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GGoh Multiplier account interest rate
If I already have ongoing subscription for Nikko AM STI ETF which cannot be considered under the "investment" category for Multiplier, am I still eligible for the higher interest rates once I subscribe to ABF SG Bond Fund?
Replies
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@XinXin That's right! Check out our Multiplier Unit for more tips/hacks to maximise the account.
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Hi @CLY, great to know your DCA journey into Invest-Saver is well under way! If you have subscribed to a new fund with Invest-Saver, it'll be counted for the next consecutive 12 months. Do note that if you set it up after the 15th of the month, it'll only start counting the next month (1/12). You can check out more Multiplier tips at 'Learning Units' above.
Actually for your convenience, here you go!
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@heyanna - I have previously purchased one of the ETF but after 12 months, it is now not valid to be considered as one of the investment category. I have now subscribed to another ETF during end of May 2021. Will this be eligible as one fo the investment category?
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@heyanna Understand that this is only valid for 1st year. if i want to continue for following year. I just need to subscribe another fund in order to get the interest?
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Hi @GGoh, purchasing Nikko AM via Invest-Saver definitely counts as unlocking the Investment category in Multiplier! If you bought that particular ETF externally, then you can still unlock that category when you subscribe to ABF SG via Invest-Saver.
Once you credit your income (salary and/or dividends), this is a must-do and transact in one or more of the following categories, you can enjoy the higher interest rates
Check out this FAQ if you require more information.
Good question, keep it up!