DBS Multiplier vs OCBC 360 Singapore 2026: Full Comparison

Both DBS Multiplier and OCBC 360 are Singapore’s leading bonus-interest savings accounts. They reward you with above-market interest rates when you fulfil specific monthly banking criteria — salary crediting, credit card spending, insurance premiums, investments, and more. Choosing between them depends entirely on how you actually bank.

DBS Multiplier vs OCBC 360: Key Differences 2026

Feature DBS Multiplier OCBC 360
Base interest rate 0.05% p.a. 0.05% p.a.
Max bonus interest Up to 4.1% p.a. Up to 4.65% p.a.
Interest cap (balance) S$100,000 S$100,000
Salary crediting required Yes (via GIRO) Yes (S$1,800 min)
Credit card spend required Yes (any DBS/POSB card) Yes (OCBC card, S$500 min)
Insurance bonus Yes (eligible DBS policies) Yes (eligible OCBC policies)
Investment bonus Yes (DBS Invest-Saver / funds) Yes (OCBC investments)
Mortgage bonus No Yes (OCBC home loan)

Which Account Pays More in 2026?

OCBC 360 has a higher theoretical ceiling (4.65% vs 4.1%) but requires more qualifying products. DBS Multiplier is simpler — bonus interest tiers are based on total qualifying transaction amount, making it more flexible for those with varied banking patterns. If you already hold an OCBC home loan, the 360 account adds valuable mortgage bonus interest.

Alternatives to Consider

Also compare with UOB One (fixed bonus tiers, easiest criteria), MariBank (flat 2.7% p.a. with no hoops), and GXS Bank (up to 3.48% p.a. with Grab spend). For maximum interest with minimal effort, digital banks may beat traditional bonus accounts.

See also: UOB One Account Singapore | Best Savings Account Singapore 2026 | MariBank Referral Code

Frequently Asked Questions

Which is better: DBS Multiplier or OCBC 360?
Depends on your banking profile. DBS Multiplier is more flexible; OCBC 360 offers a higher ceiling and mortgage bonus. Run the numbers based on your actual spending and products held.
What is the minimum salary credit for DBS Multiplier?
There is no stated minimum salary — any salary credited via GIRO qualifies. However, the bonus tier depends on total qualifying transactions, which include salary + card spend + other products.
Can I hold both DBS Multiplier and OCBC 360?
Yes — you can hold both, but salary can only be credited to one account to qualify for the salary bonus at each bank. You may split funds across accounts to optimise interest.
What is the OCBC 360 minimum salary?
S$1,800/month salary credit is required to earn the salary bonus component on the OCBC 360 account.
Does DBS Multiplier work with DBS PayLah?
Yes — PayLah! transactions count towards the eligible transaction categories for DBS Multiplier bonus tiers in some cases. Check DBS’s current qualifying transactions list.
What happens if I don't meet the criteria one month?
You earn only the base rate (0.05% p.a.) for that month. There is no penalty — the account remains active and bonus interest resumes in any month you qualify.
Is the bonus interest on the full balance or just up to the cap?
Both accounts pay bonus interest only on the first S$100,000. Balances above the cap earn the base 0.05% p.a.
Are there any fees for DBS Multiplier or OCBC 360?
Both accounts are free to open and maintain. No monthly fees apply as long as minimum balance requirements are met (typically S$3,000 or waived for active accounts).
Which account is better for HDB mortgage holders?
OCBC 360 — it adds a dedicated mortgage bonus tier for OCBC home loan holders, which can add 0.5–1% p.a. extra interest. DBS Multiplier does not have this category.