If you are one of those unlucky ones(like me) who are unable to meet the 1% interest salary crediting requirement due to OCBC's strict "GIRO-SAL" code criteria, you can open a DBS multiplier and get 1.08%-2,08% per annum on a monthly basis for $50k. They have recently revised their first tier interest to 1.08% from 0.98% as shown below. Which means if your "monthly banking" with them is at least $7.5k, you will be ensured $45 a month(at least something). The $7.5k total can include salary, housing loan, dividend payments from cdp and dbs credit card spending. It can be scaled up to a maximium of 2.08% which works out to be around $87 a month.
OCBC360 account can be used together with your DBS multiplier if your salary crediting code for OCBC360 does not match. Criterias from both sides can be fulfilled without ...
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