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.
  • It rewards you for taking action on your financial journey via key aspects of financial planning.
  • For married couples, consider using a joint Multiplier Account to achieve higher tiers more effortlessly.

You probably spent most of your 20s building your career, found a significant other and eventually settling down with your partner.

Now that you’ve reached your 30s, you may be grappling with an increasing number of financial obligations such as servicing a home loan, managing protection plans for your loved ones, thinking of how to grow your wealth and occasionally envisioning your retirement days.

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.

Additionally, to complement your lifestyle, the account is entirely digital and accessible at any time and location.


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 be sitting idly in your bank account!  You want to ensure you’re earning the highest possible interest rates on your savings.

One way to achieve this is simply choosing to credit your salary/dividends to your Multiplier account. Earn bonus interest when you take up more product categories with us via credit card spend, home loan, insurance and/or investments.

However, since everyone’s circumstances are unique, the range of options available to qualify for higher interest rates have been expanded. Here’s how:

  • If you can’t credit your salary to a DBS or POSB deposit account, simply connect your financial information via SGFinDex to digibank  using your SingPass log-in.
  • Likewise, if you’re a freelancer and don’t have a regular salary, use your SingPass log-in to connect your finances to digibank for a consolidated view of your bank and government financial information.
  • If you’re married, it is likely you already have a joint account to manage savings and household expenses with your other half. Maximise the interest you earn by crediting both of your salaries into the joint account, while maintaining your separate DBS Multiplier accounts.

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.

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, 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.

Therefore, insurance is included 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.

Simply 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 $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.

For equity and unit trust investments, you will be rewarded with purchases made with cash, CPF or SRS.

There are many investment options from DBS to suit your needs, and some of these can count towards the eligible transactions in your Multiplier account. Easily grow 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.

Any spend on any DBS/POSB credit card is eligible. For example, you can earn cash rebates on your grocery spend with POSB Everyday Card or accumulate miles camp, racking up miles with the DBS Altitude Card even from daily essentials such as public transport. Either way, with DBS Multiplier, you'll be able to 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 don’t have an account yet, simply open the account online or via digibank. Banking has never been easier!

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.

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