Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

DBS Multiplier vs OCBC 360 account

Find out how you can unlock high potential interest rates with these two accounts, as well as their pros and cons.

Zyane Tan

Updated Apr 19, 2021. What changed?

Fact checked

When looking for high-yield accounts in Singapore, you’d most likely have come across the popular DBS Multiplier and OCBC 360 accounts. These two accounts promises high potential interest rates but unlocking them requires some work.

In this review, we’ll compare their features, fees and requirement so you can decide which one is more suitable for you.

Breakdown of DBS Multiplier vs OCBC 360 account in Singapore

	OCBC 360 account	DBS Multiplier Account

	Read review	Read review
OVERVIEW
Description	Earn competitive bonus interest on the first $75,000 of your balance when you credit your salary, save, insure or invest with this account	Multiply your savings with bonus interest rates when you credit your income and meet all the account's criteria.
Maximum Potential Interest (EIR):	2.68% p.a.	3.8% p.a.
Minimum Interest Rate	0.05% p.a.	0.05% p.a.
Fall Below Fees	S$2	S$5
Minimum Initial Deposit	S$1,000	S$0
REQUIREMENTS
Minimum Balance	S$3,000	S$3,000
Minimum Age Eligibility	18 years old	18 years old
Learn more	Read review	Read review

*We selected products from each provider that were the most comparable. You can find all available products on our review pages as well as the provider’s website.

What are high-yield savings accounts?

High-yield savings accounts are deposit accounts that typically promise better returns than traditional savings or chequing accounts through tiered interest rates. However, the main caveat with such accounts is that you’ll typically be required to fulfill specific conditions, such as crediting your salary, spending on your credit card or commit to financial products offered by the bank.

High interest savings accounts

How much bonus interest can you earn from the DBS Multiplier and OCBC 360 accounts?

To give you a better idea of how much bonus interest you can get with both accounts, we’ll look at 3 examples below. For our examples, we’ll assume that you fulfill all the criteria for both accounts.

If you have an account balance of $100,000 and make $8,000 worth of eligible transactions per month, this is what you can expect from both accounts:

	DBS Multiplier Account	OCBC 360 Account
Balance cap for bonus interest	$100,000	$75,000
Criteria fulfilled per month	Income credit Credit card spend Insurance premiums Investments Home loan	Salary Save Insure Invest
Monthly eligible transactions	$8,000 (e.g. $5,000 income + $3,000 across the other categories)	N/A
Bonus interest	2% on the first $50,000 3% on next $50,000	2.33% on $75,000 0.05% base interest on entire balance
Effective interest rate	2.5% p.a	2.38% p.a
Monthly interest	$208.33	$149.79

*The interest illustrated is an estimate based on the assumption that the balance remains the same throughout the year.
In this example, you’ll accrue more total interest with the DBS Multiplier account due to the higher balance cap for bonus interest compared to the OCBC 360 account. With the OCBC 360 account, the remaining $25,000 balance after the $75,000 cap will only earn the base interest rate of 0.05%, whereas this amount would have earned bonus interest with the DBS Multiplier account.

Next, we’ll take a look at how much interest you can get with a smaller account balance of $50,000, and makes $8,000 worth of eligible transactions per month. Here’s what you can expect from both accounts:

	DBS Multiplier Account	OCBC 360 Account
Balance cap for bonus interest	$100,000	$75,000
Criteria fulfilled per month	Income credit Credit card spend Insurance premiums Investments	Salary Save Insure Invest
Total monthly eligible transactions	$8,000 (e.g. $5,000 income + $3,000 across the other categories)	N/A
Bonus interest	0.8% on first $50,000	1.5% on $50,000 0.05% base interest on entire balance
Effective interest rate	0.8% p.a	1.55% p.a
Monthly interest	$33.33	$64.58

*The interest illustrated is an estimate based on the assumption that the balance remains the same throughout the year.

In this case, the OCBC 360 account will flair better than the DBS Multiplier account

Assuming that you’re able to meet all the criteria for maximum potential interest rate, this is how much interest you’d earn with a $200,000 account balance:

	DBS Multiplier Account	OCBC 360 Account
Balance cap for bonus interest	$100,000	$75,000
Criteria fulfilled per month	Income credit Credit card spend Insurance premiums Investments	Salary Save Insure Invest Grow
Total monthly eligible transactions	$30,000 (e.g. $10,000 income + $20,000 across the other categories)	N/A
Bonus interest	2% on the first $50,000 3% on next $50,000 0.05% base interest on remaining balance	2.73% on $75,000 0.05% base interest on entire balance
Effective interest rate	2.5% p.a	2.78% p.a
Monthly interest	$212.50	$178.95

*The interest illustrated is an estimate based on the assumption that the balance remains the same throughout the year.

