Savings Accounts

DBS Multiplier Programme

Every relationship should be this rewarding.

DBS Multiplier Programme

Multiply your returns when you bank with us. Enjoy a higher interest of up to 2.68% p.a. with DBS Multiplier. Simply fulfil any of these five transaction categories:

Programme Details

The five transaction categories include:

Salary Credit

Credit your salary to any DBS/POSB deposit account.

Salary credit must be credited via GIRO, using transaction reference codes of SAL or PAY. This will be reflected as either GIRO Salary or Salary under the main transaction description in your Statement of Account.

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Credit Card Spend

Spend with any DBS/POSB personal credit cards.

Your monthly spend shall consist of retail and cash advance transactions posted within the 1st and last calendar day of the month.

Eligible transactions across main cards and supplementary cards are accorded to the main cardholder.

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Home Loan Instalments

Apply for our home loan packages or refinance your loan from other banks to us.

Monthly instalment(s) due on your home loan(s) with DBS/POSB will be recognised, with cash and Central Provident Fund (CPF) components included. Contact us if you're looking for a home loan, and our specialists will contact you shortly.

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Apply for any of the selected regular premium policies via DBS/POSB.

Purchase any of the following regular premium policies after you join the DBS Multiplier Programme: ManuProtect Term (Level & Convertible), ManuProtect Decreasing Lite, ManuProtect Decreasing, ManuEdu First, ManuRegular Payout, ManuRetire, ManuSmart Choice, ManuProtect MoneyBack, ManuProtect Life, ManuProtect Term (Renewable & Convertible), ManuFlexi Growth or RetireReady.

Monthly premium amount due on in-force policies past free-look/cancellation period will be recognised for the first 12 consecutive months.

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  • Credit your dividends from Central Depository Pte Ltd (CDP) to any DBS/POSB deposit account.

    Dividends must be credited via GIRO, from CDP.

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  • Purchase a Unit Trust via DBS/POSB (lump sum investment or regular savings plan).

    • Purchase a Unit Trust Lump Sum Investment after you join the DBS Multiplier Programme. The investment amount will be recognised after free-look/cancellation period.
    • Purchase a Unit Trust Regular Savings Plan or POSB InvestSaver after you join the DBS Multiplier Programme. Monthly contribution amount will be recognised for the first 12 consecutive contributions per investment fund.
    • The purchase(s) must be made in cash, not using funds from your CPF or Supplementary Retirement Scheme account (SRS).

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  • Trade in equities online via DBS.

    • Fully settled "BUY" equity trades purchased via Vickers Online Trading (VOiB), Vickers Pure Online, Vickers TR Link Cash Up Front or DBS Treasures Online Equity Trading platform will be recognised.
    • For transactions via DBS Vickers online trading platforms, only the primary account holder will be accorded the transaction amount.

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Be rewarded with up to 2.68% p.a. when you bank with us

  • Enjoy higher interest rates in 2 simple ways:
    1. Increase your total monthly transaction amount, and/or
    2. Transact in 3 categories or more
  • 1.08% to 2.68% p.a. is enjoyed on the first S$50,000 in your DBS Multiplier Account.
 Interest Rate (p.a.)2
Total monthly transactions1SET 1
If you transact in 2 categories or less
If you transact in 3 categories or more
< S$7,5000.05%0.05%
S$7,500 to < S$10,0001.08%1.68%
S$10,000 to < S$12,5001.28%1.88%
S$12,500 to < S$15,0001.48%2.08%
S$15,000 to < S$20,0001.68%2.28%
S$20,000 and above2.08%2.68%

The Multiplier Calculator

Find out how much interest you can earn.

Calculate now

Useful account features

  • A single personal account complete with iBanking and eStatements (without cheque facility).
  • Track your finances with a monthly overview of your eligible transactions provided in your Multiplier Account statement.
  • Manage your FX exposure with this all-in-one multi-currency account. Save and transact in SGD and up to 12 foreign currencies3.

Eligibility & Fees

  • At least 18 years of age
  • No initial deposit required
  • No monthly account fees
  • Fall-below fee of S$5 will be charged if average daily balance falls below S$3,000 (based on total SGD equivalent of SGD & foreign currency balances)
  • Early closure fees of S$30 (if account is closed within 6 months)

If you have a Savings or Current account with us, apply online instantly# today:

Login with iBanking    Login with ATM/Debit Card & PIN

New to DBS/POSB? Get started here in just a few steps:

Apply now

Have a question, or need help with your application?

Drop us a message and we'll have our friendly Relationship Managers get in touch shortly.

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DBS Multiplier Programme terms and conditions

DBS Multiplier Programme FAQs

1 If your total monthly transactions amount is less than S$7,500, the S$ balances in your DBS Multiplier Account will be accorded the prevailing interest rate for that month.
2 Higher interest rates will only apply for the first S$50,000 balance in your Multiplier Account. Remaining S$ balance will be accorded the prevailing interest rate for that month. Higher interest will be credited in 2 parts:
(i) base interest at our prevailing interest rate, calculated on daily balances will be credited at month end, and
(ii) preferential interest at the preferential interest rate (which is the higher interest rate less the prevailing interest rate) based on the sum of your eligible transactions with us, calculated on daily balances, by the 7th working day of the following 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.
#Your account will be opened instantly if your application is made on Monday to Sunday between 7am and 10.30pm, or on the last calendar day of the month between 7am and 8pm, and you can start performing transactions on the account immediately. For application made after these hours, the account will be opened within 2 working days.

Interest Rates
Interest  Rates

Check the latest interest rates for Multiplier account here.

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