Looking for a high-interest savings account in Singapore that actually rewards you for being a responsible adult?
The DBS Multiplier Account is a popular choice, offering bonus interest when you credit your salary, use DBS credit cards, or invest through the bank. But here’s the catch: it only truly shines if you’re deeply integrated into the DBS ecosystem. Miss a category (or two), and your “high-interest” account suddenly looks… not so high.
In this guide, we’ll break down how it works, the latest interest rates and requirements in 2025, and whether it’s worth your time compared to alternatives like YouTrip.
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📚 Table of Contents:
- TL;DR
- What is the DBS Multiplier Account?
- How Does it Work?
- Interest Rate (2025)
- DBS Multiplier Calculator
- Salary Credit Requirement
- Minimum Balance
- What Happens If I Don’t Meet DBS Multiplier Criteria?
- Promotion (2025)
- DBS Multiplier vs OCBC 360 vs YouTrip
- Pros & Cons
- Is the DBS Multiplier Account Worth It in 2025?
- FAQs
⚡ TL;DR
| Feature | DBS Multiplier Account (2025) |
|---|---|
| Max Interest Rate | Up to 4.10% p.a. on first S$100,000* |
| Salary Credit Requirement | Min. S$2,500/month via GIRO or PayNow Corporate |
| Minimum Balance | S$3,000 average daily balance; S$5/month fall-below fee |
| Bonus Categories | Salary credit, credit card spend, home loan repayments, insurance, investments |
*Interest depends on transaction categories and amounts. Base rate applies beyond S$100,000.
What is the DBS Multiplier Account?
Image credits: DBS Bank
The DBS Multiplier Account is a tiered bonus savings account. Your bonus interest grows with the number of eligible transactions and categories you meet each month.
- More categories = higher interest.
- Maximum 4.10% p.a. on first S$100,000 (as of 2025).
- Base interest beyond the cap: 0.05% p.a.
📖 Related guides: Best Singapore Credit Card For Overseas Spending (2025)
How Does it Work?
The account uses a tiered structure where your bonus interest rate depends on:
- Total eligible transactions: Salary credit, card spending, investments, etc.
- Number of transaction categories: Salary credit, credit card spend, home loan repayments, insurance, and investments.
For example, if you credit your salary, hit two categories, and have a monthly eligible transaction value of S$30,000 or more, you can earn an interest rate of 4.10% p.a. on your first S$100,000.
📖 Related guides: Best DBS Miles Credit Cards In Singapore (2025 Guide)
DBS Multiplier Interest Rate (2025)
As of October 2025, the interest rates are as follows:
| Transaction Categories | Monthly Eligible Transactions | Interest Rate (p.a.) | Balance Cap |
|---|---|---|---|
| 1 category | S$500–S$15,000 | 1.80%–2.20% | S$50,000 |
| 2 categories | S$500–S$30,000 | 2.10%–3.00% | S$100,000 |
| 3+ categories | S$30,000+ | 4.10% | S$100,000 |
👉Beyond S$100,000, only the base interest rate of 0.05% p.a. applies.
DBS Multiplier Calculator
DBS offers an official Multiplier Calculator to estimate your effective interest rate based on your monthly salary credit, card spend, and other linked products.
⚠️ Pro tip: Many users find it difficult to hit higher tiers, so don’t be surprised if your rate is lower than expected.
📖 Related guide: Wise Card Singapore Guide (2025): Fees, Limits, Exchange Rates
DBS Multiplier Salary Credit Requirement
To qualify for any bonus interest, you must credit your monthly salary (min. S$2,500) via GIRO or PayNow Corporate. Freelancers or business owners can use dividend crediting or SGFinDex linkage to qualify.
Without salary credit, your account just earns the base rate — which is… not great.
DBS Multiplier Minimum Balance
- Minimum balance: S$3,000 average daily.
- Fall-below fee: S$5/month.
- No annual/maintenance fees otherwise.