With a larger account balance of $200,000, you’ll be able to unlock another 0.4% bonus interest through the ‘Grow’ category with OCBC 360 account. However, since the bonus interest is capped at the first $75,000 of your account balance, the monthly interest from the OCBC 360 stills pales in comparison to the DBS Multiplier.

How to decide between the DBS Multiplier and OCBC 360 accounts

Since both the DBS Multiplier and OCBC 360 accounts have their fair share of pros and cons, the account you should go for would bog down to your lifestyle and and financial capabilities.

The DBS Multiplier account may be ideal for you if:

If you have a high income or substantial monthly expenditure (including home loan, insurance and investment products)
You have a DBS credit card and actively charging your expenses to it
You’re a DBS loyalist with commitment in its home loan, insurance and investment products
You’re self-employed and have eligible dividends

The OCBC 360 account might be suitable if:

You’re able to consistently increase your month-to-month balance by at least $500
You have a sizable balance and able to maintain at least $200,000 to unlock the Grow bonus
You’re intending to commit to insurance or investment products offered by OCBC
Able to credit at least $1,800 monthly salary via GIRO

Pros and cons

Both the DBS Multiplier and OCBC 360 accounts are high-yield savings accounts, but they’re structured differently and catered to account holders with varying financial habits. While both of these accounts come with a host of benefits, they’re not without their downsides.

DBS Multiplier Account

The DBS Multiplier is great if you’re a high-income DBS loyalist with sizable monthly expenses spread across various categories, such as credit card spend, home loan payments, insurance and investments. Take a look at some of the pros and cons of the DBS Multiplier account:

Advantages

No qualifying amount for Income category. The only criteria for the Income category is that your salary must be credited through GIRO.
Dividends qualify under Income category. Dividends from Central Depository (CDP), DBS Vickers Securities, DBS Online Equity Trading (OET), DBS Unit Trusts, DBS Online Funds Investing, DBS Invest-Saver are qualified for the Income category.
No initial deposit required. While most high yield accounts require a minimum opening deposit, this one doesn’t.
Higher balance cap for bonus interest. The DBS Multiplier account offers bonus interest for up to $100,000 of your account balance.
More category options. Home loan payments and credit card spend count towards your total monthly eligible transactions.
Alternative tracks for bonus interest. There are two other options to earn bonus interest even if you’re unable to meet the required categories.

Disadvantages

No step-up bonus. There is no incentive for month-to-month balance increment.
Mandatory salary/dividend credit. To be eligible for bonus interest, salary credit is compulsory for all account holders above 29 years old.
Financial products must be purchased via DBS. Three of the qualifying categories (home loan, insurance and investment) require you to commit to products from DBS.
12-month limit for insurance and investment. The financial product(s) will only be counted as a multiplier action for 12 months. After that, you’ll need to commit to a new insurance scheme or investment product to fulfil these two categories for another 12 months.
Extra categories required for bonus interest on a higher balance. To earn bonus interest on account balance over $25,000, you’ll need to transact in 2 or 3 additional categories.
Balance eligible for bonus interest will not earn base interest. Account balance eligible for bonus interest will not earn any base interest on top of it.

OCBC 360 Account

The OCBC 360 Account is a good choice for young working adults and frugal savers looking to make their money work hard for them through bonus interest for consistent increase in month-to-month balance, investments, insurance and maintaining a high account balance. Here are the pros and cons for the OCBC 360 Account:

Advantages

No minimum monthly spend. Other than the insurance and investment categories, you’re not required to meet any qualifying monthly spend to earn bonus interest.
Step-up bonus. OCBC 360 account offers bonus interest for consistent monthly savings, incentivising you to build your account balance.
Bonus for high account balance. If you’re able to maintain at least $200,000 in your account every month, you’d be able to unlock an extra 0.4% p.a. interest on your first $75,000 balance.
Fall-below fee waiver. You’ll not incur a fall-below fee if your daily average balance is less than $3,000 for the first year.
Base interest applied to the entire balance. Your full account balance is eligible to accrue the base interest rate. This means that the first $75,000 can earn both base and bonus interest.

