At a Glance

No minimum amount required, always

Everyone’s different and has different needs. That’s why we’ve stuck to our promise all along – no minimum amount needed across your DBS/POSB product categories to unlock bonus interest rates.

Flexibility for all

Earn bonus interest when you take up more product categories with DBS/POSB. With more product categories to transact with, you can multiply your money easily.​​

Make your financial planning count ​

Choose to credit your salary/dividends or simply connect SGFinDex on NAV Planner to see all your money in one place and start planning your finances with ease while earning more interest.

Why DBS Multiplier as your Savings Account​

Our mission is simple – to help you save more. Multiplier is committed to making it easier for you to grow your money with us by rewarding you when you meet your financial needs with DBS/POSB.

 

Apply now

 

How it works

Everyone can earn bonus interest on Multiplier Account balances through ONE of these options below.​

Option 1. Salary/ Dividends/ SGFinDex and Transactions in Credit Card/ Home Loan/ Insurance/ Investment

Earn higher interest on Multiplier Account balances when your eligible DBS/POSB transactions add up to S$2,000 or more every month.

Step 1:

Credit salary/ dividends or sync SGFinDex.

Step 2:

Transact in the 1 or more of the 4 categories below.
 


 


Bonus Interest Rate for Option 1

Using the interest rate table, the number of categories you transact in determines your balance cap. The total eligible transactions will determine your interest rate.

Meet Jack. He’s a first jobber who credits his monthly salary of S$3,500 into his DBS/POSB savings account and transacts in one category.

With Jack’s current balance of S$30,000 in his DBS Multiplier Account and a total eligible transaction of S$3,700, he qualifies for an interest of:

  • 1.50% p.a. for his first S$50,000 and​
  • Base interest rate for balances above S$50,000​

jack table

To unlock higher interest rates, Jack can transact in one more category. By investing S$100 a month, Jack transacts in 2 categories and his interest rate increases from 1.50% p.a. to 1.80% p.a.​


Say hello to Sarah. She’s a working adult who credits her salary and dividends totalling S$16,500 into her DBS/POSB savings account and is transacting in three categories.

Sarah’s total eligible transactions of S$28,500 earn a bonus interest of 2.50% p.a. on the first S$100,000 balances in her DBS Multiplier Account.​

sarah table

Sarah needs to increase her monthly eligible transaction amount to S$30,000 or more to move on to the next tier of interest rates.

For example, Sarah increases her credit card spend to S$4,000 for a holiday, increasing her monthly eligible transactions to S$30,500. Now she earns 4.10% p.a. on her first S$100,000 balances.

Option 2: Salary / Dividends / SGFinDex and PayLah! Retail Spend

Earn 0.55% p.a. on first S$10,000 balances when you credit your Salary/Dividends and any PayLah! Retail Spend, adding up to S$500 or more every month.

You can connect SGFinDex to NAV Planner if you are unable to credit your salary or dividends.

William receives S$630 monthly allowance credited to his DBS/POSB savings account and has DBS PayLah! Retail Spend of S$100.

With S$5,000 in his Multiplier Account and a total eligible transaction of S$730, he qualifies for interest of

  • 0.55% p.a. for the first $10,000 in his Multiplier Account and
  • Base interest rate for balances above S$10,000.

As a driver, Dave earns S$800 a month which is credited to his DBS/POSB savings account and spends S$100 on DBS PayLah! retail spend.

With S$5,000 in his DBS Multiplier Account and a total eligible transaction of S$900, he qualifies for interest of

  • 0.55% p.a. for the first S$10,000 in his Multiplier Account and
  • Base interest rate for balances above S$10,000

Option 3: PayLah! Retail Spend (29 years old and below with no eligible income)

Earn 0.40% p.a. on first S$10,000 balances with any PayLah! Retail Spend only.

This is Andrea. She’s 21 years old, full-time student and spends S$100 through DBS PayLah! Scan and Pay.

With S$4,000 in her Multiplier Account and a total eligible transaction of S$100, she qualifies for interest of

  • 0.40% p.a. for the first S$10,000 in her Multiplier Account and
  • Base interest rate for balances above S$10,000.

Andrea will increase her interest rate from 0.40% p.a. to 0.55% p.a. when she credits her income through internships, part-time work or collecting dividends, if her monthly eligible transactions amount add up to S$500 or more a month.

 

Documents Required for Account Opening

Refer to the documents required for account opening before you proceed.

 

Apply now

Open a Multiplier Account instantly on digibank app

Singaporeans, Permanent Residents, and Foreigners (EP/SP/DP /Long Term Visit Pass/Student Pass) can open a personal My Account instantly with Singpass.

     

 

Register for Singpass here

Your Singpass should be ready to use once your Personal details are displayed in your Singpass mobile app.

Pro tip: Select Face Verification for instant registration.

For foreigners: Have your FIN number and Singapore (+65) mobile number ready.

Unable to register for Singpass

On digibank app, select “Continue without Singpass” and upload the supporting documents.

 

Other Services

 

FAQ & Eligible Transactions

How do I apply for DBS Multiplier Account online?

You can apply for DBS Multiplier Account via the digibank app.

For new DBS/POSB customers
Below are 3 simple steps on how you can open your account instantly

  1. Register for Singpass if you have not done so. Click here to register.
     
  2. Download the digibank app from your App store
         

  3. Apply for your account using Singpass, upload your passport (for Malaysian, upload front and back of your Malaysian IC) and your account will be opened instantly.

For existing customers with digibank access
All you need to do is log in and refer to the following guided steps:

Digibank Online

To apply for a new DBS Multiplier Account:

  • Select Apply > Deposit Accounts > DBS Multiplier Account > Instant Apply OR
  • Request > Opt-in Bank & Earn Programme

Digibank App

To apply for a new DBS Multiplier Account:

  • Login to your digibank app, tap on ‘More’ followed by ‘Deposit Account’ and tap on ‘DBS Multiplier Account’.

