0.05%

Base Interest Rate p.a.

3.8%

Max. Interest Rate p.a.

^S$3,000

Min. Balance

All Details

• Key Features

  • No minimum salary credit

  • DBS Multiplier Account is a deposit account with a base interest rate of 0.05% per annum

  • Bonus interest rates: 1.40% to 3.80% per annum. DBS Multiplier Account 2020 interest rates have been updated as of 1 August 2020

  • To enjoy bonus interest rates, you need to credit your salary or dividends via GIRO to any DBS/ POSB deposit account that you hold, and transact a minimum of S$2,000 on any DBS/ POSB credit card you hold, DBS/ POSB home loan monthly instalments, DBS/ POSB insurance regular monthly premium, or DBS investments. Your bonus interest rate increases if you transact in more of the above categories

  • Bonus interest rates for 29-year-olds and below: Credit your income and spend above S$500 via PayLah! to qualify for 0.30% bonus interest rates on your PayLah! retail spend

  • DBS Multiplier 2020 interest rate updates: As of 1 August 2020, interest rates have been revised for DBS Multiplier account holders with transactions in 1 and 2 categories. Refer to Bonus Interest Rate tab below to see the change in interest rates

  • Students, NSF, self-employed, salaried or retired individuals are eligible to apply

Income

Salary Credit
– Base interest rate	0.05% interest per annum
– DBS Multiplier bonus interest	Calculated based on your deposit amount, transaction amount, and transaction categories. Bonus interest rates may range from 0.70% to 3.80% per annum. You can check your DBS mobile app or ibanking website to check your interest tier
– Bonus Interest Rates Qualification	You can either credit your salary or dividends via GIRO to any DBS/ POSB deposit account that you hold to qualify
– Salary credit	Credit your salary or dividends via GIRO with reference codes “SAL” or “PAY” to any DBS/ POSB deposit account that you hold
– Dividends credit	Credit eligible dividends to any of your personal or joint DBS/ POSB savings, current, wealth management, retirement accounts via GIRO
– Dividends updates (2020)	Eligible dividends now includes dividends from CDP, all markets of DBS Vickers, all markets of DBS Online Equity Trading, DBS Unit Trusts, DBS Online Funds Investing, and DBS Invest Saver
– Dividends crediting updates (2020)	Eligible dividends can now be credited to not only your DBS/ POSB savings or current accounts, but also Supplementary Retirement Scheme (SRS) accounts, and CPF Investment Accounts (CPFIA)

Credit Card Spend

Spend Rewards
– Transactions	Spend on your DBS/ POSB credit cards to be eligible for bonus interest rates
– Retail Spend	Credit card retail spend is considered as 1 DBS Multiplier Account transaction category
– Eligibility	Retail spend from supplementary cards will be contributed to main cardholder’s eligible spend

Home Loan

Housing Loan
– Loan Repayment	Finance or refinance your home loan via DBS/ POSB residential loans. Monthly instalments due (including cash and CPF) will be considered eligible transactions, qualifying you for DBS Multiplier Account bonus interest rates. Valid for both new and existing DBS/ POSB home loan clients
– Eligibility	Full monthly instalment amount of the home loan will be awarded to first 3 joint borrowers’ DBS Multiplier accounts as eligible transactions qualifying for bonus interest rates

Insurance

Insurance Premium
– Insurance payment	After opening your DBS Multiplier account, purchase any eligible regular premium policies. Monthly premiums will be considered as eligible transactions qualifying for bonus interest rates
– Eligible Regular Premium Policies	CancerCare, Critical SelectCare, LifeReady Plus ManuEdu First, Manulife SmartRetire, ManuProtect Term (II), Ready LifeIncome, ReadyBuilder
– Eligible DBS insurance	If you own any existing DBS/ POSB insurance, the regular monthly premiums will not be eligible. Only new DBS/ POSB regular policies purchased after your DBS Multiplier account has been set up will be eligible
– Bonus Interest Period	Only the first 12 months of your eligible regular premium policy will qualify for DBS Multiplier account bonus interest rate

Investments

Investing
– Eligible DBS investments	DBS Invest-Saver, Unit Trust lump sum, and DBS Vickers or DBS Online Equity Trading online equity trades purchased after your DBS Multiplier Account has been opened
– DBS InvestSaver	Amount contributed monthly to your DBS Invest-Saver Unit Trusts (UT) or Exchange Traded Funds (ETFs) will only qualify for DBS Multiplier account bonus interest for the first 12 consecutive cash contributions per fund. CPF or SRS contributions do not qualify
– DBS/ POSB Unit Trust	Lump sum or online funds investments have to be purchased after you open your DBS Multiplier account. Only cash contributions after the free-look or cancellation period will qualify for DBS Multiplier bonus interest rates for 1 month
– DBS Vickers or Online Equity Trading	Only fully settled “buy'' equity trades via cash or SRS will qualify for DBS Multiplier bonus interest rates for 1 month after the settlement month.

Eligibility

Citizenship Status	Singaporeans, PRs and Foreigners
Minimum Initial Deposit	S$0
No Minimum Initial Deposit

Fees and Charges

Minimum Average Monthly Balance	S$3,000
Fall Below Fee	S$5
Waived for those under 29 years old.
Monthly Account Fee	N/A
ATM Withdrawal Charges	N/A
Cash Deposit Fee	N/A
Counter Withdrawal Fee	N/A
Passbook Replacement Fee	N/A
Incidental Overdraft Charge	N/A
Other Fees (if any)	N/A

Other Features

No. of ATMs Available	Wide coverage of ATM islandwide (>2,000)
Online Banking
Cashback Rate	N/A

Interest Rate

Base Interest p.a.	0.05%
Credited to your account on the last calendar day of the month
Max. Interest p.a.	3.8%

Bonus Interest Rate

Salary Credit + 1 transaction category	Up to 1.30% p.a.
Below S$2,000	0.05% p.a.
S$2,000 – S$2,500	0.70% p.a.
S$2,500 – S$5,000	0.90% p.a.
S$5,000 – S$15,000	1.10% p.a.
S$15,000 – S$30,000	1.20% p.a.
S$30,000 and above	1.30% p.a.
Note	Bonus interest rates stated above will only be applied to the first S$25,000 in your DBS Multiplier account
Salary credit + 2 transaction category	Up to 2.80% p.a.
Below S$2,000	0.05% p.a.
S$2,000 – S$2,500	1.30% p.a.
S$2,500 – S$5,000	1.50% p.a.
S$5,000 – S$15,000	1.80% p.a.
S$15,000 – S$30,000	1.90% p.a.
S$30,000 and above	2.80% p.a.
Note	Bonus interest rates stated above will only be applied to the first S$50,000 in your DBS Multiplier account
Salary credit + 3 transaction category	Up to 3.80% p.a.
Below S$2,000	0.05% p.a.
S$2,000 – S$2,500	2.00% p.a.
S$2,500 – S$5,000	2.20% p.a.
S$5,000 – S$15,000	2.40% p.a.
S$15,000 – S$30,000	2.50% p.a.
S$30,000 and above	3.80% p.a.
Note	Bonus interest rates stated above will only be applied to S$50,000 – S$100,000 in your DBS Multiplier account and will be credited by the 7th working day of the following month
Note	All Bonus Interest Rates are add ons to the Base Interest Rates

Policy Material

FAQ Document	Read More