Disadvantages

Minimum requirement for salary credit. Your monthly income needs to be at least $1,800 and credited via GIRO to qualify for the Salary category.
Initial deposit. You’re required to deposit at least $1,000 when you open an OCBC 360 account.
Lower balance cap for bonus interest. You can only accrue bonus interest on the first $75,000 of your account balance.
Fewer category options. No spend bonus or mortgage categories for those looking for other ways to meet bonus interest criteria.
No alternative tracks for bonus earn. There’s only one option to earn bonus interest with this account, which is to fulfill as many of the five available categories as possible.
12-month limit for insurance and investment. The financial product(s) will qualify for 12 months of bonus interest. After this period, you’ll need to commit to a new insurance scheme or an investment product from OCBC to fulfil these two categories for the next 12 months.

How to apply

Take a look at the eligibility, required documents and step-by-step application process for both the DBS Multiplier and OCBC 360 accounts in detail here:

To begin your application for the DBS Multiplier Account, simply head to DBS’ website and click ‘apply now’. Before applying, you should make sure that you meet the eligibility criteria and have the required documents on hand.
Eligibility
To apply for a DBS Multiplier Account, you must be:
- A Singaporean, Singapore PR or foreigner with a valid visa.
- At least 18 years old.
Required information
If you’re a new DBS customer, you should have the following documents on hand to speed up your application:
- Singaporeans and permanent residents:
  - Front and back photocopy of your NRIC/passport
  - Proof of residential address (if it’s different from the one in your NRIC)
- Foreigners:
  - Valid passport
  - Proof of employment/study or visit pass
  - Proof of residential address: e.g. utility bills, telco bills, bank statements or letters from government bodies dated within the last 3 months.
Online application process
1. Click on the ‘Apply now’ button on the DBS Multiplier Account page.
2. Select your preferred mode of application.
3. For existing DBS customers: choose between iBanking or debit/ATM card.
4. For new customers: click on ‘none of the above’.
5. Select ‘Use MyInfo’ if you have a SingPass account to prefill your application.
6. If you have none of the above, click ‘Continue without MyInfo’ to proceed.
7. Fill in the required fields and upload any necessary documents.
8. Submit your application.
9. Allow time for DBS to get in touch with further instructions.
To begin your application for the OCBC 360 Account, simply head to OCBC’s website and click on the ‘apply now’ button. Before applying, you should make sure that you meet the eligibility criteria and have the required documents on hand. This account also requires an initial deposit of $1,000.
Eligibility
To apply for an OCBC 360 Account, you must be:
- A Singaporean, Singapore PR or foreigner with a valid visa.
- At least 18 years old.
Required information
If you’re a new OCBC customer, you should have the following documents on hand to speed up your application:
- Singaporeans and permanent residents:
  - Front and back photocopy of your NRIC/passport
  - Proof of residential address (if it’s different from the one in your NRIC)
- Foreigners:
  - Valid passport
  - Proof of employment/study or visit pass
  - Proof of residential address: e.g. utility bills, telco bills, bank statements or letters from government bodies dated within the last 3 months.
Online application process
1. Click on the ‘Apply now’ button on the OCBC 360 account page.
2. Select your preferred mode of application.
3. For existing OCBC customers: click on ‘Log in to Internet banking’.
4. For new customers with SingPass: click on ‘Apply with MyInfo’. This will allow you to prefill the application by retrieving personal data from MyInfo.
5. If you don’t none of the above, click on ‘Fill in application form’ to proceed.
6. Fill in the required fields and upload any necessary documents.
7. Submit your application.
8. Allow time for OCBC to get in touch with further instructions.

The verdict

Both the DBS Multiplier and OCBC 360 accounts are great options, but do know that they don’t offer the same set of perks.

In terms of accessibility, it is easier for account holders to unlock the bonus interest rates offered by OCBC 360 account. In addition, it doesn’t require account holders to meet a sizable monthly spending to gain bonus interest. Those who build up their account balance will also be rewarded with extra interest rewards. Unfortunately, the main caveat of the OCBC 360 account is that the bonus interest rates are only limited to S$75,000 of your account balance.

As for the DBS Multiplier account, it’ll be more suitable for frequent spenders and those with a larger account balance. But it’s also considerably harder to qualify for its rewards and perks.

Before deciding which of these two accounts is better for you, make sure to compare other savings accounts available in the market.

