Understanding DBS Multiplier Account's Preferential Interest

Find out how the interest is calculated and credited for DBS Multiplier Account.

Important information

  • Preferential interest is credited by the 7th working day of the following month, if criteria is met.
  • If your transactions do not meet the criteria, the SGD balance in your DBS Multiplier Account will be accorded the prevailing interest rate for that month. Learn More.

How is the interest calculated?

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

How is the interest credited?

Multiplier interest is credited in 2 parts:
Interest Type Interest Rate Credit Date Example: 1.50% p.a.
Base interest 0.05% p.a. Last calendar day of the month 0.05% p.a.
Preferential interest (if any) Higher interest rate - Base interest rate 7th working day of the following month 1.50% - 0.05% = 1.45% p.a.

How to check on your interest credits?

digibank mobile
4 steps to view your interest credits

Click on the numbers to view screens.
1
2
3
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Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.
Under Deposit, tap on DBS Multiplier Account.
You will find the base interest credited on the last calendar day of the month.
Preferential interest (if any) will be credited by the 7th working day of the following month.
4 steps to view your interest credits

Click on numbers to view screens.
1
2
3
4
Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.
Under Deposit, tap on DBS Multiplier Account.
You will find the base interest credited on the last calendar day of the month.
Preferential interest (if any) will be credited by the 7th working day of the following month.
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digibank online
6 steps to view your interest credits

Click on the numbers to view screens.
1
2
3
4
5
6
Log in to digibank online with your User ID & PIN and complete the authentication process.
Under My Accounts, select View Transaction History.
Complete the Authentication Process.
You may apply filters to view your DBS Multiplier Account according to your preferences.
You will find the base interest credited on the last calendar day of the month.
Preferential interest (if any) will be credited by the 7th working day of the month.
6 steps to view your interest credits

Click on the numbers to view screens.
1
2
3
4
5
6
Log in to digibank online with your User ID & PIN and complete the authentication process.
Under My Accounts, select View Transaction History.
Complete the Authentication Process.
You may apply filters to view your DBS Multiplier Account according to your preferences.
You will find the base interest credited on the last calendar day of the month.
Preferential interest (if any) will be credited by the 7th working day of the following month.
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