📖 Related guide: DBS Multi-Currency Account (MCA) Guide 2025: Features, Exchange Rates, Fees
What Happens If I Don’t Meet DBS Multiplier Criteria?
If you don’t meet the minimum salary credit or transaction categories:
- You’ll only earn the base interest rate of 0.05% p.a.
- No bonus interest will be applied for that month.
👉 In other words: your Multiplier turns into a regular savings account.
DBS Multiplier Promotion (2025)
DBS occasionally runs sign-up promotions for new Multiplier customers — usually offering cash gifts or bonus interest when you credit your salary or open an investment account.
Check DBS’s official promotions page for the latest offers.
📖 Related guide: Chocolate Finance Singapore Guide 2025: Rates, Miles, Withdrawals
DBS Multiplier vs OCBC 360 vs YouTrip (2025)
| Feature | DBS Multiplier Account | OCBC 360 Account | YouTrip |
|---|---|---|---|
| Type | Savings account with tiered bonus interest | Savings account with tiered bonus interest | Multi-currency travel wallet + prepaid Mastercard |
| Max Interest Rate | Up to 4.10% p.a | Up to 5.45% p.a. | N/A (not a savings account) |
| Salary Credit Requirement | Min. S$2,500/month | Min. S$1,800/month | None — no salary credit needed |
| Bonus Conditions | Must use DBS credit cards, insurance, or investments | Must use OCBC credit cards, insurance, or wealth products | None — full benefits instantly on sign-up |
| Minimum Balance | S$3,000 (S$5 fall-below fee) | S$3,000 (S$2 fall-below fee) | No minimum balance, no fall-below fees |
| Service / Maintenance Fees | S$5/month if balance < S$3,000 | S$2/month if balance < S$3,000 | None |
| Foreign Transaction Fees | ~3% on overseas card spend | ~3% on overseas card spend | 0% FX fees — real exchange rates |
| Currencies Supported | SGD only | SGD only | 12 wallet currencies, use in 150+ currencies |
- Use DBS Multiplier if you’re embedded in the DBS ecosystem.
- Use YouTrip for overseas spending: no FX fees, no monthly requirements, real exchange rates.
📖 Related guide: Instarem Amaze Card Singapore Guide 2025: Fees, Rewards & Is It Worth It?
Pros & Cons
✅ Pros
- High potential interest: up to 4.10% p.a.
- Rewards loyalty: salary, credit card spend, investments, insurance
- Minimal fees: S$5/month if balance < S$3,000
- Calculator available to estimate returns
- Best for DBS users already using multiple products
❌ Cons
- Complex tiers: hitting max interest requires multiple categories
- High minimum balance
- Low base rate: 0.05% p.a. without criteria
- SGD only + 3% FX fees overseas
- Not beginner-friendly: hard to reach top rates
📖 Related guide: OCBC Multi-Currency Account Guide: OCBC Global Savings Account (2025)
Is the DBS Multiplier Account Worth It in 2025?
It depends on your banking setup. It can be worth it — but only for those who consistently meet the criteria:
- If you already use DBS credit cards, take insurance, invest via DBS, or have a home loan with DBS, the Multiplier makes sense.
- But if you’re likely to miss categories or your banking habits aren’t DBS-heavy, you’ll mostly earn the base 0.05%.
- For travel and foreign spending, DBS’s usual cards still slap on a ~3% FX fee. YouTrip wins there — no FX fees, real exchange rates, no minimum balance.
📚 Read next: Check out our guide to the best multi-currency cards for the biggest savings here
FAQs:
1. How much do I need to maintain in my DBS Multiplier Account?
You need to maintain a minimum average daily balance of S$3,000 to avoid the S$5 monthly service fee.
2. How do I qualify for higher DBS Multiplier interest?
Credit income + transact in other DBS categories like credit card spend, insurance, investments, or home loans to unlock bonus tiers.
3. What is the maximum interest rate on the DBS Multiplier?
Up to 4.10% p.a. on the first S$100,000 (if all criteria are met).
