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 More Attractive (Feb 1 2020) – Part 1



Yes, DBS Multiplier Account is now more attractive than before, at least for me. Why? The real secret is in Part 2 of this article which I will only release on March 2, 2020.

How to qualify for 3.5% p.a. on first $50k in DBS Multiplier Account?


A. Meet Income (Mandatory) + 2 more categories (ie credit card and investment)

  1. Income – credit mthly salary and/or dividends via giro from CDP. If you cannot meet DBS multiplier criteria for salary credit via giro, u can explore the following options:
    a. Open a POSB/DBS joint savings account with family members who can credit their salary via giro to the join account. Then all joint account holders will qualify for bonus interest in their own Multiplier Account.
    b. U can build a mthly stream of dividend credits from CDP by purchasing SSB (Singapore Savings Bonds). Just purchase $500 of SSB every month for 6 consecutive mths. This mthly purchase will generate dividend credits every 6 mths.
  2. Credit Card – this is the next easiest category to meet. U only need to charge at least 1c (just charge $1 leh) to any DBS/POSB credit card to qualify.
  3. Investment – U just need to start RSP on UT/ETF to qualify for bonus interest for first 12 mths. RSP (regular savings plan) using POSB/DBS Invest Saver. There is no better time than now to start my RSP. Why? Click on the link below to find out more:





B. Total Transactions

The number of categories u can meet only determines the Balance Cap in your Multiplier Account which can earn bonus interest. For eg. I can only meet Income + 2 Categories, so the maximum balance in my Multiplier Account which can earn bonus interest is 50k.

To earn higher interest rate tiers, u need to be able to clock/hit the transaction limits to earn the higher interest rate on your 50k. The minimum transaction limit u must hit to earn bonus interest is 2k, ie Total transactions of Income + total transactions of each category must hit at least 2k to start earning bonus interest.

So the higher the transaction total u can clock/hit, the higher the interest rate. To get the highest interest rate of 3.5% pa, u need to clock $30k per month.

So why is the DBS Multiplier Account better after Feb 1, 2020?






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