DBS changed its Mutiplier plan

[nobody1968]

I have registered for 12M CASA today. First in the queue and done in 10 mins.

To terminate early, one will need to go to the branch. Funds will take 2 days to be released.

Went to the bank today to register for 12 mth casa. As per bank officer, my previous casa last day was 30 Sept, so i can enrol in new casa on 30 Sept.

For the 12 mth casa, if i withdraw my funds on 1 April 27, i will not be entitled to the int for period jan to mar 27 as this int is payable on 30 Apr 27. So if i withdraw on 1st May, i will lose 1 month ie Apri 27's int.
So if really need to withdraw, rec int first then withdraw - minimum will lose 1 mth interest.

 

[TimsTom]

https://www.posb.com.sg/iwov-resour...avings-loyalty-program-24sep-to-31oct2026.pdf

CASA Savings Loyalty Program

wa this looks good, can save all the trips & queueing to combo with multiplier
bonus paid quarterly with 1 mth wait, forfeiture of unpaid bonus incase of emergency withdrawal

Hi. May i know whats the interest rate for the casa as i opened up and cant see a rate. Only numbers that after calculate like 0.3 (i likely am wrong).

I just put into Tbills. Is it a lower profit for me ?

 

[Euqorab]

I have registered for 12M CASA today. First in the queue and done in 10 mins.

To terminate early, one will need to go to the branch. Funds will take 2 days to be released.

Went to the bank today to register for 12 mth casa. As per bank officer, my previous casa last day was 30 Sept, so i can enrol in new casa on 30 Sept.

For the 12 mth casa, if i withdraw my funds on 1 April 27, i will not be entitled to the int for period jan to mar 27 as this int is payable on 30 Apr 27. So if i withdraw on 1st May, i will lose 1 month ie Apri 27's int.
So if really need to withdraw, rec int first then withdraw - minimum will lose 1 mth interest.

I also went to register at Yohan during my break between meetings yesterday… took queue number and went eat first…

the auntie asked why want to do 12 months and told many people doing the 3 months only…

then when I told her I also can sign up for 3 months concurrently if I get funds, she wasn’t sure can overlap anot… lol

 

[reddevil0728]

I also went to register at Yohan during my break between meetings yesterday… took queue number and went eat first…

the auntie asked why want to do 12 months and told many people doing the 3 months only…

then when I told her I also can sign up for 3 months concurrently if I get funds, she wasn’t sure can overlap anot… lol

What’s Yohan?

 

[Euqorab]

What’s Yohan?

I meaned Yaohan… stupid iPhone 9 auto corrected it

 

[reddevil0728]

I meaned Yaohan… stupid iPhone 9 auto corrected it

Where’s that?

 

[alanchia67]

Where’s that?

Plaza Sing?

 

[Euqorab]

Where’s that?

The one beside Istana

 

[Euqorab]

Plaza Sing?

Oh yes!
The branch there very nice
Though I had to wait before it my turn

 

[reddevil0728]

Plaza Sing?

The one beside Istana

If it’s plaza Sing now should call it plaza Sing no?

 

[a4973]

the auntie asked why want to do 12 months and told many people doing the 3 months only…

then when I told her I also can sign up for 3 months concurrently if I get funds, she wasn’t sure can overlap anot… lol

Do you mean that if you get inflow of additional funds then you can sign up those additional funds for the 3 months tenure? I think there is a TnC about 1 account 1 tranche though

 

[Euqorab]

Do you mean that if you get inflow of additional funds then you can sign up those additional funds for the 3 months tenure? I think there is a TnC about 1 account 1 tranche though

Her first response was cannot, unless different account (I am stacking with multiplier interests)… didn’t want to waste her time, so I told her i will read the T&C myself

I haven’t tried yet, but the T&C is one account one promotion… but if the 3-month Casa and 12-month Casa are two distinct promotions, then the conditions probably don’t apply… I hope I have the luck to try it though

 

[chiokcc]

Wow, still got people refer Plaza Singapura as Yaohan .... then should call Capitaland as DBS Land .....

 

[Euqorab]

Wow, still got people refer Plaza Singapura as Yaohan .... then should call Capitaland as DBS Land .....

I was at River Valley area last week and wanted to go the branch at daimaru, but realised it demolished already

 

[Euqorab]

Wow, still got people refer Plaza Singapura as Yaohan .... then should call Capitaland as DBS Land .....

I was at River Valley area last week and wanted to go the branch at daimaru, but realised it demolished already

But names aside, the present day Plaza Singapura is built by DBS if I recall…

and they brought in Yaohan or something like that… can’t remember

 

[alanchia67]

I was at River Valley area last week and wanted to go the branch at daimaru, but realised it demolished already

walau.. ealier yaohan, now daimaru. next will be Galeries Lafayette, Emporium, Sogo, Seiyu? Lol

 

[chiokcc]

I was at River Valley area last week and wanted to go the branch at daimaru, but realised it demolished already

Wow, that was Liang Court ..... and Hotel Otani was next to it .....

 

[Euqorab]

walau.. ealier yaohan, now daimaru. next will be Galeries Lafayette, Emporium, Sogo, Seiyu? Lol

Don’t worry, don’t recall there are DBS branches there… even Parco also don’t have… don’t worry…
Please focus on main discussion thanks

 

[chiokcc]

Recent years, especially Covid and post-Covid, many POSB/DBS branches (non-Treasures) were closed ... eg. Raffles City, Funan, Centerpoint, CityLink mall, Takashimaya .....

 

[chiokcc]

To DBS's credit, many things can already be done digitally online .... so I am still unsure why the recent CASA promo needs to be done physically ... only reason is to "lure" people to the branch to give more work to the Financial Advisors .....