Trust Bank Singapore, New Digital Bank Freebies!

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Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving
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DBS Multiplier Account Bigger from May1,2019!


DBS Multiplier Account Bigger from May1,2019!
(updated with DBS announcement on May 1, 1.25am)

 Yes! Max cap at $100k!  But broken down into first 50k and second 50k, 
with up to 3.65% pa effective interest, that's $3650 interest per year or $ 300/310 per mth!

    The best savings account to multiply your money at up to 3.65% p.a. with no minimum salary credit, no minimum credit card spend, and if u can hit a total of 4 categories, with total transactions of more than $30k per month!

A.  And DBS teach you how to “Hack” if you do not have salary credit or do not have Investment Category, so u can still qualify to earn up to 3.5% pa interest, hurray!


How to “Hack”

  1. Setup a Joint Savings Account (eg POSB savings account with You & Me)
  2. Giro You's salary to Joint Savings Account
  3. Giro Me's dividend credit from CDP to Joint Savings Account

Bingo, all You, Me personal DBS multiplier accounts will earn bonus interest, with 2 “guaranteed categories”: salary and investment!



B. Don't have dividend credit from CDP?


U can build an SSB ladder such that u get dividend credit from CDP every month.

How to build SSB ladder?

  1. Buy $500 worth of SSB (Singapore Savings Bond) every month for 6 months.
  2. On month 7, CDP will pay u dividend for month 1 SSB purchase (M1), remember to arrange Giro credit to the Joint Savings Account (see A above)
  3. On month 8, CDP will pay u dividend for month 2 SSB purchase (M2)
  4. So u will continue to receive dividend every month, for 10 years as SSB has 10 year maturity and pays dividend every 6 mths.

Bingo, u have guaranteed yourself another category to earn bonus interest on DBS Multiplier Account.


C.  Credit card spend (no minimum amount) is another easy category to meet to help u boost your interest rate tier! Just charge any amount, $1 or less also can!  Bingo, if you have any DBS/POSB credit card!
D.  U still need one more category if u want to earn interest on the next 50k.  Hmm... I will not bother!  I prefer to setup another  Multiplier Account in the family to earn 3.5% interest on that second 50k with just 3 categories, hohoho!

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