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Last updated on 2023-08-02
High interest rate
High 4.10% p.a. interest for accounts with min. $30,000 transaction amount
Ideal for borrowers with DBS home loan or investors with DBS Vickers
Higher interest rates subjected to fulfilling at least 2 transactions from specific categories
Lower minimum deposit cap and interest rates for Income + 1 category
Most likely earning interest rate of 1.80% p.a. on first $50k if you don't invest, insure or borrow from DBS
Unlikely to fulfill transactions from 3 categories or have $30k eligible transactions to receive highest interest rate possible
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DBS Multiplier Account Interest RatesNo 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
DBS Multiplier Account Interest Rates Computation
| Income + 1 Category (1st $50k) | Income + 2 Category (1st $100k) | Income + 3 Category (1st $100k) | |
|---|---|---|---|
| $500 to <$15k | 1.80% p.a. | 2.10% p.a. | 2.40% p.a. |
| $15k to <$30k | 1.90% p.a. | 2.20% p.a. | 2.50% p.a. |
| $30k & above | 2.20% p.a. | 3.00% p.a. | 4.10% p.a. |
^ Income includes salary and dividends from CDP via Giro
Earn higher interest on the first $100,000 in this account, with no lock-in period. Highest effective interest rates is 4.10% p.a.
Deposits in excess of $100,000 will earn interest according to the prevailing base interest rate for that month
Dividends from CDP may be credited into personal or joint DBS / POSB savings / current accounts, DBS wealth management account, supplementary retirement scheme (SRS) account or CPF investment account (CPFIA)
Interest rates on your DBS Multiplier Account balances is based on total transaction amount that includes your Income and transaction amount in 1 or more categories
The 4 categories include (excluding Income which is a pre-requisite to earn higher interest)
Spending with any DBS Credit Cards or POSB Credit Cards or PayLah!
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 (Excluding dividends which will be qualified under Income category instead)
Depositors that are 29 years old and below without an income only can still earn bonus interest of 1.50% p.a. on first $50,000 balance with any Credit Card or PayLah! Retail Spend
Click here to go to DBS website for more details
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