4. Can I still get bonus interest if I don’t credit my salary?
For people 29 and under, yes — you may still qualify via DBS card/PayLah! spend. But for most, without salary credit, you revert to base 0.05%.
5. Can I use the DBS Multiplier overseas?
You can, but you’ll still be charged ~3% foreign transaction fees when using DBS debit or credit cards abroad. For overseas spending, YouTrip offers real exchange rates and zero fees.
6. Is the DBS Multiplier Account still worth it?
Yes — if you can reliably hit multiple DBS categories every month. But for those who want flexibility and zero FX fees abroad, getting a YouTrip card is often a smarter, more balanced move.
Get the Best Rates with YouTrip Today!
The DBS Multiplier is ideal for loyal DBS users who meet multiple transaction criteria, while YouTrip is better for overseas spending and multi-currency flexibility. Use both strategically for max savings and convenience.
Not on YouTrip yet? Sign up today with <YTBLOG5> to get FREE S$5 in your account and experience a smarter way to transfer money internationally!
For more great tips and articles like this, join our Telegram (@YouTripSG) and subscribe to our free weekly newsletter here or down below. And while you’re at it, why not join the conversation with thousands of #YouTroopers in our very own Community Telegram Group @YouTripSquad?
Get tips and tricks to everything YouTrip including exclusive invites to exciting events and experiences, & be part of the #YouTripSquad! 💜
Bon voyage!
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Looking for a savings account in Singapore that actually rewards you for being a responsible adult?
The DBS Multiplier Account is one of the most well-known high-interest savings accounts around — offering bonus interest when you credit your salary, use DBS credit cards, or invest through the bank.
But here’s the catch: the DBS Multiplier only truly shines if you’re deeply integrated into the DBS ecosystem. Miss a category (or two), and your “high-interest” account suddenly looks… not so high.
In this guide, we’ll break down how the DBS Multiplier Account works, the latest interest rates and requirements in 2025, and whether it’s still worth your time compared to more flexible options — like YouTrip, which offers real exchange rates and zero foreign fees without any hoops to jump through.
💜 Stay Up To Date:
– Seattle Travel Guide 2025: 19 Best Things To Do, Weather & Local Tips
– Ria Money Transfer Singapore Guide (2025): Rates, Fees & How It Works
– Japan Rail Pass (JR Pass) 2025: Prices, Calculator, Map & Full Guide
📚 Table of Contents:
- TL;DR
- What is the DBS Multiplier Account?
- How Does it Work?
- Interest Rate (2025)
- DBS Multiplier Calculator
- Salary Credit Requirement
- Minimum Balance
- What Happens If I Don’t Meet DBS Multiplier Criteria?
- Promotion (2025)
- DBS Multiplier vs OCBC 360 vs YouTrip
- Is the DBS Multiplier Account Worth It in 2025?
- FAQs
⚡ TL;DR
| Feature | DBS Multiplier Account (2025) |
|---|---|
| Max Interest Rate | Up to 4.10% p.a. on first S$100,000 (Depends on transaction categories and amounts) |
| Salary Credit Requirement | Min. S$2,500/month via GIRO or PayNow Corporate |
| Minimum Balance | S$3,000 average daily balanceS$5/month fall-below fee |
| Bonus Categories | Salary credit, credit card spend, home loan repayments, insurance, investments |
What is the DBS Multiplier Account?
Image credits: DBS Bank
The DBS Multiplier Account is a savings account that rewards you with bonus interest based on the total eligible transactions you make each month.
The more categories you participate in, the higher your interest rate — up to a maximum of 4.10% p.a. on the first S$100,000. Beyond this balance, only the base interest rate applies.
📖 Related guides: Best Singapore Credit Card For Overseas Spending (2025)
How Does the DBS Multiplier Work?
The account uses a tiered structure where your bonus interest rate depends on:
- Total eligible transactions: Salary credit, spending, investments, etc.
