Money Lobang

DBS Multiplier Account

like-icon 9 people like this
Rating: 4 Stars4.0/5.0 (1 Reviews)
Interest RateUp to 4.10% Attribute
Min. Deposit $0 Attribute

Last updated on 2023-08-02

DBS Multiplier Account Review

Pros Pros

High interest rate

High 4.10% p.a. interest for accounts with min. $30,000 transaction amount

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

Cons Cons

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

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

Most likely earning interest rate of 1.80% p.a. on first $50k 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

Sponsored Links

  KKDay Hotels & Tours Sale
  10% off Promo Codes

  Nature at doorstep, 5m walk to Cashew MRT
  10m walk to Bukit Panjang Integrated Hub & MRT
  Get official Brochure and updated Pricelist

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 $50k) Income + 2 Category (1st $100k) Income + 3 Category (1st $100k)
$500 to <$15k 1.80% p.a. 2.10% p.a. 2.40% p.a.
$15k to <$30k 1.90% p.a. 2.20% p.a. 2.50% p.a.
$30k & above 2.20% p.a. 3.00% p.a. 4.10% 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 4.10% 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)


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 or PayLah!

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)


Depositors that are 29 years old and below without an income only can still earn bonus interest of 1.50% p.a. on first $50,000 balance with any Credit Card or PayLah! Retail Spend


Click here to go to DBS website for more details

Add Review (* Required information)


Min 20 characters

captcha Reload Image

Verification Code *

1 Reviews
(Not all reviews shown on page. Search or Sort reviews to find review)
4.0/5.0 (1)
4.0/5.0 (1)

DBS Multiplier Account Review

Search Reviews:
Sort By :
No data found