Personal Finance
DBS Multiplier Account and Portfolio Allocation (December 2019)
By SingularityTruth  •  January 4, 2020
My Plan for DBS Multiplier AccountThe new year starts with the big news that DBS Multiplier will be changing their terms and conditions with effect from 1st Feb 2020. DBS has decided to nerf the savings account so that it is now much harder to get higher interest rates on your account. 
They are re-categorizing dividends from CDP into a new category called 'Income', together with salary credit. Those who have been using Singapore Savings Bond or regular dividends to clock the 'Investment' category will now have 1 less category. If you are left with 'Income' category plus 1 other category, your interest will now only be applicable to the first $25K instead of $50K.
Wef 1st Feb 2020
In the previous post, I mentioned that I am clocking my 3rd category by buying the online insurance so that I can get interest on my next $50K. One week later, DBS re-categorized the...
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By SingularityTruth
A blog to share and track the progress of building my investment portfolio. "Picking stock is tactical; Structuring portfolio is strategic"
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