Why I Moved My Cash from Mari Invest to DBS Multiplier Account.

For the past year, I had parked my liquid cash with MariBank, specifically in Mari Invest SavePlus (Income Bond Fund).

At the time, the returns were decent for idle cash. It made sense as a place to park money that I might need on short notice, while earning more than traditional savings accounts.

However, things have changed. Mari Invest SavePlus Interest Has Fallen.

Recently, Mari Invest SavePlus is yielding around 1.46%. That’s a noticeable drop compared to around 2% a couple of months ago.

At that rate, my DBS multiplier savings accounts offering higher interest with some conditions to meet seems more attractive. So I decided to make a move.

Shifting My Cash to DBS Multiplier

I’ve started shifting my liquid cash to my DBS Multiplier Account, where I can earn around 2.1% interest.

Yes, DBS Multiplier requires you to “jump through hoops” for higher interest rate, but in my case, the hoops are things I’m already doing anyway.

Here’s what I’m qualifying under:

Salary credit
Credit card spending
Home loan with DBS

Because these are part of what i am already having with DBS, the higher interest rate is not difficult for me to achieve.

On paper, moving from 1.46% to 2.1% may not look like a huge jump.

But when you’re talking about tens or hundreds of thousands in liquid cash, that difference adds up over time. Being able to optimize my returns on idle cash without adding unnecessary complexity or risk seems like an obvious move for me.

So Where Are You Parking Your Money? Happy Savings!

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