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DBS Multiplier Account Just Got Bigger
By My Sweet Retirement  •  May 4, 2019

I have previously wrote about Why I Switched to DBS Multiplier Account in the year 2017. If you can remember, the main selling points of the DBS Multiplier Account are

No minimum salary credit No minimum credit card spend

After two years, I am glad there are changes to the DBS Multiplier Account which in my personal opinion are excellent changes as I get to earn higher interests without doing anything.

Previously, DBS Multiplier Account holders only get to earn higher interest rate on your first S$50,000. With the change, you can now earn higher interest rates on your savings up to S$100,000. The highest interest rate you can reach is 3.8% per annum.

On top of salary credit, the categories eligible remains the same. The categories are

Credit Card Spend Home Loan Installments Insurance Premiums Investments

The following breakdown shows the additional interest rate you can earn on the

...
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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.
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