2.08% DBS Multiplier Programme Details:
If your regular banking with us adds up to S$7,500 per month, you’re eligible to earn higher interest.
The higher interest earned will be paid on the first S$50,000 in your Multiplier Account
No lock-in period
Total monthly banking with DBS or POSB Interest Rate (p.a.)1
Less than S$7,500 0.0005
S$7,500 to less than S$10,000 1.08%
S$10,000 to less than S$12,500 0.0128
S$12,500 to less than S$15,000 0.0148
S$15,000 to less than S$20,000 0.0168
S$20,000 and above 0.0208
1Remaining 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.
Effective from 1 Oct 2014, the interest rate of this tier is revised from 0.98% p.a. to 1.08% p.a.
What are the fees and charges under the DBS Multiplier Account?
(i) 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). Please note though, that fall below fee is not applicable in the month of account opening.
(i) No monthly account fee
(ii) Early account closure fee of S$30 will be charged if account is closed within 6 months.