Is the POSB Multiplier Account SDIC-insured?

Yes. The POSB Multiplier Account is SDIC-insured up to S$100,000 per depositor per member bank.

POSB Multiplier Account

Q: What is the interest rate on the POSB Multiplier Account?

The POSB Multiplier Account pays a base rate of 0.05% p.a., up to 4.1% p.a. with bonus tiers. Identical product to DBS Multiplier (POSB is part of DBS Group; same Bank & Earn programme). Bonus interest up to 4.10% p.a. on first S$100,000 based on monthly eligible transactions and category count (income + 1/2/3+ categories: 1.50%-4.10% p.a. tiers). Base interest applies when criteria unmet. Verified 4 Sept 2026 against the official POSB (DBS Group) website.

POSB (DBS Group) · Singapore · Verified 4 Sept 2026

BASE RATE

0.05% p.a.

MAX RATE (ALL TIERS)

4.1% p.a.

BALANCE CAP

S$100,000 (bonus interest; S$50,000 cap for 1-category tier)

■ BONUS TIER REQUIREMENTS

Salary credit REQUIRED

Card spend REQUIRED

Bill payments (GIRO) NOT REQUIRED

Insurance / investments via bank REQUIRED

SDIC insured YES — S$100,000 per depositor per member bank

Minimum balance S$3,000 average daily balance (S$5/month fall-below fee, waived for customers 29 and below)

Monthly fee S$5 fall-below fee if ADB below S$3,000 (waived for ages 29 and below)

HOW THE RATE WORKS

Identical product to DBS Multiplier (POSB is part of DBS Group; same Bank & Earn programme). Bonus interest up to 4.10% p.a. on first S$100,000 based on monthly eligible transactions and category count (income + 1/2/3+ categories: 1.50%-4.10% p.a. tiers). Base interest applies when criteria unmet.

SOURCE

https://www.posb.com.sg/personal/deposits/bank-earn/multiplier

POSB official Multiplier page (same examples and bonus tiers as DBS Multiplier: up to 4.10% p.a., balance caps S$50k/S$100k, eligible categories) - POSB is DBS Bank's sister brand sharing the same product

Verified 4 Sept 2026. Rates change — always confirm on the official site.