DBS changed its Mutiplier plan

[chiokcc]

what if it will never come back any more for the foreseeable future given the interest rate environment?

Cannot help, not enough cash .....

 

[reddevil0728]

Cannot help, not enough cash .....

Then is not about waiting liao

 

[chiokcc]

One idea come to me ... as my earmark for the previous 3% going to end in late April, I should have deposited another $100k into my Multiplier, earmark this amount for the 2.6%, ....

And when the 3% earmark ends, I transfer the earlier $100k out ... this way there is only an overlap of one month!

 

[chiokcc]

https://www.posb.com.sg/personal/posb-ssb-t7n-ttz-ini.page

https://www.posb.com.sg/iwov-resources/media/pdf/deposits/t7-casa-tnc.pdf

 

[reddevil0728]

One idea come to me ... as my earmark for the previous 3% going to end in late April, I should have deposited another $100k into my Multiplier, earmark this amount for the 2.6%, ....

And when the 3% earmark ends, I transfer the earlier $100k out ... this way there is only an overlap of one month!

But for the 1 month u got 100k not earning the multiplier bonus interest.

 

[chiokcc]

But for the 1 month u got 100k not earning the multiplier bonus interest

When need to choose, must balance and lose some lor .....

 

[reddevil0728]

When need to choose, must balance and lose some lor .....

so is not about waiting for 3% anymore? is about getting what you can?

 

[waterpighead]

mine checked.

Mine still not checked yet. This month extremely slow

 

[reddevil0728]

Mine still not checked yet. This month extremely slow

When did you buy your insurance?

 

[ericcsn]

When did you buy your insurance?

Is the eligible Insurance category qualifying for multiplier account interest only with Manulife products?

 

[a4973]

When did you buy your insurance?

My SavvyEndowment 19 start date is 27 Feb 2025. My previous SavvyEndowment 15 start date was 27 Feb 2024 and that got recognized on 18 March 2024. This new SavvyEndowment 19 was bought to replace the SavvyEndowment 15 so not sure why this is not recognized yet.

 

[a4973]

Mine still not checked yet. This month extremely slow

What is your insurance? Is this counter 1/12 ?

 

[reddevil0728]

Is the eligible Insurance category qualifying for multiplier account interest only with Manulife products?

I think it's easier and faster without having to wait for people to reply to check their website and look for it.

Here's a spoonfeed.

Multiplier recognises all Manulife Regular, Flexible and Single Premium insurance policies distributed by DBS/POSB. No minimum premium amount required.

https://www.dbs.com.sg/personal/dep...#:~:text=Insurance,-Multiplier recognises all

 

[reddevil0728]

My SavvyEndowment 19 start date is 27 Feb 2025. My previous SavvyEndowment 15 start date was 27 Feb 2024 and that got recognized on 18 March 2024. This new SavvyEndowment 19 was bought to replace the SavvyEndowment 15 so not sure why this is not recognized yet.

hmmmm maybe by end march don't have you check with them.

 

[ericcsn]

I think it's easier and faster without having to wait for people to reply to check their website and look for it.

Here's a spoonfeed.

Multiplier recognises all Manulife Regular, Flexible and Single Premium insurance policies distributed by DBS/POSB. No minimum premium amount required.

https://www.dbs.com.sg/personal/deposits/bank-earn/multiplier#:~:text=Insurance,-Multiplier recognises all

yes. i know this clause which is silent on non-manulife policies..

 

[waterpighead]

When did you buy your insurance?

I bought Savvy endowment 16 and 17 in Aug 2024 and Sep 2024 respectively. Not yet one year so rightfully should still be considered?

 

[reddevil0728]

yes. i know this clause which is silent on non-manulife policies..

Well they say it the way they say it for a reason right? If you want to explore others, you should get a black and white from DBS before proceeding.

I bought Savvy endowment 16 and 17 in Aug 2024 and Sep 2024 respectively. Not yet one year so rightfully should still be considered?

Yea

maybe wait till end March don’t have ask lor

 

[vsvs24]

There is probably some delay this month. My insurance 10/12 also not reflected yet.

 

[spikeling]

There is probably some delay this month. My insurance 10/12 also not reflected yet.

Me too. 8/12 not yet reflected.

 

[tesarise]

Me too. 8/12 not yet reflected.

Can confirm. Should be 9/12 this month but not showing up yet