Compare a range of savings accounts in Singapore

Name	Minimum Initial Deposit	Fall below monthly fees	Minimum annual interest rate	Maximum annual interest rate
POSB SAYE Account	S$0	S$0	0.05% p.a.	0.2% p.a.	Unlock higher interest when you credit your salary, save a preset amount and make no withdrawals from this special savings account.	View details		loading Fetching your data...
SC JumpStart Account	S$0	S$0	0%	1% p.a.	A day-to-day banking account with attractive interest rates and cashback on debit card spending for young adults Between 18 and 26 years old.	View details		loading Fetching your data...
CIMB StarSaver (Savings)-i Account	S$1,000	S$0	0.3% p.a.	0.3% p.a.	This Shariah-compliant savings account come with competitive profit rates and a wide range of banking features.	View details		loading Fetching your data...
UOB Stash Account	S$1,000	S$2	0.05% p.a.	1% p.a.	This simple, no-frills account offers competitive interest when you maintain or increase your monthly average balance.	View details		loading Fetching your data...
DBS eMySavings Account	S$50	S$0	0.05% p.a.	0.25% p.a.	Grow your balance with a savings account that offers higher interest rates when you credit a preset amount each month.	View details		loading Fetching your data...
Maybank iSAVvy Savings Account	S$500	S$2	0.19% p.a.	0.5% p.a.	Meet day-to-day banking needs and achieve your saving goals by creating sub-accounts through online banking.	View details		loading Fetching your data...
DBS Multiplier Account	S$0	S$5	0.05% p.a.	3.8% p.a.	Multiply your savings with bonus interest rates when you credit your income and meet all the account's criteria.	View details		loading Fetching your data...
POSB eMySavings Account	S$0	S$0	0.05% p.a.	0.25% p.a.	Earn special interest rates when you grow your month-to-month balance consistently with this preset monthly savings account.	View details		loading Fetching your data...
CIMB StarSaver (Savings) Account	S$1,000	S$0	0.3% p.a.	0.3% p.a.	A savings account with competitive interest rates and access to over 6,000 CIMB ATMs across the region.	View details		loading Fetching your data...
BOC SmartSaver	S$1,500	S$3	0.3% p.a.	0.5% p.a.	Designed for BOC Multi-Currency Savings (MCS) account holders, this savings plan offer bonus interest when you meet certain requirement.	View details		loading Fetching your data...
OCBC 360 account	S$1,000	S$2	0.05% p.a.	2.68% p.a.	Earn competitive bonus interest on the first $75,000 of your balance when you credit your salary, save, insure or invest with this account	View details		loading Fetching your data...
POSB My Account	S$0	S$0	0.05% p.a.	2% p.a.	This simple savings account has no minimum balance requirement and comes with a wide range of essential banking features.	View details		loading Fetching your data...
CIMB FastSaver Account	S$1,000	S$0	0.05% p.a.	0.3% p.a.	The CIMB FastSaver is a savings account that offers tiered interest rates based on the size of your account balance	View details		loading Fetching your data...
UOB Passbook Savings Account	S$500	S$2	0.05% p.a.	0.5% p.a.	Manage your finances anytime, anywhere with this simple savings account with high daily interest rate.	View details		loading Fetching your data...
OCBC Bonus + Savings Account	S$5,000	S$2	0.05% p.a.	0.5% p.a.	A simple, no-frills savings account that offers higher interest when you grow your month-to-month balance and make no withdrawals, up to 0.5% p.a.	View details		loading Fetching your data...
POSB Everyday Savings Account	S$0	S$2	0.05% p.a.	0.2% p.a.	An everyday savings account that offers cashback on your DBS/POSB debit card spend.	View details		loading Fetching your data...
UOB Lady’s Savings Account	S$1,000	S$2	0.05% p.a.	0.05% p.a.	Benefit from complimentary medical insurance cover, free annual health screenings and more with this female-only savings account.	View details		loading Fetching your data...
OCBC Monthly Savings Account	S$0	S$2	0.05% p.a.	0.1% p.a.	With this savings account, you stand to earn higher interest when you save regularly without making any withdrawals.	View details		loading Fetching your data...
CIMB FastSaver-i Account	S$1,000	S$0	0.5% p.a.	1.5% p.a.	This Shariah-compliant online savings account offers competitive profit rates and doesn't require fulfilling multiple conditions.	View details		loading Fetching your data...
OCBC Global Savings Account	S$5,000	S$0	0.02% p.a.	0.04% p.a.	Meet your transactional needs in up to 8 major currencies with this multi-currency savings account.	View details		loading Fetching your data...
UOB Junior Savers Account	S$500	S$500	0.05% p.a.	0.05% p.a.	A savings account with complimentary life insurance coverage for juniors aged 16 years old or younger and below.	View details		loading Fetching your data...
Maybank Youngstarz Account	S$10	S$0	0.19% p.a.	0.38% p.a.	Benefit from complimentary insurance and birthday privileges as you kick start your child’s financial journey with this junior savings account.	View details		loading Fetching your data...
