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DBS Multiplier Account

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Rating: 4.0/5.0 (1 Reviews)
Interest RateUp to 3.00%
Min. Deposit $0

DBS Multiplier Account Review


High interest rate

High 3.00% p.a. interest for accounts with min. $30,000 transaction amount

Ideal for borrowers with DBS home loan or investors with DBS Vickers


Higher interest rates subjected to fulfilling at least 2 transactions from specific categories

Low minimum deposit cap and interest rates for Income + 1 category

Most likely earning interest rate of 1.00% p.a. on first $25k if you don't invest, insure or borrow from DBS

Unlikely to fulfill transactions from 3 categories or have $30k eligible transactions to receive highest interest rate possible

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Deposit Details DBS Multiplier Account Interest Rates

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

No foreign exchange fees when you transact directly from your foreign currency wallets


Deposit Interest Rates DBS Multiplier Account Interest Rates Computation

  Income + 1 Category (1st $25k) Income + 2 Category (1st $50k) Income + 3 Category (Next $50k)
Below $2k 0.05% p.a. 0.05% p.a. 0.05% p.a.
$2k to <$2.5k 0.90% p.a. 1.20% p.a. 2.00% p.a.
$2.5k to <$5k 0.90% p.a. 1.30% p.a. 2.20% p.a.
$5k to <$15k 1.00% p.a. 1.40% p.a. 2.40% p.a.
$15k to <$30k 1.00% p.a. 1.50% p.a. 2.50% p.a.
$30k & above 1.10% p.a. 2.50% p.a. 3.50% p.a.


^ Income includes salary and dividends from CDP via Giro


Earn higher interest on the first $100,000 in this account, with no lock-in period. Highest effective interest rates is 3.00% p.a.

Deposits in excess of $100,000 will earn interest according to the prevailing base interest rate for that month

Dividends from CDP may be credited into personal or joint DBS / POSB savings / current accounts, DBS wealth management account, supplementary retirement scheme (SRS) account or CPF investment account (CPFIA)


Earn higher interest on Multiplier Account balances through one of these 3 Options


Option 1

Interest rates on your DBS Multiplier Account balances is based on total transaction amount that includes your Income and transaction amount in 1 or more categories


The 4 categories include (excluding Income which is a pre-requisite to earn higher interest)

Spending with any DBS Credit Cards or POSB Credit Cards

Home loan installments with DBS home loan or POSB home loan

Monthly insurance premiums with DBS or POSB

Investing with DBS or POSB via unit trusts or DBS Vickers Online (Excluding dividends which will be qualified under Income category instead)


Option 2

Income and PayLah! retail spend that add up to $500 or more every month


Option 3

PayLah! retail spend with no minimum spend required (29 years old and below only)


Click here to go to DBS website for more details

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1 Reviews
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4.0/5.0 (1)
4.0/5.0 (1)

DBS Multiplier Account Review

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