Revision of DBS Multiplier Account terms and interest rates from 1 August 2020
DBS

www.dbs.com.sg/personal
DBS Multiplier Account
Changes effective 1 August 2020

Hope all is well with you and your family.

Come 1 August 2020, we are making two changes to DBS Multiplier:

  1. We will be adding more dividend options and crediting modes so you can qualify for more eligible transactions under the Income category.
  Before 1 August 2020 From 1 August 2020  
Dividend Credit Eligible dividends included are from:
  1. Central Depository Pte Ltd (CDP)
  2. DBS Vickers (SGX only)
  3. DBS Online Equity Trading (OET) (SGX only)
 Eligible dividends included are from:
  1. Central Depository Pte Ltd (CDP)
  2. DBS Vickers (All markets) [EXPANDED]
  3. DBS Online Equity Trading (OET) (All markets) [EXPANDED]
  4. DBS Unit Trusts [NEW]
  5. DBS Online Funds Investing [NEW]
  6. DBS Invest-Saver [NEW]
  Dividends must be credited into:
  1. Personal or joint DBS/POSB savings/current accounts
 Dividends must be credited into:
  1. Personal or joint DBS/POSB savings/current accounts
  2. Supplementary Retirement Scheme (SRS) account [NEW]
  3. CPF Investment Account (CPFIA) [NEW]
  1. We’ve also adjusted our interest rates in response to changing market conditions. If you have been income and/or dividend crediting, and transacting in 1 or 2 categories with us, we will be guiding you with tips to earn higher interest.

Revision of interest rates for Income + transactions in 1 and 2 categories.
Income + transactions in 1 category Income + transactions in 2 categories
Total eligible transactions per month Before 1 August 2020 From 1 August 2020 Before 1 August 2020 From 1 August 2020
<S$2,000 0.05% (p.a.) 0.05% (p.a.) 0.05% (p.a.) 0.05% (p.a.)
≥S$2,000 to
<S$2,500		 1.40% (p.a.) 0.70% (p.a.) 1.80% (p.a.) 1.30% (p.a.)
≥S$2,500 to
<S$5,000		 1.60% (p.a.) 0.90% (p.a.) 2.00% (p.a.) 1.50% (p.a.)
≥S$5,000 to
<S$15,000		 1.80% (p.a.) 1.10% (p.a.) 2.20% (p.a.) 1.80% (p.a.)
≥S$15,000 to
<S$30,000		 1.90% (p.a.) 1.20% (p.a.) 2.30% (p.a.) 1.90% (p.a.)
≥S$30,000 2.00% (p.a.) 1.30% (p.a.) 3.50% (p.a.) 2.80% (p.a.)

All other qualifying conditions remain the same. Please refer to Section M of Terms & Conditions Governing Accounts (w.e.f. 1 August 2020) for details.

While the future is still uncertain, planning your finances allows you to cushion any blows that come your way, and gives you the much-needed security you need to push ahead. Use DBS NAV Planner to give you a consolidated view of your finances, keep tabs on your money ins and outs, investments and more, and get tips and insights on how you can navigate the challenging times ahead.

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$75,000 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$75,000 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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