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Save As You Serve (SAYS)
At a Glance
Save more as you serve
Unlock higher interest rates when you open a Multiplier account, credit your NS allowance and spend with PayLah! (no minimum amount or spend required)
Live more and cash in on exclusive NSF deals
From cash rebates to merchant perks, we’ve got your everyday and NS needs sorted!
Learn how to plan and manage your finances
Training is important, but so is Financial Literacy. Get bite-sized tips to save, invest and more.
ProtectFirst: Get covered on 5 key critical illnesses1 (Cancer, Heart Attack, Stroke, Liver Failure and Major Organ/Bone Marrow Transplant), life protection and serious accidents with promo code <DBSXNSF> & receive 30% discount on first year premium + S$30 worth of Grab transport vouchers2. T&Cs apply.
Find out more.
Multiplier Account: Earn 1.8% p.a. on the first S$50,000 balance when you credit your NS allowance and make any PayLah! Retail Spend.
POSB Save As You Earn: Receive an additional 3.5% p.a. interest on your savings for the first 2 years when you open a POSB Save As You Earn account, save a portion of your NS allowance and make zero withdrawals from the account.
Now that you have started your NS journey and are drawing a regular income, we’d like to share a #lifehack on winning the money game: The sooner you start planning your finances, the better off you’ll be.
With a Multiplier account, you can enjoy higher interest rates and grow your savings while you serve the nation. Be rewarded with bonus interest on your Multiplier account when you credit your NS Allowance to any DBS/POSB account of your choice. No minimum salary amount required.
How it works
William receives S$755 monthly allowance credited to his DBS/POSB savings account and has DBS PayLah! Retail Spend of S$100.
With a total eligible transaction of S$855, he qualifies for interest of
- 1.80% p.a. for the first S$50,000 and
- Base interest rate for balance above S$50,000
Enjoy cash rebates and perks exclusive to NSFs
SAFRA DBS Debit Card
HomeTeamNS-PAssion-POSB Debit Card
Earn rewards seamlessly when you pay with DBS PayLah! for your everyday and NS needs.
Get the latest instant cashback promotions and DBS PayLah! stamp card rewards here.
Not on DBS PayLah! yet? Get S$5 when you download and register with promo ‘FIVELAH’ from now till 31 December 2023. For full terms and conditions, click here.
Download and register today for more convenience!
Monies in DBS PayLah! are a deposit. SGD deposits are insured up to S$75k by SDIC.
Take your first step into adulting as you serve. As you figure out your coverage needs, we’re here to get you started. ProtectFirst includes 3 types of insurance coverage in 1 plan.
- 5 key critical illnesses1 (Cancer, Heart Attack, Stroke, Liver Failure and Major Organ/Bone Marrow Transplant)
- Life protection and
- Serious accident insurance
This way, you receive quick and affordable coverage on the essentials as you better understand your needs and budget as you enter adulthood.
Find out more about the features and exclusions of this policy.
Exclusive promotion for NSFs2. Promo code: <DBSXNSF>
- Get 30% discount on first year premium when you get any ProtectFirst policy
- Receive additional S$30 Grab transport vouchers when you pay a premium of at least S$10/month or S$116.40/year (save 3% when you pay annually) for a ProtectFirst policy
with promo code DBSXNSF by 30 November 2023
Kickstart your investment journey and make your money work harder
Here are some ways for you to get started:
Frequently Asked Questions
1. What is Save As You Serve (SAYS)?
As you do your part to secure our nation’s defence, let POSB help you get a head start in securing your financial future.
Bundle your Multiplier account with our Debit Cards, DBS PayLah! wallet and our suite of Financial Planning solutions to unlock higher interest rates and accelerate your savings!
2. Do I need to switch my NS allowance from an existing DBS/POSB savings account to Multiplier Account?
No. You can continue to credit your NS allowance to an existing DBS/POSB savings account. You only need to deposit your savings in your Multiplier Account, and use PayLah! for pay for any retail purchase to enjoy the higher interest rates on your Multiplier Account balances.
3. I’m going to serve my NS soon. When should I apply for the Multiplier Account?
You must be at least 18 years of age to apply for Multiplier Account. You’ll earn interest of 0.55% p.a. when you credit NSF allowance with us and use PayLah! for your retail spend, adding up to S$500 or more monthly. That’s 11X more compared to a regular savings account.
While waiting for enlistment, you’ll earn 0.40% p.a. on the first S$10,000 of your Multiplier Account savings, with any PayLah! retail spend amount.
1. Can I open more than 1 Multiplier Account?
You can only hold 1 Multiplier Account.
2. When will I receive my interest?
The interest is credited into your Multiplier Account in 2 parts:
- Base interest: Credited on the last calendar day of the month
- Bonus interest (if any): Credited by the 7th working day of the following month
3. Do I need to close my Multiplier Account after ORD?
No, you can keep the Multiplier Account and continue to earn bonus interest as long as you fulfil the bonus interest criteria.
If you do not have income credited to DBS/POSB and are 29 years old and below, you earn 0.40% p.a. on your Multiplier Account balances with PayLah! retail purchase of any amount.
1. Am I eligible for the HomeTeamNS-PAssion-POSB Debit Card or SAFRA DBS Debit Card?
2. Must I link my HomeTeamNS-PAssion-POSB Debit Card or SAFRA DBS Debit Card to my POSB SAYE account?
No, this is not mandatory. The debit cards only need to be linked to a DBS/POSB Current or Savings Account.
1You will receive 100% of the critical illness (CI) coverage amount in the event of advanced stage cancer, heart attack, stroke, liver failure or major organ/bone marrow transplant. 25% of the CI coverage amount can be paid in advance for early or intermediate stage, and remaining CI coverage amount to be payable upon advanced stage. Once 100% of the CI sum insured has been paid, this benefit will terminate, and premium reduces.
2Promotion terms and conditions apply. Your coverage is subject to policy terms and conditions. Please refer to the product summary for more information.
The information herein is published by DBS Bank Ltd (“DBS Bank”) and is for general information only and should not be relied upon as financial advice. This publication may not be reproduced, or communicated to any other person without prior written permission. This website does not take into account the specific investment objectives, financial situation or needs of any particular person. Before entering into any transaction involving any product mentioned in this website, where applicable, you should seek advice from a financial adviser regarding its suitability for your own objectives and circumstances. If you choose not to do so, you should make an independent assessment and do your own due diligence on the product. This advertisement has not been reviewed by the Monetary Authority of Singapore. The website herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
In Collaboration with Manulife
ProtectFirst is issued and underwritten by Manulife (Singapore) Pte. Ltd. ("Manulife") (Reg. No. 198002116D) and distributed by DBS. It is not an obligation of, deposit in or guaranteed by DBS.
The benefits payable under the serious accident coverage benefit are subject to the occurrence of an accident during the policy period.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (“SDIC”). Coverage for the policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Manulife or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
Information is correct as at 1 November 2023
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.
Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.