DBS Multiplier Account Alternatives 2026Better High-Yield Savings Options
Tired of DBS Multiplier's complex requirements? Discover simpler, higher-yield alternatives from Trust Bank, MariBank, OCBC 360, and more. Get better rates with fewer strings attached.
Why Look for DBS Multiplier Alternatives?
DBS Multiplier Requirements:
Common Problems:
• Too Complex: Requires juggling multiple banking products
• High Requirements: Not suitable for young professionals
• Inconsistent Returns: Easy to miss requirements and get base rate
• Lock-in Effect: Need home loan/investment to maximize returns
• Rate Reductions: DBS has reduced rates multiple times
Best DBS Multiplier Alternatives Comparison
Trust Bank Trust Savings Account
Requirements
Salary crediting S$2,500
Min: S$1
Pros
- No minimum balance
- High interest up to S$75,000
- Easy digital banking
Cons
- Salary crediting required
- Interest caps at S$75,000
Best for: Young professionals with moderate salary
MariBank SaveUp Account
Requirements
Spend S$500 on debit card + salary credit
Min: S$1
Pros
- Highest interest rate
- User-friendly app
- No fall-below fees
Cons
- Spending requirement
- Digital bank only
Best for: Active spenders who prefer digital banking
OCBC 360 Account
Requirements
Salary + spend + invest components
Min: S$3,000
Pros
- Highest potential rate
- Multiple bonus categories
- Established bank
Cons
- Complex requirements
- Higher minimum balance
Best for: High earners who can meet multiple requirements
UOB One Account
Requirements
Spend S$500 + 3 GIRO transactions
Min: S$1,000
Pros
- Simple requirements
- Stable traditional bank
- Good customer service
Cons
- Lower interest rate
- Monthly requirements
Best for: Conservative savers who prefer simplicity
CIMB FastSaver Account
Requirements
No requirements
Min: S$1,000
Pros
- No conditions needed
- No fall-below fees
- Instant access
Cons
- Lower interest rate
- Limited branch network
Best for: Emergency fund storage with no strings attached
Quick Comparison Table
| Bank | Max Rate | Min Amount | Key Requirement | Complexity |
|---|---|---|---|---|
| DBS Multiplier | 2.5% | S$3,000 | Salary + Spend + Loan/Investment | Very High |
| Trust Bank | 2.5% | S$1 | Salary crediting S$2,500 | Low |
| MariBank | 2.8% | S$1 | Spend S$500 on debit card + salary credit | Low |
| OCBC | 3.05% | S$3,000 | Salary + spend + invest components | High |
| UOB | 2.0% | S$1,000 | Spend S$500 + 3 GIRO transactions | Medium |
Which Alternative Is Right for You?
Young Professional
Salary S$2,500-4,000, simple requirements
2.5% with just salary crediting
Active Spender
High spending, wants maximum returns
2.8% for active debit card users
High Earner
Can meet complex requirements
3.05% with full optimization
How to Switch from DBS Multiplier
Before You Switch:
- • Calculate your current effective interest rate
- • Check for any account closure fees
- • Ensure you can meet new bank requirements
- • Update GIRO arrangements
- • Keep some buffer in DBS during transition
Switching Process:
- • Open new account online (Trust Bank/MariBank)
- • Transfer funds gradually
- • Set up salary crediting to new account
- • Update payment arrangements
- • Monitor first month to ensure requirements met
Ready to Find a Better Savings Account?
Compare all Singapore savings accounts and find the perfect alternative to DBS Multiplier