At a Glance

The easier way for you, you, you and you to multiply your money.

Higher interest rates of up to 3.00% p.a.

Multiply your money now with higher interest rates of 0.30% - 3.00% p.a. on bigger savings up to S$100,000.

No minimum amount required

Start earning higher interest when you transact with no minimum amount required across your DBS/POSB products.

Now everyone can multiply!

Regardless if you are a student, NSF, self-employed, salaried or a retiree, you can multiply easily and grow with the Multiplier Account.

Apply now


How it works

Everyone can earn higher interest on Multiplier Account balances through ONE of these ways:

Option 1. Income and Transactions in Credit Card / Home Loan / Insurance / Investment

Earn higher interest on Multiplier Account balances when your eligible DBS/POSB transactions add up to S$2,000 or more every month.

Option 2. Income and PayLah! Retail Spend [New]

Credit your income and transact with PayLah! for retail spend, adding up to S$500 or more.
Learn More

Option 3. PayLah! Retail Spend (29 years old and below with no eligible income) [New]

Transact with PayLah! for retail spend with no minimum spend required.
Learn More


Option 1. Income and Transactions in Credit Card / Home Loan / Insurance / Investment

Transact in more categories and increase your monthly eligible transaction amount to earn higher interest rates.

Meet Jack. He’s a first jobber who credits his monthly salary of S$3,500 into his DBS/POSB savings account and transacts in one category.

With Jack’s current balance of S$30,000 in his DBS Multiplier Account and a total eligible transaction of S$3,700, he qualifies for an interest of:

  • 0.40% p.a. for his first S$25,000 and
  • Prevailing base interest rate for the balances above S$25,000

To unlock higher interest rates he needs to transact in more categories.

For example, Jack adds on S$100 investment a month, bringing his total eligible transactions to S$3,800 a month. His interest rate increases from 0.40% p.a. to 0.70% p.a.

Philip is a retiree. He receives dividends of S$5,100 credited to his DBS Account and transacts in two categories.

With Philips’s current balance of S$55,000 in his DBS Multiplier Account and a total eligible transaction of S$6,800, he qualifies for interest of:

  • 0.80% p.a. for his first S$50,000
  • Prevailing base interest rate for the balances above S$50,000

In order for Philip to earn higher interest for his remaining balance of S$5,000, he needs to pick up another eligible product category.

Say hello to Sarah. She’s a working adult who credits her salary and dividends totalling S$16,500 into her DBS/POSB savings account and is transacting in three categories.

Sarah’s balance of S$100,000 in her DBS Multiplier Account and total eligible transactions of S$28,500 earn her interest of:

  • 1.00% p.a. for her first S$50,000
  • 1.70% p.a. on the next S$50,000

Sarah needs to increase her monthly eligible transaction amount to S$30,000 or more to move on to the next tier of interest rates.

For example, Sarah increases her credit card spend to S$4,000 for a holiday, increasing her monthly eligible transactions to S$30,500. Now she earns 2.00% p.a. on her first S$50,000 and 3.00% p.a. on the next S$50,000 balance.


Eligible Transactions

Salary Credit to any DBS/POSB Deposit Account

  • Salary must be credited via GIRO, using transaction reference codes 'SAL' or 'PAY'. Main transaction description in Statement of Account is either 'GIRO Salary' or 'Salary'.​
  • Salary can be credited into any of your personal or joint DBS/POSB SGD-denominated savings/ current accounts.

Dividend Credit to any DBS/POSB Deposit Account

  • Eligible dividends: Central Depository Pte Ltd (CDP), DBS Vickers Securities, DBS Online Equity Trading (OET), DBS Unit Trusts, DBS Online Funds Investing, DBS Invest-Saver.
  • Dividends must be credited into any of your personal or joint DBS/POSB savings/current accounts, DBS Wealth Management Account, Supplementary Retirement Scheme (SRS) account and CPF Investment Account (CPFIA).

Spend with any DBS/POSB personal credit card(s)

  • Eligible credit card spend consists of retail and cash advance transactions posted within the calendar month. Reversals/credits/refunds posted will offset eligible credit card spend.
  • Eligible credit card spend across main cards & supplementary cards are accorded to the main cardholder.

  • Valid for new and existing DBS/POSB home loan, for new purchase or refinancing from another bank/HDB.
  • The monthly instalment due (both cash and CPF included) on your DBS/POSB home loan(s) are included in the eligible transaction.
  • The first 3 joint borrowers will be accorded the full monthly instalment amount due as eligible transaction.

