Higher interest rates
- The higher interest earned will be paid on the first S$50,000 in your DBS Multiplier Account
- No lock-in period
- Personal account without cheque facility
| Total Monthly Banking | Interest Rate (p.a.)* |
|---|---|
| <S$7,500 | 0.05% |
| S$7,500 to <S$10,000 | 1.08%ˆ |
| S$10,000 to <S$12,500 | 1.28% |
| S$12,500 to <S$15,000 | 1.48% |
| S$15,000 to <S$20,000 | 1.68% |
| S$20,000 and above | 2.08% |
^Effective from 1 Oct 2014, the interest rate of this tier is revised from 0.98% p.a. to 1.08% p.a.
Fees
- 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)
Eligibility
- At least 18 years of age
- No initial deposit required
Additional benefits
- Manage your finances better with a monthly overview of your total cash flow
- Grow your money as you receive regular reviews and advice, on request
- Better manage your foreign exchange exposure as you can save and transact in Singapore dollars and multiple foreign currencies+
Terms & Conditions
#
Remaining balance over and above the first S$50,000 will be accorded the prevailing base interest rate for that month. Higher interest will be credited in 2 parts: (i) base interest at our prevailing base interest rate calculated on daily balances will be credited at month end, and (ii) the remaining preferential interest, calculated as the nett of the higher interest rate and the prevailing base interest rate, based on the sum of your eligible cash flows with us, by the 7th working day of the following month.
+
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.
