Maximise your savings with CPF Investment Account

The CPF Investment Scheme (CPFIS) lets you invest your Ordinary Account (OA) savings in a wide range of investments to enhance your retirement savings.

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

Diversify Your Investments: Invest in a range of assets including stocks, bonds, REITs, and more, to potentially maximize returns and manage risk

Boost Your Retirement Income: Invest in CPFIS at any age, including after 55 when your Special Account (SA) closes.

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Maximise your savings with CPF Investment Account

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Overview

Benefits

How it works

Investment options

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Eligibility

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FAQ

Understanding CPFIA and its Benefits

A 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).

How it Works: A 10-Year Comparison

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

Singapore Government Securities (SGS)

Low-risk, government-backed bonds offering predictable returns. Suitable for investors seeking steady growth with minimal risk.

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Unit Trusts

Professionally managed, diversified investments offering the potential for higher returns than traditional savings. Suitable for long-term growth.

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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.

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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.

Grow your CPFIA with digiWealth

Are you a digibank user?

Go to 'digiWealth' to get started.

Have a DBS Vickers Account?

Choose CPF as your settlement mode.

Need advice?

Connect with our Wealth Planning Managers and get the insights you need to take charge of your financial plans with confidence.

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Eligibility & Fees

Check eligibility before you apply

Age	At least 18 years old and not an undischarged bankrupt
Residency Status	Singaporean or Permanent Resident (PR)
Existing CPFIA account	Have no existing CPFIA with another bank
Minimum S$20,000 in CPF-OA	You have more than S$20,000 in your CPF Ordinary Account

Open your CPFIA with digibot

For the quickest and easiest way to open your CPFIA, simply apply online via digibot and follow the guided steps.

Review RequirementsRead through all the requirements and complete SAQs before opening

Confirm DetailsConfirm SAQs completion and mobile number

Verify CPF AccountVerify CPF Account Number (NRIC for Singaporean/PRs)

Select Reference AccountSelect your preferred account

Set Communication PreferenceIndicate your preference for receiving corporate information

Review & SubmitConfirm application details before submitting

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Alternative application methods

Earn up to 4.1% p.a. with DBS Multiplier

Earn bonus interest on your DBS Multiplier Account when you invest with your DBS CPFIA. Dividends count too!

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Frequently Asked Questions

Account Management Investments, Corporate Actions and Fees

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).

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).

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.

Terms and conditions governing CPFIS Account

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.

Maximise your savings with CPF Investment Account

Understanding CPFIA and its Benefits

How it Works: A 10-Year Comparison

Investment Options with DBS

Singapore Government Securities (SGS)

Unit Trusts

Exchange Traded Funds (ETFs), Stocks, REITs, Corporate Bonds, and Gold Shares

For Customers Aged 55 and Above

Grow your CPFIA with digiWealth

Are you a digibank user?

Have a DBS Vickers Account?

Need advice?

Eligibility & Fees

Age

Residency Status

Existing CPFIA account

Minimum S$20,000 in CPF-OA

Open your CPFIA with digibot

Frequently Asked Questions

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