Showing posts with label DBS. Show all posts
Showing posts with label DBS. Show all posts

Review: DBS Multiplier Account - Unlocking the Power of Saving and Growth

The DBS Multiplier Account is a savings account that promises to revolutionize the way you save and grow your money. With its impressive features and benefits, this account aims to empower individuals to maximize their savings and achieve their financial goals. Let's delve into the key highlights of this account and see if it lives up to its promises.

One of the standout features of the DBS Multiplier Account is the absence of a minimum amount requirement to unlock bonus interest rates. Unlike other savings accounts that impose strict conditions, DBS understands that everyone's financial situation is unique. With this account, you can start earning bonus interest and growing your money regardless of the amount you have deposited. This flexibility is a refreshing change that caters to individuals from all walks of life.

The account offers an array of product categories with which you can transact to multiply your money easily. By taking up more product categories with DBS/POSB, you unlock bonus interest rates, giving your savings a significant boost. This flexibility allows you to tailor your banking activities to suit your needs and maximize your earnings.

The DBS Multiplier Account also rewards you for effective financial planning. Whether you choose to credit your salary or dividends, or simply connect SGFinDex on NAV Planner to manage your finances, you earn more interest while gaining a comprehensive overview of your money. This integrated approach to financial planning is a testament to DBS' commitment to helping customers achieve financial success.

Earning bonus interest with the DBS Multiplier Account is a straightforward process. There are three options available, and you can choose the one that suits you best. Option 1 requires eligible DBS/POSB transactions totaling S$2,000 or more per month. Option 2 entails a combination of salary/dividends/SGFinDex transactions and PayLah! retail spend amounting to S$500 or more monthly. Option 3 is specifically designed for young adults aged 29 years and below, requiring no minimum spend on PayLah! retail transactions. These options provide flexibility and cater to different financial circumstances.

To enhance the overall customer experience, DBS offers a digital banking app, digibank, where you can open a Multiplier Account instantly. This convenience allows you to start earning interest and enjoying the benefits of the account without unnecessary delays or paperwork.

It's worth noting that the DBS Multiplier Account offers competitive interest rates. The bonus interest rates apply to the SGD balance in your account, up to the first S$100,000. Any amount exceeding this threshold receives the base interest rate. Interest is credited in two parts, with the base interest calculated on daily balances and credited at the end of each month, and the bonus interest credited by the 7th working day of the following month. This transparent system ensures that you can track and monitor your earnings effectively.

In conclusion, the DBS Multiplier Account stands out as a powerful savings account that caters to the diverse needs of individuals. With no minimum amount requirement, flexible product categories, and rewarding financial planning options, this account offers a compelling solution for those looking to save and grow their money. If you value flexibility, convenience, and competitive interest rates, the DBS Multiplier Account could be the perfect choice to help you achieve your financial goals.






Piyush Gupta - DBS CEO advises against giving up interests

DBS CEO Piyush Gupta has advised against giving up interests to focus solely on work. Speaking at a forum in November, Gupta said it was one of his biggest regrets in life, adding: "Keep your interests going. These anchor you. And in these times of anxiety, you need [them] to hold on as you go ahead". Gupta also reflected on his career failures and successes over the past 40 years, saying it was important to "constantly plan" what will lead to personal satisfaction. DBS announced earlier this year that Gupta's annual earnings in 2022 had risen 13.2% to $15.4m.

Piyush Gupta is the current CEO (Chief Executive Officer) of DBS Group, a leading financial services group in Asia, headquartered in Singapore. Gupta has been in this role since 2009 and is credited with leading the transformation of DBS from a traditional bank to a digital banking leader. Prior to joining DBS, Gupta had an extensive career in banking, having worked at several global banks including Citigroup, where he held various senior management positions in Asia, Europe, and the United States.

DBS CEO on Building an Asian Bank

This is a 2012 video featuring DBS CEO, Piyush Gupta, and his views on DBS building on its foundations as an Asian bank.

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