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DBS Multiplier Account


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Min. Deposit

Interest Rate
up to 3.50%

Review on DBS Multiplier PAccount

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

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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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



Apply online and credit your salary to the account or maintain a minimum average daily balance of $3,000 for at least 6 consecutive months to receive $20 Cash Gift and a chance to be one of 10 Lucky Draw winners to receive a Private Dining Experience for four diners (Valid till 30 Jun 2019)


Click here to go to DBS website for more details


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Reviews or Comments (1)

Ave. Rating:
4/5 (2)
Topic: DBS Multiplier Account Review
Sort By
Nov 2017
First Poster
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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