New Year, New Salary Strategy: Stack Cash Rewards and High Interest with DBS Multiplier
If the new year has you thinking about getting your money in better shape, this promo is a nice nudge.
DBS/POSB is handing out up to S$300 in cash and letting you earn up to 4.1% p.a. interest when you credit your salary and use a DBS Multiplier account.
Think of it as:
- A welcome “angbao” for crediting your salary, plus
- A bonus for using the bank for your everyday money tasks.
What’s on the Table?
Here’s what you can get:
- S$250 cash reward for crediting your salary for 4 months
- Up to S$50 extra for doing your taxes and starting on retirement savings
- Up to 4.1% p.a. interest on your savings with a DBS Multiplier account when you transact with the bank
All this is wrapped into one promotion, with a registration deadline of 31 Oct 2026 and rewards capped to the first 12,000 qualified customers.
Step 1: Credit Your Salary and Get S$250
This is the main chunk of the promo.
You’ll get S$250 cash when you:
- Register for the promotion by 31 Oct 2026.
- Credit your salary via GIRO (SAL/PAY) into any DBS/POSB account for 4 consecutive months.
- Minimum S$1,600/month
- For NSFs, minimum S$500/month NSF allowance
- Make sure the GIRO is tagged correctly as salary (SAL/PAY) – this usually means informing your HR to update your salary crediting details.
Important eligibility note:
You must not have credited your salary with POSB/DBS between 1 Jan to 31 Dec 2025. If you haven’t been using them for salary crediting in that period, you’re the target of this promo.
Once you’ve completed the 4 months, the S$250 will be credited into your salary crediting account within 2 months, as long as you meet all the conditions and are among the first 12,000 to qualify.
Step 2: Use a Multiplier Account to Earn Up to 4.1% p.a.
Next, the interest boost.
To unlock up to 4.1% p.a., you’ll need a DBS Multiplier account:
- If you don’t have one yet, open a Multiplier account.
- Then, transact with DBS/POSB alongside your salary crediting.
Your salary crediting is one piece of the puzzle; the more you use the bank for your money activities, the higher the interest tier you can unlock on your Multiplier account balance.
The key takeaway:
Salary crediting + using DBS/POSB for more of your financial life = the potential to earn higher interest, up to 4.1% p.a.
Step 3: Add Up to S$50 More in Cash Rewards
On top of the S$250, there are two small but easy bonuses you can stack during the same first 4 consecutive months of salary crediting.
1. Get S$40 for Paying Tax via GIRO
You can earn S$40 by:
- Setting up a GIRO arrangement from any DBS/POSB account for your Income Tax or Property Tax via:
- IRAS myTax Portal, or
- DBS digibank
- Having at least one successful GIRO deduction during the promo period.
If you’re paying tax anyway, this is like getting paid to automate it.
2. Get S$10 for Starting an SRS Account
You can earn S$10 when you:
- Open a Supplementary Retirement Scheme (SRS) account with DBS/POSB, and
- Contribute at least S$10 via digibank.
SRS is a retirement savings scheme with tax perks; this promo gives you a small “starter push” to open and fund it.
Add these together, and you can get:
- S$250 (salary crediting)
- S$40 (tax via GIRO)
- S$10 (SRS contribution)
That’s up to S$300 cash, on top of higher interest potential.
Who Is This For?
This promo works especially well if you see yourself in any of these groups:
- You’re starting a new job or switching jobs
Perfect time to decide where your salary goes. Redirecting it to DBS/POSB can turn into S$250 + higher interest. - You haven’t been crediting your salary with DBS/POSB recently
If your salary did not go into DBS/POSB between 1 Jan–31 Dec 2025, you’re exactly who this is targeting. - You’re an NSF with a regular allowance
With a lower minimum (S$500/month), NSFs can join in too and still earn the S$250. - You already pay income or property tax
Setting up GIRO from a DBS/POSB account turns a routine payment into a S$40 reward. - You’ve been meaning to start on retirement savings
Opening an SRS account and putting in S$10 is a low-commitment way to begin, and you get S$10 back.
If you tick more than one of these, this promo becomes even more attractive.
Final Takeaway: Don’t Leave Free Money on the Table
To recap what you can do:
- Register for the promotion before 31 Oct 2026.
- Credit your salary (or NSF allowance) via GIRO SAL/PAY into a DBS/POSB account for 4 straight months.
- Open and use a DBS Multiplier account to aim for up to 4.1% p.a. interest.
- Set up GIRO for your income/property tax and let one deduction go through for S$40.
- Open an SRS account and contribute S$10 for another S$10 reward.
Just by redirecting where your money flows and automating a few tasks you’d likely do anyway, you can walk away with up to S$300 cash plus boosted interest on your savings.