At a Glance

We're on a mission to help you grow your money easily, and reward you for planning your finances. Here's how:​​

No minimum amount required

We know everyone has different needs, that’s why we’ve kept to our promise – no minimum amount needed across your DBS/POSB products to earn.

More flexibility for you

We've heard you and added more options to our categories including digiPortfolio and more payment modes so you can multiply your money easily.

Get rewarded for financial planning​

Choose to credit salary/ dividends or simply connect SGFinDex on NAV Planner to view all your money across different institutions, in one place to plan your finances with ease.​

Apply now

 

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:

  • 0.40% 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

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​

  • Update your financial information with 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​​
    • LifeReadyPlus (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​​
    • RetireReadyPlus (III) – Regular Premium​​
    • SavvySpring(II)​​
    • TermProtect​​
    ​​

Single Premium PolicyNEW​​

  • Valid for new single premium policy purchased with cash or SRS after Multiplier Account is opened. The purchase date is based on policy sign date.​​
  • 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 9​​
    • ReadyBuilder(II) ​​
    • RetireReadyPlus (III) ​​
    • RetireSavvy ​​
    • SavvyEndowment 6 ​​
    • Signature Income Series​​
    • Signature Indexed Universal Life (II)​​
    • Signature Indexed Universal Life Select​​
    • Signature Life Series​​
    • 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, CPF or SRS 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​
  • 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

 

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 Multiplier Account using MyInfo on the digibank app!​

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

Get POSB digibank now

     

 

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.
 

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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