For account opening between Mondays to Sundays (including Public Holidays), 7am to 10.30pm or on the last day of the month between 7am to 8pm, the account will be opened instantly. Beyond these periods, account opening will take 2 working days.

Can I convert my existing DBS/POSB account to Multiplier Account?​

You can convert your existing personal DBS Autosave or DBS Multi Currency Account (joint account not allowed) to DBS Multiplier Account:​

  • Select Request > More Requests > Request for DBS Autosave Account Conversion

  • You must be at least 18 years of age.
  • No initial deposit required.
  • 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, or
    • DBS Multiplier is your first DBS/POSB account (online applications only).
  • Early account closure fee of S$30 applies if account is closed within 6 months.

When will I receive my interest?

Bonus interest rates are applicable to the daily SGD balance in your DBS Multiplier Account, up to the first S$100,000. Any amount over and above this will be accorded the base interest for that month. Interest is credited in 2 parts:

  • Base interest: Credited on last calendar day of the month
  • Bonus interest at the higher interest rate (which is the higher interest rate less the base interest rate): Credited by the 7th working day of the following month

If your transactions do not meet the criteria, the SGD balance in your DBS Multiplier Account will be accorded the prevailing base interest rate for that month.


You can qualify with any of the following: ​

Salary Credit to any DBS/POSB Deposit Account​

  • Credit your salary into your DBS/POSB account via GIRO with transaction code ‘SAL’ or ‘PAY’. The main description in your Statement is “Salary” or “GIRO Salary”.​

Email your HR to credit your salary with DBS today.​

Dividends Credit

  • Credit your dividends into your DBS/POSB account, DBS Wealth Management Account, Supplementary Retirement Scheme (SRS) Account or CPF Investment Account (CPFIA)​
  • Eligible dividends include Central Depository Pte Ltd (CDP), DBS Vickers Securities, DBS Online Equity Trading (OET), DBS Unit Trusts, DBS Online Funds Investing and DBS Invest-Saver​

Switch your dividend credit to DBS today.​

Connect SGFinDex to NAV Planner

  • Link and share financial information from your other banks, insurance, SGX Central Depository (CDP) account and government accounts (CPF, HDB and IRAS) with SGFinDex and request for information retrieval of the linked accounts through DBS NAV Planner monthly.

Find out more about SGFinDex here.


Spend with any DBS/POSB personal credit card(s)

  • Eligible credit card spend consists of retail and cash advance transactions posted within the calendar month. Reversals/credits/refunds posted will offset eligible credit card spend.
  • Eligible credit card spend across main cards & supplementary cards are accorded to the main cardholder.

Find out more about DBS Credit Cards here.


  • Valid for new and existing DBS/POSB home loan, for new home purchase or refinancing from another bank/HDB.​
  • The monthly instalment due (both cash and CPF included) on your DBS/POSB home loan(s) are included in the eligible transaction.
  • The first 3 joint borrowers will be accorded the full monthly instalment amount due as eligible transaction.

Find out more about DBS Home Loans here.


Multiplier recognises all Manulife Regular and Single Premium insurance policies distributed by DBS/POSB. No minimum premium amount required.

Regular Premium Policy

  • Valid for new regular premium policy purchased after Multiplier Account is opened. ​​
  • The recognition of the monthly premium (i.e. Annualised premium/12) starts 1 month after policy inception and continues for 12 consecutive months as long as policy is in ​​force.

Single Premium Policy

  • Valid for new single premium policy purchased with cash or SRS after Multiplier Account is opened. The purchase date is based on policy sign date.​​
  • The monthly premium amount will be calculated by dividing the single premium amount by 120. Recognition starts 1 month after policy inception and continues for 12 consecutive months as long as policy is in force.​​

Want to know more?

Chat with our friendly Wealth Planning Managers now. (This chat service is available from 9am to 6pm on Mon to Fri, excluding Public Holidays.)

Live Chat

Alternatively, you may leave your contact details and we will get in touch soon.

Contact Me


Unit Trust Lump-sum Investment

  • Valid for new Unit Trust lump-sum or Online Funds Investment purchased with cash, CPF or SRS after Multiplier Account is opened.​
  • The investment amount will be recognised post settlement date.​

Find out more about Unit trust lump-sum investments here.​

DBS Invest-Saver

  • Valid for new DBS Invest-Saver purchased after Multiplier Account is opened​
  • The monthly investment amount will be recognised for the first 12 consecutive months per fund​

Find out more about DBS Invest-Saver here.​

Online Equities Trade

  • Valid for "BUY" equity trades with cash, CPF or SRS via DBS Vickers Online Trading or DBS Online Equity Trading after Multiplier Account is opened.​
  • The investment amount will be recognised post settlement date.​

Find out more about online equities trade here.​

digiPortfolio

  • Valid for new digiPortfolio purchased after Multiplier Account is opened​
  • Minimum qualifying amount is S$1,000 transaction​
  • The investment amount will be recognised post settlement date​

Find out more about digiPortfolio here.​

Bonds & Structured Products

  • Valid for new Bonds & Structured Products purchased after Multiplier Account is opened​
  • Eligible products include Bonds (excludes Singapore Savings Bonds and Singapore Government Securities), Structured Deposit, Currency Linked Investments and Structured Notes.​
  • The investment amount will be recognised post settlement date.​

Find out more about Bonds & Structured Products here.

Join our Online Community

On the lookout for tips to multiply your savings? Want to join like-minded, financially savvy people to learn, share and grow together? Join us today!

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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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