DBS / POSB My Account

[peppermint7]

https://www.posb.com.sg/personal/deposits/savings-accounts/my-account

For above discussion

 

[peppermint7]

I have 2 debit cards (black DBS visa debit & posb passion debit) linked to my existing DBS acc. When i attempt to open my account, it seems to allow only 1 card to link to it.. then what will happen to my other card?

 

[peppermint7]

Not bad, now open and deposit $5000 still can get 0.8% for 4 months based on the account opening promo which ends on 30th June.

Are u referring to my account? Where did u see this promo?

 

[Squaredot]

Are u referring to my account? Where did u see this promo?

https://www.posb.com.sg/personal/promotion/online-account-opening

Is this the promo?

 

[vsvs24]

The footnote : Additional Interest will be accorded for 4 months period starting from the 3rd month of account opening.

So if open in Jun, must place min $5000 fresh funds by Jul. But 0.8% interest only given for Aug to Nov ?

 

[peppermint7]

https://www.posb.com.sg/personal/promotion/online-account-opening

Is this the promo?

Yes! Thanks Squaredot

 

[peppermint7]

The footnote : Additional Interest will be accorded for 4 months period starting from the 3rd month of account opening.

So if open in Jun, must place min $5000 fresh funds by Jul. But 0.8% interest only given for Aug to Nov ?

Not sure if my interpretation is correct..

Open by 30th June
Place funds in by end of 2nd month (30th July)

Then get 0.8% from Aug to November?

Seems like my interpretation is similar to yours

 

[vsvs24]

Not sure if my interpretation is correct..

Open by 30th June
Place funds in by end of 2nd month (30th July)

Then get 0.8% from Aug to November?

Seems like my interpretation is similar to yours

I am not keen on this. Just trying to highlight to those interested.

As usual, banks like to have small prints.

 

[Squaredot]

Not sure if my interpretation is correct..

Open by 30th June
Place funds in by end of 2nd month (30th July)

Then get 0.8% from Aug to November?

Seems like my interpretation is similar to yours

is this good to stack with a new multiplier account?
the drawback is multiplier account may get trimmed

 

[Squaredot]

The footnote : Additional Interest will be accorded for 4 months period starting from the 3rd month of account opening.

So if open in Jun, must place min $5000 fresh funds by Jul. But 0.8% interest only given for Aug to Nov ?

Since the new account will be open for at least 6mths to avoid early closure fee, it doesn't matter 0.8% interest is given from Aug to Nov or July to Oct.

 

[DenOOO]

is this good to stack with a new multiplier account?
the drawback is multiplier account may get trimmed

This My Account can be converted to Multiplier Account.

Means can own 2 Multiplier ?

 

[F1ngolf2012]

Would DBS FD for 10 months @ 1.10% for $1,000 to $49,999 make sense?
https://www.dbs.com.sg/iwov-resources/pdf/deposits/dbs-S$FD-notice-18jun20.pdf

 

[Garlic & Butter]

Rather you put maybank 1.1%
This DBS one isnt stackable and rates are based on your existing cumulative FD. If a 1.2% offer comes nxt week after putting this 1.1% for $49,999, you will be ineligible to get the 1.2% from the next dollar