DBS Multiplier Account

reference https://www.posb.com.sg/personal/deposit/multiplier/default.page

Your regular banking with us could earn you up to 2.08% p.a. on your savings.

If any or all of these add up to at least S$7,500 per month, you’re eligible.

  1. Your SALARY* that goes to a POSB or DBS account
  1. Your shopping with POSB or DBS CREDIT CARDS
  1. Your HOME LOAN from POSB or DBS
  1. Your INVESTMENT DIVIDENDS that go to a POSB or DBS account
  1. Your regular banking with us will determine the interest earned on the first S$50,000 in your Multiplier Account.
  1. No lock-in period.

Total monthly banking with POSB or DBS Interest Rate (p.a.)

< S$7,500 0.05%
S$7,500 to <S$10,000 0.98%
S$10,000 to <S$12,500 1.28%
S$12,500 to <S$15,000 1.48%
S$15,000 to <S$20,000 1.68%
S$20,000 and above 2.08%

Remaining balance over and above the first S$50,000 will be accorded the prevailing base interest rate for that month. Higher interest will be credited in 2 parts: (i) base interest at our prevailing base interest rate calculated on daily balances will be credited at month end, and (ii) the remaining preferential interest, calculated as the nett of the higher interest rate and the prevailing base interest rate, based on the sum of your eligible cash flows with us, by the 7th working day of the following month.

Fees

  1. No monthly account fee
  1. Fall below fee of S$5 will be charged if average daily balance^ falls below S$3,000 (based on total SGD equivalent of SGD & foreign currency balances)
  1. Early closure fee of S$30 (if account is closed within 6 months)