Many Singaporeans rely on their Central Provident Fund (CPF) account to save for retirement. The CPF scheme is effective in helping you build up a nest egg that can dish out a stream of passive income when you stop working. However, the CPF Ordinary Account (OA) has an interest rate of just 2.5%, which may not keep up with inflation over the long term. Hence, it’s important to invest your money in dependable blue-chip stocks that can pay you a higher dividend yield. Here are five such stocks with dividend yields that are more than double what the CPF OA is paying.

DBS Group (SGX: D05)

DBS needs no introduction, being Singapore’s largest bank by market capitalisation. The lender rode on the wave of elevated interest rates to post record earnings for 2024. 2024 saw the bank’s total income rise 10% year on year to S$22.3 billion on the back of a 5% year-on-year increase in commercial book net interest income....