Invest
DBS Multiplier Account + Singapore Savings Bond Hack No Longer Valid
By My Sweet Retirement  •  January 1, 2020

Today is the first day of the year 2020 and DBS Bank chose this day to send an email notification about their DBS Multiplier Account changes. There are some changes to DBS Multiplier Account that will take place from 1st February 2020.

With the changes, dividend received from Central Depository Pte Ltd (CDP) will no longer qualify as the investment category but the income category instead. Income category is where salary credit belongs to. This also means that the DBS Multiplier Account + Singapore Savings Bond Hack that I have completed last year is no longer valid.

Below is a summary of the changes.

What a way to kick start 2020…

Related

Let's block ads! (Why?)

...
Read the full article
By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance