A quarter after DBS announced that they will change how they handle the bonus interest to their popular DBS Multiplier accounts, they announce a reduction in Bonus interest rates for the first S$25,000 deposits. This morning, DBS published an important revision notice for the interest rate for Income + 1 transactions in 1 category with effect from 1st May 2020: The changes are smaller this time around, and it affects your bonus interest earned on the first S$25,000. If you managed to hit the higher tiers, you should be less affected. In any case the reduction is about 0.08% to 0.15%. In absolute amount its $20 to $37.50 a year. Something does not add up if you are going to cry over this. The risk free curve have shifted downwards at least by 1%. Due to Covid-19, MAS have allowed home loans and insurance premiums to...