DBS Multiplier Account
DBS · Project your annual interest at your balance, salary credit, and card spend.
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Overview
As of 12 June 2026, the DBS Multiplier Account projects up to 4.10% p.a., a rate read off a grid rather than published as a single figure. The top cell needs an income credit plus 3 or more categories, and at least S$30,000/month of eligible transactions running through the account. Fewer categories, or a thinner month, land in a lower cell of the same grid.
| Balance slice | Rate | Interest / yr |
|---|---|---|
| Bonus · first S$50,000· income + 1 category | 1.80% | S$900 |
How the interest is structured
Bonus interest by balance band and qualifying activity, on the first S$100,000. Balance above the cap earns the 0.05% base rate.
| Monthly transactions | Income + 1 | Income + 2 | Income + 3 or more |
|---|---|---|---|
| S$500 – <S$15,000 | 1.80% | 2.10% | 2.40% |
| S$15,000 – <S$30,000 | 1.90% | 2.20% | 2.50% |
| S$30,000 and above | 2.20% | 3.00% | 4.10% |
Total rate on the eligible balance: the first S$50,000 (income + 1 category) or first S$100,000 (income + 2 or more). Balance above earns the 0.05% base rate.
Bonus requirements
- check_circleIncome / salary creditIncome credit (salary, dividends, or CPF/SRS payouts) to a DBS/POSB account via GIRO/FAST/PayNow — mandatory for any bonus; no minimum amount.
- check_circleCard / PayLah! spendCard spend on an eligible DBS/POSB credit card, or PayLah! spend (the two count as one category).
- check_circleHome loan instalmentDBS/POSB home loan instalment (the monthly instalment counts as an eligible transaction).
- check_circleInsuranceEligible DBS/POSB insurance product (the monthly premium is recognised for up to 12 months).
- check_circleInvestmentsEligible DBS/POSB investment product (lump sum from S$1,000, or recurring from S$100 recognised for up to 12 months).
Income credit is mandatory; the bonus rate then rises with BOTH the number of additional categories met (card/PayLah! spend, home loan, insurance, investments) and the total monthly eligible transaction volume. Bonus interest is paid on the first S$50,000 (income + 1 category) or the first S$100,000 (income + 2 or more); the tier rate is the total rate on that balance, with 0.05% p.a. base above it. Maximum 4.10% p.a. (income + 3 categories, ≥ S$30,000/month). The calculator sums the income, card-spend, home-loan, insurance, and investment monthly amounts you enter as the transaction volume. The ≤29-year-old "no income" path (1.50% on the first S$50,000 with any card/PayLah! spend) is not modelled.
Fees & charges
No annual fee. The conditional fees below are disclosed for transparency and never affect the projected interest.
- Fall-below fee (per month)
- S$5 if the monthly average daily balance is below S$3,000This service charge will be waived if you are 29 years old or below by year.
- Early account closure fee
- S$30 within 6 months of account opening
Frequently asked questions
How does bonus interest work on the DBS Multiplier Account?
An income credit is mandatory on the DBS Multiplier Account: with nothing credited as income, the account pays the 0.05% p.a. base rate however many other categories are met. With income credited, the rate is read off a grid rather than added up: one axis is how many further categories are met, the other is the total monthly eligible transaction volume across them. Two people meeting the same categories can therefore earn different rates, because the dollar volume flowing through the account is itself part of the test. The volume steps are not evenly spaced. On the top row, where income is paired with 3 or more categories, clearing S$30,000/month in eligible transactions lifts the rate from 2.50% to 4.10% p.a., the largest single step anywhere in the grid. The rate the grid returns is the total rate on the eligible balance, not a bonus added on top of the base rate, so the base rate applies only above the cap or in a month the criteria are missed.
What are the bonus interest requirements on the DBS Multiplier Account?
The income credit is mandatory and the others are optional, but each further category met moves the DBS Multiplier Account up a column of the rate grid: • Income credit (salary, dividends, or CPF/SRS payouts) to a DBS/POSB account via GIRO/FAST/PayNow — mandatory for any bonus; no minimum amount. • Card spend on an eligible DBS/POSB credit card, or PayLah! spend (the two count as one category). • DBS/POSB home loan instalment (the monthly instalment counts as an eligible transaction). • Eligible DBS/POSB insurance product (the monthly premium is recognised for up to 12 months). • Eligible DBS/POSB investment product (lump sum from S$1,000, or recurring from S$100 recognised for up to 12 months).
How far up the balance does the bonus on the DBS Multiplier Account reach?
The bonus-eligible balance grows with the categories you meet: income plus one category covers the first S$50,000, while income plus two or more covers the first S$100,000. Any balance beyond your current tier earns the base rate.
What does it take to earn the most on the DBS Multiplier Account?
The grid rewards breadth and volume together on the DBS Multiplier Account. Income plus 1 category pays on the first S$50,000; income plus 3 or more pays on the first S$100,000, and only that row reaches 4.10% p.a. Even on that row the rate depends on the month's transaction volume, so a month that falls short of S$30,000 in eligible transactions lands in a lower cell despite the same categories being met. The 4.10% p.a. figure assumes the top cell and a balance at the cap.
How is the effective interest rate on the DBS Multiplier Account calculated?
The grid returns one total rate, which is applied to the eligible balance in full, with the 0.05% p.a. base rate applied to the balance above the cap. Nothing is added on top of the grid rate, so the effective rate is simply those two slices weighted by size. In a month the income credit or the category count is missed, the whole balance falls back to the 0.05% p.a. base rate.
Does the DBS Multiplier Account have a minimum balance or fees?
The DBS Multiplier Account can be opened with no minimum initial deposit. A fall-below fee of S$5 a month applies if the monthly average daily balance is below S$3,000 (this service charge will be waived if you are 29 years old or below by year), and closing the account within 6 months of account opening costs S$30.
Are the DBS Multiplier Account interest rates guaranteed?
No. Banks revise savings rates and qualifying rules regularly. On a grid-based account, a revision can reprice a single cell or move a volume threshold, so the same categories and the same spending can land on a different rate than they did last month. The figures on this page reflect DBS's published rates as of 12 June 2026 and are worth confirming on the issuer's own page before acting on them. This is information, not financial advice.
Last verified: 12 June 2026
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View cardCalculator limitations
- Your deposit balance is held constant for the full year.
- Every bonus requirement you select is assumed to qualify in each month.
- Bonus-interest caps reset monthly under each issuer’s own policy.
- Base and bonus rates are as of each account’s “Rates as of” date.
- No fall-below, early-closure, or account fees are modelled.
- A salary credit is counted only if it meets the issuer’s own GIRO / PayNow salary definition; a GIRO toggle assumes the issuer’s required number of GIRO transactions is met.
- Banks revise savings-account interest rates frequently.
- Promotional bonus rates expire and are not projected beyond their term.
- Category definitions and qualifying-transaction rules change over time.
- Interest compounding, crediting frequency, and rounding follow each issuer.
This output is an estimate generated from the inputs you entered. It is a projection, not a promise of returns. Figures may differ from what an issuer pays. Confirm current terms on each bank’s official page before acting on them.
See the SG Rates reference for sourced, date-stamped savings, SORA, and fixed-deposit figures.
Data last refreshedJune 2026
DBS governing terms: Official terms (PDF)