DBS revises certain terms for its Multiplier savings account

DBS has revised a couple of its terms for its flagship savings account - the DBS Multiplier - for the new year.

The savings account lets customers earn interest that is stepped up according to the number and total value of transactions made with the bank, with the interest also tiered according to the balance held by the customer in this account.

The bank's peers have similar savings programmes, but they all compete by varying the type of qualifying transactions, and the balance required to earn a certain amount of interest.