- Number of transaction categories: Salary credit, credit card spend, home loan repayments, insurance, and investments.
For example, if you credit your salary, hit two categories, and have a monthly eligible transaction value of S$30,000 or more, you can earn an interest rate of 4.10% p.a. on your first S$100,000.
📖 Related guides: Best DBS Miles Credit Cards In Singapore (2025 Guide)
DBS Multiplier Interest Rate (2025)
As of October 2025, the interest rates are as follows:
| Transaction Categories | Monthly Eligible Transactions | Interest Rate (p.a.) | Balance Cap |
|---|---|---|---|
| 1 category | S$500–S$15,000 | 1.80%–2.20% | S$50,000 |
| 2 categories | S$500–S$30,000 | 2.10%–3.00% | S$100,000 |
| 3+ categories | S$30,000+ | 4.10% | S$100,000 |
👉Beyond the balance cap, only the base interest rate of 0.05% p.a. applies.
DBS Multiplier Calculator
DBS offers an official Multiplier Calculator to help you estimate your effective interest rate based on your monthly salary credit, card spend, and other linked products.
This is useful since the actual bonus interest you earn depends on how many transaction categories you hit — and it’s not exactly beginner-friendly.
⚠️ Pro tip: If your estimated rate is underwhelming, you’re not alone — many find it hard to hit the higher interest tiers.
📖 Related guide: Wise Card Singapore Guide (2025): Fees, Limits, Exchange Rates
DBS Multiplier Salary Credit Requirement
To qualify for any bonus interest, you must credit your monthly salary (min. S$2,500) via GIRO or PayNow Corporate. Freelancers or business owners can use dividend crediting or SGFinDex linkage to qualify.
Without salary credit, your account just earns the base rate — which is… not great.
DBS Multiplier Minimum Balance
The DBS Multiplier Account has a minimum average daily balance of S$3,000.
If your balance falls below that, you’ll be charged a S$5 monthly service fee.
📖 Related guide: DBS Multi-Currency Account (MCA) Guide 2025: Features, Exchange Rates, Fees
What Happens If I Don’t Meet DBS Multiplier Criteria?
If you don’t meet the minimum salary credit or transaction categories:
- You’ll only earn the base interest rate of 0.05% p.a.
- No bonus interest will be applied for that month.
👉 In other words: your Multiplier turns into a regular savings account.
DBS Multiplier Promotion (2025)
DBS occasionally runs sign-up promotions for new Multiplier customers — usually offering cash gifts or bonus interest when you credit your salary or open an investment account.
Check DBS’s official promotions page for the latest offers.
📖 Related guide: Chocolate Finance Singapore Guide 2025: Rates, Miles, Withdrawals
DBS Multiplier vs OCBC 360 vs YouTrip (2025)
| Feature | DBS Multiplier Account | OCBC 360 Account | YouTrip |
|---|---|---|---|
| Type | Savings account with tiered bonus interest | Savings account with tiered bonus interest | Multi-currency travel wallet + prepaid Mastercard |
| Max Interest Rate | Up to 4.10% p.a | Up to 5.45% p.a. | N/A (not a savings account) |
| Salary Credit Requirement | Min. S$2,500/month | Min. S$1,800/month | None — no salary credit needed |
| Bonus Conditions | Must use DBS credit cards, insurance, or investments | Must use OCBC credit cards, insurance, or wealth products | None — full benefits instantly on sign-up |
| Minimum Balance | S$3,000 (S$5 fall-below fee) | S$3,000 (S$2 fall-below fee) | No minimum balance, no fall-below fees |
| Service / Maintenance Fees | S$5/month if balance < S$3,000 | S$2/month if balance < S$3,000 | None |
| Foreign Transaction Fees | ~3% on overseas card spend | ~3% on overseas card spend | 0% FX fees — real exchange rates |
| Currencies Supported | SGD only | SGD only | 12 wallet currencies, use in 150+ currencies |
- Use DBS Multiplier if you’re already embedded in DBS’s ecosystem and can consistently meet its criteria.
