Make an "investment" with your very first pay cheque with a DBS Multiplier Account! And no, it doesn't require you to analyse graphs.
Here's a simple breakdown:
With Jack having a current balance of S$10,000 in his Multiplier account and transactions totalling S$2,700 each month, Jack earns an interest rate of 1.80% p.a..
That's S$178 in interest after one year, all by crediting his salary to a DBS/POSB account and spending as he normally would.
New to DBS? It’s easy with digibankingdigibank is the only app you’ll need for an intelligent, secure and intuitive banking experience. Open an account with just your phone and Singpass to enjoy instant approval. Get a headstart with our starter packs, all without the need to visit a branch.
Singaporeans, Permanent Residents, and Foreigners (EP/SP/DP /Long Term Visit Pass/Student Pass) can open a Multiplier Account instantly with Singpass.
Download digibank app
Refer to the documents required for account opening before you proceed.
Register for Singpass here
Your Singpass should be ready to use once your Personal details are displayed in your Singpass mobile app.
Pro tip: Select Face Verification for instant registration.
For foreigners: Have your FIN number and Singapore (+65) mobile number ready.
Unable to register for Singpass
On digibank app, select “Continue without Singpass” and upload the supporting documents.
Be rewarded with bonus interest on your Multiplier account when you credit your salary to any DBS/POSB account of your choice. No minimum salary amount required. Find out more.
Start your financial journey with the DBS Live Fresh Card. Dive into the excitement of getting up to 6% cashback on your shopping sprees and daily commutes. Plus, get 0.3% unlimited cashback on every eligible spend. From meals to gadgets, every purchase you make contributes to even more cashback bliss for you.
Whether you want to ace your first job, making the most out of your career or do more with your first paycheck, we've got you covered! Read some of these articles from our DBS Learn and NAV to get tips relating to your career and salary:
Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
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