Multiplying is easier for everyone now

How can Multiplier work for you if you are in your 30s?

If you’ve only got a minute:

  • DBS Multiplier Account is designed to help you make the most from your financial commitments through a tiered rewards system
  • Centred around the key aspects of financial planning, it rewards you for taking action on your financial journey
  • For married couples, consider using a joint Multiplier Account to hit higher tiers more easily

When you were fresh out of school, most of your 20s were probably spent building your career or settling down with your partner.

Now that you’re in your 30s, you’re trying to get used to a growing list of financial commitments – servicing a home loan, managing protection plans for your loved ones, thinking of how to grow your wealth or perhaps occasionally, what your days in retirement could look like.

Like you, we see ourselves in your shoes too. That’s why we’ve designed DBS Multiplier Account to complement the key aspects of financial planning, rewarding you for your commitments.

And to further complement your lifestyle – it’s completely digital and accessible anytime, anywhere. After all, this is DBS digibanking!


How DBS Multiplier rewards you for taking action on your financial journey

1)   It earns you higher interest rates

Having saved your hard-earned money is a good thing, but it shouldn’t just sit there idly! Make sure you’re not missing out on earning the highest interest rates on your savings.

The simplest way to do this? Credit your salary to a DBS Multiplier account, and “stack” all the transaction categories you are eligible for – daily expenses, credit card, investments, insurance, and home loan. With this, you’re steps closer to earning the maximum interest.

But we know that everyone’s situation is a little different. So we’ve widened the number of ways that you can qualify for higher interest rates with a DBS Multiplier account.

  • If you can’t credit your salary to a DBS or POSB deposit account, simply connect your financial information via SGFinDex to NAV Planner using your SingPass log-in.
  • If you’re a freelancer and don’t have a regular salary, same thing – use your SingPass log-in to connect your finances to NAV Planner for a consolidated view of your bank and government financial information.
  • If you’re married, you might already have a joint account to manage savings and household expenses with your other half. Maximize the interest you earn by crediting both of your salaries into the joint account, while maintaining your own DBS Multiplier accounts – yes, you can do that!

2)   It puts your home loan to work for you

Getting a cosy home might be a top priority if you’re looking to settle down or have your own pace.

Most of us take up a home loan to make this a reality, but it should not stop with servicing a loan. With a DBS/POSB home loan, you are automatically eligible for bonus interest rate on your Multiplier account – it’s that simple, no effort needed!

There’s more. You haven’t completely missed out even if you have an existing home loan. Consider if it’s worth refinancing with a DBS home loan to enjoy a potentially lower interest rate on your home loan, while earning more interest on your Multiplier account.

3)   It takes into account your insurance commitments

From protection plans for your parents to endowment plans for your child’s education, insurance is an important aspect of personal finance that you will be spending on – especially as life’s commitments add on.

We recognise the importance of this and have included insurance as one of the categories for you to earn higher interest rate with - because you should be rewarded for ensuring sufficient coverage for yourself and your loved ones.

Just make sure to open your Multiplier Account before purchasing any of the qualifying regular premium or single-premium policies! You’ll check off on this category even if the single-premium policy was purchased with money in your Supplementary Retirement Scheme (SRS) account.

4)   It rewards you for taking action to grow your wealth

Compared to when you were in your 20s, you are now more likely to have a higher earning capacity and feel more ready to invest.

It’s never too late to start, be it with S$100 a month into a Regular Savings Plan such as DBS Invest-Saver, a Unit Trust lump sum contribution, a robo-advisor such as digiPortfolio, or actively investing through a DBS Vickers Online Trading Account, bonds, and structured deposits.

What’s more: For equity and unit trust investments, you’re rewarded whether the purchases were made with cash, CPF or SRS.

There are many investment options from DBS to suit your needs, and some of these could count towards the eligible transactions in your Multiplier account. That’ll be like a double, growing both your savings and wealth at the same time!

5)   It understands your spending needs and requires no minimum spend

We’ve saved the best for the last - the simplest category to fulfil is that of Credit Card Spend.

Unlike other accounts out there, there’s absolutely no minimum spend required as we understand that your monthly spending needs may differ depending on your lifestyle and priorities.

Any spend on any DBS/POSB credit card is eligible. For example, you could be earning cash rebates on your grocery spend with POSB Everyday Card. Or if you are in the (airline) miles camp, racking up miles with the DBS Altitude Card even from daily essentials such as public transport. Either way, with DBS Multiplier you earn extra interest on top of the cash rebates, miles, and points you’re already collecting.


DBS Multiplier makes it worth your while

Designed with you in mind, the DBS Multiplier Account rewards you for taking action on financial planning and helps you make the most from your financial commitments. It’s the easier way to multiply your money, whether it’s in cash, CPF, or SRS.

If you are rueing the fact that you don’t have an account yet, you are still not too late to the game. Get it online whenever, wherever you are, or through the digibank app. After all, this is DBS digibanking.

Ready to Multiply? It takes just 5 minutes!

Alternatively, check out NAV Planner for a real-time financial health check. It’s fuss-free – we automatically work out your money flows and provide personalised money tips.

You can also speak to a Wealth Planning Manager today on how you can better plan your finances.

Tell us if this article helps you plan and achieve your financial goals


Disclaimers and Important Notice
This article is meant for information only and should not be relied upon as financial advice. Before making any decision to buy, sell or hold any investment or insurance product, you should seek advice from a financial adviser regarding its suitability. All investments come with risks and you can lose money on your investment. Invest only if you understand and can monitor your investment. Diversify your investments and avoid investing a large portion of your money in a single product issuer. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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.

Thank you. Your feedback will help us serve you better.

Was this information useful?

That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?
Enter only letters, numbers or @!$-(),.