facebookHow do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!? - Seedly

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Ping Hui

20 Nov 2020

Saving Hacks

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

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To boost your DBS Multiplier interest, castle apk download besides salary credit and linking your credit card, increase your monthly eligible transactions by paying home loans, insurance premiums, or investing with DBS. Using multiple categories and hitting the SGD 2,000+ monthly transaction threshold unlocks higher interest rates for you.

Jiayee

20 Nov 2020

Salaryman at some company

From https://www.dbs.com.sg/personal/deposits/bank-e... there's home loan instalment, insurance and investment. But there are some additional terms:

For insurance:

  • The first 12 months of your regular premium policy will be recognised for higher interest on your Multiplier Account balance.

  • Regular premium due will be recognised once the policy is in-force, after the free-look/cancellation period.

For investment:

  • Valid for new DBS Invest-Saver purchased after opening your Multiplier Account.

  • The monthly contribution amount of Invest-Saver plan for Unit Trusts (UT) or Exchange Traded Funds (ETF) will be recognised for the first 12 consecutive contributions per investment fund.

  • Contribution must be made in cash, not using funds from your CPF or Supplementary Retirement Scheme (SRS) account.

Not something that can be maintained for a long time because of the "first 12 months" rule. As for the home loan, I have not taken such a loan so I'm not entirely sure what the actual terms really mean.

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