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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⚡ TL;DR
| Feature | DBS Multiplier Account (2025) |
|---|---|
| Max Interest Rate | Up to 4.10% p.a. on first S$100,000 (if you hit income credit + ≥3 other eligible categories) |
| Salary Credit Requirement | Credit your salary, dividends, or annuities to any DBS/POSB deposit account |
| Minimum Balance | S$3,000 average daily balance; S$5/month fall-below fee |
| Bonus Categories | Salary credit, credit card/PayLah! spend, home loan repayments, insurance, investment via DBS/POSB |
*Bonus interest applies only up to the first S$100,000 in the account. Balances above that earn the base interest rate of 0.05% p.a..
📚 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
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 (if you don’t meet bonus criteria): 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, use multiple DBS products, and meet the monthly transaction thresholds, you could earn up to 4.10% p.a. on your first S$100,000.
Note: Interest is credited in two stages:
- Base interest (0.05% p.a.): Credited on the last calendar day of each month
- Bonus interest: Credited by the 7th working day of the following month (after DBS verifies your eligible transactions).
Many users find it tricky to hit the top tier, so expect lower rates if you miss categories.
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DBS Multiplier Interest Rate (2025)
Based on the official DBS table, the interest rates are as follows:
| Income + 1 Category | Income + 2 Categories | Income + ≥3 categories | |
|---|---|---|---|
| Total Eligible Transactions per month | First S$50,000 balance | First S$100,000 balance | First S$100,00 balance |
| ≥ S$500 to < S$15,00 | 1.80% p.a. | 2.10% p.a. | 2.40% p.a. |
| ≥ S$15,000 to < S$30,00 | 1.90% p.a. | 2.20% p.a. | 2.50% p.a. |
| ≥ S$30,00 | 2.20% p.a. | 3.00% p.a. | 4.10% p.a. |
👉 Beyond the first S$50,000/100,000, depending on your category count, 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 bonus interest:
- You must credit income (salary, dividends, or annuities) to a DBS/POSB account. DBS accepts salary via GIRO, FAST, or PayNow.
- Under 29: You may still earn bonus interest via DBS card/PayLah! retail spend even without income credit – eligible for 1.50% p.a. on first S$50,000.
DBS Multiplier Minimum Balance
- Minimum balance: S$3,000 average daily.
- Fall-below fee: S$5/month.
- No other maintenance fees apply.
📖 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 temporarily turns into a regular savings account.
DBS Multiplier Promotion (2025)
DBS occasionally runs sign-up promotions for new Multiplier customers — usually cash gifts or bonus interest when you credit your income or open an investment account.
Always check DBS’s official promotions page for the latest offers.
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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 (on first S$100k) | Up to 5.45% p.a. (on first S$100k) | N/A (not a savings account) |
| Salary Credit Requirement | Credit income (salary/dividends/annuities) to DBS/POSB | Credit salary ≥ S$1,800/month | None — no salary credit needed |
| Bonus Conditions | Must use multiple DBS categories (cards, insurance, investments) | Must use OCBC cards, insurance, or wealth products | None — full benefits instantly on sign-up |
| Minimum Av. Daily Balance | S$3,000 | S$3,000 | 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 | Up to 3.25% | Up to 3.25% | 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 income credit and multiple categories each month
- Low base rate: 0.05% p.a. if you don’t meet criteria
- Bonus applies only to first S$100k: any excess above that earns base rate
- SGD only + up to 3.25% 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:
- Credit your salary to DBS/POSB monthly.
- Use your DBS/POSB credit card or PayLah! regularly.
- Have other DBS‑linked banking relationships (investment/insurance/home‑loan) or can meet ≥3 categories.
- Maintain at least S$3,000 average daily balance.
- Are comfortable staying within the DBS ecosystem.
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 3.25% 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 your income (salary/dividends/annuities) and transact in additional eligible categories (card/PayLah! spend, home loan repayment, insurance, investment) in the same month.
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?
If you’re 29 years old or younger, yes — you may qualify for a lower bonus tier (for example, ~1.50% p.a. on first S$50k) via retail spend alone. For standard adult accounts without salary credit, you’ll likely earn the base rate.
5. Can I use the DBS Multiplier overseas?
The savings account focuses on your SGD deposit interest. If you use DBS/POSB cards overseas, foreign‑transaction fees apply (up to ~3.25%). For travel spending and multi‑currency use, a solution like YouTrip is more suitable.
6. Is the DBS Multiplier Account still worth it?
Yes — if you can reliably hit multiple DBS categories every month.
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? Get a free YouTrip card + S$5 YouTrip credits with code <YTBLOG5>.
Then, head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. Join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more!
Bon voyage!
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