At a Glance

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. Here's how:​

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.

 

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.

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

Salary/Dividends/SGFinDex and PayLah! retail spend, adding up S$500 or more every month.​

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

Transact with PayLah! for retail spend with no minimum spend required.




 

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

Transact in more categories and increase your monthly eligible transaction amount to earn higher interest rates.

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​

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.​


Philip is a retiree. He receives dividends of S$5,100 credited to his DBS Account and transacts in two categories.

With Philip’s total eligible transaction of S$6,800, he qualifies for interest of:​

  • 1.80% p.a. for his first S$100,000 and​
  • Base interest rate for balances above S$100,000​

In order for Philip to earn higher bonus interest on his Multiplier Account, he can pick up another eligible product category such as investments.​


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 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.​

 

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).

When will I receive my interest?

The interest is credited into your DBS Multiplier Account in 2 parts:

  • Base interest: Credited on the last calendar day of the month
  • Bonus interest (if any): Credited by the 7th working day of the following month

How is the interest calculated?

  • Your full month’s eligible transactions are totalled up to determine your bonus interest rate(s).
  • Bonus interest rate applies only to end-day SGD balances up to the applicable balance cap(s).
    • Interest earned for each balance tier is calculated and rounded off to the nearest 4 decimal places.
    • Each day’s interest earned is summed up and rounded off to the nearest 2 decimal places.
    • The entire month’s interest is then summed up.

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

  • Connect and share financial information from your other banks, 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.


Insurance (Recognised for the first 12 consecutive months)

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.
  • Eligible regular premium policies:
    • CancerCare​​
    • Critical SelectCare​​
    • eCriticalCare​​
    • eDecreasingTerm​​
    • LifeReadyPlus (II)​​
    • Manulife GrowSecure​​
    • Manulife IncomeGen​​
    • Manulife SmartRetire(IV)​​
    • Manulife SmartWealth(II)​​
    • Manulife Spring (II)​​
    • ManuProtect Decreasing (II)​​
    • ManuProtect Decreasing Lite (II)​​
    • ManuProtect Term (II)​​
    • ManuProtect Term Lite (II)​​
    • ProtectFirst
    • Ready LifeIncome(II)​​
    • ReadyBuilder(II) – Regular Premium​​
    • RetireReadyPlus (III) – Regular Premium​​
    • RetireSavvy​​
    • SavvySpring(II)​​
    • TermProtect​​
    ​​

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.​​
  • Eligible single premium policies:​​
    • Heirloom (VII)​​
    • Manulife Goal Series
    • ReadyBuilder(II) ​​
    • RetireReadyPlus (III) ​​
    • RetireSavvy ​​
    • SavvyEndowment Series​​
    • Signature Income Series​​
    • Signature Indexed Universal Life (II)​​
    • Signature Indexed Universal Life Select​​
    • Signature Life Series​​
    • Signature Lifetime Rewards
    • Signature Wealth​

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.

 

Features & Benefits

 

Apply now

New to DBS? Open a Multiplier Account on digibank app

     

All Singaporeans, Permanent Residents, and Foreigners (EP/SP/DP /Long Term Visit Pass/Student Pass) can open a personal My Account instantly on the digibank app using Myinfo with Singpass.

Do not have Singpass?

Register online here.

Pro tip: Select Face Verification for instant registration.

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

Important: Your Singpass should be up and ready to use the next day for new account application on your digibank app.


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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Note:
  1. Bonus interest rates are applicable to the 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:

    1. Base interest, calculated on daily balances will be credited at month end, and

    2. Bonus interest at the higher interest rate (which is the higher interest rate less the prevailing base interest rate) calculated on daily balances, will be credited by the 7th working day of the following month.

  2. 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.

  3. Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses. Such accounts may also be subject to exchange controls imposed on the currency held.​

  4. Service charge is waived for DBS Multiplier Account holders up to 29 years old, effective from May 2018 onwards.



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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