Open a new DBS/POSB account instantly, and get S$68! Download the digibank app and apply using Singpass/Myinfo. Click here for details.

At a Glance

We’ve increased our rates for everyone

Our mission is simple – to help you save more. But we know it's harder to save when the cost of living is rising, especially for those most affected by it. That's why Multiplier is committed to making it easier for you to grow your money with us. Here's how:

No minimum amount required, always

Everyone’s different and has different needs. That’s why we’ve stuck to our promise all along – no minimum amount needed across your DBS/POSB product categories to unlock higher interest rates.

Flexibility for all

There are now more product to transact with – like digiPortfolio and more payment modes – so you can multiply your money easily.

Make your financial planning count ​

Choose to credit your salary/dividends or simply connect SGFinDex on NAV Planner to see all your money in one place and start planning your finances with ease while earning more interest.

New to POSB?
Open a Multiplier Account on digibank app

Get digibank now

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By downloading the DBS digibank
app, you will be able to open a Multiplier
Account instantly*.

 

How it works

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

Option 1. Salary/ Dividends/ SGFinDex 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. Salary/ Dividends/ SGFinDex and PayLah! Retail Spend

Credit your salary/ dividends/ SGFinDex 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)

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



Option 1. Salary/ Dividends/ SGFinDex and Transactions in Credit Card/ Home Loan/ Insurance/ InvestmentEXPANDED

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:

  • 0.90% 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, Jack can transact in one more category. By investing S$100 a month, Jack transacts in 2 categories and his interest rate increases from 0.90% p.a. to 1.30% 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:

  • 1.40% 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:

  • 1.50% p.a. for her first S$50,000
  • 2.50% 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 2.50% p.a. on her first S$50,000 and 3.50% p.a. on the next S$50,000 balance.

 

Eligible Transactions & FAQ

How do I apply for DBS Multiplier Account online?

You can apply for DBS Multiplier Account via the digibank app.

For new DBS/POSB customers
Below are 3 simple steps on how you can open your account instantly

  1. Register for Singpass if you have not done so. Click here to register.
     
  2. Download the digibank app from your App store
         

  3. Apply for your account using Singpass, upload your passport (for Malaysian, upload front and back of your Malaysian IC) and your account will be opened instantly.

For existing customers with digibank access
All you need to do is log in and refer to the following guided steps:

  • Digibank Online

To apply for a new DBS Multiplier Account:

  • Select Apply > Deposit Accounts > DBS Multiplier Account > Instant Apply OR
  • Request > Opt-in Bank & Earn Programme
  • Digibank App

To apply for a new DBS Multiplier Account:

  • Login to your digibank app, tap on ‘More’ followed by ‘Deposit Account’ and tap on ‘DBS Multiplier Account’.

For account opening between Mondays to Sundays (including Public Holidays), 7am to 10.30pm, the account will be opened instantly. Should the account be opened on the last day of the month, applications made between 7am and 8pm will be opened instantly. Beyond these periods, account opening will take 2 working days.

OR

  • To convert existing personal DBS Autosave or DBS Multi Currency Account (joint account not allowed) to DBS Multiplier Account:
  • Select Request > More Requests > Request for DBS Autosave Account Conversion

Can I open more than 1 DBS Multiplier Account or enrol in both DBS Multiplier Account and POSB Cashback Bonus?

You can only hold 1 Multiplier Account. Also you can only take up a Multiplier Account or POSB Cashback Bonus, not both.


  • You must be at least 18 years of age.
  • No initial deposit required. No monthly account fees.
  • If this is your first account with DBS/POSB, 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.

When will I receive my interest?

The interest is credited into your DBS Multiplier Account in 2 parts:

  • Base interest: Credited on the last calendar day of the month
  • Preferential interest (if any): Credited by the 7th working day of the following month

How is the interest calculated?

The interest is calculated daily.

  1. The preferential interest rate is applied to the end-day SGD balance in your DBS Multiplier Account.
  2. Interest earned for each balance tier is calculated and rounded off to the nearest 4 decimal places.
  3. Each day’s interest earned is summed up and rounded off to the nearest 2 decimal places.
  4. The entire month’s interest is then summed up.

You can qualify with any of the following: ​

Salary Credit to any DBS/POSB Deposit Account​

  • Credit your salary into your DBS/POSB account via GIRO with transaction code ‘SAL’ or ‘PAY’. The main description in your Statement is “Salary” or “GIRO Salary”.​

Email your HR to credit your salary with DBS today.​

Dividends Credit

  • Credit your dividends into your DBS/POSB account, DBS Wealth Management Account, Supplementary Retirement Scheme (SRS) account or CPF Investment Account (CPFIA)​
  • Eligible dividends include Central Depository Pte Ltd (CDP), DBS Vickers Securities, DBS Online Equity Trading (OET), DBS Unit Trusts, DBS Online Funds Investing and DBS Invest-Saver​

Switch your dividend credit to DBS today.​

Connect SGFinDex to NAV PlannerNEW​

  • Connect and share financial information from your other banks and government accounts (CPF, HDB and IRAS) with SGFinDex and request for information retrieval of the linked accounts through DBS NAV Planner monthly.​

Find out more about SGFinDex here.


