Personal Finance
DBS Multiplier Upcoming Changes
By KPO and CZM  •  July 15, 2020
DBS will be decreasing the Multiplier interest w.e.f 1st August. Most impacted will be those with salary crediting and 1 category (credit card). Surprisingly, DBS has decided to leave the 3 or more categories alone this time round when one would think this group of people are less likely to leave/change their savings account. Anyway, I took a quick look at the various savings account and felt that the Multiplier is still one of the better savings accounts that do not really encourage/require you to meet a minimum spending per month. However, the low 1%+ interest is really a hard pill to swallow so we have decided to fulfill another category - Investments by starting a $100 monthly/regular savings plan (DBS Invest-Saver) on Nikko STI ETF which will only be recognized for the first 12 consecutive months. Alternatively, you can consider refinancing your housing loan but that is out of the question for us when we refinance a few months...
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By KPO and CZM
I am Ong and my fiancee (Chan Zui Mao a.k.a CMZ) calls me a Kiam Pok (i.e. stingy/thrifty depending on how you look at it). Hence, the nickname KPO (Kiam Pok Ong). We have decided to name the blog KPO because I have proposed to CMZ successfully and she is officially a KPO too. The purpose of the blog is to list down all the money-saving tips, our investment/journey to financial freedom and to document my life with CZM.
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