Get up to 4.0% p.a. on USD with Multiplier

Multiplier: Now rewarding your USD savings too.Grow your savings effortlessly in both SGD and USD – all within one account. As the first Bank & Earn account to offer bonus interest rates on USD savings, you can enjoy up to 4.0% p.a. on your first US$3,000,000. For a limited time only till 30 Jun 2025. Terms & conditions apply.No extra steps. Just hassle-free, rewarding savings! How it worksEarn up to 4.0% p.a. on your first US$3,000,000:

Account Balance	Prevailing Interest Rate (p.a.)	Bonus Interest Rate (p.a.)	Total Interest Rate (p.a.)
First US$10,000	0.03%	n.a.	0.03%
Next US$90,000	0.03%	1.97%	2.00%
Next US$250,000	0.03%	2.97%	3.00%
Next US$650,000	0.05%	3.95%	4.00%
Next US$2,000,000	0.05%	3.95%	4.00%
Remaining balance >US$3,000,000	0.05%	n.a.	0.05%

Rates quoted are in % p.a. and are subject to change without prior notice.Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses. Such accounts may also be subject to exchange controls imposed on the currency held.DBS may vary these Terms and Conditions or suspend or terminate the Promotion without any notice or liability to any party. How is USD interest calculated?

USD interest earned for each balance tier is calculated and rounded off to the nearest 2 decimal places.

Each day’s interest earned is summed up.

The entire month’s interest is then summed up.

(Note: USD is divided by 360 days)How to fund your Multiplier with USD?

Exchange currencies within your Multiplier account. Find out more.

Remit funds into your Multiplier account from other banks. Find out more.

Eligibilty & Fees
Service Charge	Service charge of S$5 per month applies if your average daily balance falls below S$3,000 (inclusive of SGD equivalent of foreign currency balance). This service charge will be waived if: You are 29 years old or below by year, or DBS Multiplier is your first DBS/POSB account (online applications only).
Deposit/withdrawal in foreign currency notes	Please refer to Deposits Guide for the applicable fees. Fees apply for deposit/withdrawal in the same foreign currency.
Minimum age	At least 18 years of age.
Initial deposit	Not required.

Apply nowIf you are an existing DBS customer, you can apply via DBS digibank to open a Multiplier account.Apply now One account, dual currency earnings!Have SGD? Maximise your SGD savings with up to 4.1% p.a. on your first S$100,000 – all in the same account.


	Get up to 4.1% p.a. on your SGD – all within your Multiplier account. Find out more.

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.

Frequently Asked Questions

How do I receive USD funds in my Multiplier Account?

Should you wish to receive funds in USD, your sender needs to instruct their bank to send out the funds in the foreign currency (not SGD). Find out more here.

To receive USD remittances into your account promptly, you may wish to share details of DBS’ appointed USD Agent Bank to your sender. Find out more here.

How do I exchange foreign currencies using my Multiplier Account?

There are various channels which you may exchange foreign currencies using Multiplier, a Multi-Currency Account. Find out more here.

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