At a Glance

  • Invest without cash and maximise the growth of your CPF funds
  • Flexibility and control over where to invest your CPF savings
  • Easy and convenient management of your investment transactions and portfolio

What is a CPF Investment Account (CPFIA)?

CPFIA is a channel for investing your CPF savings+. Investing your CPF money allows you to reap greater potential gains, enriching your savings for a comfortable retirement.


Investing with your CPFIA

You can start investing if you have at least S$20,000 in your CPF Ordinary Account (OA).

Below is an illustration on how you can maximise returns on your CPF savings through investing.

Mr Lim is below 55 years old and has S$60,000 in his CPF Ordinary Account (OA).

* The above table is for illustration purposes only

What you can invest in

  • Singapore Government Bonds
  • Singapore Government Treasury Bills
  • Statutory Board Bonds
  • Bonds Guaranteed by Singapore Government
  • Annuities
  • Investment-Linked Insurance Products
  • Unit Trusts
  • Fund Management Accounts and Exchange Traded Funds (ETFs)
  • Shares, Property Funds and Corporate Bonds (capped at 35% of investible savings^)
  • SPDR Gold shares (capped at 10% of investible savings^)

New to investing? Check out this page for useful articles on getting started.

Multiply your savings with DBS Multiplier Account

You can now earn higher interest rates of up to 4.1% p.a. when you invest through DBS/POSB with your CPF Investment Account. Dividends count too!

Find out more here.


Start investing your CPF with DBS

Investing 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.

Log in

Have a DBS Vickers Account?

Choose CPF as your settlement mode.

Log in


Easy management of your investments

  • Get quick access to information on your portfolio
    Stay in the know with monthly reports on how your investments are performing, including total costs, estimated market value, and advance notice of all rights announcements
  • Track and manage your investments easily via mobile, online banking, and ATM:

Eligibility & Fees

  • You are a CPF member
  • Age 18 and above
  • 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

See the Schedule of charges


Get started with CPFIA

Here’s how to open a CPF Investment Account and start investing without cash.


Skip the trip to the bank and apply for your CPFIA the hassle-free way with the new DBS digibot.

At our branches

Prefer face-to-face service? Visit our branches with the following documents:

  1. Print-out of Self-Awareness Questionnaire (SAQ)* status
  2. Completed account opening form
  3. NRIC (Singaporeans & PR) or Passport and EP/WP (Foreigners)

Need to know more?

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 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).

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

Log in to digibank and easily view your investments on your CPF Investment Account.

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.

You can visit any of our branches to complete and sign the following forms:
  • CPFIS-Inter-Bank Transfer Form
  • CPFIA Account Opening Form

The standard time frame to complete the inter-bank transfer process is 7 working days.

The cut-off date for CPFIA interbank account transfer request is 9 December 2022. This service will resume on 3 January 2023.

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.

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

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

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

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.

The interest rate on balances in the CPF Investment Account which are not invested is currently 0.050% p.a.
^ Investible savings refer to the total balances in CPF Ordinary Account plus monies already withdrawn for investments & education.
# From 1 April 2008, only monies in excess of $20,000 in your Ordinary Account can be invested.

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$75,000 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$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Click here for full terms and conditions.

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