UOB Child Development Account	S$0	S$0	0.05% p.a.	0.2% p.a.	Kickstart your child’s long-term financial plans with this special savings account to receive payouts granted by the Baby Bonus Scheme.	View details		loading Fetching your data...
CIMB Foreign Currency Savings Account	S$1,000	S$0	0%	0%	Manage your finances conveniently and transact in 5 major currencies, including AUD,EUR,GBP,JPY,USD	View details		loading Fetching your data...
DBS Multi-Currency Account	S$0	S$7.50	0.05% p.a.	3.8% p.a.	Access 12 foreign currencies and SGD within a single account and transact at your preferred rates.	View details		loading Fetching your data...
UOB Uniplus Account	S$500	S$2	0.05% p.a.	0.7% p.a.	A statement-based savings account with features for convenient day-to-day banking needs.	View details		loading Fetching your data...
Maybank SaveUp Account	S$500	S$2	0.19% p.a.	0.3% p.a.	Earn up to 0.3% p.a. on the first S$50,000 of your savings when you commit to three or more eligible financial products with Maybank.	View details		loading Fetching your data...
DBS My Account	S$0	S$0	0.05% p.a.	3.8% p.a.	Choose from over pre-loaded 150 banking features and tailor this digital multi-currency bank account to your banking needs.	View details		loading Fetching your data...
BOC SGD Savings Account	S$1,000	S$2	0.25% p.a.	0.48% p.a.	This is an interest bearing SGD passbook Savings account. Customer enjoys the flexibility to withdraw from the account at any time, ensuring maximum flexibility.	View details		loading Fetching your data...
Maybank Privilege Plus Savings Account	S$500	S$2	0.44% p.a.	0.5% p.a.	Benefit from attractive interest rates and complimentary insurance this savings account catered to customers aged 50 years old and above.	View details		loading Fetching your data...
BOC Multi-Currency Savings Account	S$1,500	S$3	0.25% p.a.	0.48% p.a.	Meet your transactional needs in Singapore dollars and nine foreign currencies with this statement-based consolidated account.	View details		loading Fetching your data...
Maybank iSAVvy Savings Plus Account	S$500	S$2	0.19% p.a.	0.38% p.a.	A no-frills savings account that offers competitive interest rates.	View details		loading Fetching your data...
BOC Gold Savings Account	S$1,500	S$0	0.25% p.a.	0.48% p.a.	This account is designed to facilitate the trading and investment of gold.	View details		loading Fetching your data...
Maybank Passbook Savings Account	S$500	S$2	0.19% p.a.	0.23% p.a.	A simple yet feature-packed savings account with attractive interest rates.	View details		loading Fetching your data...
Citibank MaxiGain	S$0	S$15	0.01% p.a.	0.61% p.a.	Manage day-to-day transactional needs conveniently with this USD checking account.	View details		loading Fetching your data...
DBS Fresh Graduates’ Bundle	S$0	S$0	0.05% p.a.	1.5% p.a.	Pave the way towards financial independance as with the DBS Multiplier account and DBS Live Fresh card.	View details		loading Fetching your data...
CIMB Junior Saver Account	S$1,000	S$0	0.4% p.a.	0.7% p.a.	Enjoy competitive interest rates and exclusive perks with this junior savings account designed for children aged 12 years and below.	View details		loading Fetching your data...
Citibank MaxiSave Account	S$15,000	S$0	0.01% p.a.	0.01% p.a.	An interest-bearing checking account with competitive interest rates.	View details		loading Fetching your data...
HSBC Everyday Global Account (EGA)	S$2,000	S$2,000	0%	0.75% p.a.	This multi-currency account offers a wide range of banking features and supports 11 global currencies, including USD and RMB.	View details		loading Fetching your data...
UOB Wealth Premium Account	S$100,000	S$0	0.05% p.a.	0.05% p.a.	Grow your wealth and earn attractive interest rates with this interest-bearing chequeing and savings account.	View details		loading Fetching your data...
CIMB StarSaver-i Account	S$5,000	S$0	0%	0.3% p.a.	Earn competitive profit rates with this Shariah-compliant account with both checking and savings facilities.	View details		loading Fetching your data...
Citibank Step-Up Account	S$15,000	S$15	0.01% p.a.	0.13% p.a.	This savings account offer up attractive step-up balance up to0.13% p.a. for month-to-month balance growth.	View details		loading Fetching your data...
CIMB StarSaver Account	S$5,000	S$0	0.3% p.a.	0.3% p.a.	This combined current and savings account offers three interest tiers based on the size of your account balance.	View details		loading Fetching your data...
OCBC Frank Account	S$0	S$2	0.05% p.a.	0.3% p.a.	This fee-free starter account offers 4x higher interest than regular savings accounts and a customisable debit card.	View details		loading Fetching your data...
UOB Privilege Account	S$350,000	S$0	0.05% p.a.	0.55% p.a.	Earn premium interest rates based on your daily balance with this chequeing account.	View details		loading Fetching your data...
Citibank Tap and Save Account	S$15,000	S$15	0.01% p.a.	0.13% p.a.	Get 2% cash rebate with every EZ-Link Reload and 1% cash rebate on any other transaction with this savings account.	View details		loading Fetching your data...
SC USD High Account	S$1.34	S$0		0.2% p.a.	View details		loading Fetching your data...

