DBS changed its Mutiplier plan

[yiron]

7th day yesterday so interest arrived today.

Nice number: $333.

not sure why this number though since IIRC it should be:

$100k*30/365*(4.1-0.05)/100 = $332.88 (where 0.05 is the prevailing interest rate)

Did DBS quietly raise the max amount to $200K to cater to new Treasures customers and which we existing can also benefit (hence this difference since my amount in the account ia always very slightly more)?

I would like to do a further check.

I think the slightly higher amount is due to the daily accrual rounding.

Each day's bonus interest is $100000 / 365 * (4.1-0.05) / 100 = $11.09589 which DBS rounds to $11.10.
This works out to $333 for 30 days month, $344.10 for 31 days month, $310.80 for 28 days month.

 

[ericcsn]

I think the slightly higher amount is due to the daily accrual rounding.

Each day's bonus interest is $100000 / 365 * (4.1-0.05) / 100 = $11.09589 which DBS rounds to $11.10.
This works out to $333 for 30 days month, $344.10 for 31 days month, $310.80 for 28 days month.

since you are also getting $333, then it means that this is interest for $100K and the calculated value is very likely per what you shown (For sure all banks round their numbers when come to computing daily interests - and to 2 decimal places are what i have found too; eg. in ocbc case they round them down). thanks!

 

[chiokcc]

Don’t wait, interest loss each day if delay. I registered on 04Oct after my July Casa ended on 03Oct.

DBS 1.38% p.a. 4 months CASA promotion - promo period : 01Oct – 03Nov 2025 (at Branch)
Interest Calculation Period & Earmark Period : from registration date to 30Jan2026
Illustration(1) for $100k - 04Oct2025 to 30Jan2026 (119 days) bonus interest = $449.92
Illustration(2) for $100k - 16Oct2025 to 30Jan2026 (107 days) bonus interest = $404.55
Bonus interest will be credited by 28Feb2026

Can I still register for this if I had done the 1.48%pa online?

 

[ThreeSteps]

Can I still register for this if I had done the 1.48%pa online?

DBS 1.38% p.a. 4 months CASA promotion - promo period : 01Oct – 03Nov 2025 (at Branch)
“For customers with multiple accounts, only one registration per account is allowed for this promotion”

If your question is regarding whether the same amount in an account can be earmarked twice for 2 different promos which both require earmarking, you need to clarify with the bank.

 

[chiokcc]

DBS 1.38% p.a. 4 months CASA promotion - promo period : 01Oct – 03Nov 2025 (at Branch)
“For customers with multiple accounts, only one registration per account is allowed for this promotion”

If your question is regarding whether the same amount in an account can be earmarked twice for 2 different promos which both require earmarking, you need to clarify with the bank.

Thanks .... seems risky, probably don't try .....

 

[Squaredot]

7th day yesterday so interest arrived today.

Nice number: $333.

not sure why this number though since IIRC it should be:

$100k*30/365*(4.1-0.05)/100 = $332.88 (where 0.05 is the prevailing interest rate)

Did DBS quietly raise the max amount to $200K to cater to new Treasures customers and which we existing can also benefit (hence this difference since my amount in the account ia always very slightly more)?

I would like to do a further check.

hmmm, it has been $333 for 30days.

@yiron calculation is correct.
Preferential interest
100k*4.05%/365=11.10 (rd up)*30d =333
Base interest 0.05% also same,
100k*0.05%/365= 0.14 (rd up)*30d =4.20

Yes u right, some bank truncate it to 2dp, don't round up.

 

[royalmix]

7th day yesterday so interest arrived today.

Nice number: $333.

not sure why this number though since IIRC it should be:

$100k*30/365*(4.1-0.05)/100 = $332.88 (where 0.05 is the prevailing interest rate)

Did DBS quietly raise the max amount to $200K to cater to new Treasures customers and which we existing can also benefit (hence this difference since my amount in the account ia always very slightly more)?

I would like to do a further check.

If the bank give you more interest, better to diam diam. Common sense lah!

