DBS Multiplier Account

 

DBS Logo

Min. Deposit
$0

Interest Rate
up to 3.50%

Review on DBS Multiplier PAccount

Pros
Realistically high interest rate
No minimum monthly salary credit or credit card spend
High 3.50% p.a. interest for accounts with min. $30,000 transaction amount

Cons
Higher interest rates subjected to fulfilling at least 1 transaction from specific categories
Low 0.05% p.a. base interest rate

 

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Details

No initial deposit required. No monthly account fees.

Fall below fee of S$5 will be charged if average daily balance falls below S$3,000

No foreign exchange fees when you transact directly from your foreign currency wallets

 

Salary + 1 categories Salary + 2 categories
Below $2k 0.05% p.a. 0.05% p.a.
$2k to <$2.5k 1.55% p.a. 1.80% p.a.
$2.5k to <$5k 1.85% p.a. 2.00% p.a.
$5k to <$15k 1.90% p.a. 2.20% p.a.
$15k to <$30k 2.00% p.a. 2.30% p.a.
$30k & above 2.08% p.a. 3.50% p.a.

Earn higher interest on the first $50,000 in this account, with no lock-in period

Deposits in excess of $50,000 will earn interest according to the prevailing base interest rate for that month

Interest rates on your DBS Multiplier Account balances is based on total transaction amount that includes your salary and transaction amount in 1 or more categories

 

The 4 categories include (excluding Salary Credit which is a pre-requisite to earn higher interest)

Spending with any DBS Credit Cards or POSB Credit Cards

Home loan installments with DBS home loan or POSB home loan

Monthly insurance premiums with DBS or POSB

Investing with DBS or POSB via unit trusts or DBS Vickers Online

 

Click here to go to DBS website for more details

 

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Reviews or Comments (1)

Ave. Rating:
5/5 (1)
Topic: DBS Multiplier Account Review
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Blossomy
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Nov 2017
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Blossomy says...

DBS made it easier to get at least 1.55% interest for this account. 1.85% p.a. interest is also achievable with salary crediting and credit card spend. Good change.

 

 

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