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.

Find out more about DBS Credit Cards here.


  • 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.

Find out more about DBS Home Loans here.


Insurance (Recognised for the first 12 consecutive months)

Regular Premium Policy

  • Valid for new regular premium policy purchased after Multiplier Account is opened. ​​
  • The recognition of the monthly premium (i.e. Annualised premium/12) starts 1 month after policy inception and continues for 12 consecutive months as long as policy is in ​​force.
  • Eligible regular premium policies:
    • CancerCare​​
    • Critical SelectCare​​
    • eCriticalCare​​
    • eDecreasingTerm​​
    • LifeReady Plus (II)​​
    • Manulife GrowSecure
    • Manulife IncomeGen
    • Manulife SmartRetire(IV)​​
    • Manulife SmartWealth(II)​​
    • Manulife Spring (II)​​
    • ManuProtect Decreasing (II)​​
    • ManuProtect Decreasing Lite (II)​​
    • ManuProtect Term (II)​​
    • ManuProtect Term Lite (II)​​
    • ProtectFirst
    • Ready LifeIncome(III)​​
    • ReadyBuilder(II) – Regular Premium​​
    • RetireReadyPlus (III) – Regular Premium​​
    • RetireSavvy
    • SavvySpring(II)​​
    • TermProtect​​
    ​​

Single Premium PolicyNEW​​

  • Valid for new single premium policy purchased with cash or DBS SRS Account after Multiplier Account is opened.
  • The monthly premium amount will be calculated by dividing the single premium amount by 120. Recognition starts 1 month after policy inception and continues for 12 consecutive months as long as policy is in force.​​
  • Eligible single premium policies:​​
    • Heirloom (VII)​​
    • Manulife Goal Series
    • ReadyBuilder(II) ​​
    • RetireReadyPlus (III) ​​
    • RetireSavvy ​​
    • SavvyEndowment Series​​
    • Signature Income Series​​
    • Signature Indexed Universal Life (II)​​
    • Signature Indexed Universal Life Select​​
    • Signature Life Series​​
    • Signature Lifetime Rewards
    • Signature Wealth​

Want to know more?

Chat with our friendly Wealth Planning Managers now. (This chat service is available from 9am to 6pm on Mon to Fri, excluding Public Holidays.)

Live Chat

Alternatively, you may leave your contact details and we will get in touch soon.

Contact Me


Unit Trust Lump-sum InvestmentEXPANDED​​

  • Valid for new Unit Trust lump-sum or Online Funds Investment purchased with cash, DBS CPFIA or DBS SRS Account after Multiplier Account is opened.​
  • The investment amount will be recognised post settlement date.​

Find out more about Unit trust lump-sum investments here.​

DBS Invest-Saver

  • Valid for new DBS Invest-Saver purchased after Multiplier Account is opened​
  • The monthly investment amount will be recognised for the first 12 consecutive months per fund​

Find out more about DBS Invest-Saver here.​

Online Equities Trade

  • Valid for "BUY" equity trades with cash, CPF or SRS via DBS Vickers Online Trading or DBS Online Equity Trading after Multiplier Account is opened.​
  • The investment amount will be recognised post settlement date.​

Find out more about online equities trade here.​

digiPortfolioNEW

  • Valid for new digiPortfolio purchased after Multiplier Account is opened​
  • Minimum qualifying amount is S$1,000 transaction​
  • The investment amount will be recognised post settlement date​

Find out more about digiPortfolio here.​

Bonds & Structured ProductsNEW

  • Valid for new Bonds & Structured Products purchased after Multiplier Account is opened​
  • Eligible products include Bonds (excludes Singapore Savings Bonds and Singapore Government Securities), Structured Deposit, Currency Linked Investments and Structured Notes.​
  • The investment amount will be recognised post settlement date.​

Find out more about Bonds & Structured Products here.

 

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

 

Apply now

New to POSB?
Open a Multiplier Account on digibank app

Get digibank now

appstoreicon
playstoreicon
appgalleryicon

By downloading the DBS digibank
app, you will be able to open a Multiplier
Account instantly*.



Join our Online Community

On the lookout for tips to multiply your savings? Want to join like-minded, financially savvy people to learn, share and grow together? Join us today!

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Note:
  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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