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DBS now accepts online applications for T-bills using CPF Ordinary Account funds

Tan Nai Lun

Tan Nai Lun

Published Thu, Feb 2, 2023 · 05:00 PM
    • Investors can use their CPF OA funds to purchase T-bills, but must first open a CPF investment account with either DBS, UOB or OCBC and apply with the respective banks.
    • Investors can use their CPF OA funds to purchase T-bills, but must first open a CPF investment account with either DBS, UOB or OCBC and apply with the respective banks. ST PHOTO: LIM YAOHUI

    INVESTORS can now make online applications at DBS for Singapore Treasury Bills (T-bills) using funds in their Central Provident Fund Ordinary Accounts (CPF OA).

    The bank is the first – and currently, only – local bank to offer such services.

    To apply for T-bills using their CPF funds, investors will need to open a CPF investment account with either DBS, UOB or OCBC and apply with the respective banks.

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