!

Yep should be the case. Confirm with dbs

 

[MilesTeh]

Yep........... actually don’t have to be static la.

Just make sure by the end of the day it is at 50k

If the cash upfront buy order is not filled by trading hours, will dbs vickers release or return the cash "on-hold" back to multiplier by the end of the day, so that money is considered for the day's interest?

 

[reddevil0728]

If the cash upfront buy order is not filled by trading hours, will dbs vickers release or return the cash "on-hold" back to multiplier by the end of the day, so that money is considered for the day's interest?

Yes. That should be the case.

 

[MilesTeh]

Yes. That should be the case.

Icic, so it's better to place the cash upfront buy order after midnight, so as not to lose the day's interest.

 

[iduncheckmail]

IIRC on hold amt is still considered as part of daily balance