DBS offers new multiplier scheme to reward customers

DBS Bank has introduced a new programme, DBS Multiplier Programme, to reward the emerging affluent for consolidating their finances with the bank.

The programme, hailed as the first of its kind, enables customers to enjoy up to 2.08 per cent per annum in interest rates for their savings.

Instead of account balances, the bank will recognise four key streams of cash flow in determining the interest rates on saving balances: salary, investment dividends from the Central Depository, mortgage instalment and credit card spending.