DBS Multiplier Account

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Rating: 4.0/5.0 (1 Reviews)
Interest Rate Up to 3.65%
Min. Deposit $0
Review on DBS Multiplier Account

High interest rate

No minimum monthly salary credit or credit card spend

High 3.65% p.a. interest for accounts with min. $30,000 transaction amount


Higher interest rates subjected to fulfilling at least 1 transaction from specific categories

Unlikely to fulfill transactions from 3 categories to receive highest interest rate possible

Low minimum deposit cap of $25,000 for Income + 1 category

Low 0.05% p.a. base interest rate


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


Interest 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 1.55% p.a. 1.80% p.a. 2.00% p.a.
$2.5k to <$5k 1.85% p.a. 2.00% p.a. 2.20% p.a.
$5k to <$15k 1.90% p.a. 2.20% p.a. 2.40% p.a.
$15k to <$30k 2.00% p.a. 2.30% p.a. 2.50% p.a.
$30k & above 2.08% p.a. 3.50% p.a. 3.80% p.a.


^ Income includes salary and dividends from CDP (previously under investments) via Giro


Earn higher interest on the first $100,000 in this account, with no lock-in period. Highest effective interest rates is 3.65% p.a

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

Interest rates on your DBS Multiplier Account balances is based on total transaction amount that includes your salary 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)



Open an account and maintain same average daily balance for a 6-month period and receive $8 for every $1,000 fresh funds deposited (Until 29 Feb 2020)

Enjoy up to $260 cashback when you sign up for a DBS / POSB Credit Card and DBS Multiplier Account. Enter ‘CCMULTIPLY’ in the promo code field in your online credit card application and charge a minimum spend of $800 on your credit card within the first 60 days from card approval to qualify (Until 31 Mar 2020)


Click here to go to DBS website for more details

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