Someone, twice, attempt to spill the beans for another bank! Now if he choose to do it 3rd time, I am ok, cos interest rates had dropped to a level no longer attractive for me to game! Let him help others to get a little more but at the risk of the bank taking corrective action !

If my memory did not fail me, it is more than 1 year already!

 

[royalmix]

Thanks .... seems risky, probably don't try .....

There is no risk, you just walk into the branch, they will check and disallow you from applying, unless you topup new funds!

 

[iadpotato]

7th day yesterday so interest arrived today.

Nice number: $333.

not sure why this number though since IIRC it should be:

$100k*30/365*(4.1-0.05)/100 = $332.88 (where 0.05 is the prevailing interest rate)

Did DBS quietly raise the max amount to $200K to cater to new Treasures customers and which we existing can also benefit (hence this difference since my amount in the account ia always very slightly more)?

I would like to do a further check.

Same same.. wondering why $333 lol

 

[sglandscape]

Same same.. wondering why $333 lol

Suspect because they calculate the interest on a daily basis and then add it up.

100k / 365 x 4.05% = 11.095890411 (rounded to 11.10)

11.10 x 30 = 333 exactly

 

[~sabaisabai~]

What’s SRF?

share responsibility framework

 

[demoforce1]

Any link for 1.38% CASA promo? Is this only for treasure? I only found this from Google, but need 350K https://www.dbs.com.sg/treasures/deposits/tnc-deposit-topup-offer.page https://www.dbs.com.sg/treasures/tnc-promo.page

 

[60Remajust]

once the funds are earmarked for the gated 1.38 promo, will it disappear from balance?

 

[iadpotato]

Suspect because they calculate the interest on a daily basis and then add it up.

100k / 365 x 4.05% = 11.095890411 (rounded to 11.10)

11.10 x 30 = 333 exactly

maybe they just changed? i just checked back, for June interest which also has 30 days, i got $332.97 instead of $333 as in Sep.

 

[maumu]

maybe they just changed? i just checked back, for June interest which also has 30 days, i got $332.97 instead of $333 as in Sep.

hmm I got $333 for the month of June as well.

 

[itchying]

Hi someone mentioned add 0.4% beside the 4.1%, may i know what is this? Cant seemed to find any promo on this thanks.

 

[Kayeesha]

Because your objective was different, 30k vs meet cat only!

Just to clarify, my objective was based on what the RMs told me when I called the bank about the promo in the last a couple of days before the deadline. The two RMs who contacted me told me that I needed to satisfy Sal+3 cat AND at least $30k of eligible transactions in order to earn 4.5%. Neither of them told me that if I did not meet the $30k eligible transactions, I could still earn the 0.4% on the additional $100k at the lower tiers. One of them told me that it was still worth to bring in the funds even if I was too late for October. Told me confidently that he will be able to help me meet the $30k eligible transactions.

Wow, you are more mentally alert than me!

Remember to read thru the websites FAQ and other info: everything is there!

Thanks.

 

[iadpotato]

hmm I got $333 for the month of June as well.

Wah I kenna cheated of $0.03.. must go complain!!

 

[royalmix]

Just to clarify, my objective was based on what the RMs told me when I called the bank about the promo in the last a couple of days before the deadline. The two RMs who contacted me told me that I needed to satisfy Sal+3 cat AND at least $30k of eligible transactions in order to earn 4.5%. Neither of them told me that if I did not meet the $30k eligible transactions, I could still earn the 0.4% on the additional $100k at the lower tiers. One of them told me that it was still worth to bring in the funds even if I was too late for October. Told me confidently that he will be able to help me meet the $30k eligible transactions.


Thanks.

Ok, noted, they have conflict of interest!

 

[arthur64]

Any link for 1.38% CASA promo? Is this only for treasure? I only found this from Google, but need 350K https://www.dbs.com.sg/treasures/deposits/tnc-deposit-topup-offer.page https://www.dbs.com.sg/treasures/tnc-promo.page

Not publicise on dbs web, can only find on this thread, hwz latest s$deposit update and at branch (also for registration)