  • The first 12 months of your regular premium policy will be recognised for higher interest on your Multiplier Account balance. ​
  • Regular premium due will be recognised once the policy is in-force, after the free-look/cancellation period.​
  • Purchase any of the following regular premium policies after opening your Multiplier Account:​
    • CancerCare
    • Critical SelectCare
    • eCriticalCare
    • eDecreasingTerm
    • LifeReady Plus (II)
    • Manulife SmartRetire (III)
    • Manulife SmartWealth (II)
    • Manulife Spring (II)
    • ManuProtect Decreasing (II)
    • ManuProtect Decreasing Lite (II)
    • ManuProtect Term (II)
    • ManuProtect Term Lite (II)
    • Ready LifeIncome (II)
    • ReadyBuilder (II) – Regular Premium
    • RetireReady Plus (III) – Regular Premium
    • SavvySpring (II)
    • TermProtect

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DBS Invest-Saver (Recognised for the first 12 consecutive months)

  • Valid for new DBS Invest-Saver purchased after opening your Multiplier Account.
  • The monthly contribution amount of Invest-Saver plan for Unit Trusts (UT) or Exchange Traded Funds (ETF) will be recognised for the first 12 consecutive contributions per investment fund.
  • Contribution must be made in cash, not using funds from your CPF or Supplementary Retirement Scheme (SRS) account.

Unit Trust lump-sum contribution via DBS/POSB

  • Valid for new Unit Trust lump-sum or Online Funds Investment purchased after opening your Multiplier Account.​
  • The investment amount of your Unit Trust lump-sum contribution or Online Funds Investment will be recognised after the free-look/cancellation period, and will be recognised for one month.​
  • Contribution must be made in cash, not using funds from your CPF or Supplementary Retirement Scheme (SRS) account.

Trade in equities online via DBS

  • Valid for fully settled "BUY" equity trades via DBS Vickers Online Trading or DBS Online Equity Trading after opening your Multiplier Account.
  • Trades can be settled using cash or Supplementary Retirement Scheme (SRS).
  • The investment amount of your online equity trade will be recognised for the month only post settlement date.


Calculate your Interest

Use the calculator and find out how much you could earn per year with the Multiplier Account. Oh, did we mention that there’s no minimum transaction amount required for each category?

Step 2: Enter your transaction amounts

per month
This is a mandatory field.

And, take up at least one of these categories with DBS/POSB

per month
per month
per month
per month

With an income of S$0 and transactions across 1 out of 4 categories, your total monthly eligible transaction amount of S$0.



Breakdown of Interest Rate(s)

> S$100,000  

The calculated interest you're seeing is an estimate based on the assumption that your balance stays the same throughout. The calculated daily interest value is rounded off to 2 decimal places and then summed up for an entire year of 365 days.


Features & Benefits

The Multiplier Account is a personal account without cheque facilities.

You can access Bank & Earn Summary via digiBank online or digibank mobile.

Same-day transfers at zero or lower fees when you remit funds online to selected countries. Learn more

Pay like a local and transact directly from your foreign currency wallets! Learn more


Ready to Multiply?

Apply online in 5 minutes and start multiplying!

For new POSB customers, please prepare the following required documents prior to your application.

New to POSB? It’s easy with digibankingNEW

You can open a personal My Account and digibank access easily on POSB digibank!​

For foreigners, please prepare these required documents to open an account.

Get POSB digibank now


Find out more


Eligibility & Fees

  • You must be at least 18 years of age.
  • No initial deposit required. No monthly account fees.
  • If this is your first account with us, open online now and there will be no minimum average daily balance required.
  • Service charge of S$5 if average daily balance falls below S$3,000 (based on total SGD equivalent of SGD & foreign currency balances). This service charge is waived for you up until 29 years old.

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  1. Higher interest rates are applicable to the S$ balance in your Multiplier Account, up to the first S$100,000. Any amount over and above this will be accorded the prevailing interest rate for that month. Interest is credited in 2 parts:

    1. base interest at our prevailing interest rate, calculated on daily balances will be credited at month end, and

    2. preferential interest at the preferential interest rate (which is the higher interest rate less the prevailing interest rate) based on the sum of your eligible transactions with us, calculated on daily balances, by the 7th working day of the following month.

  2. If your transactions do not meet the criteria, the S$ balance in your Multiplier Account will be accorded the prevailing interest rate for that month.

  3. Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses; such accounts may also be subject to exchange controls imposed on the currency held.

  4. Service charge is waived for Multiplier Account holders up to 29 years old, effective from May 2018 onwards.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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