DBS changed its Mutiplier plan

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Nanonited

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reddevil0728 said:
Hmmm. But if in real terms it’s negative, how will $ work harder?
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If rates are high enough, cash hoarders will become positive because business growth will slow and property growth will slow also etc.

right now, its heavily negative and inflation is still sky high. I might as well hope rates are high and inflation is high also

Why is it automatically assumed that rates will be high when inflation is high? The problem now is that they do not dare to crash the economy with a reset by raising rates high enough such that everyone has the mindset to all in to make their $ work harder. Also, there is alot of money printing going on. History has shown that inflation drops when the market crashes big time.
 
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Nanonited said:
If rates are high enough, cash hoarders will become positive because business growth will slow and property growth will slow also etc.

right now, its heavily negative and inflation is still sky high. I might as well hope rates are high and inflation is high also

Why is it automatically assumed that rates will be high when inflation is high? The problem now is that they do not dare to crash the economy with a reset by raising rates high enough such that everyone has the mindset to all in to make their $ work harder. Also, there is alot of money printing going on. History has shown that inflation drops when the market crashes big time.
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hmmm? quote wrong? i was just asking if in real terms it's negative, how will $ work harder.
 
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reddevil0728 said:
hmmm? quote wrong? i was just asking if in real terms it's negative, how will $ work harder.
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If rates are raised higher than inflation aka rates are high enough to dampen inflation then it will not be negative? If rates are 15% while inflation is 13% then $ is working harder in the bank?

technically its not impossible for that to happen though highly unlikely with the way govts are letting assets inflate massively
 
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Nanonited said:
If rates are raised higher than inflation aka rates are high enough to dampen inflation then it will not be negative? If rates are 15% while inflation is 13% then $ is working harder in the bank?

technically its not impossible for that to happen though highly unlikely with the way govts are letting assets inflate massively
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Then the qns is will savings rates be higher than inflation rate lor
 
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maumu said:
thanks mate. heng ah... can catch the 29 May - 11 Jun cycle as mine is maturing 2 Jun.

but again there's the unknown whether the rates could be climbing up with the current situation in middle east :\
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Same, my wife and my casa end 2 Jun, 1.38% then
 
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so for multiplier account, what is the maximum amount of money can put inside while still can get maximum interest possible?

want to put the money elsewhere instead.
 
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Anybody knows if i log in to the app and at the top of the page they show the top up and multiply more aka the beyond 100k 1.38% promo yet i have no email and nothing under tips and deals, does this mean i am not an invited user?
 
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devion said:
for 1st time insurance, only count in next month deduction if am not mistaken.
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reddevil0728 said:
To be accurate is always for the following month
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oh F, i just realised i've totally forgotten & overlooked my insurance being 12/12 recorded in Apr already :spin:

now just did a quick search, previously im on Protecfirst, i guess its ineligible to terminate and resign ProtectFirst? (next best being Termprotect?)
tried reading about the insurance eligibility windows abit confusing... any advice on optimal date to sign new before date & terminate old after? TIA :o


Edit: Found most answers in previous useful posts
peppermint7 said:
To roll over another 12 months. Am I able to buy back term protect or need to change to other type of insurance to be eligible for next 12 month? As term protect min is 5 years. So I need to cancel after 12 month since Multiplier only pay for 12 month. For roll over can I Buy Back the same term protect which I have cancelled to get the BI for next 12 month.
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sglandscape said:
Seems like can buy back the same one, need a new policy number and new policy start date.
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chiokcc said:
Buy a new term protect policy on the month when your previous one is in the 12th month ..... or you not sure and need to have an overlap buffer, buy the new policy in the 11th month ......
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chiokcc said:
This is correct .... note new policy may cost a bit more as you have aged one more year and premium may have changed .....
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Froggyman said:
Can buy a new term protect(new policy nos) and then cancel the old one after 12 months
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And lastly, SIC for those re-signing protectfirst / termprotect, heres the promo code

Promotions​

It’s time to get your hands on ProtectFirst at an even smaller price tag. Receive 10% perpetual discount on premiums paid with ProtectFirst, from 1 Apr 2026 to 31 Oct 2026. Terms and Conditions apply.
Simply enter promo code ‘10PFP1’ on the Payment Details page during your application.

Promotion​

Get insured with TermProtect and receive an 8% lifetime premium discount1. Simply enter promo code ‘8TPP2’ on the Payment Details page during your application. Promo till 31 Oct 2026.
 
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