CPF Investment Account

At a Glance

Maximise Your CPF Returns

Earn potentially higher returns by investing your CPF savings in CPF Board-approved unit trusts, at 0% sales charges.

Diversify Your Investments

Invest in a range of assets including stocks, bonds, REITs, and more, to potentially maximise returns and manage risk.

Boost Your Retirement Income

Invest in CPFIS at any age, including after 55 when your Special Account (SA) closes.

Understanding CPFIA and Its BenefitsA CPF Investment Account (CPFIA) allows you to invest your CPF savings in a wide range of assets, potentially increasing your returns for a more secure retirement. CPFIA is a core component of Singapore's CPF Investment Scheme (CPFIS).

You can start investing if you have at least S$20,000 in your Ordinary Account (OA). From 1 Apr 2008, only monies in excess of $20,000 in your OA can be invested.

Investments purchased using your OA funds will be held in your CPFIA.

When you sell investments, the proceeds are deposited into your CPFIA. You can then transfer funds back to your OA. (See: Transfer from CPF Investment Account to CPF Ordinary Account).

Here's How it Works: A 10-Year Comparison

Feature	Without Investing (OA only)	With Investing (CPFIA)	Difference
Initial OA	$60,000	$20,000 (OA) + $40,000 (CPFIA)
Assumed OA Return	2.5% p.a. (3.5% on first $20,000)	2.5% p.a. (3.5% on first $20,000)
Assumed CPFIA Return	N/A	5% p.a. (illustrative Example)
Year 1 Earnings	$1,700	$2,700	$1,000
10-Year Compounded Returns	$19,045.75	$33,960.31	$14,914.56

(Note: Investment returns are not guaranteed and may vary. This example uses assumed rates of return for illustrative purposes only.)Investment Options with DBS: DBS offers a range of investment options through CPFIA to help you potentially grow your savings. These are examples, and other options may be available. Remember that all investments carry risk.

Singapore Government Securities (SGS): Low-risk, government-backed bonds offering predictable returns. Suitable for investors seeking steady growth with minimal risk.
Find out more.

Unit Trusts: Professionally managed, diversified investments offering the potential for higher returns than traditional savings. Suitable for long-term growth.
Find out more.

Exchange Traded Funds (ETFs), Stocks, REITs, Corporate Bonds, and Gold Shares: Diversify your portfolio with a range of assets offering various risk and return profiles.
Find out more.

Please refer to the schedule of charges for the charges involved.For Customers Aged 55 and Above:If you've reached your Full Retirement Sum (FRS) in your Retirement Account (RA), any excess funds from your Special Account (SA) are transferred to your OA. You can then choose to leave the minimum $20,000 in your OA and invest the remaining amount via CPFIA.

Eligibility Requirements

You are a CPF member

Age 18 and above

Singapore Citizens (SC) or Permanent Residents (PR)

You are not an undischarged bankrupt

You have more than S$20,000 in your CPF Ordinary Account

You do not have an existing CPF Investment Account with another bank

Apply nowOpen Your CPFIA: Quick & Easy Online ApplicationFor the quickest and easiest way to open your CPFIA, simply apply online using digibot.

Step 1

Read through all the requirements and complete SAQs before opening.

Step 2

Confirm SAQs completion and mobile number.

Step 3

Verify CPF Account Number (NRIC for Singaporeans/PRs).

Step 4

Select your preferred reference account.

Step 5

Indicate your preference for receiving corporate information.

Step 6

Confirm application details before submitting.

Alternatively, visit a branch with a completed CPF Investment Scheme Self-Awareness Questionnaire and Account Opening Form.Refer here for full terms and conditions.

Start investing your CPF with DBSInvesting with CPF-OA funds is easy. Do it at your convenience online with digibank or link your CPFIA to your DBS Vickers Account.

Are you a digibank user?

Go to “Invest” to get started.

Have a DBS Vickers Account?

Choose CPF as your settlement mode.

Get more Benefits

Earn bonus interest on your Multiplier Account when you invest with your POSB CPFIA. Dividends count too! Find out more.

Frequently Asked Questions

What should I expect from a Corporate Action event?

For Rights Events, visit go.dbs.com/sg-rights for more details.

For Scrip Dividend Scheme Events, visit go.dbs.com/sg-dvop for more details .

For Tender Events, visit go.dbs.com/sg-tenders for more details.

For Warrant Exercise Events, visit go.dbs.com/sg-warrants for more details.

What is the CPFIS Self-Awareness Questionnaire (SAQ)?

You must take the SAQ if you have not opened a CPF investment Account or invested in the CPF Investment Scheme – Special Account before. If you have a CPFIA account, you are encouraged to take the SAQ. The SAQ is to help CPF members self-assess if they have basic financial knowledge and whether the CPFIS is suitable for them. You can access the SAQ via the CPF website after logging in with your SingPass. Under Tools > Assessment Tools > Take the CPFIS Self-Awareness Questionnaire (SAQ).

Can I invest with you if my CPF Investment Account is with another bank?

Yes, you can speak to us on how you can maximise your CPF-OA funds.

How can I check, track and manage my CPFIA’s investments?

Access your account details and portfolio information quickly and easily through digibank and ATMs. Available services include:

Account Information: View your available CPFIA balance, and stock and gold limits.
Portfolio Holdings: View your current investment holdings.
Refund to CPF-OA: Transfer funds from your CPFIA to your CPF-OA via iBanking and ATM only.
Investment Purchases: Purchase investments such as Unit Trusts (available only if your CPFIA is with DBS)
Electronic Security Application (ESA): Submit your ESA via iBanking and ATMs (ESA results inquiry available via iBanking only).

Can I have multiple CPF Investment Accounts?

You can only have one CPF Investment Account at any point of time. If you have an existing CPFIA with another CPFIA agent bank and wish to transfer to DBS, please visit any of our branches to do the CPFIA transfer.

How do I transfer my CPFIS Account from another bank to DBS?

You can visit any of our branches to complete and sign the following forms:

CPFIS-Inter-Bank Transfer Form
CPFIA Account Opening Form

The time frame to complete the inter-bank transfer process can take up to 2 weeks¹.

Please ensure your CPFIS Account Number is correct and your Signature matches the one in the out-going bank’s record, otherwise your application will be rejected.

Your account transfer is successful and your account is ready for use when your account’s investible limits are updated and a notification letter will be sent to your address in the Bank’s records.

¹ The time frame to complete the transfer process is also dependent on response time from the outgoing bank.

How much CPF-OA savings I can invest?

You can invest your CPF-OA savings after setting aside S$20,000 in your CPF-OA. In addition, you can only invest up to 35% of investible savings in stocks and 10% of investible savings in gold. To find out how much of your OA savings that you can invest, please log in to myCPF Online Service or visit the CPF website for more details.

Where can I find out more information on my shares corporate action event for my CPF Investment Account?

Information on shares corporate action event can be found in the SGX website. Refer to Company Announcements, under Company Information.

My shares in the CPF Investment Account has a split stock event, when will the shares be credited to my CPF Investment Account?

The 'security credit date' information can be found in the SGX website. Refer to Company Announcements, under Company Information.

What are the fees and charges involved?

Please refer to the schedule of charges for the charges involved.

How can I withdraw my CPF Investment upon reaching 55 years old?

You can withdraw your CPFIA investments and cash balance after setting aside the Full Retirement Sum (FRS) in your Retirement Account (RA).
Please submit your application to CPF Board either through online or by mail. The agent bank/product providers will contact you on the transfer of your investments to you.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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