Personal Finance
DBS Multiplier Review: The Only Savings Account You Need
By Singapore's Budget Babe  •  August 29, 2020
This is the high-yield savings account we all need because it grows and evolves with us, so we no longer have to keep switching accounts at different stages of our lives. After a while, the time and energy spent opening/closing accounts and moving funds just for a meagre increment in interest no longer becomes worth it...you'll be better served using your time to invest and grow your money instead. When news of the revamped DBS Multiplier account was first announced in 2017, it was one of the best high-yield savings account then for the masses. Fast forward to 2020, and DBS still holds the title for this in my view - a truly impressive feat considering what their other competitors have done since. For a look back into the history of DBS Multiplier, read my past reviews here (November 2017), here (May 2019) and here (February 2020). What did they do right, and with almost every bank cutting their interest rates, is the DBS Multiplier still the best - or worth staying on? You bet. Here's why....
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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