The new Multiplier is here and while it is simpler, these changes always bring questions to mind. I had my own questions too.

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We know savings accounts with high interest play a big role in how we manage our money so I roped in our experts for an AMA session for our DBS & POSB Community. From now until 25 August 2023, they’ll be on hand to answer all your Multiplier questions.

Park them questions here! Don’t forget to come back for answers and check out what other members have in mind as well.

Hi Team,

Any plans for DigiPortfolio to be included under the investment category for the Multiplier Account?

Cheers

How do I unlock more categories? What counts as an eligible investment? Get your burning questions about your Multiplier Account answered here.

Looking for a specific Multiplier post? Maybe this will help.

Whether you're a student, serving National Service, or a contract worker, here's how you can use PayLah! to get on board Multiplier.

In a nutshell:

Tertiary students have no min. spend.

Those who fall under the NSF or contract worker category just need PayLah! Retail Spend and Income to add up to a min. of S$500.

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Are you a tertiary student who's currently unemployed?
You can open a Multiplier Account and start earning interest of 0.30% p.a. Read on!

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Good news for those serving National Service and looking to kick-start their Multiplier journey.

Simply credit your NS allowance to your DBS/POSB Account (credited as 'SAL').

Your salary and PayLah! retail spend just need to add up to min. S$500 for you to start earning interest of 0.40% p.a. Read on!

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Are you a contract worker who credits your salary to your DBS/POSB account (with codes 'SAL / 'PAY')?

Simply ensure your Salary (counted under Income) and PayLah! retail spend add up to min. S$500 for you to start earning interest of 0.40% p.a.

Alternatively, you can also use eligible dividends credited into your DBS/POSB savings/current accounts to replace salary crediting.

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To unlock your Multiplier Account, fulfill the mandatory INCOME category by:

Crediting your salary (via GIRO with ref code 'SAL/'PAY')

OR

Crediting your dividends (CDP, DBS Vickers Securities, DBS Online Equity Trading (OET), DBS Unit Trusts, DBS Online Funds Investing, DBS Invest-Saver)

AND transacting in 1 category

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Get HIGHER interest rates by:

Crediting your salary (via GIRO with ref code 'SAL/'PAY')

OR

Crediting your dividends (CDP, DBS Vickers Securities, DBS Online Equity Trading (OET), DBS Unit Trusts, DBS Online Funds Investing, DBS Invest-Saver)

AND transacting in 2 categories.

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Grow with Multiplier to earn interests up to 3.0% p.a. by:

Crediting your salary (via GIRO with ref code 'SAL'/'PAY')

OR

Crediting your eligible dividends (CDP, DBS Vickers Securities, DBS Online Equity Trading (OET), DBS Unit Trusts, DBS Online Funds Investing, DBS Invest-Saver)

AND transacting in 3 or more categories!

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Total monthly interest earned = prevailing interest + preferential interest!

Know when to keep an eye out for your Multiplier higher interest rates.

Note: Both prevailing and preferential interests are calculated from 1st day of the month to last day of each month (30th or 31st) - NOT based on the final / latest account bal*nce.!

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Use either salary crediting or dividends to fulfill the Income criteria of Multiplier! This is mandatory to kick-start your account.

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1) Credit Card Spends
Wondering which transactions are eligible when it comes to your credit card spending?

2) Home Loan
Paying off your home loan instalments ain't fun. Find out how hard your Multiplier account is working to turn this monthly pain into a gain!

3) Investments
Find out which investment transactions are recognised as eligible transactions under the Investment category!

4) Insurance
Getting an insurance is complicated enough. Let's keep it simple! 😄

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We've taken some of the most frequently asked questions in the community and turned them into a guide on how to use the multi-currency feature of your Multiplier Account to the fullest! ✈️

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