DBS Multipler Programme has increased the interest rate!

DBS Multiplier programme encourages consumers to perform total banking with DBS. For those who are not familiar with the DBS multiplier Programme, you can check out one of my earlier posting here.

With immediate effect, DBS bank has revised the interest rates of this programme and its to the benefit of the consumers. Below are the new interest rates. 

Total Monthly Cash Flow#	Higher Interest Rate (p.a.)*
S$7,500 to <S$10,000	0.98%
S$10,000 to <S$12,500	1.28%
S$12,500 to <S$15,000	1.48%
S$15,000 to <S$20,000	1.68%
S$20,000 and above	2.08%

When compared to the old interest rates, DBS bank has raised the interest rates of the top 3 tiers. The highest tier now enjoys the interest rate of 2.08% ( up from 1.58%  previously). This certainly makes things even more compiling to consolidate all financial transactions with DBS now.