- Use YouTrip for your overseas spending and travel transactions — no FX fees, no monthly requirements, just competitive exchange rates.
📖 Related guide: Instarem Amaze Card Singapore Guide 2025: Fees, Rewards & Is It Worth It?
Pros & Cons
✅ Pros
- High potential interest: Up to 4.10% p.a. on first S$100,000.
- Rewards loyalty: Bonus interest for salary credit, credit card spend, investments, and insurance.
- No annual fees: Only S$5/month if balance < S$3,000
- DBS Multiplier Calculator: Quickly estimate your potential returns.
- Best for DBS users: Perfect if you already use multiple DBS products.
❌ Cons
- Complex tiers: Maximum interest requires hitting multiple categories.
- High minimum balance: Must maintain S$3,000 to avoid fees.
- Low base rate: Only 0.05% p.a. if criteria aren’t met.
- Limited currency support: SGD only, with 3% FX fees on overseas spending.
- Not beginner-friendly: Hard to reach top rates without full DBS engagement.
📖 Related guide: OCBC Multi-Currency Account Guide: OCBC Global Savings Account (2025)
Is the DBS Multiplier Account Worth It in 2025?
It depends on your banking setup. It can be worth it — but only for those who consistently meet the criteria:
- If you already use DBS credit cards, take insurance, invest via DBS, or have a home loan with DBS, the Multiplier makes sense.
- But if you’re likely to miss categories or your banking habits aren’t DBS-heavy, you’ll mostly earn the base 0.05%.
- For travel and foreign spending, DBS’s usual cards still slap on a ~3% FX fee. YouTrip wins there — no FX fees, real exchange rates, no hoops.
YouTrip lets you spend in over 150 currencies at the real exchange rate — no foreign transaction fees, no minimum balance, and no “spend categories” to worry about.
📚 Read next: Check out our guide to the best multi-currency cards for the biggest savings here
FAQs:
1. How much do I need to maintain in my DBS Multiplier Account?
You need to maintain a minimum average daily balance of S$3,000 to avoid the S$5 monthly service fee.
2. How do I qualify for higher DBS Multiplier interest?
Credit income + transact in other DBS categories like credit card spend, insurance, investments, or home loans to unlock bonus tiers.
3. What is the maximum interest rate on the DBS Multiplier?
Up to 4.10% p.a. on the first S$100,000 (if all criteria are met).
4. Can I still get bonus interest if I don’t credit my salary?
For people 29 and under, yes — you may still qualify via DBS card/PayLah! spend. But for most, without salary credit, you revert to base 0.05%.
5. Can I use the DBS Multiplier overseas?
You can, but you’ll still be charged ~3% foreign transaction fees when using DBS debit or credit cards abroad. For overseas spending, YouTrip offers real exchange rates and zero fees.
6. Is the DBS Multiplier Account still worth it?
Yes — if you can reliably hit multiple DBS categories every month. But for those who want flexibility and zero FX fees abroad, getting a YouTrip card is often a smarter, more balanced move.
Get the Best Rates with YouTrip Today!
The DBS Altitude Card is ideal for frequent travellers who want air miles, lounge access, and travel insurance. Its annual fee and foreign transaction charges are worth considering. But if your priority is saving money while travelling, YouTrip’s better FX rates, zero annual fees, and broader currency support usually make it the smarter choice.
Not on YouTrip yet? Sign up today with <YTBLOG5> to get FREE S$5 in your account and experience a smarter way to transfer money internationally!
For more great tips and articles like this, join our Telegram (@YouTripSG) and subscribe to our free weekly newsletter here or down below. And while you’re at it, why not join the conversation with thousands of #YouTroopers in our very own Community Telegram Group @YouTripSquad?
Get tips and tricks to everything YouTrip including exclusive invites to exciting events and experiences, & be part of the #YouTripSquad! 💜
Bon voyage!
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