Compare up to 4 providers

Disclaimer: Interest rates are applicable for deposits between S$1,000 and S$49,999. Interest rate and initial deposit are shown in Singapore dollars. Please check with the provider for deposits and rates in other amounts and currencies.

Thank you for your feedback!

Zyane Tan

Zyane Tan is an associate editor at Finder. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. When she’s not busy typing away, she’s reading and musing over a pint.

OCBC 360 Review Foreign currency fixed deposit in Singapore

More guides on Finder

Best student debit cards
Enjoy convenient payments and a wide range of benefits with debit cards options that match the fast-paced lifestyles of students and young adults.
How to buy stocks online
Learn how to buy stocks online by following our 7 step guide for Singaporeans.
Collateral loans: what counts as collateral?
Find out the main types of assets that can be used as collateral for personal loans, car loans and business loans.
Personal Loans for Foreigners in Singapore (2021)
Compare loans you could qualify for as a foreigner and learn how to apply without hassle.
Best credit cards for online shopping
Whether you’re looking to save on interest costs, earn reward points or need peace of mind that purchases are secure, we’re here to help you compare the best credit cards for online shopping.
Best credit cards for big purchases
When it comes to big-ticket items, here’s how a credit card could work for you.
The best credit card for insurance payments
Learn how to choose the best credit cards for paying insurance premiums and apply securely.
Best credit cards for wedding expenses in 2021
Find the right credit card for funding your wedding, including unlimited cashback, rewards and low-interest cards.
How to open multiple savings accounts
It’s possible to open more than one savings account with the same or different banks, but each comes with its own set of benefits and downsides.
Best Shopping Credit Cards
Discover the benefits you can get in-store and online with a shopping credit card.

Ask Finder

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

DBS Multiplier vs OCBC 360 account

Find out how you can unlock high potential interest rates with these two accounts, as well as their pros and cons.

In this guide

Guides

Savings Accounts

Comparisons

Breakdown of DBS Multiplier vs OCBC 360 account in Singapore

OCBC 360 account

DBS Multiplier Account

What are high-yield savings accounts?

How much bonus interest can you earn from the DBS Multiplier and OCBC 360 accounts?

Example 1 - $100,000 account balance, $5,000 monthly salary and $3,000 monthly expenditure

Example 2 - $50,000 account balance, $5,000 monthly salary and $3,000 monthly expenditure

Example 3 - $200,000 account balance and maxed out every criteria

How to decide between the DBS Multiplier and OCBC 360 accounts

Pros and cons

DBS Multiplier Account

OCBC 360 Account

How to apply

DBS Multiplier Account

OCBC 360 Account

The verdict

Compare a range of savings accounts in Singapore

Compare up to 4 providers

Zyane Tan

More guides on Finder

Ask Finder

Advertiser Disclosure