DBS changed its Mutiplier plan

[sglandscape]

Is it worth it to purposely fulfill the investment or insurance bonus criteria if I have less than $30k in DBS multiplier?

30k at 4.1%, each month is about 100 bucks. Investment and insurance costs a few dollars to fulfill, so net net should be still worth it. Of course best to max it out to 100k.

 

[iadpotato]

Technically it might not confirm chop even if doing it for years.

cause rules can change and we might not notice.

that being said, whether right to just change rules without being informed is another matter

i can confirm chop and 10000000000000% guarantee will be in.

Why? coz the premium amount divided by 12 and posted every month. already posted for 10 months out of the 12, how can the 11 and 12 one not be confirmed?

 

[DevilPlate]

Is it worth it to purposely fulfill the investment or insurance bonus criteria if I have less than $30k in DBS multiplier?

Not worth imo unless u genuinely interested in getting the insurance/investment

 

[DevilPlate]

30k at 4.1%, each month is about 100 bucks. Investment and insurance costs a few dollars to fulfill, so net net should be still worth it. Of course best to max it out to 100k.

I think shd compare the delta instead.
*Unless 30k can magically in out and achieve 4.1%?

 

[reddevil0728]

i can confirm chop and 10000000000000% guarantee will be in.

Why? coz the premium amount divided by 12 and posted every month. already posted for 10 months out of the 12, how can the 11 and 12 one not be confirmed?

Even DBS cannot guarantee their system wouldn’t screw up.

 

[DevilPlate]

Even DBS cannot guarantee their system wouldn’t screw up.

Ok lah

Only Death is Guaranteed Full Stop

 

[maumu]

Is it worth it to purposely fulfill the investment or insurance bonus criteria if I have less than $30k in DBS multiplier?

personally i won't waste the time and take on additional burden of invest/insure if I can't meet 30k transactions monthly.

go big, or go home.

 

[reddevil0728]

personally i won't waste the time and take on additional burden of invest/insure if I can't meet 30k transactions monthly.

go big, or go home.

I think user referring to account value

 

[ashethen]

personally i won't waste the time and take on additional burden of invest/insure if I can't meet 30k transactions monthly.

go big, or go home.

Mmmm... 30k account value on lowest tier on transaction amount, can earn about $80 more per year if I do $100 RSP on MBH (50 cents in fees every month).
Might consider it...

 

[maumu]

by the way... those who're on CASA promo in June, do sound out if you've received the interest which is due by the end of this month... terima kasih

 

[DevilPlate]

Mmmm... 30k account value on lowest tier on transaction amount, can earn about $80 more per year if I do $100 RSP on MBH (50 cents in fees every month).
Might consider it...

Consider their RSP digi saveup port 0.25% fees

 

[ashethen]

Consider their RSP digi saveup port 0.25% fees

I saw there's also fund management fees 0.35% right?
0.25% is digiportfolio platform fee?

 

[DevilPlate]

I saw there's also fund management fees 0.35% right?
0.25% is digiportfolio platform fee?

I think DBS charged 0.25% mgmt fees on top of the funds (within the portfolio) expense ratio

 

[fr33d0m]

For 30k, I would do POSB Cashback instead and put the 30k somewhere else.

 

[iadpotato]

Even DBS cannot guarantee their system wouldn’t screw up.

So if their system screw up and didn’t give us for 1 out of the 12 months. How you think people will react?

 

[ashethen]

For 30k, I would do POSB Cashback instead and put the 30k somewhere else.

i dont see anywhere else better to put already... singlife account cut, maribank cut....
wanted to put POSB SAYE, but my salary not GIRO.

luckily last year i put 30k into SSB at 3% +

 

[sglandscape]

For 30k, I would do POSB Cashback instead and put the 30k somewhere else.

This is a devil's bargain, what appears to be a good deal may turn out not to be.

 

[reddevil0728]

So if their system screw up and didn’t give us for 1 out of the 12 months. How you think people will react?

it might not show up because of screw up, doesn't mean they are not obligated to pay it.

i dont see anywhere else better to put already... singlife account cut, maribank cut....
wanted to put POSB SAYE, but my salary not GIRO.

luckily last year i put 30k into SSB at 3% +

time to consider long term investment if you age profile makes sense

 

[ashethen]

it might not show up because of screw up, doesn't mean they are not obligated to pay it.

time to consider long term investment if you age profile makes sense

i already am investing a huge majority of my salary in the US market every month

 

[yiron]

woohoo, ok guys i give u all a data point

i renewed 17 aug, immediately there was a deduction

just today 16 sep this amount was registered on bank and earn (1/12)

but, i still havent got any deduction for this month yet though

Insurance as a category is recognised on a 1-month lag basis i.e., the Sep fulfilment of (1/12) is based on your Aug premium payment.