DBS Premier Income Account FAQs

Benefits | Eligibility and Requirement | Services and Charges
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Frequently Asked Questions

  1. How can I get information on interest rates for Premier Income Account?

    You may view the S$ Fixed Deposits interest rates on our website via Rates Online or call 1800 111 1111. As a Premier Income Account customer, you will enjoy an additional 0.10%p.a. on top of the prevailing first tier rate for deposits of S$1,000 to S$9,999, depending on market conditions.

  2. Can I close the Premier Income Account or withdraw my fixed deposit before it matures?

    Yes, you can. However, you may receive zero interest or less interest than that originally contracted.

  3. How is the interest calculated if I withdraw my fixed deposit before it matures?

    We adopt the industry's guideline of paying interest based on the completed quarters of a calendar year. That is, interest is not paid if the completed period of deposit is shorter than 3 months. However, do note that if the completed period of deposit is 3 months or more, you may still earn less or no interest. More importantly, we will return the full principal amount. Please check with our branch staff for more details and consider carefully before performing a premature withdrawal.

  4. Can I convert my personal Premier Income Account into a joint account? Are there any charges for the conversion?

    Yes, you may. Please visit any branch to do so. There is no charge for the conversion.

  5. What will happen to my Premier Income Account if I die?

    For a personal account, only the administrator or executor of your estate can make a claim on your account. Upon receiving notification of your death, any monthly interest payment/annual interest payment linked to the account will be stopped. Upon maturity, the Fixed Deposit (principal and interest) will be automatically renewed for the same tenor at the prevailing interest rate.

    For a joint account, the surviving account holder can claim the money in the account.

  6. What happens if the balance in my Premier Income Account is zero?

    We will close your account if the balance in your account remains zero for 12 months.

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